TACC615 Professional Accounting Capstone Assignment

Reference no: EM132856954 , Length: 1600 Words

TACC615 Professional Accounting Capstone - Australian National Institute of Management and Commerce

Discussion 1:
Refer to case study 2 in the Ethical Case Studies: Fortunesareus Ethical Scenario and address the questions at the end of the case study:

1. What are the readily identifiable ethical issues for your decision?

2. Who are the key parties who can influence, or will be affected by, your decision?

3. What fundamental ethical principles for accountants are most applicable and is there an apparent conflict between them?

4. What would you do?

Discussion 2: Select one or both of the questions below to discuss:

1. To what extent can, or should, accountants play a role in enhancing non-financial/extended reporting?

2. Different extended report frameworks are designed for different groups of stakeholders. Assuming accountants play a role in extended reporting, which stakeholders should they focus on?

Discussion 3:
Assume you are a financial reporting consultant, and have been asked to advise "Top flights limited" on how climate change risk should be integrated into their 31 December 2020 financial report.

Your advice should be based on the readings and resources identified at the end of the week 5 lecture, with additional research.

Discussion 4:
Based on this weeks readings and lecture, answer the following question: How are accounting judgments regarding internally generated intangible influenced by accountants' heuristics and biases?

Discussion 5:
After reading the additional article: "Dick Smith Inventories: The Evidence of Accounting Irregularities Jeffrey Knapp and Per Tronnes", and considering your previous learnings in this unit, discuss: To what extent are financial reports providing relevant and timely information to stakeholders? What could accounting standard setters consider to improve this situation?

Discussion 6:
According to the ACCA 2019 report Social and environmental value creation "As the demands have become more precise and increasingly strategic, there is a clear role for finance teams to be more engaged in the creation of sustainable value." Based on this report, other readings from this unit and other research, identify specific ways that business model innovation can embrace social and environmental value creation. Include examples of current businesses adopting this approach.

Discussion 7:
Globalisation offers opportunities to the accounting profession and to you as a finance professional. Reflect on the opportunities, and how you will seek to take advantage of them?

Discussion 8:

PART 1: KNOWING YOURSELF
The first step in planning your career is evaluating and understanding where you want to go. Complete the activity below starting with where you are now and what your career goals are along the way to your end goal:

DEVELOPMENT
Through your self assessment you may have identified particular skills or areas of knowledge you wish to develop. What are these?

PART 2: EXPLORE POSSIBILITIES
What possibilities or career pathways are attractive to you. Consider your self-assessment outcomes and future.

PART 3: MAKING CHOICES

Consider the suitability of each option and decide which one is the best match to your aspirations and workforce needs. Before making the decision, consider also:

1. What are the perceived barriers/obstacles and how can they be overcome
2. Outside work commitments
3. The level of involvement required
4. Which of my options responds best to my employer and workforce needs?

PART 4: MAKE IT HAPPEN
In order to achieve your goals you need to have an agreed course of action. You and a trusted mentor/friend need to have a clear understanding of what steps you will be taking and the commitment needed by both.

You are now ready to detail who has to do what to make things happen.

Do each discussion in 200 words

Attachment:- Rising to leadership.rar

Reference no: EM132856954

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TACC615 Professional Accounting Capstone Assignment : TACC615 Professional Accounting Capstone Assignment Help and Solution, Australian National Institute of Management and Commerce - Assessment Writing Service

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