ACCOUNTING AND FINANCIAL ETHICS

This course covers discussion on the basic financial reports presentation and analysis. It will include the nature of financial reporting, proper recognition of income and expense and financial statement analysis. The course objectives include (1)To understand the basic financial reports presentation, (2) Knowledge in revenue and expense recognition, (3)Develop the skills in financial analysis and (4)Know different methods of financial analysis for decision making.

The course is designed to introduce to students ethical principles and applications. At the end of the semester, the students will be able to understand ethics in accounting, its importance and challenges especially in the work. Furthermore, it will help develop both technical and ethical competences through case analysis and exercises and identify issues in accounting situations and subsequently demonstrate reasoning and make moral judgments.

Attendance: Attendance represents 10% of your total grade. Your attendance is expected at all classes. Attendance will be checked. It is the responsibility of the students to come on time. Examinations. There will be formal examinations,and the coverage will be until the last topic discussed before the formal exam. Reporting. A group of certain number of students, depending on the actual enrollment, will form a team. The team will be assigned with a topic to report. Term Paper. Each group will be given a case to report as term paper. The paper will be presented in oral and the final paper will be submitted one week before the final examination.

Financial Accounting

Ethics has become a concern in the business area owing to the fact that corporate scandals had taken place in many countries. These scandals affected the integrity and credibility of the accounting profession as a whole. In the current scenario, accounting education has a role in in preparing these would be professionals (students) in carrying out their responsibilities in the future.