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ACCT 20074 Contemporary Accounting Theory

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Assessment 2: Group Task for 30 marks (30% of the unit) Due date: Week 8 Friday (13 September 2019) 11:45 pm AEST 

Research topic: Thomas Samuel Khun (1922-1996) in his book The Structure of Scientific Revolutions (1962) introduced remarkable contributions of his research by explaining that theories that develop in different time periods suffer from certain failure of comparability and given the situation new theories are developed as a process of revolution, not evolution. The "paradigm" that Kuhn introduced to explain the development of theories has been cited or used by a number of researchers to explain the history of accounting. Professor Ray 1 Chambers, an Australian academic, introduced several revolutionary concepts in accounting to overcome the failure of conventional accounting concepts, recognition principles or measurement bases for reporting a true and fair view of financial realities in corporate financial reports in his contemporary period. However, in view of the Kuhn's theory regarding the Structure of Scientific Revolutions, Chambers' works (concepts, contributions and suggestions) may again be criticised in the new era of revolutionary development in accounting and financial reporting. Major requirements: i. Undertake a review of literature to discuss what Kuhn's explained about the paradigm and structure of scientific revolutions. ii. Explain Chambers' revolutionary contributions in accounting in the eras of normative and positive accounting. iii. Critically appreciate how Chambers has been accepted or criticised in his contemporary period and in the era of reforms in accounting (financial reporting) in the twenty-first century. This is a group task. Each group should consist of 3 to 4 students. This assignment will be marked on the basis of demonstrated arguments, examples, correct references, appropriate grammar, readability as well as structure of the report, and evidence of contributions to the group. Group members are 

 

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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ACC702 Management Accounting

Required:Identify the major differences in the cash flow statements for these two years. You need to specify whether this involved a cash inflow or outflow. Do you think there were any worrying signs for the overall cashflow of this healthcare organisation in these figures? Explain your answer. ...

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Financial or Accounting

In this assignment, you are a worker for the company Wesfarmers Limited. you need to calculate key ratios for wesfarmers from years 2015, 2016 and 2017 and ratios for woolworths (same years) and make a comparison. After the comparison has been made, you will need to provide recommendations for Wesfa ...

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ACC499 Undergrad Accounting Capstone

Questions: Financial statements are reports that summarize all the accounting transactions that have taken place during a specific period of time.Choose a publicly held company and, using the Internet, review its most current annual report. Evaluate the health of the corporation you picked based ...

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