Accounting Theory
7 pages (1750 words) , Essay
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...Accounting Theory & Methodology - A study of relevance and necessity of such methodology and theory This essay establishes the relevance and requirement of constant Accounting Theory and Methodology in modern day accounting and negates the contention that ‘Accounting theory and methodology are a waste of time’. Financial reports are the only reliable and easily available source of information about the financial health of a company and all categories of stakeholders rely on information provided in those reports. However, these figures depend entirely on...
Accounting Theory
2 pages (500 words) , Essay
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...accounting A critical perspective on accounting is focused on providing a medium for the increasing number of accounting practitioners and researchers who understands that the traditional practices and theories are not suitable for the problems arising in the current environment. Critical accounting research scrutinizes how individuals react to the different accounting disclosures. Critical perspective can be described as a research that focuses on the function of accounting in maintaining the advantaged positions of those in authority... Critical Perspectives of Accounting Affiliation Introduction A critical perspective is defined as an accounting researchthat makes inquiries on whether particular...
ACCOUNTING THEORY
8 pages (2000 words) , Essay
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...ACCOUNTING THEORY Introduction To better understand accounting theories there is need to develop an understanding of what accounting is in the first place. This picture is best painted by looking at the history of accounting that will also provide insight into the various accounting theories. Among these are the ground concepts that may be used in the formulation of accounting theories among other aspects of accounting theories. Some contend that in the beginning many primitive societies,...
Accounting Theory
16 pages (4000 words) , Essay
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...Accounting Theory Executive Summary The purpose of this report is to answer four groups of questions that deal withthe accounting theories in relation the collapse of Enron. My manager, Dr. Sophia, has asked me to prepare a report that draws upon my knowledge of positive and normative accounting theories to examine the factors that lead to the collapse of the Enron Corporation. My employer, the Australian Accounting Standards Board (AASB) will draw upon my findings when contributing to the development of accounting regulations in the future. It was found that factors like lack of information, the fraudulent information or possible connivance of Enron executives the companies... Order 131794 Topic:...
Accounting Theory
6 pages (1500 words) , Essay
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...Accounting Theory Word Count: 1520 The main motivation for corporate [social and environmental] reporting ... is to enhance corporate image and credibility with stakeholders (Adams, 2002: 244-245). According to Wood (1991), business and society are interdependent and cannot exist separately. It is true that the primary role of organisation is to fulfill the needs of people either by producing goods or services; however, at the same time, the organization needs to be socially responsible to its stakeholders that include primary as well as secondary stakeholders. Corporate social reporting in the UK began to take shape during 1970s when social Audit Limited...
Accounting theory
4 pages (1000 words) , Assignment
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...account as at 30 June 2012 “A” Ordinary shares 446,500 “B” Ordinary shares 650,000 Preference shares 200,000 Remuneration reserve 100,000 Retained earnings 520,000 References Deegan, C 2009, Financial Accounting Theory, 3rd edn, McGrah-Hill, Sydney. Leo, K, Hoggett, J & Sweeting, J 2012, Company Accounting, 9th edn, John Wiley & Sons, Sydney.... Luigi Constructions Ltd The following took place during the financial year ended 30 June and Aug The final call was made. ParticularsAccount Debit Account credit Share final call 150,000 Share capital account 150,000 (Call money due on 300,000...
Positive Accounting Theory
5 pages (1250 words) , Download 1 , Research Paper
...Accounting Theory Accounting Theory Insert Insert Insert 07 October Outline Introduction Positive Accounting Theory Political Cost Hypothesis Small Businesses Role of Banks in Development of Small Businesses Federal Governments and Small Businesses Conclusion Accounting Theory \Introduction The theory of Positive Accounting seeks to make relevant accounting transactions based on the predictions of real world situations and occurrences. The predictions of real world situations help small businesses in choosing the appropriate accounting policies that would help them in advancing. The predictions of positive accounting theory with regards to the real world situation go a long way... ?Running head:...
