Posted: September 13th, 2017

Accounting and Finance – Financial Strategy & Contemporary Issues in Accounting

Paper, Order, or Assignment Requirements

 

 

2 Assignments

1.Financial Strategy
a: Critical understanding of the complexities involved in assessing and measuring business risk and the return on investment.
b: Apply a range of models in the process of organisational valuation.

2. Contemporary Issues in Accounting
a.Critically evaluate the usefulness of accounting standards and the process by which they are agreed
b.Demonstrate a systematic understanding and critical evaluation of key aspects corporate social responsibility reporting
c.Critical understanding of key emerging accounting issues

Assessment Brief:

QUESTION ONE

 

“Uniformity discourages research and debate in academic and practice forums and promotes increasingly detailed rule-making. It shuts the door on learning through experimentation, making it difficult to discover better ways of financial reporting through practice and comparison of alternatives”. Sunder, S. (2010, p.99)

 

Sunder, S. (2010) Adverse effects of uniform written reporting standards on accounting practice, education, and research.  Journal of Accounting and Public Policy. 29. p.99-114.

 

(Full journal article has been provided on black-board)

 

Requirement

Critically evaluate the journal extract provided against the current work in progress on the IFRS conceptual framework and the process by which accounting standards are developed and agreed.

 

40 marks

 

QUESTION TWO

 

a). In February 2015, the Sustainability Accounting Management and Policy Journal issued a request for articles on the topic of ‘Camouflaging of Corporate (Un)Sustainability’.

 

Requirement

Discuss the term ‘Camouflaging of Corporate (Un)Sustainability’ as an emerging accounting issue.

15 marks

 

 

b). Anne Marie Cornell of Lucideon Ltd delivered a guest lecture on the growth in regulation and certification in the area of business sustainability.

 

(The guest lecture slides have been made available on black-board for your review and reference)

Requirement

Evaluate the benefits of embracing a ‘transforming attitude’ to such developments and regulation.

15 marks

 

QUESTION THREE

 

a). Financial reporting on the internet, discuss the pros and cons of its growth.

15 marks

 

b).  Critically evaluate the role of an accountant in business.

15 marks