Answer: Introduction In general, the concepts associated to the conceptual framework is identified with several factors which are used by the businesses for financial reporting. The main aspects of the conceptual framework used by the business relates to the presentation of annual reports of an organization. The information provided in the conceptual framework is identified to be conducive for solving number of business problems which may be ...Read More >>
Answer: Introduction: In the current business environment, the importance of the conceptual framework for financial reporting is immense for developing the financial statements. The organisations are provided with all the significant course of action coupled with the doctrines and techniques required for the preparation of the financial statements (Cajaiba-Santana 2014). Besides, with the help of the application of techniques and doctrines of...Read More >>
Answer: Introduction: In order to prepare the financial statements, the conceptual framework related to financial reporting is significant for the business organisations in the recent times. This is because it delivers considerable course of action along with the techniques and principles needed to develop the financial reports ( Barth 2015). Along with this, the conceptual framework could help in resolving various issues of the business organi...Read More >>
Answer: Introduction A primary feature of a sustainability report is that it should represent a reasonable and balanced presentation of the sustainability performance of the organization that essentially involves both the positive and the negative contributions. In order to understand the primary features and guidelines in which a sustainability report must be prepared, the concept of sustainability reporting must be understood. Sustainabilit...Read More >>
Answer: The report aims to analyze the present social issues in accounting and also evaluating the impact on the stakeholders. Some of the main discourse of the study has included the present state of sustainability reporting for Nestlé. It has included the key details about current issues and practices which has explained the implications for various stakeholder in relation to financial decision-making. The key performance indicators o...Read More >>
Answer: Part One: Brief Overview From the analysis of the article named “Accounting as Reality Construction: Towards a New Epistemology for Accounting Practice” by Gareth Morgan, it can be observed that the main argument in this article is related to the fact that the accountants use to construct the accounting reality in limited as well as one-sided way (Morgan, 1988). This article indicates towards the fact that the concept...Read More >>
Answer: Introduction The purpose of the assessment is to report on the essential requirements of conceptual framework of accounting which every accounting professional needs to follow in order to ensure that the financial statements of the business are represented in efficient way. The conceptual framework is based on the framework which was introduced by International Accounting Standard Board (IASB). The conceptual framework was developed f...Read More >>
Answer: Corporate reporting is taking a whole new twist in the financial markets by companies that are listed in the stock exchange. Rezaee (2004) identifies that Integrated Reporting is gaining ground in the field of financial reporting due to the unprecedented ills of other means of conventional reporting and other financial scandals that hit the reporting systems thus culminating lack of confidence in the financial reporting systems. Robert...Read More >>
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