Accounting theory
7 pages (1750 words) , Essay
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...Theory of Accounting: A Critical Review AFFILIATION: The Theory of Accounting: A Critical Review Business and corporate activities form the unshakable basis of human development that is not happening in the current times. The businesses operate all around the world in order to create wealth and prosperity in the surrounding economic and social systems. The accounting department needs to record and publicize the level of success that an enterprise has earned over the specific period of time. The accounting information and financial statements guide investors and shareholders about the...
Financial Accounting Theory
6 pages (1500 words) , Essay
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...Accounting Theory Contents Contents Introduction 2 Conceptual framework 3 Financial Accounting 4 Conceptual Framework for Financial Accounting 5 Conclusion 7 Reference 8 Introduction Conceptual framework is the concepts and ideas which is coherent and organized that justifies a research. A conceptual framework is developed from the existing theories. Based upon this an exploratory research is done and along with the subjective belief on the concerned topic a conceptual framework is made by the researcher. Several theoretical frameworks are made after the financial crisis of 1929 and also after the recent financial crisis. The accounting frameworks are there for wide use of the financial... ?Financial...
Accounting Theory DB
3 pages (750 words) , Essay
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...accounting theory influence reasoning power? Exposure to accounting theory does influence reasoning power as one can make a more appropriate choice as and when required during a corporation’s financial planning and implementation. Knowledge of the minimum standards set up by the SEC (Securities and Exchange Commission) and FASB (Financial Accounting Standards Board) helps in making pertinent decisions which can influence the success or failure of a corporation. These regulatory bodies ensure transparency and consistency in financial matters taking into account the political and economic situation during a particular time period. A financial... 1. What happened here? Were there really any right or wrong...
Financial Accounting Theory
12 pages (3000 words) , Essay
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...Accounting Theory What is the purpose of financial accounting theory? Are you a positivist? Explain why you agree or disagree with positive accounting theory. The purpose of financial accounting theory is broad and complex, spanning an array of issues. One of the most overarching perspectives is that financial accounting theory allows for deliberations and insights to be developed regarding more effective and efficient accounting practices. Within this context of understanding there are a number of theoretical elements, oftentimes competing, as to the proper nature of accounting progress. One of the prominent implementations of accounting theory is in terms of developing normative... ? Financial...
Accounting Theory Research Assignment
7 pages (1750 words) , Research Paper
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...Accounting Theory Research Assignment Table of Contents Table of Contents 2 Article One 3 Summary (Part A) 3 Accounting Theory (Part B) 3 Analysis (Part C) 4 Conclusion 5 Article Two 5 Summary (Part A) 5 Accounting Theory (Part B) 6 Analysis (Part C) 6 Conclusion 7 Article Three 8 Summary (Part A) 8 Accounting Theory (Part B) 8 Analysis (Part C) 10 Conclusion 11 References 12 Article One Summary (Part A) The name of the article is ‘Latest effort at transparency just muddies water’ which was published in the year 2012 in The Australian. The article is...
Accounting theory in Australia
7 pages (1750 words) , Essay
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...theory - that is serving both the private and public interests (Gaffikin 2005). Today, accounting standards across the world is based on the US Financial Accounting Standard Board and the International Accounting Standard Board. Australia follows similar measurement paradigms as adopted by the FASB and the IASB whereby the transaction and cost based accounting are being replaced by fair value accounting. Fair value accounting according to these standards is defined as "the amount for which an asset could... Fair Value Accounting Introduction In the second half of the 20th century, the financial environment had been strived with international market shiftin financial paradigm measurement and standards....
Accounting theory in Australia
4 pages (1000 words) , Essay
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...Accounting Theory Reflective Essay My reflection is based upon Watt and Zimmerman's contention that the managers of a firm will attempt to utilise methodologies to avoid taxes and dividends.In this vein I was have thoroughly preoccupied reflecting upon and reading on the Enron disaster and how numbers can not be seen as neutral and unbiased.Taking this course changed my perceptions about the very pith and substance of how I would ever perceive numbers.After taking this course I realised that numbers like words and conduct and can be just as easily manipulated by the human mind.Therefore they will be seldom neutral and unbiased.One of the most revealing moments were when I was able to see... CO3013...
