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ACC307 Accounting Theory  

Pages : 9 | Type : Essay

Answer: Introduction A conceptual framework forms the structure of ideas and objectives that helps to create accounting rules and standards. The norms and standards that are placed in the conceptual framework describes the distinctiveness, the functions and boundaries of financial accounting and statements. This framework is also used as a basis for solving disputes in accounting.          The Statemen...

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Written By : Mark     Posted On : Apr 04, 2020     Download : 0

ACC307 Accounting Theory  

Pages : 9 | Type : Essay

Answer: Introduction  In this report, managerial pay and the impact of agency theory on the busienss have been assessed. This adverse situation will not only affect the ultimate of organization but also result to failure to achieve the set objectives and goals of company. After evaluating the past performance of company,  it is observed that the return on company is already too high which shows that if company want to grow further t...

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Written By : Mark     Posted On : Oct 25, 2020     Download : 0

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ACC307-Accounting Theory  

Pages : 7 | Type : Essay

Answers: 1.Balancing between good performance and risk management in choosing managerial pay and performance Some organizations have moved from payment related to occupation to pay in terms of performance, these have enabled employees to deliver an outstanding performance, but I have also come with several risks, for organizations to deal with this risk they have sought to make the following considerations when choosing managerial pay and per...

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Written By : Mark     Posted On : Nov 09, 2020     Download : 0

ACC307 Accounting Theory  

Pages : 6 | Type : Essay

Answer: Managerial Contingent Pay The term ‘contingent compensation’ refers to the performance based compensation used for motivating the executives or managers of a business corporation for delivering superior performance. The pay for performance part of compensation package developed for executives can include short-term bonuses or long-term compensation such as stock options or stock bonuses. The short-term incentives compensat...

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Written By : Mark     Posted On : Nov 12, 2020     Download : 0

ACC307 Accounting Theory  

Pages : 8 | Type : Essay

Answer: Case One 1. Meaning of IFRS The IFRS also known as the International Financial Reporting Standards are the standards issued by IFRS foundation and the IASB in offering common global language for the organization affaires so as an organization accounts are clearly understandable as well as comparable across the international boundaries (De George, Li & Shivakumar 2016).  Besides, the IFRS are consequence of the growing intern...

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Written By : Mark     Posted On : Dec 02, 2020     Download : 0

ACC307 Accounting Theory  

Pages : 3 | Type : Essay

Answers: 1.a. The capital structure is regarded as the amount of debt and equity that is employed by the firm to fund the operations and finance the assets. The debt and equity is regarded as the important element of capital structure because they are used to fund the operations of business, capital expenses, acquisition and other investments. There are trade-off firms that have to decide whether to increase the debt or equity and managers wou...

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Written By : Mark     Posted On : Jan 24, 2021     Download : 0

ACC307 Accounting Theory  

Pages : 10 | Type : Essay

Answer: IASB The body of the IFRS foundation and the independent body that regulates the accounting standards are termed as the International Accounting Standards Board. The IASB came into existence on 1st April 2001 in the place of the International Accounting Standards Committee. Majorly it is responsible for creating the International Financial reporting Standards. Earlier these standards were also known to be the International Accounting ...

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Written By : Mark     Posted On : Feb 16, 2021     Download : 0

ACC307 Accounting Theory  

Pages : 9 | Type : Essay

Answer: 1.a. Deontology can be regarded as an ethical theory or perspective and it is based on obligation or duty. More specifically, a deontological theory refers to a theory where the moral obligations of duties are considered as self-evident including intrinsic value and there is not any need to provide justification. As per this theory, the evaluation of the moral actions is done based on inherent wrongness or rightness rather than the pri...

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Written By : Mark     Posted On : Mar 01, 2021     Download : 0

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