Accounting Theory and Contemporary Issues

Introduction to Accounting Theory and Contemporary Issues

The information on the different types of sources to be used are going to be managed here and in this aspect a better kind of idea will be generated. This will help in making a better kind of situational analysis. 

a) The purpose of the report

The importance of the IFRS process and points of views have to be managed as well. This is going to helping deriving and giving better recommendations for adopting decisions regarding IFRS acceptance. This is going to be stated whether it is going to be a gradual conversion or it is a different type of adaptation to meet the requirements properly.

b) The audience of this report

The management team of the Indonesian MoF is going to be the audience.

c) The Key Decisions

The process is related to considering the IFRS for a single time or for a proficient period and in this process a better kind of situation will evolve where the possibility of changing the situation is going to be considered with most priority.

d) The information which would help to make these decisions

There are many considerable options, which will help in making a situational analysis, which will help in making a significant change in the business development process. Some of the procedures are IFRS adaptation in context to the economy of Indonesia, considering different options that can be used as a proper substitution for IFRS, and different counter arguments related to the IFRS. Apart from this there will be a considered aspect related to the global future position process, which is also important for better understanding of economic environment.

e) The Keywords which should be used to search for information for this report

The considerable options for searching the keywords are given in the following segment.

  • IFRS
  • Future global position
  • Convergence
  • Alternative accounting rules
  • One-off adaptation
  • Cost and benefit

Conclusion on Accounting Theory and Contemporary Issues

The aspects related to IFRS and the source analysis has been detailed for better understanding of what will be discussed in the second part of the report.

Source 01

Full citation of resource

Abiodun, J.O. and Asamu, K., 2018. Comparative analysis of the pre and post adoption of IFRS on performance of listed manufacturing companies in Nigeria. Soc Sci5(1), pp.85-105.

Author’s credentials

Job-Olatunji and Kehinde Asamu are professorts of the accounting department of D.S Adegbenro, ICT Polytechnic. They are the masters level teachers and has a good reputation of being a professor. The university is situated in Nigeria, Itori- Ewekoro of Ogun State.

Author’s intended audience

the researcher has mainly written the research paper for the students of masters level but they have also considered the other aspirants who are looking for an idea of accounting subject.

Author’s main argument(s)/main idea(s)

The author mainly considered the importance of the organisations that have adopted the IFRS process in order to make some justifies assessments in their internal ambience. It is seen that the business development process and the generation of different types of management theories have been considered as well. This is the best thing to be considered in order to make some justified assessments of the scenario.

What evidence is provided to support the argument/idea? Give specific examples

In the research, it is seen that the people have conducted a proper Z test to make a justified assessment of the IFRS adaptation process. The profitability analysis and the basis of earnings have been analysed in the article as well in order to make a significant assessment of the conducted as well.

Does the source raise any questions you need to answer or have connections to other sources you have seen? (For example, it supports or contradicts them) If so, name the sources.

The following article has been used for analysis of the IFRS adaption process in Nigerian organisations and the resource is given in the following segment. 

Edeigba, J., Gan, C. and Amenkhienan, F., 2018. The effects of organisational culture on IFRS adoption: Evidence from Nigerian'companies.

Conclusion (overall value of the resource and use in the report)

The overall analysis has been done on the development of a detailed idea related to IFRS and a situational assessment that has been done to make a justified recommendation for better situational development. The most of the cases issues regarding the benefits of proper analysis has been done in order to make a productive situational assessment.

Source 02

Full citation of resource

Abeysekera, I., 2013. A template for integrated reporting. Journal of Intellectual Capital, Vol. 14, no. 2, pp.227-245.

Author’s credentials

Indra Abeysekera is one of the professors of the Charles Darwin University in Australia. He is not only the professor of the university but a chairperson as well. he is one of the core members of the Ernst and Young. He is also a professor of Central Queensland, Shanghai University and International Business and Economics. He has written different books like Earnings Quality and Corporate Social Disclosure: The Moderating Role of State and Foreign Ownership in Vietnamese Listed Firms, The effect of board diversity on earnings quality: An empirical study of listed firms in Vietnam’ and ‘Effect of non-IFRS Earnings Reporting Guidelines on Non-IFRS Earnings Reporting Quality: The Case of Australian Listed Firms’.

Author’s intended audience

The management and school students are the most important people for the professor to be considered because it is written for them only.

