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Topic - Current Developments in Accounting
Question 1 - Identify and describe three (3) alternatives to Historical Cost Accounting (HCA). In your description, outline the underlying assumptions of each alternative and provide examples of how each method could be applied in practice. Critically evaluate whether any of these alternatives represent a viable alternative to historical cost accounting.
Question 2 - Identify the main users of accounting referred to within the AASB/IASB conceptual framework. Does the identification of particular users within the conceptual framework have implications for the future of accounting measurement? In your response, you will need to consider the implications of the identification of particular users on the use of fair values and historical cost accounting.
Question 3 - a) Outline the advantages for accounting that could result from the development of conceptual frameworks.
b) Refer to the following journal article:?Hines, R (1989), "Financial accounting knowledge, conceptual framework projects and the social construction of the Accounting profession". Accounting, Auditing and Accountability Journal, 2(2), pp. 72-92.?Who does Hines believe has the most to gain from the development of conceptual frameworks? Compare and contrast the views of Hines with the advantages you identified in part a).
Verified Expert
This assignment focuses on historical cost accounting method. It also focuses on the main users of accounting referred within the iasb conceptual framework and how the identification of user will have implications of future of accounting measurement. In addition to this it also focuses on the advantages of accounting that could result in development of conceptual framework.
Please, can expert to reduce the price for me, below is the textbook on the subject. about to pay the money. , can you tell the expert if he or she can get a Reference from the textbook in additions to their Reference for the assignments? Will send the second assignment for the subject once this is complete. Deegan, C. (2014). Financial accounting theory (4th ed.). McGraw-Hill: Sydne. Share the 250 words for the introduction and the conclusion. Please, tell the expert as I indicated, the topic for this subject is Current development in Accounting and not Financial Accounting. Therefore the three(3) alternative to historical cost accounting are: 1. Current purchasing power accounting 2. Current cost accounting 3. Continuously Contemporary accounting. I will be great full in the expert can write on this three for the first question for me
Subject: Financial Accounting. No Of Pages/Words: 2500. Message : The topic for the subject is : Current development in Accounting. Academic Writing and Referencing - Content assessed: Conceptual framework, measurement and normative theories. Key generic skills: Research, critical thinking and written communication.
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