Advanced Accounting Theory & Practice
8 pages (2000 words) , Essay
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...ACCOUNTING THEORY AND PRACTICE Table of Contents Table of Contents 2 Introduction 4 Key Features of IAS 4 Objective 4 Scope 5 Financial Statements and its Components 5 General Features 6 Fair Presentation and Compliances with IFRSs 6 Going Concern 7 Accrual Basis of Accounting 7 Materiality and Aggregation 7 Offsetting 7 Frequency of Reporting 7 Comparative Information 8 Consistency of Presentation 8 Underlying Rationale and Development of IAS 1 8 New Titles for the Financial Statements 9 Impact: 9 Statement of Financial Position 9 Impact: 10 Statement of Comprehensive Income 10 ` Impact: 10 Statement of Changes in Equity 10 Impact: 11 Criticisms of IAS 1 11 References 13 Introduction Year... ?ADVANCED...
Advanced Accounting Theory & Practice
8 pages (2000 words) , Essay
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...Accounting Theory & Practice Introduction International Accounting Standard (IAS provides a framework for the Preparation and Presentation of Financial Statements. This accounting standard is comprised of information necessary for preparing and presenting the financial statements. The basic purpose of this standard is to enable different users to make effective economic decisions with the use of financial and non-financial information. By providing the basic structure for each type of financial statements, the standard has become highly essential for lenders, investors, shareholders and regulatory authorities. For that objective, the standard has classified different economic units... . In the...
Accounting Theory and Practice
10 pages (2500 words) , Essay
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...Accounting Theory and Practices The harmonization of accounting standards has been an issuein the international trading policies. The process has been slowly developing with no progress because of various issues among the international standards. This paper discusses the convergence and harmonization of accounting standards and practices. It states the major benefits of harmonization of accounting standards in international trading activities. It also states the problems that the harmonization of accounting standards would solve in case it is successfully implemented. Additionally, the paper focuses on the difficulties and huddles facing the harmonization of accounting standards... Harmonization of...
Advanced Accounting Theory & Practice
10 pages (2500 words) , Essay
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...Accounting Theory & Practice Introduction International Accounting Standard (IAS provides a framework for the Preparation and Presentation of Financial Statements. This accounting standard is comprised of information necessary for preparing and presenting the financial statements. The basic purpose of this standard is to enable different users to make effective economic decisions with the use of financial and non-financial information. By providing the basic structure for each type of financial statements, the standard has become highly essential for lenders, investors, shareholders and regulatory authorities. For that objective, the standard has classified different economic units... . In the...
Advance Accounting Theory
14 pages (3500 words) , Essay
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...Accounting Theory Contents Contents 2 Question 4 Question 2 6 Question 3 9 Aim or the Objective of Performance evaluation 9 Theory for justifying the performance evaluation 9 Ways in which the individual or the group respond towards the performance evaluation 10 Factors affecting the individual to the group towards the implementation of performance evaluation 10 Parameters for performance evaluation 11 Question 4 11 Importance of Segmental Reporting 11 Steps of segmental reporting 12 Advantages of the Segmental Reporting 12 Reason for considering Segmental Reporting as controversial 12 Recent developments adopted by IFRS 13 Question 5 14 Criticism of traditional budgeting 15 The concept... Advance...
Accounting Theory and Policy
9 pages (2250 words) , Essay
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...Accounting Theory and Policy (2) Principles-based Standards Debate Review and critically evaluate the recent debate in the US on principles-based accounting standards. (Reference: AAA Financial Accounting Standards Committee, 2003) The debate on principles (or concepts)-based accounting standards is concerned with the possible changes that FASB wants to make on U.S. GAAP, transforming the accounting standards from one that is characterised as rules-based into one that would be principles-based, the characteristic shared by other international accounting standards such as...