Author’s main argument(s)/main idea(s)

The business management planning is a better kind of option to be considered by the service providers who are looking for a proficient assessment of the market. In this context the business providing organisation must think of making a change in the situation for better assessment of the scenario which is going to have a productive impact on the business development process. The main condition of the company needs to be analysed and with the help of that a better kind of situation will arise as well thus a situational management is going to be done as well for proper kind of business development process. This is the most important thing to be considered and with the help of that, the market related opportunities can be understood as well.

What evidence is provided to support the argument/idea? Give specific examples

In this context, the example of admiration of integrated reporting has been considered from the end of King III.

Does the source raise any questions you need to answer or have connections to other sources you have seen? (For example, it supports or contradicts them) If so, name the sources.

There are many things that source has to offer. It has connection with other sources as well and one of them is

Collis, J., Jarvis, R. and Skerratt, L., 2017. The role and current status of IFRS in the completion of national accounting rules–Evidence from the UK. Accounting in Europe14(1-2), pp.235-247.

Conclusion (overall value of the resource and use in the report)

The resource is significantly valuable and it is seen that the resource has provided an in-depth detail of the importance of the topic and it has provided the best kind of ideas associated with the business development process. In this manner a better situation of understanding has been developed.

Source 03

Full citation of resource

De George, E.T., Li, X. and Shivakumar, L., 2016. A review of the IFRS adoption literature. Review of Accounting Studies21(3), pp.898-1004

Author’s credentials

Emmanuel T. De George and Lakshmanan Shivakumar both are the professors of the London business School and they are one of the celebrated names in the college and academic segment. Xi Li is also a professor of the Fox School of Business of Temple University situated in Philadelphia

Author’s intended audience

The author is looking for a view from the people who are one of the researchers who are looking forward to make a research on the IFRS and the related aspects of it.

Author’s main argument(s)/main idea(s)

The importance of the aspects related to the IFRS is going to be detailed and the different countries’ implementation process and thinking about the aspect is detailed as well. In this manner a better analysis of the situation is going to be considered as well and with the help of that a proper understanding is going to be developed as well. Author needs to think of the issues associated with the IFRS inclusion process in the economic ambience and the management process that has been considered as important for understanding.

What evidence is provided to support the argument/idea? Give specific examples

the researcher has detailed about the ideas associated with the development of economic ambience and the process of quality management with incorporation of IFRS has been provided as well. This is the most important thing to be considered and with the help of that a better analysis can be detailed which is going to make a justified assessment of the conditions. The different survey related information has been provided as well which is going to give a productive detail as well.

Does the source raise any questions you need to answer or have connections to other sources you have seen? (For example, it supports or contradicts them) If so, name the sources.

it has considered the different aspects and udsing process of the IFRS and the source has detailed about the processes that are related to the business management process. Some other souyrces related to it is

Sinnewe, E., Harrison, J.L. and Wijeweera, A., 2017. Future Cash Flow Predictability of Non‐IFRS Earnings: Australian Evidence. Australian Accounting Review27(2), pp.118-128.

Conclusion (overall value of the resource and use in the report)

The information on IFRS has been given and it has detailed in a significant manner with the business management process and with the help of it a better kind of detailing has been done as well. The importance of IFRS has been detailed with proper use of other sources.

Reference List for Accounting Theory and Contemporary Issues

Abeysekera, I., 2013. A template for integrated reporting. Journal of Intellectual Capital, Vol. 14, no. 2, pp.227-245.

Abiodun, J.O. and Asamu, K., 2018. Comparative analysis of the pre and post adoption of IFRS on performance of listed manufacturing companies in Nigeria. Soc Sci5(1), pp.85-105

Collis, J., Jarvis, R. and Skerratt, L., 2017. The role and current status of IFRS in the completion of national accounting rules–Evidence from the UK. Accounting in Europe, 14(1-2), pp.235-247.

De George, E.T., Li, X. and Shivakumar, L., 2016. A review of the IFRS adoption literature. Review of Accounting Studies21(3), pp.898-1004

Edeigba, J., Gan, C. and Amenkhienan, F., 2018. The effects of organisational culture on IFRS adoption: Evidence from Nigerian'companies

Sinnewe, E., Harrison, J.L. and Wijeweera, A., 2017. Future Cash Flow Predictability of Non‐IFRS Earnings: Australian Evidence. Australian Accounting Review27(2), pp.118-128

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