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GUIDE TO ICAS SYLLABUS 2011/12

GUIDE TO ICAS SYLLABUS 2011/12

GUIDE TO ICAS SYLLABUS 2011/12

Contents

Welcome

3

ICAS Overarching learning outcome

4

The ICAS syllabus 2011/12

4

Syllabus and Learning Outcomes

5

Test of Competence

6

Business

Law

6

Business

Management

7

Finance

8

Financial Accounting

8

Principles of Auditing & Reporting

9

Test of Professional Skills

10

Advanced Finance

10

Assurance & Business Systems

11

Financial Reporting

12

Tax

13

Test of Professional Expertise

14

Business Ethics

15

Welcome to the ICAS syllabus for 2011/12

The CA qualification is comprised of ten technical subjects and examinations along with business ethics, training contract and work experience requirements.

The objective of Test of Competence (TC) is to provide CA Students with basic concepts and knowledge in core areas of accountancy, finance, law and auditing to enable CA students to progress on to later levels.

The objective of Test of Professional Skills (TPS) is to equip CA Students with the practical skills in core areas necessary for an entry level professional accountant. This requires the development of an understanding of relevant concepts, principles and techniques, the ability to apply these in realistic settings and the exercise of judgement in selecting and advising on the most appropriate treatment. The TPS examinations test both the understanding and the application of these skills and techniques.

Test of Professional Expertise (TPE) brings together the knowledge, skills and techniques acquired at TC and TPS along with new topics introduced at TPE in order to provide professional advice to business people in real life situations. The CA Student needs to be able to use their knowledge to analyse a given problem, and, from that analysis, form an acceptable professional judgement in a given situation. The CA Student also needs to be able to present the information in a clear and logical format and to prioritise the communication such that it addresses the major issues from both an objective professional viewpoint and the specific viewpoint and background of the reader. The TPE casestudy tests both the understanding and the application of these skills and techniques.

The ICAS syllabus 2011/12

YEAr 1 The Test of Competence (TC): Acquisition of knowledge base

YEAr 2 The Test of Professional Skills (TPS): Development of practical skills

YEAr 3 The Test of Professional Expertise (TPE): Judgement and application of expertise

Test of

Competence (TC)

Business Law

Business Management

1

Finance

Financial Accounting

Principles of Auditing

and reporting

Test of Professional

Skills (TPS)

Advanced Finance

Assurance and Business

2

Systems

Financial reporting

Taxation

Test of Professional

Expertise (TPE)

Multi-discipline case study

3

Business Ethics

 
Business Ethics  
 

In addition to including ethics within the appropriate subject areas at Test of Competence, Test of Professional Skills and Test of Professional Expertise, Business Ethics forms a stand alone subject and assessment.

 

Syllabus and Learning Outcomes

The syllabus for the CA qualification is designed in such a way to ensure that on completion of the CA qualification, the

newly qualified CA will have developed the necessary technical knowledge and skills combined with professional skills in

judgement, analysis, communication and presentation to deal with a wide variety of complex and often unpredictable issues and

situations. The development of these technical and professional skills will also enable the newly qualified CA to formulate and

communicate professional solutions which are appropriate to the circumstances. In addition, the newly qualified CA will have

developed the necessary professional and ethical values to deal with and make informed judgements on complex, ethical and

professional issues.

The requirements for the CA qualification are set out in the CA syllabus in the form of learning outcomes. Learning outcomes

are statements that identify what an individual will know or be able to do as a result of a learning activity within a subject and

are usually expressed in terms of knowledge, skills or attitudes. The learning outcomes establish the breadth and depth of

knowledge required for each of the subjects and are set in such a way as to ensure as a CA student progresses through the

qualification they develop the depth and breadth of the required knowledge and skills.

The learning outcomes for the CA qualification are organised into 6 hierarchical levels and move from the lowest level

(knowledge) through to the highest level (evaluation).

within a subject and the meaning of each level is described below:

Level & Meaning

The levels are identified within the syllabus for each learning outcome

Knowledge (K):

Remembering of previously learned material (recall of facts).

Comprehension (C):

Demonstrate understanding of facts and ideas by organising, comparing, translating, interpreting, giving descriptions and stating main ideas.

Application (A):

Use new knowledge. Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way.

Analysis (An):

Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalisation.

Synthesis (S):

Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions.

Evaluation (E):

Ability to judge the value of material for a given purpose.