Accounting theory practice
8 pages (2000 words) , Essay
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...ACCOUNTING THEORY PRACTICE International Accounting Standard has been revised again on 6 September 2007. This revision has brought the IAS almoston the level of US Financial Accounting Standard Board (FASB) statement no. 130 ‘Reporting Comprehensive Income’. In fact FASB decided earlier that it would not publish an exposure draft requiring changes at this phase of changes in IAS 1. As per Ernst & Young (September 2007)1, ‘The main revision to IAS 1 arises from the IASB’s consideration of the US Standard SFAS 130 Reporting Comprehensive Income. The IASB has also taken the opportunity to improve the structure and wording of IAS1” This revised IAS 1 is applicable to all entities whether those... ...
Accounting theory and practice
2 pages (500 words) , Speech or Presentation
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...Accounting theory and practice Task Introduction This is a project about Yeats PLC, the company issued £ 25 million, 2 preference shares at par as of 1st January 2010. An accounting treatment has been provided to show the preference shares as an equity without considering the time value of money, to show the preference shares as a financial liability without adjustments of the time value of money, to show the preference share as a financial liability using amortized cost, and to show the preference shares as a financial liability at fair value through profit and loss. Lastly, a description of an alternative accounting...
Accounting theory: comparability
9 pages (2250 words) , Download 1 , Essay
...Accounting theory Introduction Comparability is one of the fundamental applications in the accounting practice. In fact, it is one of the basic features of Generally Accepted Accounting Principles GAAP. Not only in the GAAP principles, but also in the framework of the International Financial Reporting Standards (IFRS), comparability ensures that an entity’s financial data does not differ from the entities doing business in the same industry. In the United States of America, corporations are required to comply with the GAAP principles; on the other hand, in most of the other countries, companies are legally bound to comply with the IFRS. Although the concept of comparability does not differ... Topic:...
Financial Accounting theory and issues
4 pages (1000 words) , Essay
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...theory and external accountability is the possibility that accounting firms would implement ways so as to make the report look more appeasing/pleasing to the external environment. This is what Andersen purportedly committed for its client, Enron. History tells us that Enron conducted a grand conspiracy of deceiving the public of its true value. Ashford and Gibbs (1990, p. 183) discussed the nature of legitimacy as being highly intense, defensive and reactive to internal and external threats. In summary, the Legitimacy theory provides an initiative that will result in accounting practices... Submitted] Number] 0 Criticism of the Legitimacy Theory According to Suchman (1995, p. 574), Legitimacy theory...
Adv. Accounting Theory & Practice
4 pages (1000 words) , Essay
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...accounting figures. The qualitative narratives are highly manipulated. They never give out the exact matter. The quantitative narratives used in financial reporting are obtained from accounting books and financial statements of the company (Jones & Shoemaker, 1994). The usage of rhetorical devices in following accounting standards helps companies to manipulate the opinions... ?DO CORPORATE SOCIAL RESPONSIBILITY REPORTS OF FIRMS PROVIDE SHAREHOLDERS AND STAKEHOLDERS WITH USEFUL INFORMATION ON CORPORATE SOCIAL AND ENVIRONMENTAL PERFORMANCE OR ARE THEY MERELY A SOURCE OF PUBLIC RELATION VEHICLE? The firms in different industries have a conflicting nature in terms of their responsibilities towards society...
Accounting Theory
3 pages (750 words) , Essay
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...accounting profession. Using inductive reasoning, we moved from specific observations to broader generalisations and theories concerning business accounting. While using this approach, we made three assumptions; first, the world subjective and socially constructed. Therefore, it is through the existence of human beings that the world receives meaning. Through our research on petroleum companies, we gave meaning to the world concerning the performance of the selected companies during the period of operation. Second, we as observers were part of the variables being observed. Finally, scientific research is driven by the interests of human beings (Keleman & Rumens, 2008); the reason... Research Methodology ...
