CSR Information Per Accounting Course
(Browse the responses for each course below)
My course covers the accounting rules under GAAP (generally accepted accounting principals), which are the rules for reporting for firms required to follow GAAP. Corporate social responsibility relates in part to following the spirit of laws (or in my class GAAP). We also discuss managerial motivations to manipulate accounting reports, and the negativeconsequences that follow.
Regarding global issues, very briefly we discuss IFRS (international financial reporting standards).
Hands-on learning is incorporated into the class through take-home projects related to preparing and analyzing financial reports.
ACC 201 Financial Reporting
Corporate Social Responsibility is primarily covered through financial reporting considerations. Environmental sustainability is primarily covered through the reporting of contingent and non-contingent liabilities. We address global issues while covering international financial reporting standards, which also touches on diversity to some extent, but the field of financial accounting (particularly at the introductory level) is not one that diversity issues come up in too much.
Business Ethics are discussed in the context of information, financial reporting considerations, financial statement fraud, earnings management, agency costs and similar issues.
In regards to hands-on learning, students are given projects involving real company financial statements, and must gather information available in the market to analyze parts of them. Similar problems are worked through in class in a group setting.
This course covers issues such as financial manipulation; how incentives are to be provided to keep unethical behavior in check is a constant theme in the class. We discuss real life cases in each class, giving students a good feel for how the concepts are applied in real business situations.
After developing a model to understand a given country’s economic performance, we incorporate international trade and finance to understand how exchange rates and interest rates influence the flow of value. Student teams are responsible for a 10-page report on a specific country to evaluate the prospects of expanding business operations into that country.
Regarding business ethics, I believe ethics is implicit always. I perceive it more as an approach to life than a subject studied in discreet increments.
Hands-on learning is an integral part of the course. I assign a three-part quarter project to student teams. In Part 1 the students develop an executive summary of a specific publicly-traded company. In Part 2 they develop an executive summary of the economic conditions of a specific target country for expansion. In Part 3 the team conducts a synthesis of the first two parts to determine the viability of expansion into that country.
Our discussion of corporate social responsibilty and environmental sustainability is very limited. I could easily devote an entire course to corporate social responsibility disclosure and greenhouse gas reporting. Hot topic. Lots of jobs.
Hands-on learning is incorporated through live case or issue analysis. Watch this discussion of conflict minerals as an example of what we do in class.