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The primary focus of the assessment is to formulate a detailed study regarding concepts of measurement and the relevance of the same in the process of accounting. The accountants consider measurement of financial information to be an integral part of the accounting system. The assessment would be looking into the IASB framework for the purpose of reporting and measuring financial aspects of the business (Reports. 202...
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As discussed by Fuenfschilling & Truffer (2014), the conceptualisation of Institutional theory deals with various aspects of social structure. The main consideration under this theory incorporates processes by which routines, structures, authoritative guidelines, and schemes are established as an authoritative guideline for social behaviour. Several components in the institutional theory is conducive in statin...
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1). Classical economist adheres to the ideology that there should be extensive freedom of market. However, they still particularly acknowledge the role of the state in providing for the common good. In the same perspective, the theory also argues that it in some circumstances, the market does not act as the best platform to serve the common interest. Likewise, JB Hi-Fi from its remarks points out that it is more inclined towards competit...
1.The classical political economy theory initiates in the analysis of the manufacturing, distributing, and exchanging the goods and the services in the societies of market. According to the classical thinkers the economic growth has determinants that consists of is human skill, labour specialization, trade expansion of markets and various techniques for improvements of the productivity (Onions, 2017). It can be assumed that mo...
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In advance of the event the corporation has declared its presentation that includes update regarding trading. And it can be from decreased share price that the update regarding trading was not overly positive (Tucker, 2017). As per published report, sales growth in the third-quarter for JB Hi-Fi stores has declined since the period of closing of the second-half of the financial year. That segment witnessed sales in...
Classical economic political was developed by Adam Smith who is considered one of the fathers of economics. He is known for advocating for a non-capitalist society for institutions. He envisaged a situation where the government and another stakeholder only operated as night watchmen for the organization. For him, organizations were supposed to run professionally without influence from external actors. The external factors that his ...
1: Your answer is written here. According to the classical political economy theory adequate relevant measures needs to be conducted by individuals and organisations for minimising the implementation of regulations by governments. The classical political economy theory directly explains the relevant measures that needs to be taken by organisations in the current era for nullifying the responses from appropriate authority such as ASX...
Question 1: Use Classical Political Economy Theory to explain JB Hi-Fi’s decision to release its profit downgrade in the way it did. Make sure you explain what Institutional Theory is, and support your observations with evidence from the case study.
Answer: Your answer is written here. Evaluating the decision made by JB Hi-Fi under the lens of Classical Political Economy Theory directly indicates the viable option conducted by t...
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