Governance and Sustainability

Module code: ACFI 3423

Module description

This module critically examines the position and changing role of accounting, and looks at the broader issues relating to governance and sustainability by examining the role ethics, and the political context of accounting and financial resource allocations. It also examines how the debates surrounding sustainable development may be embraced by the accounting profession.

It also develops the critical and analytical skills in recognising the inter-relationship between accounting and finance and society by examining social, environmental and ethical frameworks in ensuring the efficacy of financial systems. The complexities and stresses of differing business, societal and professional eithical frameworks are examined.

The key aspects of governance and sustainability are separated into two areas: macro governance and sustainability examining the governmental and intergovernmental rules and developments. This includes: how the financial structures of privatisations can induce different business behaviours; and the social impacts of international accounting standards and harmonisation; and how accounting for sustainability encourages transparency and accountability and national and pan national agreements such as requirements of International Financial Institutions (e.g. IMF/World Bank) in return for financial support (aid and/or loans).

Theoretical frameworks are also introduced, such as accountability and stakeholder theory along with a critical analysis of conventional accounting theory.

Contact hours per student per year

  • Lectures: 44 hours
  • Tutorials: 22 hours


  • Case study (2250 words): 50%
  • Academic essay (2250 words): 50%

Additional costs: No extra costs other than purchase of books