ACC5001 Financial Accounting and Reporting Assignment

Assignment Help Financial Accounting

Reference no: EM133019244

ACC5001 Financial Accounting and Reporting - University of Bolton

Accounting Standards / Accounting Framework

Learning Outcome 1: Establish why accounting regulations are needed, outline the history of accounting regulation and the affect accounting regulations have on the content of financial statements and build on your employability skills in the area of communication.

Learning Outcome 2: Use a variety of sources of information and communicate information in a comprehensible manner and build on your
employability skills in the area of communication.

Assignment Brief:

TASK

The widespread adoption of International Financial Reporting Standards (IFRS) around the world has opened many studies analysing different views on the mandatory or voluntary IFRS adoption. In order to achieve the expected benefits of IFRS adoption, with regard to enhanced comparability and transparency of financial reporting, the adoption of IFRS should result in the improvement of accounting quality. However, even though more than 140 countries adopt IFRS in some forms, its impact on the quality of accounting information remains inconsistent.

Required:

Discuss and evaluate the impact of the transition from the national accounting standards to IFRS on accounting quality.

Attachment:- Financial Accounting and Reporting.rar

Reference no: EM133019244

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