Test of Competence

The syllabus applies to examinations scheduled for the period September 2011 to August 2012

Business Law

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Identify the sources of law

X

         

2.

Explain the legal status of various types of company and how to form a company

 

X

       

3.

Explain the nature of a company’s constitution and the administration rules which apply to a company

 

X

       

4.

Explain the legal implications of issuing share and loan capital

 

X

       

5.

Explain the roles and responsibilities of the officers of a company

 

X

       

6.

Explain the elements of a legally binding contract and factors affecting the validity of a contract

X

         

7.

Explain how a contract may be discharged and the remedies for breach

 

X

       

8.

Explain the legal issues relating to agency, partnership and employment contracts

 

X

       

9.

Explain the legal issues surrounding the concept of negligence

 

X

       

10.

Identify the various forms and uses of trusts, the key types of intellectual property and the implications of data protection and environmental legislation

X

         

Syllabus coverage

INTrODUCTION TO LAW

Role and nature of law

Sources of law

Human Rights Act

The UK courts

FOrMATION OF COMPANIES AND rECOrDS

Nature, function and classification of companies

Corporate personality

Formation procedure

Company’s constitution and its effect

Minority protection

ADMINISTrATION OF THE COMPANY

Role and responsibilities of company officers

Meetings, resolutions and records

SHArE AND LOAN CAPITAL

Types, features and classes of share capital

Allotment, payment and transfer of shares

London Stock Exchange and issue of securities to the public

Securities and charges

Capital maintenance

CONTrACT LAW

Types, terms and constructions of contracts

Essential elements of a valid contract

Misrepresentation/factors affecting contract validity

Exclusion clauses: common law and statutory rules

Breach of contract and remedies

Partnership

Agency

Electronic contracts

Employment law

NEGLIGENCE

The meaning of negligence

Duty of care and breach of duty of care

Causation and remoteness of damage

Defences

Vicarious liability

TrUSTS

Types, terms and construction of trusts

INTELLECTUAL PrOPErTY

Copyright

Patents

Trademarks

Design rights

rEGULATION

Data Protection Act 1998

Environmental legislation

Business Management

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Describe organisational structures

X

         

2.

Describe marketing and associated business processes

X

         

3.

Describe the features and uses of business information

X

         

4.

Calculate cost information for business planning and control

   

X

     

5.

Explain pricing strategies and calculate unit prices

   

X

     

6.

Explain the processes associated with the development and implementation of business strategies

 

X

       

7.

Apply the principles and procedures involved in managing working capital

   

X

     

8.

Explain the principles of budgeting and prepare budgets and forecasts

   

X

     

9.

Calculate probabilities using statistical techniques

   

X

     

10.

Calculate contribution to aid decision making

   

X

     

11.

Calculate performance of products and business segments

   

X

     

Syllabus coverage

OrGANISATIONAL STrUCTUrES

Types of organisational structures

Goals and objectives

MArKETING

Marketing mix

Market analysis

Market access and distribution

Product life cycle

BUSINESS INFOrMATION

Internal information systems

Third party information sources

COST ACCOUNTING

Cost and management accounting systems

Classification of costs

Accounting for direct costs and overheads

Cost allocation and apportionment

Costing techniques

Variance analysis

PrICING STrATEGIES

Influences on pricing and pricing decisions

BUSINESS STrATEGY

Strategy formulation

Trading and operational strategies

Business improvements

BUDGETArY PLANNING & CONTrOL

Behavioural aspects of budgeting

Preparation of budgets

Forecasting

Budgeting technique theory

WOrKING CAPITAL MANAGEMENT

Stock

Debtors

Creditors

QUANTITATIVE TECHNIQUES

Planning and control

Regression analysis

Statistical techniques

CONTrIBUTION ANALYSIS

Contribution and breakeven

Limiting factors

Cost volume profit

PErFOrMANCE MEASUrEMENTS

Business unit performance assessment

Non-financial indicators

Finance

 

On completion of this course students will be able to:

 
   

K

C

A

An

S

E

1.

Explain the financial environment within which an organisation functions

 

X

       

2.

Apply an understanding of the structure of the UK equity and debt markets and its financial system to practical situations

   

X

     

3.

Apply the major capital market models to practical situations

   

X

     

4.

Prepare data used in financial analysis

   

X

     

5.

Prepare plans and forecasts for an organisation

   

X

     

6.

