Financial Accounting Theory & Practice Assignment

Learning Outcomes

1. Identify the social and corporate imperatives that underlie the accounting conceptual framework

2. Explain the relationship between accounting theory, the accounting conceptual framework and accounting standards

3. Work individually and in groups to identify and apply appropriate accounting standards to a range of authentic accounting scenarios

Question:

Provide a critique on the extent to which Spencer and Webb (2015) discussed the fundamental characteristics of financial information in the disclosures for operating leases. You are expected to refer to the fundamental characteristics of financial information as set out in the Australian Accounting Standard Board's (AASB) Framework for Preparation and Presentation of Financial Statements.

Attachment:- Assignment File.rar