However, the existence of dissimilar accounting practices can be a crucial challenge linked with the aforesaid procedure. In this similar context, ethical dilemma plays an imperative part in harmonising along with standardising the accounting standards as it concerns certain significant moral values that include honesty, reliability, durability and integrity among others. From research methodological viewpoint, both quantitative as well as qualitative research approaches have been taken into concern. Moreover, valuable data associated with this research study has been collected through the execution of structured interviews in the form of questionnaires that has been administered to the officials of the companies following different accounting standards like IASB and IFRS among others. Besides, hypothesis testing by utilising a statistical tool of correlation as a form of meta-analysis has also been considered for this particular research study. Table of Contents Abstract 2 Chapter 1: Introduction 5 1.1Background 5 1.2Research Problems 6 1.3Research Aims and Objectives 7 1.4Methodological Overview 8 Chapter 2: Literature Review 10 2.1 Importance of Standardization and Harmonization of Accounting Standards 10 2.2 Advantages of Standardization and Harmonization of the Accounting Standards 12 2.3 Challenges of Standardization and Harmonization of the Accounting Standards 14 2.4 Role of Ethical Dilemma in Standardization and Harmonization of the Accounting Standards 15 2.5 External Influencing Factors to Support or To Oppose the Benefits of Standardization and Harmonization 17 Chapter 3: Research Methodology 19 3.1 Research Design 19 3.2 Data Collection and Evaluation 22 3.3 Ethical Consideration 24 Chapter 4: Findings 25 4.1. Benefit of Standardisation and Harmonisation to Its Users 25 4.2 Benefits Accordingly Achieved by Companies in the Recent Phenomenon 26 4.3. Role of Ethical Dilemma in Obtaining the Benefits from Standardisation and Harmonisation 29 4.4. External Influencing Factors to Support or To Oppose the Benefits of Standardization and Harmonization 30 4.5 Hypothesis Testing 37 Chapter 5: Discussion 40 5.1. Reasons or Motivations behind Standardisation and Harmonisation of the Accounting Standards 40 5.2. Advantages and Challenges of Standardization and Harmonization of the Accounting Standards 43 Chapter 6: Conclusion and Recommendations 49 References 53 Bibliography 61 Appendix 64 Chapter 1: Introduction 1.1 Background The perception of standardisation is fundamentally described as the process of creating uniform business methods throughout different locations or divisions. This particular concept tends to diminish the jeopardy of failure by consistently complying with the business related operational expenditures as well as the performance based objectives (Richen & Steinhorst, 2005). Relatively, the conception of harmonisation is commonly described as the adjustment of the inconsistencies or the differences prevailing amid various business policy standards, procedures, specifications and protocols (NSCA, n.d.). Contextually, the Accounting Standards (ASs) are primarily recognised as the specific guidelines which are duly authorised by the skilled professionals relating to any accounting, regulatory or government body. The ASs comprises the significant
Contemporary Study of the Impact of Standardization and Harmonization of Accounting Standards Abstract The significant aspect of harmonisation and standardisation of different accounting standards impose considerable impact upon several business companies…
Researchers have devoted a lot of attention to CEO duality and firm performance. However, for Kuwaiti companies, this area has yet to be explored. The present study explores the relationship between CEO duality and firm performance in the Kuwaiti context. The conclusion reached in this research work is that financial performance and CEO duality have a negative relationship with each other.
The research question has been chosen to be “What are the impacts of the Data Warehousing and OLAP Models on Management Accounting?” along with few assumptions. To analyse this question, qualitative data in the form of questionnaire were collected from specific participants who are directly involved in such OLAP and data warehousing systems.
Personal income taxes are paid by individuals whilst corporate taxes are paid by companies (Fuest and Riedel, 2009). The taxes are paid as a percentage of the income or the profits of entities. The UK Governments risk losing UK businesses to other jurisdictions if they impose extremely high taxes (Blankson, 2004).
The Enron Scandal: The Failure of Arthur Anderson and Its Impact on the Accounting Policy Abstract The project is related to the misrepresentation of financial statements of Enron by Arthur Andersen. The main objective of the project is to determine the various reasons which are responsible for the collapse of Arthur Andersen.
States (Nagy, A. L. 2005). Leases are very common in the economic turnover of enterprises, organizations and individuals. Leases are found in the activity of virtually every entity and individual entrepreneurs. The lease gives up and taken it all: property and land, vehicles and equipment, and even entire businesses.
By endorsing Hofstede’s work, he concluded that Asian cultural background is significantly related to students’ ability to use academic library services and recommended that academic libraries should work on highlighting the impact of cultural background in use of library
The accounting and financial statement of the firm provides the information which speaks about the performance and changes in the financial position of a company. This accounting and financial statements are useful to a wide range of users and helps in making economic decision
Research design and methodology 16 5. References 17 1. Introduction: The era we are living today is recognized as the information age. Information system has evolved in such a way that today every aspect of human life has started to be relied on this system.
When the whole system is in harmony and in synchronization, the small change gets distributed easily and rapidly. The accounting standards for the Small and Medium Scale Enterprises (SME) are going through such a phase of standardisation. Instead of following the GAAP or the full IFRS standards, the UK Small and Medium Scale Enterprises are adopting new IFRS standards designed and customised for SMEs only.
24 pages (6000 words)Dissertation
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