Current Issue In Accounting (Accounting Theory)
7 pages (1750 words) , Essay
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...Accounting (Accounting Theory) Task Outline i. Introduction ii. Part A: Measurement in Accounting Theory iii.Measurement models a. Historical cost Advantages of Historical cost Disadvantages b. Net Realizable Value c. Present Value (PV) d. Fair Value (FV) e. Current Cost (Replacement Cost and Reproduction Cost) iv. Part B: Intellec-Morph Design Limited (IMDL) a. Compensation Structure b. Monitoring mechanisms c. Ex Post Characters of the managers v. Conclusion Current Issue in Accounting (Accounting Theory) Introduction Accounting measurement is the quantification of fiscal data in units that are able to highlight the assets in monetary terms. Accounting is considerably... a measurement tool...
Accounting Theory: Firms Disclosure of Information
5 pages (1250 words) , Essay
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...Accounting Theory: Firms Disclosure of Information Contents Accounting Theory: Firms Disclosure of Information Contents 2 Introduction 3 Accounting Theories and Assumptions 3 Uses of Accounting Information 6 Conclusion 8 Reference 9 Introduction For sustaining in a market a firm need invest from the investors which they can get by winning the confidence of the investors. The investor confidence can be won by disclosing the information about the company in public. The information should be accurate and properly audited by the auditors. There are various...
Properties, plant, and equipment in accounting theory
3 pages (750 words) , Essay
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...Accounting Theory Facilitator CASE 1) The equipment should be recorded at market value. Thecost of the equipment to the company is the cost at which they were purchased and depreciation gain on the equipment (Bagley & Harp, 2012). The offset accounts will therefore be credit in the bank and depreciation ledger accounts while the equipment ledger accounts will be debited with the market value amount. The problem of recording the equipment at purchase cost comes in the possibility of double entry and challenges in expensing the equipment and its depreciation (Weiss, 2014). The book value of the asset will thus be recorded as 800,000 combined. 2) Group costing... (recording the cost as 800,000...
Case study ( subject accounting theory)
7 pages (1750 words) , Assignment
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...theory of matching social requirements off a company with consumer needs (Tilling, “Refinements to Legitimacy Theory in Social and Environmental Accounting”). The airline needs to take a comprehensive approach to its marketing initiatives so regain its tarnished image. Conclusion Ryanair’s attempts to resolve consumer dissatisfaction and rectify tarnished brand image have come about late. In this scenario, efforts made by the company will see a long time lag before any fruitful results are borne. To make... ? Ryanair s service problems in Introduction Ryanair is one of Europe’s leading low cost airlines that have established a strong foothold in the scheduled passenger airline segment in Europe over the...
Advanced Accounting Theory
2 pages (500 words) , Essay
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...Accounting Standards Accounting is a complex but fundamental process that allows external stakeholders to know how a company is performing financially. The process of accounting is based on some assumptions and is generally guided by an underlying set of principles and regulations. One of these sets of principles is the GAAP, which refers to the Generally Accepted Accounting Principles. GAAPs derive their content and authority from all the sources concerned with the establishment of accounting standards within a particular jurisdiction. The concept of the jurisdiction is particularly noteworthy in the contemplation of GAAPs. It implies that a company is governed by the accounting... Globally Accepted...
Advanced Accounting Theory & Practice
12 pages (3000 words) , Download 1 , Assignment
...Accounting Standard (IAS) 17 International Accounting Standard (IAS) 17 Key Features of the Current Accounting Standard The International Accounting Standard 17 (IAS 17) Leases contains the provisions for accounting disclosures and policies relevant to leases (Biondi et al., 2011; Tribunella, 2009). The accounting disclosures and policies are stipulated with regard to both lessees and lessors. The purpose of IAS 17 was to set the accounting policies and disclosures that are relevant to be used with regard to operating and finance leases (IFRS Foundation 2011). IAS 17 document entails the objective, scope, classification of leases, sale and leaseback transactions, and transitional... International...
