Information For Creating And Managing Value

Research Background

The subject of research is to examine the development of accounting in the future based on its present level of economic development in the context of Australia.” In the existing period, the accounting plays a significant role in the economic development in Australia. Australia has adopted the IFRS standards. The adoption of the IFRS by the profit-making entities is beneficial for the economy of Australia. After the adoption of the IFRS standards, the excellence and the comparability of the financial information has been increased. The better implementation of IFRS standards enables the investors and forecasters to analyses the future growth of the organizations. Australia has also adopted the Accounting Information System (Loyeung, et al., 2016). The Accounting Information System helps in making the solid, reliable, fair, and transparent business environment. The Accounting Information System helps in better implementation of the corporate governance practices and the policies. It creates the healthy environment of taking the good decision of business. In Australia, the pre-eminent journal ‘Australian Accounting Review’ is published regularly. The Australian Accounting Review renders the detailed discussion and critical examination of the business and economy growth, which influence the employees and management in the field of finance, accounting, and business of the company.

Research Problem

Foreseeing the development of accounting in the future based on its current level of economic growth

Research questions

The following research questions will be accomplished caused of the attainment of research goal.

• What do you understand by IFRS Australia and Accounting Information System
• What are the key benefits and their possible influence of IFRS Australia and Accounting Information System to improve the economic condition
• What are accounting strategies for improving Australian economic condition in future

Research Aim and Objectives

The main aim of this research is to address the upcoming development in the accounting sector for increasing the growth of the economy. The following objectives will be completed to meet the specified aim of this study:

• To explore the conceptual understanding about IFRS Australia and Accounting Information System
• To understand key benefits and the possible influence of IFRS Australia and Accounting Information System to improve the economic condition
• To identify accounting strategies for improving Australian economic condition in future

Keywords for Literature Review

• IFRS standards
• Australian Accounting Information System
• key benefits and their possible influence of IFRS Australia and Accounting Information System to improve the economic condition
• Role of Australian Accounting Review’ in improving the Australian economic condition in future

Publication details of relevant articles for a literature review

• Loyeung, A., Matolcsy, Z., Weber, J. and Wells, P., 2016. The cost of implementing new accounting standards: The case of IFRS adoption in Australia. Australian Journal of Management, 41(4), pp.611-632.
• Dayanandan, A., Donker, H., Ivanof, M. and Karahan, G., 2016. IFRS and accounting quality: legal origin, regional, and disclosure impacts. International Journal of Accounting and Information Management, 24(3), pp.296-316.
• Schührer, S., 2018. Identifying policy entrepreneurs of public sector accounting agenda setting in Australia. Accounting, Auditing & Accountability Journal, 31(4), pp.1067-1097.
• Naghshbandi, N., Ombati, R.M. and Khosravi, V., 2016. EMPIRICAL STUDY ON THE IMPACT OF CULTURE ON ACCOUNTING PRACTICES: DOES IT DISAPEAR AFTER THE INTRODUCTION OF IFRS. International Journal For Research In Business, Management And Accounting (ISSN: 2455-6114), 2(3), pp.108-120.

Data Collection Plan

For this research study, the investigator will practice both data collection method like primary and secondary data collection method. From the use of primary data gathering technique, the investigator will practice survey through questionnaire and collect the views and opinion of the research candidates about research issue. The primary data is collected by considering many sources such as survey through a questionnaire, interview, and observation. Apart from this, the secondary data collection will enable the researcher to get theoretical information about research matter from the existing sources (Ledford and Gast, 2018). The researcher will consider many sources to conduct the research and obtain reliable outcomes like academic journals, books, articles, and online and offline sources.  

Ethical Consideration

For the research, the ethics concept is connected with completing each activity of the study in a reliable way by considering the university regulations and participant’s privacy. The ethical norms facilitate research scholar to accomplish the research goal (Flick, 2015).  There are certain factors that are considered in the ethical research like confidentiality, integrity, and communication. In addition, it is evaluated that research scholar will make the integrity with their research participants to systematically accomplish the aim and objectives of the research. Apart from this, the researcher will use the ethical norms and conduct an appropriate conversation with their research candidates during research as it will be effective for the attainment of research aim and objectives (Vaioleti, 2016).  It could lead to getting the reliable outcome. The researcher will also secure all the confidential information of the research participants as it could be effective for getting a reliable result (Mackey and Gass, 2015). Apart from this, a researcher will also concentrate on certain factors that could create ethical issues like the copyright act’s violation, plagiarism, and data fracturing (Ledford and Gast, 2018).  These issues could be eliminated by the researcher by offering full credit to their authors. In this, the researcher will provide an authentic citation in each paragraph as it increases research outcome authenticity (Flick, 2015). For eliminating the similarity of the report, the research scholar will practice the simple language and collect appropriate information. Moreover, research scholar will take the appointment to the research participants prior to starting this research. Through this method, the research scholar will be capable to obtain the reliable information. The researcher will also secure all the confidential information of the research participants as it could be effective for getting a reliable result.

References

• Langfield-Smith, K., Smith, D., Andon, P., Hilton, R., and Thorne, H., 2017. Management Accounting: Information for creating and managing value. McGraw-Hill Education Australia.
• Mackey, A. and Gass, S.M., 2015. Second language research: Methodology and design. UK: Routledge.
• Vaioleti, T.M., 2016. Talanoa research methodology: A developing position on Pacific research. Waikato Journal of Education, 12(1).
• Flick, U., 2015. Introducing research methodology: A beginner's guide to doing a research project. Sage.
• Ledford, J.R., and Gast, D.L., 2018. Single case research methodology: Applications in special education and behavioral sciences. Routledge.