Calculate investment returns from competing projects

   

X

     

7.

Explain the fundamentals of micro and macroeconomics

 

X

       

Syllabus coverage

 

FINANCIAL ENVIrONMENT

FINANCIAL ANALYSIS

INVESTMENT rETUrNS FrOM COMPETING PrOJECTS

 

External financial environment

Stock exchange indicators

Internal finance strategies

Ratio analysis

Payback

 

Present value techniques

Accounting rate of return

 

UK EQUITY & DEBT MArKETS AND FINANCIAL SYSTEM

Net present value

PLANS AND FOrECASTS FOr AN OrGANISATION

Internal rate of return

Sources of finance

Capital rationing

Institutional investors

Cash flow projections

Uncertainty, risk and probability

 

Types of securities and valuation

Profit projections

Markets for securities

Reconciliation of cash flow and profit projections

FUNDAMENTALS OF MICrO AND MACrOECONOMICS

CAPITAL MArKET MODELS

Components of business plans

Microeconomic theory

 

Efficient markets

Macroeconomic theory

Capital asset pricing model

 

Cost of capital calculation

Traditional and Modigliani-Miller theories

Portfolio theory

Financial Accounting

 

On completion of this course students will be able to:

 
   

K

C

A

An

S

E

1.

Apply fundamental accounting concepts

   

X

     

2.

Prepare journal entries to record transactions in the books of prime entry using double entry book-keeping

   

X

     

3.

Apply control techniques used in financial accounting information

   

X

     

4.

Explain the structure and accounting requirements of sole traders, partnerships, limited companies and not-for-profit entities.

 

X

       

5.

Prepare financial statements for sole traders, partnerships and limited companies

   

X

     

Syllabus coverage

PrEPArATION OF FINANCIAL STATEMENTS

Trial balance extraction

Sole trader, partnerships and limited companies under international formats

Cash flow statements

rECOrDING TrANSACTIONS

The accounting equation and double entry

Books of prime entry and the nominal ledger

Recording transactions

Correction of errors and incomplete records

BUSINESS STrUCTUrES AND ACCOUNTING rEQUIrEMENTS

Partnership

Private company

Public company

Not-for-profit organisations

International accounts formats

Form of the notes to the accounts

Historical development of accounts

Other primary statements

Sole trader

UK statutory format

FUNDAMENTAL ACCOUNTING CONCEPTS

The profit and loss account and balance sheet

Measurement and recognition

Accrual concept

The reporting entity

Prudence principle

CONTrOL TECHINQUES

Computerised accounting packages

Bank reconciliations

Use of the trial balance

Principles of Auditing & reporting

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Explain the need for and nature of third party assurance

 

X

       

2.

Explain the audit process and be able to apply judgement to different stages in the process

 

X

       

3.

Explain the role and responsibilities of the external auditor

 

X

       

4.

Describe the regulatory framework of auditing in the UK

X

         

5.

Describe the role and impact of the UK and international financial reporting framework and regulation

X

         

6.

Summarise the APB's Ethical Standards and their coverage

 

X

       

7.

Identify situations that would be covered by the International Auditing Standards (ISA's)

X

         

8.

Explain audit assertions and the principles of collecting and assessing evidence

 

X

       

Syllabus coverage

INTrODUCTION TO THE COrPOrATE rEPOrTING FrAMEWOrK

Framework for the preparation and presentation of financial statements

Elements of financial statements, recognition and measurements

The Companies Act – reporting requirements

The standard setting process and role of accounting standards, UK and International

Stock market influences

Corporate governance

PrINCIPLES OF THIrD PArTY ASSUrANCE

The information gap and stewardship

Fundamental concepts

Judgement and materiality

A true and fair view

Third party assurance

Independence

ICAS Code of Ethics

rOLE AND rESPONSIBILITIES OF THE EXTErNAL AUDITOr

The role of the external auditor

The Companies Act – auditor rights and responsibilities

The auditor’s duty of care

Legal liability and professional negligence

Responsibility for fraud

Anti-money laundering

The external auditor’s report

Auditing Practices Board

Audit of listed companies

rEGULATOrY FrAMEWOrK OF AUDITING IN THE UK

Financial Reporting Council

Auditing Practices Board

International Auditing and Assurance Standards Board

Professional conduct for members

The Companies Act – qualifying and supervisory bodies

AUDITING AND ETHICAL STANDArDS

International Standards on Auditing (UK & Ireland)

Ethical Standards 1-5

APPrOACH PrOCESS

Overview of the audit process

Audit methodology

Analytical review

Risk assessment/Materiality

Systems and controls/control testing

Substantive testing

Quality control

AUDIT ASSErTIONS AND COLLECTING AND ASSESSING AUDIT EVIDENCE

Audit assertions

Tests of control

Gathering and evaluating sufficient appropriate evidence

Test of Professional Skills

This syllabus applies to examinations scheduled for calendar year 2012. It is the responsibility of candidates to ensure that their knowledge and skills are up to date.

