Reference no: EM132309158 , Length: word count : 2500

Assignment : Group Report

Introduction (no more than 2 paras)

• What the report is about:

• company background

• It's integrated report disclosure

• The newspaper story

• Accounting theories (theory) relevant to the story

• Conclusions and lessons

Body of analysis

• Company background in detail, what does it do, its business nature, its operating environment, its history, and its relationships with different stakeholders that may be mentioned in the newspaper story

• What's in the newspaper story - a short summary, but don't plagiarise, synthesis the story in your own words; focus on the accounting prospects on which you can build your accounting arguments

• Discussion of the CSR framework, give an overview in the literature

• Focus on integrate reporting - need to give a detailed account of what's required in this framework: what is the focus? That element closely relates back to your newspaper story

Theoretical analysis

• Choice of theory or theories

• Why it is relevant to your story

• Describe the theory and its predictions (5-10 academic references)

• Pick and choose the literature that covers the predictions that are directly relevant to your story

• Based on the literature, explain, why the firm's integrated reporting framework addresses the social/technical/accounting problems identified in the news piece

o In this explanation, you need to first discuss what the IR is, what disclosures are mandated in this framework

o How would the IR framework, its disclosure requirements benefit the firm, particularly when the firm is subject to the crisis/situation exposed by the news article.

• From the analysis, what comments can you give to our existing financial reporting framework?

Conclusion

• Summarise the impacts of CSR reporting, its pros, cons to business reporting, as an alternative framework to IFRS reporting framework.

• Suggestions to the reporting standard level, do we (not) need accounting regulations? Why and why not? What improvements on financial reporting can you suggest?

Assignment Purpose: To allow students to demonstrate the application of knowledge and skills acquired in the subject. It also allows students to further develop teamwork skills that are expected in a modern professional accounting practice. This assessment relates to learning outcomes a, b, c and d.

Topic: Identify and apply theories and models in accounting to a current topical issue related to a corporation of your choice from a list of corporations provided (note approval must be sought from your lecturers and tutors). You are required to demonstrate your understanding of your chosen accounting theories to matter current to the approved corporation by reference to published material from the corporation and other related sources.

Task Details: Choose a firm from a list of corporations provided by your lecturer! tutor, then find a news piece related to your chosen firm's Corporate Social Responsibility (CSR) issues. Identify and rationalise with appropriate accounting theories, the motive, effectiveness and impact of the firm's CSR disclosures in addressing these issues. Based on the case findings, groups must make recommendations on CSR reporting at the corporation level as well as at regulatory level.