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This assessment is designed to allow students to identify relevant sources for their research and undertake review on a theoretical concepts/constructs that has real world business implications. This assessment relates to Learning Outcomes a, b and d 


This article collections and structured review set a basis for literature review section of Research Proposal in Assessment 4. 


Following consultation with the lecturer or tutor, the students research the field to find four academic articles relating to the research topic as proposed in Assessment 2. The articles must be from 2010 onwards, and all articles must be full papers (not research note or book reviews) sourced from refereed academic journals. 


Note: Other than in exceptional circumstances. Assessment 3 will set the foundation for literature review of Assessment 4. PRIOR to its inclusion in Assessment 4 Research Proposal, students will be expected to make appropriate adjustments if recommended in feedback.  

  1. Brief summary of the theory and progression in the field (i.e how has the theory developed)
  2. Common themes/findings across the four articles
  3. Different themes/findings across the four articles
  4. Managerial implication of the four articles
  5. Study limitations and future research direction proposed in the four articles. 

The negative impact of revenues in GDP and indirect taxes on economic growth in OECD and EU countries

In the article of Afonso & Furceri, (2010), the revenues in GDP impose negative outcomes on the real growth per GDP. This is in case of the countries under OECD and EU. The article proposes that there is 0.12% growth in the rise of GDP for both these countries. On the contrary, relative volatility does not have any impact on economic growth. Governmental revenue ratios does not gain prime importance in terms of the relative size of the government (Afonso & Furceri, 2010).

As per the arguments of Dayanandan, Donker, Ivanof & Karahan, (2016), Bibliometric analysis is used for shedding light on IFRS adoption and accounting quality. There is persistency in the propositions related to IFRS accounting and the adoption being related to the political and judicial systems of the countries. Improvements in the accounting quality adds to the IFRS standards.

According to the opinions of Loyeung, Matolcsy, Weber & Wells, (2016), majority of the respondents belonged to high posts. 5.61% and 11.21% of the respondent companies worked under a controller, who hailed from a foreign country. Along with this, the country was listed within the foreign exchange. In this list, 37.38% of the debts were made out of Australia, which reflected 39.25% of partnerships.

In the article of Schührer, (2018), Focus on DPE’s discursive and coordinative activities is crucial in terms of gaining an insight into the principles of Generally Accepted Accounting Principles (GAAP).

In the article of Afonso & Furceri, (2010), Indirect taxes and social contributions have a negative impact on the growth of the OECD and the EU countries. Increase in 1% in the indirect tax ratios reduces the growth by 0.30% for the OECD countries. Hikes of same magnitude in social contributions decreases the growth ratio by 0.34%. This is specifically in case of the OECD countries. Therefore, it can be said that social contributors are have prime importance for the achievement of economic growth in the OECD countries (Afonso & Furceri, 2010). On the other hand, indirect taxes are harmful and can act as an obstacle in the process of growth and development for the EU countries. Direct taxes does not have strong effect on the growth process of these countries. This suggests that the direct taxes leads to less distortions than the indirect taxes.

The propositions of Dayanandan, Donker, Ivanof & Karahan, (2016), Political disputes have compelled the government to adopt FVA and converge to IFRS. This is in spite of not having proper recognition. The results possess relevancy in terms of convergence towards the investors. Literary views on financial reporting incentives propose the affectation on the accounting quality. Increase in the institutional holdings are higher in the countries where the incentives are strongly implemented. This is also the case when the differences between IFRS and local GAAP are relatively on a higher scale. Convergence of accounting are high quality information, playing a crucial role in developing a comparative study for the business research information (Dayanandan, Donker, Ivanof & Karahan, 2016).

Bibliometric analysis of the impact of IFRS adoption and accounting quality

As per the opinions of Loyeung, Matolcsy, Weber & Wells, (2016), IFRS adoption had less significance in terms of ensuring growth and development for the firm. Lack of preparation in terms of GAAP’s reconciliation was projected, which aggravated the complexities regarding the execution of cost benefit analysis.  In the article of Schührer, (2018), taking assistance from the bodies like Finance Reporting Council and Australian Accounting Standards helps in the efficient execution of the DPE activities.

The article Afonso & Furceri, (2010) proposes that direct taxes have less chances of distorting the economic structure than the indirect taxes. This is incorrect. Indirect taxes like VAT, sales tax, goods and service tax increase the prices of the products and services. This adversely affects the purchasing capability of the customers, especially those belonging to the middle class. Moreover, indirect taxes lowers the growth ratio, aggravating the complexities towards setting the prices (Afonso & Furceri, 2010). Volatility in case of the indirect taxes imposes negative impact on the growth process of the OECD countries. Increase in the tax tariffs makes the execution of import and export activities difficult. This inability deprives the customers of quality and branded products.