Test of Competence learning outcomes are assumed knowledge for Test of Professional skills.

Advanced Finance

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Evaluate the plans, actions and financial positions of clients

         

X

2.

Advise clients on relevant sources of finance and funding methods

         

X

3.

Advise on investment products suitable for companies

         

X

4.

Advise on the corporate debt market and instruments and the principles of loan documentation

         

X

5.

Advise clients on corporate restructuring situations, company valuations, mergers and acquisitions

         

X

6.

Explain the forms of corporate insolvency

 

X

       

7.

Prepare a statement of affairs

   

X

     

8.

Analyse stock exchange requirements and the role of the accountant

     

X

   

9.

Analyse the use of derivatives in hedging risk

     

X

   

10.

Explain the impact of government policy and regulation on financial situations

 

X

       

11.

Integrate the Code of Ethics within the framework of Finance

       

X

 

12.

Analyse the Treasury Management function

     

X

   

Syllabus coverage

SHOrT AND MEDIUM TErM FINANCIAL MANAGEMENT

Cash flow forecasts and working capital management

Money markets

Trade and export finance

LONG TErM FINANCIAL POLICY

Cost of capital

Dividend decisions

Raising finance

Banks and bank credit

Loan documentation

Corporate debt securities

Capital structure

COMPANY rESTrUCTUrING, VALUATIONS, MErGErS AND ACQUISITIONS

Restructuring

Valuation of business interests

Mechanics of mergers and acquisitions

Benefits to shareholders

INSOLVENCY

Forms of insolvency

Preparation and use of the Statement of Affairs

Directors duties

EQUITY MArKETS

Stock exchange regulation and reporting

Role of the accountant and other intermediaries

Issue of shares

ANALYSIS OF FINANCIAL STATEMENTS

Ratio analysis

Financial distress

DErIVATIVES – SWAPS, FOrWArDS, FUTUrES AND OPTIONS

Market

Definitions and terminology

Hedging interest rate and currency risk

Risks associated with derivatives

Financial implications of a derivative position

ADVANCED CAPITAL INVESTMENT APPrAISAL

Investment appraisal

Sensitivity analysis

Risk in investment appraisal

PrOFESSIONAL CONDUCT

ICAS Code of Ethics

Ethical considerations

IMPACT OF NATIONAL ECONOMIC POLICY AND rEGULATOrY ENVIrONMENT

Fiscal and monetary policy

Financial impact

Business impact

Business and sustainability

Regulation of the Financial Services Industry

TrEASUrY MANAGEMENT

The Treasury function

Assurance & Business System

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Plan a statutory financial statement audit in compliance with auditing standards

       

X

 

2.

Evaluate findings obtained during a statutory financial statement audit

         

X

3.

Apply the relevant provisions of ethical standards, legislations and professional guidance

   

X

     

4.

Plan assurance engagements and related services in compliance with relevant standards

       

X

 

5.

Evaluate findings for other assurance engagements in accordance with relevant standards

       

X

 

6.

Advise on business risk and related governance and risk control frameworks

         

X

7.

Advise on manual and computerised business systems and controls

         

X

Syllabus coverage

THE ASSUrANCE PrOCESS

Non statutory assurance and related engagements

The statutory audit requirement

Acceptance and continuance procedures including ethical issues

Documentation and quality control

Planning and understanding the entity

Assessing the risk of material misstatement

Selection of items for testing

Control risk assessment

Substantive testing

Physical and electronic evidence

Completion and review

Group engagements

Materiality

Reporting

BUSINESS rISK

Strategic risk

Financial risk

Operational, compliance and environmental risk

CONTrOL ENVIrONMENT AND BUSINESS SYSTEMS

Corporate social responsibility

Risk and control frameworks

Internal Audit

Systems design and evaluation

Corporate Governance

rEGULATION

Professional standards and guidance, UK and International

Ethical standards

Statutory requirements and regulatory framework

Fraud, theft and Proceeds of Crime Act including money laundering

Impact of Sarbanes-Oxley Act on auditors in UK and EU

Companies Act 2006

Case law

COMPUTErISED SYSTEMS

Ecommerce risks and controls

IT strategy and management

System acquisition and development

IT operations

IT disaster recovery planning

Application controls

IT access controls

Financial reporting

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Apply generally accepted accounting principles

   

X

     

2.

