fb
$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

HA 3011 Advanced Financial Accounting

tag 0 Download11 Pages / 2,539 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

In 2006 the Australian Government established an inquiry into corporate social responsibilities with the aim of deciding whether the Corporations Act should be amended so as to specifically include particular social and environmental responsibilities within the Act. At the completion of the inquiry it was decided that no specific regulations would be added to the legislation, and that instead, ‘market forces’ would be relied upon to encourage companies to do the ‘right thing’ (that is, the view was expressed that if companies did not look after the environment, or did not act in a socially responsible manner, then people would not want to consume the organisations’ products, and people would not want to invest in the organisation, work for them, and so forth. Because companies were aware of such market forces they would do the ‘right thing’ even in the absence of legislation).

Required:
You are required to explain the decision of the government that no specific regulation be introduced from the perspective of:

(a)Public Interest Theory
(b)Capture Theory
(c)Economic Interest Group Theory of regulation


Assessment Task Part C
The US Financial Accounting Standards Board does not allow revaluation of non-current assets to fair value, but it does make it compulsory to account for the impairment costs associated with non-current assets as per FASB Statement No. 144 Accounting for the Impairment or Disposal of Long-Lived Assets.

Required:
What implications do you think these rules have for the relevance and representational faithfulness of US corporate financial statements?

Assessment Task Part D
Many organisations elect not to measure their property, plant and equipment at fair value, but rather, prefer to use the ‘cost model’. This will provide lower total assets and lower measures, such as net asset backing per share.

Required

You are required to answer the following questions:

(a)What might motivate directors not to revalue the property, plant and equipment?
(b)What are some of the effects the decision not to revalue might have on the firm’s financial statements?
(c)Would the decision not to revalue adversely affect the wealth of the shareholders?
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 11 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Advanced Financial Accounting. Retrieved from https://myassignmenthelp.com/free-samples/ha-3011-advanced-financial-accounting/financial-statements.html.

My Assignment Help (2020) Advanced Financial Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/ha-3011-advanced-financial-accounting/financial-statements.html
[Accessed 23 October 2021].

My Assignment Help. 'Advanced Financial Accounting' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/ha-3011-advanced-financial-accounting/financial-statements.html> accessed 23 October 2021.

My Assignment Help. Advanced Financial Accounting [Internet]. My Assignment Help. 2020 [cited 23 October 2021]. Available from: https://myassignmenthelp.com/free-samples/ha-3011-advanced-financial-accounting/financial-statements.html.


Experience ultimate convenience when you avail the assignment help services in Aus from MyAssignmenthelp.com. When you seek help from us, our writing service will put an end to your struggle permanently. You would not have to be satisfied with mediocre grades as long as you have us by your side. Receive perfectly written tasks from us as per your convenience.

Latest Management Samples

MGMT20144 Management And Business Context

Download : 0 | Pages : 10

Answer: Introduction: The concept of knowledge management (KM) has been augmented concerning the data management, knowledge and information within the organization along with employing for gaining competitive advantage. Knowledge Management basically encompasses the tools and process to effectively hypnotize and allocate data. In the present scenario where competition is in the rise, Knowledge Management and the connected strategies have beco...

Read More arrow Tags: Australia Melbourne Management Melbourne Institute of Technology 

PROJ6003 Project Execution And Control

Download : 0 | Pages : 11

Answers: Topic- Important factor of global project management:- Module 1 From the first module I have learned about changed management is considered to be important factor of project management. I have learned about the fact that various process or strategies which are essential for managing the various changes of project. In this module various topics like project team acquisition and development, direction and management of project wor...

Read More arrow

SM0380 Doing Business Globally And Internationally

Download : 0 | Pages : 14

Answers: Title: Analysis of the joint venture between Pfizer Inc. and Zhejiang Hisun pharmaceuticals 1. First off we start by analyzing the deal using Michael E. Porter’s model, the reasons for the joint venture and the involvement of the U.S. and Chinese governments in the deal. Competitive Rivalry In this segment we look at the competition in the Active Pharmaceutical Ingredients (API) manufacturing industry. Notably, in china ...

Read More arrow

XICT01 Information And Communication Technology

Download : 0 | Pages : 5

Answer: Introduction In this assignment we have analysed the data on migrant labourers. Migrant labourers form a large part of the labour force. The labour force has different levels of education. They work in different businesses. There is also a difference in businesses organization. According to research done by Näre (2015) there is a significant relationship between gender and migrant workers. Similarly, according to research done by...

Read More arrow Tags: Australia Haverfordwest Management business event management University of New South Wales 

BFA522 Risk Management

Download : 0 | Pages : 2

Answer: Introduction: Companies are likely to have engaged in various sustainable approaches that are more likely to establish the stakeholders for long term agreement. In the view point of Courtney et al. (1997), the risk management practices are no longer adequate to deal with the threats that the companies are facing in the recent time. Factors like intense competition, huge dependency on fossil fuel and others pose a new level of threat t...

Read More arrow Tags: Australia Glenelg Management Cross Culture Management University of Sydney Masters in Business Administration 
Next

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?