In the article by Dayanandan, Donker, Ivanof & Karahan, (2016), IFRS is crucial in the workplace for stabilizing the financial parameter. These standards are vital for the businesspersons in terms of averting the financial instabilities. In terms of adopting the IFRS standards, consideration of the world market is necessary. Lower cost of information processing and communication is assistance for the managers in terms of gaining an understanding about the latest market trends. In order to legitimize the accounting quality, cost benefit analysis is crucial in terms of understanding IFRS adoption. Convergence to IFRS is one of the prime determinants of the accounting quality (Dayanandan, Donker, Ivanof & Karahan, 2016).

The article by Loyeung, Matolcsy, Weber & Wells, (2016), enhances the awareness of the businesspersons regarding the initiation of an IFRS project. Maintaining the time frame helps in completing the project within the stipulated time. External assistance from the auditors and accountants proves beneficial in terms of averting the chances of mistakes (Loyeung, Matolcsy, Weber & Wells, 2016). Moreover, external assistance provides support for upgrading the standards and quality of the financial activities. Labor maintenance cost needs to be included within the budget for estimating the progress till when the project related activities would be completed.

Schuhrer’s article proposes that the Theoretical perspective to the public sector accounting enhances the awareness towards the proper ways and means to conducting the accounting activities. Discursive policies is one of the prime factors for planning towards the accounting activities. Moreover, these policies is also assistance in terms of maintaining the standards for stabilizing the financial parameter (Schührer, 2018). Operational characteristics towards the accounting principles reflects the different perceptions towards accounting activities. As a matter of specification, this article is a lesson for the businesspersons in terms of setting agendas with due consideration to the behaviors related to DPE. This might be a support for the bodies in terms of mitigating the external influences.

Accounting based metrics is assistance for the managers in terms of conducting the accounting activities without any difficulties. These metrics are crucial in terms of executing the accounting activities. Earnings management helps the managers in tracking the earnings in a financial year. This tracking enhances the awareness towards the expenditures made. Time loss recognition enables the personnel in calculating the time and the resources, which have resulted in loss for the accounting activities ((Schührer, 2018).

The article by Afonso and Furceri is limited to the implications of direct and indirect taxes on OECD and EU countries. This limitation entraps the knowledge of the businesspersons into certain parameters of growth and development process. In order to achieve overall growth, the marketers need to be aware of every business issue, which the article fails to provide.

The limitations of Dayanandan, Donker, Ivanof & Karahan, (2016) is lack of clarity in the actual presentation of the complex realities. In spite of research, the article fails to tackle with the institutional issues. The major drive behind this is the reduced quality of the social context and economic rationality.

The article by Loyeung, Matolcsy, Weber & Wells provides an insight into the consequences of IFRS adoption only in threshold of Australia. This deprives the businesspersons in the other parts of the world about implementing the IFRS standards in the business. Absence of theoretical considerations lacks clarity in the research regarding the different conditions related to the IFRS.

Schührer proposes that improved concepts regarding DPE would enable the agenda makers to get a better understanding regarding the actions and behaviours related to the setting of the discursive policies.

References

Afonso, A., & Furceri, D. (2010). Government size, composition, volatility and economic growth. European Journal of Political Economy, 26(4), 517-532.

Dayanandan, A., Donker, H., Ivanof, M., & Karahan, G. (2016). IFRS and accounting quality: legal origin, regional, and disclosure impacts. International Journal of Accounting and Information Management, 24(3), 296-316.

Loyeung, A., Matolcsy, Z., Weber, J., & Wells, P. (2016). The cost of implementing new accounting standards: The case of IFRS adoption in Australia. Australian Journal of Management, 41(4), 611-632.

Schührer, S. (2018). Identifying policy entrepreneurs of public sector accounting agenda setting in Australia. Accounting, Auditing & Accountability Journal, 31(4), 1067-1097.

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"The Essay On Taxes, Government Size, IFRS Adoption, And Economic Growth, Accounting Quality, And Financial Reporting Incentives.." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/bus707-applied-business-research/managerial-implications.html.

My Assignment Help (2021) The Essay On Taxes, Government Size, IFRS Adoption, And Economic Growth, Accounting Quality, And Financial Reporting Incentives. [Online]. Available from: https://myassignmenthelp.com/free-samples/bus707-applied-business-research/managerial-implications.html
[Accessed 16 July 2024].

My Assignment Help. 'The Essay On Taxes, Government Size, IFRS Adoption, And Economic Growth, Accounting Quality, And Financial Reporting Incentives.' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bus707-applied-business-research/managerial-implications.html> accessed 16 July 2024.

My Assignment Help. The Essay On Taxes, Government Size, IFRS Adoption, And Economic Growth, Accounting Quality, And Financial Reporting Incentives. [Internet]. My Assignment Help. 2021 [cited 16 July 2024]. Available from: https://myassignmenthelp.com/free-samples/bus707-applied-business-research/managerial-implications.html.

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