Recommend the appropriate accounting treatment under International Financial Reporting Standards to account for specific transactions

         

X

3.

Prepare journal entries, with supporting calculations, to record a range of transactions in accordance with any relevant guidance on accounting treatment

   

X

     

4.

Compare International Financial Reporting Standards and UK Standards in the context of convergence

     

X

   

5.

Advise on how certain issues may be dealt with under UK Accounting Standards

         

X

6.

Construct primary financial statements for an individual company

       

X

 

7.

Construct primary financial statements for a Group

       

X

 

8.

Construct appropriate disclosures for inclusion within the annual report and accounts

       

X

 

9.

Explain the accounting requirements relating to small and medium-sized entities

 

X

       

Syllabus coverage

ACCOUNTING FOr BUSINESS TrANSACTIONS

Revenue recognition

Tangible non-current assets

Intangible non-current assets

Investment properties

Financial assets and liabilities

Inventories and contracts

Current taxation

Deferred taxation

Provisions, contingent liabilities and contingent assets

Employee benefits

Leases

Share capital

Impairment reviews

Government grants

Foreign currencies

Post balance sheet events

Share-based payments

Borrowing costs

Specialised transactions

INDIVIDUAL COMPANY FINANCIAL STATEMENTS

Double entry bookkeeping and trial balance extraction

Primary financial statement preparation

Accounting standards

Information contained within disclosure notes

GrOUP FINANCIAL STATEMENTS

Principles of consolidation

Acquisition of subsidiaries and sub-subsidiaries

Disposal of subsidiaries

Adjustments for internal balances and transactions

Foreign subsidiaries

Accounting for associates and joint ventures

Special purpose entities

Group financial statement preparation

Accounting standards

Information contained within disclosure notes

GENErALLY ACCEPTED ACCOUNTING PrINCIPLES

Accounting principles and IASB framework

Impact on accounting for business transactions and preparation of accounts

Accounting policies and changes

First time adoption of international standards

Current developments

Interpretations

FINANCIAL COMMUNICATION

Statutory requirements

Business review

Corporate, social and sustainability reporting

ACCOUNTING BY SMALL AND MEDIUM SIZED ENTITIES

FRSME

FRSSE

Companies Act requirements

Tax

On completion of this course students will be able to:

 
   

K

C

A

An

S

E

1.

Explain the key aspects of the administration of the tax system

 

X

       

2.

Prepare a tax adjusted trading profit (or loss) computation

   

X

     

3.

Construct an individual’s tax liability

       

X

 

4.

Advise on an individual’s income tax liability

         

X

5.

Advise on chargeable gains for individuals and companies

         

X

6.

Advise on a company’s tax liability including tax planning

         

X

7.

Prepare VAT calculations for common business transactions

   

X

     

8.

Prepare stamp tax liabilities

   

X

     

9.

Prepare inheritance tax computations

   

X

     

10.

Apply best practice and act ethically when dealing with clients and HMRC

   

X

     

11.

Explain the main aspects of environmental taxes

 

X

       