Financial accounting theory
10 pages (2500 words) , Essay
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...accounting serve two purposes. One is to provide information for contracting purposes and other is for the purposes of valuation. Time and again these two objectives of accounting information create conflicts. “The nature of this type of conflict in SMEs, where there is greater emphasis is on contracting, and public corporations where the greater emphasis is on valuation…. It is unclear whether single set of GAAP, or a GAAP with exclusions of SMEs , can provide an appropriate balance between primary objectives for both public corporations or SMEs.”(Anthony Ariganello, 2004)1 Hitherto GAAP have been... Alternative GAAP for Smaller Entities a) Need for separate GAAP for Smaller Entities Basically...
Accounting Theory (Australia)
2 pages (500 words) , Essay
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...Accounting Japan has been one of the major powers of Asia and the region of Asia - Pacific. Though the economy of Japan have considerable influence in the international trade and finance, the eagerness of the country to play significant role in deciding the financial regulations are lesser compared to many of its counterparts. The experts of the related industries believe that the Asian nations especially like that of Japan, should have more say in designing the international regulations like International Accounting Standards or IFRS. In the recent past, it has been observed that Japan is working closely with the international bodies to have common...
Accounting Theory
7 pages (2250 words) , Essay
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The accounting theory that would be relevant in relation to this article would be the implementation of accounting application that the company might use so as to revive from the crisis. In other words, it can be said that the positive accounting theory would relate well to this article. Another issue in reference to accounting theory that would also be relevant is the stakeholder theory. Both these theories would assist in focusing on the problem of the company and facilitate to develop measures that would help the company recover from the current crisis.According to Freeman & Et. Al. (2010), stakeholders tend to manipulate the disclosure of a company’s financial information...
Advanced Accounting Theory and Practice
3 pages (750 words) , Essay
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...accounting for financial instruments al Affiliation) Keywords: fair value, financial instruments INTRODUCTION Fair value accounting is an approach in financial reporting whereby companies continually measure and report financial instruments as estimates of current market prices. Firms report losses when the fair values of their assets decrease or liabilities increase. The importance of fair value accounting prompted the Financial Accounting Standards Board (FASB) to issue a new standard, Statement of Financial Accounting Standards No. 157, Fair Value Measurements (FAS157). This standard provides comprehensive guidance to help firms in estimating their fair values (Wallison, 2009... Fair values in...
Financial Accounting Theory. Assignment 2.
12 pages (3000 words) , Essay
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...Accounting - Introduction Present world is dynamic and changing constantly in its thirst to achieve the best possible alternatives of economic excellence. Many transactions take place on a daily basis, monetary benefit realization being the sole big driver for their evolution. In this run, it becomes highly important that the results of such transactions are recorded regularly so as to provide an account of such happenings, the result thereof and also predict the future visibility. Accounting is one such function which provides the guidelines for reporting for all types of entities – corporate, partnership, sole-trader etc. While accounting for sole trader and partnership are taken... Framework of...
Accounting Theory : Satisfying multi users and their needs in accounting is easy to achieve
7 pages (1750 words) , Essay
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...Accounting for managers. New Delhi: V.K. Enterprises. Harrison, W., 2008. Financial accounting. London: Pearson Prentice Hall. Hendrickson, H. and William, P., 2004. Accounting theory. London: Routledge. Ingram, R., 2007. Financial accounting. New York: South-Western Cengage Learning. Kimuda, D., 2008. Financial accounting. Kampala: East African Publishers ltd. Lucy, T., 2003. Management accounting. New York: Continuum. Macintosh, N. B., 2002. Accounting, Accountants and Accountability: Post-structuralist Positions. London: Routledge. Maher, M., 2012. Managerial accounting. Connecticut: Cengage Learning Milad, A., 2009. Financial accounting. Bloomington: AuthorHouse. Narayananswamy... Finance and...
