Reference no: EM131592065 , Length: word count:500

Financial Accounting Written Decision Case

This assessment item assesses the following learning outcomes: 

Knowledge & Technical Skills (KS) - Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods. 

Higher Order Thinking Skills (HO) - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.

Purpose: Critical thinking  skills are highly valued in business. This is particularly true for accountants who are often tasked with suggesting solutions where there is no uncontested or objective answer to the problem they are faced with. This assessment item is intended to develop these skills. 

Decision Case for next week

ASX Listing Rule 3.1 requires a listed company to immediately notify the ASX of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities.

a. In your view what were the reasons for the introduction of continuous disclosure regulation in Australia?

b. Discuss and analyse the current continuous disclosure regulations, including a discussion about the differences between continuous reporting and more frequent reporting, the advantages and disadvantages of continuous reporting, refer to recent legal decisions where appropriate.

c. Based on your analysis and research do you support the ASX with the introduction of this rule or do you take the position of many CEOs who feel that it is too much of a burden.  Give brief support for your recommendation.

Assignment Files -

https://www.dropbox.com/s/6z9vhonc2j6biqr/Assignment%20Files.rar?dl=0