Write about positive accounting theory

Reference no: EM131499554 , Length: word count:2000

Accounting Theory Assignment

Assessment Description

You are required to complete the assessment task noted below as a word document.

Please choose one topic out of the topics listed below and write an essay.

Please keep in mind that a significant proportion of your marks will be weighted how well you integrate your research into your essay.

TOPIC 1: Positive accounting theory

"Explain the difference between (PAT) and normative accounting theory (NAT) and the factors that led to the development of PAT of accounting policy choice. Use examples where appropriate to do so.In setting accounting standards which of these accounting theories (positive or normative) would be applied? Explain your answer clearly giving reasons for your choice.

TOPIC 2: Sustainability and environmental accounting

During a Government inquiry, several years ago, a leading accounting body, made a submission into corporate social responsibility. It showed that that while there was strong public support (over 78%) and shareholder support (above 85%), for making businesses provide social and environmental reporting. These results were not reflected in opinions held by business leaders, who had just over 50% support. The leading accounting body felt that compulsory reporting would not enhance the value of the information provided and create unnecessary regulation. "Given that sustainability reporting is not mandatory, preparing such reports is simply a waste of resources."

Discuss this statement, and explain what advantages do companies think they have in issuing sustainability reporting?

TOPIC 3: Regulation of financial accounting:

In an article discussing relevance IFRS to developing countries by Chand and White (2007), they state that, while the forces of globalisation and convergence are moving accounting practices towards a unified or at least harmonised regulatory framework for financial reporting, this is unlikely to best serve the diverse interests of the disparate user groups of financial reports. What do you understand by harmonisation as opposed to standardisation in relation to financial accounting? Explain your answer using examples where appropriate to illustrate your point.

Write on TOPIC 1: Positive accounting theory.

Reference no: EM131499554

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Reviews

len1499554

5/17/2017 8:52:09 AM

Australian student, 2000 words, please write on TOPIC 1: Positive accounting theory. Submit your answer electronically through turn it in, within LEO; Instructions are on LEO. Any work which has been copied or shared among students will result in a Fail grade for all students concerned. This assignment must be in your own words and not copied directly from any source. Content is comprehensive, accurate, and persuasive. Course readings play comprehensive role in making points/developing arguments. Major points are stated clearly and are well supported. Research is excellent, timely (incorporates news/current events) and addresses course concepts. Content and purpose of the writing are clear.

len1499554

5/17/2017 8:52:04 AM

Structure of the assignment is clear, easy to follow and interesting to read. Introduction provides an abundance in background information on the topic and previews major points. Paragraph transitions are present and logical and maintain the flow of thought throughout the paper. Conclusion is logical and flows from the body of the paper and is impacting on its final message Assignment is the appropriate length as described for the assignment. Citations and references are used appropriately. There are no mistakes in using the Harvard style for referencing. Rules of grammar, usage, and punctuation are followed; spelling is correct. Language is clear and precise; sentences display consistently strong, varied structure.

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