Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Content assessed: Accounting regulation and topic(s) that your research is related to.
Key generic skills: Research, critical thinking and communication.

problem 1

Find the comments letters received on the present exposure draft or proposal for a new accounting standard. (These could be found on websites of most standard-setting organisations, like IASB, AASB and FASB. Hint: These websites could be quite difficult to navigate, so as first step try typing “IASB comment letters”/”FASB comment letters” into google or other search engine of your choice).Read a sample of the comments from a range of respondents. Try to aim for between two and four respondents, for ex, from accounting bodies, industry, companies or corporate bodies. If you are having a problem finding suitable comments letters then contactShibly Abdullah(SAbdullah@studygroup.com) Include copies of the comments letters you wish to discuss and complete the following tasks:

1. describe in your own words the issues that exposure draft/proposal and comments letters are dealing with.

2. Is there agreement among different groups? describe the issues where there is agreement/disagreement and provide exs.

3.In your opinion, which of the three theories of regulation (like, public interest, private interest or capture theory) best describes the comment letters? Justify your answer. Adapted from Rankin, Stanton, McGowan, Ferlauto and Tilling (2012).

problem 2

Find a newspaper article or web page report of the item of accounting news, i.e. it refers to a present event, consideration, comment or decision that has been published after June 2013. Your article can also come from one of the professional journals like 'Charter'. The article must not come from an academic journal. Academic journals generally don’t contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. If you are having a problem ensuring that your article is from an suitable source contact Shibly Abdullah (SAbdullah@studygroup.com).

Describe the article which you have found in your own words and clearly relate concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. Like, the Australian Financial Review article contained in your readings could be linked to topics like Ethics, Accounting regulation and politics and Normative accounting theories (conceptual framework projects).

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92737
  • Price:- $70

Priced at Now at $70, Verified Solution

Have any Question? 


Related Questions in Accounting Basics

During the year mr ashok sold his private car for 50000 and

During the year mr. ashok sold his private car for 50000 and this amount invested in business he withdraw from business 1500 per month up to july 31st 2011 and thereafter 4500 per month as Drawing you are required to pre ...

B bakery is a family owned firm with around 70 employees

B Bakery is a family owned firm with around 70 employees and sales revenue increased to more than $ 13.5 million during the past year. It has been in business for over 50 years and supplies bread and confectionary produc ...

Accounting for managers- shareholders and lenders whilst

Accounting for Managers- Shareholders and lenders, whilst not being the only stakeholders, provide capital to companies because they seek a return commensurate with the level of risk that they are willing to take. You ar ...

Case study -you are auditing the financial report of best

Case Study - You are auditing the financial report of Best Living Supplies Ltd (Best Living Supplies) for the year ended 30 June 2016. Best Living Supplies sells a wide variety of household products to retail outlets. Al ...

Q1 the 2014 balance sheet of sugarpovas tennis shop inc

Q1. The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed long-term debt of $2.9 million. The 2015 income statement showed an interest expense o ...

1 many programming languages allow you to use to force an

1. Many programming languages allow you to use ____ to force an expression to evaluate first. A) a pound sign B) an asterisk C) parentheses D) quotation marks 2. At the beginning of any method, it is the programmer s res ...

Individual case study assignmentcash flow forecasts and

Individual Case Study Assignment Cash flow forecasts and projected financial statements For the following Individual Case Study, you assume the role of someone who has been asked to provide a Business Report for a group ...

Question 1problem a if the ceo wants to plan expansion in

Question 1: Problem A If the CEO wants to plan expansion in two new states, which should he choose, and what is the expected total cost?   Declining Same Improving EMV State 0.25 0.4 0.35   Kentucky 22 19 15 18.35 Maryla ...

Problem - cwt lawyers pty ltd started to operate in 2015 in

Problem - CWT Lawyers Pty Ltd started to operate in 2015 in Melbourne. CWT advises clients on legal issues relating to commercial contracts, ASIC compliance, Trade Practices and Corporations Act requirements, business st ...

Discussionpart 1please respond the following question no

DISCUSSION PART 1 PLEASE RESPOND THE FOLLOWING QUESTION NO LESS THEN 350 WORDS (ORIGINAL WORK, NO PLAGIARISM, 1 Reference "Financial Statement Analysis" Please respond to the following: • Evaluate at least factors that m ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate