Unit 1: Introduction to the ACAF Method
• Outline the steps in the ACAF Method.
• Apply the ACAF Method to tackle a typical exam scenario.
• Apply the ACAF Method to assignments and exams.
• Textbook: Chapter 1 – The Language of Ethics
• Textbook: Chapter 2 – A Look at the Sources of Ethical Problems in Business and How to Prevent Them
Unit 2: Communication
• Create a standardized memo format.
• Understand the writing problem and create specific, action-oriented writing goals.
• Analyze your intended audience and adapt your communication to that audience.
• Arrange ideas and information in a logical structure.
• Identify ways to structure your content to improve readability.
• Create a memo that is concise, simple and clear, and uses the five techniques to improve readability.
• Textbook: Chapter 3 – Ethics, Stakeholders, Corporate Strategy, and Value Creation
Unit 3: Ethics Fundamentals
• Explain the meaning of ethics and the three basic approaches to ethics and how they connect to business situations.
• Write a clear and well-reasoned memorandum with respect to an ethical choice situation in a business context that has been analyzed using the ACAF Method.
• Contrast ethics for competitors with ethics appropriate within the firm.
• Explain the prominent management theories; the main perspectives in ethics, economics and psychology on human motivation; and the typical forces affecting ethical decision-making in organizations.
• List and explain the major factors influencing the global business environment and those particularly affecting the Canadian business environment.
• Textbook: Chapter 1 – Language of Ethics
Unit 4: Ethics - Your Responsibilities (Part 1)
• Explain how the fundamental objectives of the ACAF program apply to ethical issues related to accounting and finance that ACAF holders are likely to face, and how the principles of ethical communication apply to ACAF holders.
• Compare and contrast economic and ethics perspectives of the principal-agent problem.
• Identify basic issues regarding the production and provision of financial information to relevant stakeholders.
• Textbook: Chapter 6 – Marketing and Operations
• Textbook: Chapter 7 – Finance and Accounting
• Case: The Loyal Agent’s Argument
Unit 5: Ethics - Your Responsibilities (Part 2)
• Identify the main areas in which ethical issues confront managers; differentiate amoral and moral approaches to management; explain important developments in the management of individuals and relationships; and identify significant current and emerging “change factors” facing managers in private, public and not-for-profit organizations in Canada, including diversity and non-discrimination in the workplace.
• Identify core ethical values and principles in Canada as well as the resources for interpreting them that are available from Canada’s accounting profession, including the five core values in the International Ethics Standards Board for Accountants’ Code of Ethics.
• Identify common threats to independence in mind and appearance, and safeguards to protect independence.
• Identify business considerations and ethical standards in establishing business relationships across borders.
• Textbook: Chapter 4 – Business Ethics is a Global Marketplace
• Textbook: Chapter 8 – Management
• International Ethics Standards Board for Accountants (IESBA) Code of Ethics for Professional Accountants Handbook
• Independence Provisions from Section 290 of the Code - IESBA
Unit 6: Accounting and Accountability Objectives:
• Explain the basic principles of individual and organizational accountability.
• Describe the general features of social and environmental accounting and triple bottom line measures.
• Review the course and understand good study habits.
• Explain the importance of business ethics and communication in the ACAF program and your career.
• The Triple Bottom Line: What is It and How Does it Work? – Indiana Business Research Centre