RESEARCH ESSAY TOPIC
'In recent years there has been numerous signs in the literature of accounting of an increasing awareness of the need to develop a framework of accounting theory against which the procedures and practices of accountants in their everyday work may be measured and assessed. Not a few writers and practitioners appear to regard this as one of the most urgent of the required developments in the whole area of accounting.'
(Goldberg, L., 1965, 'An Inquiry Into The Nature of Accounting, American Accounting Association, Monograph No. 7, State University of Iowa)
1. Briefly describe the significant events in the development of the framework in the past 48 years.
2. Discuss the present IASB framework
3. Select a standard and analyse how the framework has had an affect on its development.
4. Select a company from the Australian Securities Exchange website and download the most recent annual report. Evaluate the influence on disclosure of the framework with regard to your company.