Accounting Theory : 'Satisfying multi users and their needs in accounting is easy to achieve'
6 pages (1500 words) , Essay
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...accounting. London: Pearson Prentice Hall. Hendrickson, H. and William, P., 2004. Accounting theory. London: Routledge. Ingram, R., 2007. Financial accounting. New York: South-Western Cengage Learning. Kimuda, D., 2008. Financial accounting. Kampala: East African Publishers ltd. Lucy, T., 2003. Management accounting. New York: Continuum. Macintosh, N. B., 2002. Accounting, Accountants and Accountability: Post-structuralist Positions. London: Routledge. Maher, M., 2012. Managerial accounting. Connecticut: Cengage Learning Milad, A., 2009. Financial accounting. Bloomington: AuthorHouse. Narayananswamy, R., 2008. Financial accounting... ?Finance and Accounting Introduction The birth of accountancy can be...
THE PROPRIETARY VS THE ENTITY THEORY How has your selected accounting theory contributed to the development of existing accounting practice?
8 pages (2000 words) , Essay
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...THEORY This discussion seeks to answer - How a selected accounting theory has contributed to the development of existing accounting practice? This would show how an accounting theory such as proprietary theory or entity theory could help in the development of accounting practice. The discussion focuses on the strengths, weaknesses and limitations of the proprietary and entity theories. The discussion also places these theories within the current accounting frameworks which exist in practice in the UK. Two of the concepts that are widely held and considered within accounting practice are the proprietary and the entity concepts. The proprietary theory suggests... with certain legal privileges...
'Accounting theory and methodology are a waste of time'. Critically evaluate this statement and provide examples to illusrate your answer.
7 pages (1750 words) , Essay
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...Accounting Theory and Methodology Are a Waste of Time There are various definitions of accounting theory. According to Porwal (7), accounting theory can be defined as a set of logical principles that (a) give an enhanced perceptive of existing practices to managers, investors, practitioners and other users, (b) gives a theoretical framework for measuring existing accounting practices, and (c) gives guidelines for the development of new procedures and practices. Every practice is backed by a theoretical base and in accounting there are...
The two main theoretical approaches in accounting theory are the normative approach and the positive approach. The two alternati
14 pages (3500 words) , Essay
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...Accounting Theory Table of Contents Introduction 3 Positive Approach 4 Advantages of Positive Approach 5 Disadvantages of Positive Approach 5 Normative Approach 6 Advantages of Normative Approach 7 Disadvantage of Normative Approach 8 Evidence of Positive Approach 8 Efficient Market Hypothesis 9 Agency Theory 10 Contracting Theory 11 Evidence of Normative Approach 11 Historical Cost Accounting 11 Current Purchasing Power Accounting 12 Current Cost Accounting 12 Comparison between Positive and Normative Approach 13 Relationship between Positive and Normative Approach 14...
Adv. Accounting Theory. Question is in the attached file
6 pages (1500 words) , Term Paper
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...Accounting Theories Part Accounting for Preference Shares 1 31/12 31/12 31/12 1st January it issued £25 million 2% £1 preference shares at par $ 99.98 $102.33 $104.78 $107.33 1st January 2010 it issued £25 million 2% £1 preference shares at par $ 99.98 $102.33 $104.78 $107.33 1st January 2010 it issued £25 million 2% £1 preference shares at par $ 99.98 $102.33 $104.78 $107.33 1st January 2010 it issued £25 million 2% £1 preference shares at par $ 99.98 $112.53 $115.18 $118.03 Part B. accounting treatments required IAS for financial liabilities According to the IAS 39- Accounting for financial instruments: Recognition and measurement; the standard provides the provisions for measurement... ...
Advanced Accounting Theory and Practice-Corporate social responsibility?CSR?theories
3 pages (750 words) , Coursework
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...theory maintains that a company should adopt policies that aim at satisfying numerous stakeholders because they are able to affect or are affected by the achievement of the company’s objectives. This theory regards the meaning of good management and how each individual can create value for each other. Starbuck’s involvement in CSR will help in the development of real opportunities for growth. By committing a responsible investment on the sector of the economy, the company is enhancing the social welfare of their stakeholders thereby resulting to economic growth thus enhancing the living... CORPORATE SOCIAL RESPONSIBILITY By of the of the School Corporate Social Responsibility (CSR) practices have been on ...
Accounting Theory & Pract The main motivation for corporate [social and environmental] reporting ... is to enhance corporate image and credibility with stakeholders (Adams, 2002: 244-245). Do you agree? Use a variety of accounting theories to respon
6 pages (1500 words) , Essay
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...ACCOUNTING THEORY AND PRACTICE Introduction Businesses are established so that they can achieve the set goals and objectives by providing goods and services that meet the needs of their clients in the most effective manner. Businesses owners and managers are supposed to ensure that they create credible systems that can be used to enhance accountability in the businesses. In this case, the success of any business entity depends on the proper strategies that are set and the accounting systems put in place. These systems have to be recorded at all times in the life of the business so that analysis can be made and strategies...
Issues in Accounting Theory and Practice (Case Study National Greenhouse Accounts Factor)
8 pages (2000 words) , Case Study
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...account for more than 60 per cent reported emissions. Activity 2 Scope 2 emissions are in most cases a type of indirect emission. The scope deals with activities that produce... ?Activity Contex limited is a company that rents-out tools for mining sites and constructions. It has a different division that rents out and leases motor vehicles. The CEO of the company worries that the new tax placed on carbon will affect the company’s share prices. This is mainly because there has been a drop on the share prices since the listing of Contex a year before. Regulations define emissions as the discharge of greenhouse gases into the environment, which result to scope 1 and 2 emissions. Scope 1 emissions deals with ...
Issues in Accounting Theory and Practice (Case Study National Greenhouse Accounts Factor)
8 pages (2000 words) , Case Study
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...Accounts Factor Department: Case Study National Greenhouse Accounts Factor Activity 1 Contex limited is a company that rents-out tools for mining sites and constructions. It has a different division that rents out and leases motor vehicles. The CEO of the company worries that the new tax placed on carbon will affect the company’s share prices. This is mainly because there has been a drop on the share prices since the listing of Contex a year before. Regulations define emissions as the discharge of greenhouse gases into the environment, which result to scope 1 and 2 emissions. Activity 2 Scope 1 emissions deals with a facility’s direct emission of GHG as a result of its... Case Study National Greenhouse...
INTERNATIONAL FINANCIAL ACCOUNTING AND THEORY
8 pages (2000 words) , Essay
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...Accounting and Social and Environmental Theory International Financial Accounting and Social and Environmental Theory Insert Name Insert Grade Course Insert Tutor’s Name 18 November 2011 Outline Introduction Development of Accounting Practices Social and Environmental Influences Conclusion International Financial Accounting and Social and Environmental Theory Introduction Social and environmental theory in financial accounting attempts to outline how information stakeholders and social environments are interrelated. The society can include institutions, social groups, shareholders of organizations, cultures and the society in general. The role of stakeholders... Running head: International Financial...
International Financial Accounting and Theory
6 pages (1500 words) , Essay
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...Accounting and Theory Affiliation: Introduction Contemporary accounting has emerged to be one of the diverse and dynamic concepts in financial accounting and reporting. Accounting practices of the modern times are faced with numerous factors to account for in the contemporary business environment. Social and environmental accounting is a contemporary component of accounting principles and standards. It goes beyond the formal record keeping and financial reporting to encompass internal and external information demands by accounting stakeholders in the economies. Accounting theories are primarily developed to enhance economic decision making prior to financial record... ?Topic: International Financial...
International financial accounting and theory
6 pages (1500 words) , Term Paper
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...Accounting and Theory Affiliation: Introduction Contemporary accounting has emerged to be one of the diverse and dynamic concepts in financial accounting and reporting. Accounting practices of the modern times are faced with numerous factors to account for in the contemporary business environment. Social and environmental accounting is a contemporary component of accounting principles and standards. It goes beyond the formal record keeping and financial reporting to encompass internal and external information demands by accounting stakeholders in the economies. Accounting theories are primarily developed to enhance economic decision making prior to financial record... Topic: International Financial...
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