This course prepares you for all aspects of the human resources area that deal with reward - sometimes termed "pay and benefits" or "benefits and compensation" but, as we shall see, the area goes more widely than these simple titles suggest. It is a vital aspect of any HRM professional's work, and at least some time in your HRM career, you can expect these issues to consume a large part of your daily activity.
Course Description:
Aims, Nature, Context:
The course aims are to provide a survey of current understanding in the field of Reward Management. This course is to embrace both our theoretical knowledge and practical application. The course will comprise a series of 10 teaching and learning sessions during which students will be encouraged to interact. There is a series of exercises accompanying the teaching and learning sessions. In addition, students are encouraged to undertake the multiple-choice quiz attending each session. These will help consolidate learning and understanding. The prior week's quiz questions are discussed at the beginning of each new session.
This dualistic course aims to enable students to understand the role of Accounting for Managers in corporate business governance (CBG). First, the Accounting for Managers section entails the fundamentals of financial and managerial accounting. Topics include accounting's conceptual framework, preparation and analysis of financial statements, current issues in financial reporting, ethical and legal responsibilities in financial reporting, cost-volume-profit analysis, tactical decision-making, budgeting and accounting for management control.
Second, the corporate governance section articulates what ethics entails, taps from the various perspectives of ethical theories, and analyses honest relationships in business and corporate social responsibility (CSR) issues. Different corporate governance frameworks such as African Round Table, King Code I, II, III and IV, the National Code of Corporate Governance of Zimbabwe, and the Ubuntu Framework help to define good corporate governance. Topics include:- the definition of ethics, practical/ utilitarian ethics, deontological ethics, virtue theory, theories of justice, agency theory, stakeholder theory, stewardship theory, ethical discussion and ethical relationships in business and social responsibility, the definition of cooperate governance, separation of ownership and control, corporate scandals and reaction.
Third, the case studies and discussion topics and aspects will come from scenarios in current public news briefs, corporate ownership challenges worldwide, board composition, boards and committees' functions, corporate governance and the media, information management and disclosures, risk governance, and corporate conflict prevention and resolution.