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Financial Accounting Theory Assignment
Reading comprehension/review of the IASB's Conceptual Framework for Financial Reporting
While the International Accounting Standards Board (IASB) shows continuous efforts to develop and update the Conceptual Framework for Financial Reporting, accounting researchers continue to critically appreciate the usefulness (benefits and limitations) of this Framework.
Requirements:
(a) Read the IASB's pronouncements (documents) and relevant information as provided in the above links, and then provide a detailed explanation of the purpose, history and development of the IASB's Conceptual Framework for Financial Reporting.
(b) Undertake a review of literature regarding potential usefulness (benefits and limitations) of the IASB's Conceptual Framework for Financial Reporting. Develop your answer by referring to at least four academic journal articles. Search those articles via CQU library databases.
(c) Describe at least 8 points that indicate your perception of the new knowledge you gathered after writing this assessment regarding the IASB's Conceptual Framework.
Attachment:- Assignment File.rar
Australian Student, total 3000 words, need 12+ references in APA Style. The template of the assignment report and the marking criteria for the above three requirements, for presentation (executive summary, introduction, conclusion and references) and for English expression are provided. Flexibility: If necessary, a student can use maximum 200 words more in excess of 3000 words (wherever necessary) to write and present this assessment item.
Guidelines - Key Key topic and the key points of what you found. Road map to your entire report stating what you searched and how you planned/progressed. Explanation of the purpose, history and development of the Conceptual Framework. Potential usefulness (benefits and limitations) of the Conceptual Framework. Wrapping-up, stating what was your purpose and how you responded to the requirements. Also include (or list) in your conclusion if any aspects of the conceptual framework appear difficult to understand. Appropriate references in the text and in the list at the end as per APA referencing guide.
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