Syllabus coverage

INTrODUCTION TO TAX

Administration of tax

Self assessment

Statute and other sources

Penalties for non-compliance

Collection of taxes

PrINCIPLES OF COMPUTING TrADING INCOME

Current year basis of assessment

Capital allowances

Trading profit/loss calculation

Principles of trading

Allowable deductions

INCOME TAX

Employment income and benefits

Losses

Partnerships

Investments

Other income

Basic personal tax planning

Personal allowances

Residence, ordinary residence and domicile

Charges and charitable giving

COrPOrATION TAX

Taxable profits and rates

Income tax on receipts and payments

Losses

Groups

Basic tax planning

Ecommerce

International issues

Transfer pricing

VAT

Taxable persons and registration

Accounting and collection process

Accountability and enforcement

Tax rates

Groups

Transfer of a going concern

Partial exemption and the capital goods scheme

Land and buildings

International aspects

NATIONAL INSUrANCE

Classes and collection

INHErITANCE TAX

Computational principles

Reliefs and exemptions

Basic planning advice

CHArGEABLE GAINS

Computational principles

Reliefs and exemptions

Losses

Planning advice

STAMP TAXES

Stamp Duty

Stamp Duty Reserve Tax

Stamp Duty Land Tax

PrOFESSIONAL CONDUCT

Principles of best practice

Meeting legal requirements

Ethics

ENVIrONMENTAL TAXES

Aggregates levy

Landfill taxes

Land remediation levy

Climate change levy

Test of Professional Expertise

This syllabus applies to examinations scheduled for November 2013 and May 2014. Test of Competence and Test of Professional Skills learning outcomes are assumed knowledge for Test of Professional Expertise. It is the responsibility of candidates to ensure that their knowledge and skills are up to date.

Test of Professional Expertise

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Critically appraise complex business performance data using appropriate technical skills and knowledge, including the use of theoretical models, covering the main areas of accountancy.

         

x

2.

Recommend integrated solutions to complex business problems drawing on wide-ranging information in an unpredictable variety of professional contexts.

         

x

3.

Recommend alternative strategies for future actions to clients in particular circumstances, based on updated technical knowledge.

         

x

4.

Evaluate contradictory information and make informed and balanced judgments in the absence of consistent data.

         

x

5.

Construct a wide range of accounting and finance computations covering the main areas of accountancy to provide information for the evaluation of business organisations and their situations.

         

X

6.

Advise on the development of improved business structures appropriate to the business’s scale and sector.

         

X

7.

Consider situations involving ethical and professional issues and make appropriate judgments on these.

         

x

8.

Prioritise the presentation of a variety of alternative solutions to business problems.

     

x

   

9.

Construct a report or equivalent, using style, content and language appropriate to a wide range of users, to communicate complex financial information.

       

x

 

Syllabus coverage

Business Plans

Objectives and goals

Content of business plans

Presentation of business plans

Business Strategies

Stakeholder objectives

Choices of business structures

Economic and market structures

Strategic marketing – McCarthy’s Marketing Mix

Current position analysis

Communication of strategy

Funding strategies

Corporate tax planning

Expansion strategies

Exit strategies

Corporate strategy

Business Management

Intellectual capital evaluation and management

Organisational culture and management styles

Internal control systems Managing acquisitions and disposals

Remuneration packages

Corporate governance

Business ethics

Personnel management and the law

IT Developments

Fraud and control

Treasury risk Management

Treasury management

Financial, interest and currency risk management

Business Performance Evaluation

Strategic information management

Performance evaluation

Activity-based costing, budgeting and management

Change management

Business valuation

Auditing

Audit issues and risks

Management letters

Internal auditing

Professional ethics

The fundamental principles in ICAS Code of Ethics

Objectivity and independence

Confidentiality and conflicts of interest

Bribery, fraud and insider dealing

Money laundering

Managing professional appointments

Personal Finance

Financial products and tax implications

Personal tax planning

Business Ethics

 

On completion of this course students will be able to:

   

K

C

A

An

S

E

1.

Explain the nature of ethics and its significance in the business environment

 

x

       

2.

Consider the consequences of unethical behaviour to the individual, the profession and society

         

x

3.

Consider the perspective of others when reviewing ethical issues

         

x

4.

Consider the long term consequences of unethical decisions

         

x

5.

Evaluate decisions in business using an ethical framework and relevant legislation

         

X

6.

Recommend ethical courses of action

         

X

7.

Apply professional ethics codes to business situations

   

x

     

Syllabus coverage

THE NATUrE OF ETHICS

Ethics and values

Ethics and the law

Rules-based and framework approaches

Individual values, attitudes and beliefs (heuristics)

Ethical evaluation framework

Use of theoretical models in ethical decision making

ETHICAL DILEMMAS IN BUSINESS

Exploration of ethical issues arising in the context of doing business

Organisational cultures and ethical leadership

Confidentiality and Whistleblowing

Public Interest Disclosure Act

Corporate Citizenship (social, environmental, employee)

Effect of globalisation on ethical decision making

Social Accountability International

ICAS CODE OF ETHICS

Fundamental Principles and Statements

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