Course Title: Monitor corporate governance activities
Part B: Course Detail
Teaching Period: Term1 2009
Course Code: ACCT5260C
Course Title: Monitor corporate governance activities
School: 650T TAFE Business
Campus: City Campus
Program: C6072 - Advanced Diploma of Accounting
Course Contact : Angelo Sellan
Course Contact Phone: +61 3 9925 5460
Course Contact Email:angelo.sellan@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Andrew Coloretti
Nominal Hours: 60
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
There are no pre, or co-requisites for this unit.
Course Description
Recent corporate collapses and changing social attitudes have shifted the parameters of what is required of companies, in particular companies are expected to develop their own structures and procedures to ensure effective management and acceptable standards of corporate accountability and social responsibility.
By employing a number of activities including lecturing, tutoring, case studies of recent corporate collapses, use of internet, and reference to various relevant web pages, together with practical exercises and assessment, the student will investigate / study the role, function and relevant elements of this dynamic area.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACCT604B Monitor corporate governance activities |
Element: |
Determine processes for corporate governance adherence. |
Performance Criteria: |
2.1. Internal control procedures are analysed and monitored to determine performance indicators for compliance with corporate governance requirements. |
Element: |
Examine corporate governance standards and practices. |
Performance Criteria: |
3.1. Application of and adherence to professional and legal accounting standards is monitored to identify emerging trends and interpretations of statutory and other regulatory requirements. |
Element: |
Research corporate governance reporting trends. |
Performance Criteria: |
1.1. Organisational practices are analysed to identify corporate governance obligations and performance. |
Element: |
Review corporate governance requirements. |
Performance Criteria: |
4.1. The achievement of performance indicators is assessed and reviewed against key result areas. |
Learning Outcomes
Details of Learning Activities
Various learning activities will be employed including lecturing, tutoring, case studies of recent corporate collapses, use of internet, and reference to various relevant web pages, together with practical exercises and assessments.
Teaching Schedule
Teaching Week | Week commencing | Topic, Performance Criteria, Assessment planned. |
1 | 09/02/09 | Introduction to the issues / themes / regulatory framework of Corporate Governance. Definitions of corporate governance. Need for corporate governance at a macro and micro level. Elements of corporate governance. 3.1 |
2 | 16/02/09 | Company failures / failings, recurring themes. Macro level HIH, Enron, etc. Micro level, failings in risk management and compliance (articles as examples) 1.1, 1.2, 1.3 |
3 | 23/02/09 | ASX Corporate Governance Council’s Corporate Governance Principles & Recommendations. Principle 7: Recognise and manage risk. Risk management process. Types of risk; greater focus on compliance risk. Compliance standards and internal control procedures / policies for managing the risks. 1.1, 2.4, Task 1 |
4 | 02/03/09 | Principle 7: Recognise and manage risk. Risk management process. Types of risk; greater focus on compliance risk. Compliance standards and internal control procedures / policies for managing the risks. 1.1, 1.3, Benefits of corporate governance |
5 | 9/03/09 | Nature of companies. Types of companies. Steps / considerations/requirements to register a company in Australia. Replaceable Rules / Company constitution; an important role in the internal governance of any company. Legislation applicable to companies 1.1, 2.3, 3.1, 3.2, 4.2 Task 2 |
6 | 16/03/09 | Role of the Board; importance to corporate governance. Directors; Types What constitutes an officer of a company Sec 9 Corporations Act. Eligibility to be director, Disqualification from managing a corporation. 1.1, 2.3, 3.1 |
7 | 23/03/09 | Director’s duties: Act bona fide in the interests of the company: Avoid undisclosed conflicts of interest. 1.1, 2.3, 3.1 Task 3 |
8 | 30/03/09 | Common assessment week for most courses Presentation 1 |
9 | 06/04/09 | Directors duties: Act with reasonable care, skill and diligence, Duty not to trade whilst insolvent. Mid Semester Break Tuesday 9th to Wednesday 15th. 2.1, 4.3 |
10 | 20/04/09 | Principle 1: Lay solid foundations for management and oversight. Principle 2: Structure the board to add value. 1.1, 2.3 |
11 | 27/04/09 | Principle 3: Promote ethical and responsible decision making, Principles of Ethics Principle 4: Safeguard integrity in financial reporting. 1.1, 2.1, 2.2, 2.3 Task 4 |
12 | 04/05/09 | Principle 5: Make timely and balanced disclosure. Continuous disclosure requirements 1.1, 3.1, 3.2 |
13 | 11/05/09 | Principle 6: Respect the rights of shareholders Task 5 |
14 | 18/05/09 | Principle 8: Remunerate fairly and responsibly 1.1, 1.2, 1.3, 2.1, 2.2, 2.3, |
15 | 25/05/09 | Presentations 4.1, Presentation 2 |
16 | 01/06/09 | Assessment Week Test |
17 | 08/06/09 | Resubmissions / Deferred tests |
18 | 15/06/09 | Feedback and results |
Learning Resources
Prescribed Texts
References
Gregory E P Shailer, An Introduction to Corporate Governance in Australia 2004. Pearson Education Australia. |
Other Resources
Overview of Assessment
Five work tasks to be submitted; date to be communicated. Only a competent or not yet competent grade will be allocated to these tasks i.e. no numerical grade or mark weighting will apply.
One final open book test 40%. Presentation 10%. Assignment and presentation 50%.
To pass the course students must attain a cumulative score of 50% or above, and must achieve a score of 50% or above of the test weighting, along with demonstrating competence in all 5 tasks.
Demonstration of competency in selected employability skills is also mandatory.
Assessment Tasks
Five tasks; made up of a series of questions and practical exercises, class time will be provided for task work. These will need to be submitted for "competent" / "not yet competent" grade only.
Two presentations; the first presentation will require students to report on a specific broad ranging legislation, with reference to its; purpose, key compliance issues affecting companies, and potential liability to companies and or others i.e. directors / officers in the event of non compliance. The second presentation will be the culmination of the assignment; students will report on a specific compliance risk, and the corporate governance framework, methodologies, and processes designed to address and effectively monitor that risk. A hard copy report detailing the above will form the core of the assignment and will need to be handed to your instructor on the presentation day.
One final openbook test covering all topics. This test represents a hurdle assessment and must be passed in order to pass the course.
Assessment Matrix
Element | Task 1 | Task 2 | Task 3 | Task 4 | Task 5 | Presentation 1 | Assignment report & presentation | Final Test |
1 | y | y | y | y | y | |||
2 | y | y | y | y | ||||
3 | y | y | y | y | y | y | ||
4 | y | y | y | y |
Course Overview: Access Course Overview