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Identify Key Accounting PoliciesDiscuss about the Accounting Theory and Issues for Afterpay Touch Group. The company Afterpay Touch Group Limited was incorporated for the purpose of merger between Touchgroup Limited and Afterpay Holdings Limited. The company came into existence on 30 March 2017. The company has experienced an incredible journey of from Afterpay to now Afterpay Touch (Annual Report, 2017). The company is driven by pas...
AnalysisDiscuss about the Accounting Theory for Annual Report and Accounts. Throughout the history of UK, the deepwater horizon or BP oil spill is regarded the biggest because the explosion near the Gulf of Mexico destroyed many lives. Further, it also destroyed many businesses including the tourism and fishing industry. As a result, the responsible companies of this disaster faced major financial difficulties, as they had to compen...
WPP AUNZ LTDDiscuss about the Consultant’s Report Of WPP AUNZ Limited. A person always wants to enhance the worth of his or her savings. They always look for various ways through which their invested amount could be enhanced and they could get return and the profit from the market. Mainly, a person looks for the share market and the capital market to enhance the worth of their savings. In this report, as a consultant’s rep...
Analysis of Accounting Policies and Estimates of Ansell Ltd Discuss About The Financial Accounting Pearson Education Au? The business corporations around the world are placing large emphasis on improving on the quality of their financial reporting as per the IASB accounting standards. The IASB (International Accounting Standards Board) have directed the business entities to prepare and publish their financial reports as per the conceptual accou...
Introduction to CrowdfundingQuestion:Discuss About The Corporations As Banks Venture Capitalists? Crowdfunding is the modern way of financing new business and start-up. It helps new start-ups by raising funds for their business operations from various sources, such as relatives, associates, financiers and family members. These peoples prefer to invest their capital in small finance projects. It allows small businesses to get investment without ...
Importance of Internal Control for Non-Current AssetsQuestion:Discuss about the Internal Control for Acquisition.Internal control is a procedure that is impacted by the company’s management, trustee board and various other persons responsible for providing the reasonable assurance for the attaining the goals of the following Compliance with the applicable regulations and laws Efficiency and effectiveness of the operations Reliability ...
Overview of the Accounting Scandal at ToshibaQuestion:Discuss about the Management Theory and Practice for Toshiba. There is no such right thing an employee can always do in a corporate world. The ethical dilemmas are bound to happen in the workplace. An ethical dilemma is a situation where there are multiple options or choice need to be made but neither of the choice is acceptable as ethically. The recent accounting scandal of Toshiba has ...
AAA Model1.Using the American Accounting Association (AAA) ethical decision model explain the ethical issues involved here and recommend a course of action for Jacqui. 2.With reference to relevant case law, prepare a report for the managing partners of MYH on the strength of any negligence case that Oasis might bring against MYH. “American Accounting Association (AAA)” incorporated in 1916, is seen to be having a reputabl...
Breaches of Ethical Requirements in Various ScenariosDiscuss about the Earnings Management and Audit Opinion. The ethical requirements of APES 110 have been breached in this scenario as the professional ethics does not allow the practicing firm to disclose the information collected during the audit and assurance procedure about the client without taking prior permission from him. Mortdale accounting firm has conducted audit of severa...
What is Audit and Assurance Service?Discuss about the Auditing for Prevention and Detection. Lehman Brothers was US` investment bank and indulged in providing financial services. This firm was being established in 1850. Lehman Brothers` failure cause global financial crisis. As in the year 2008, Lehman Brothers declared itself as insolvent. This reports is based upon the issues of auditing which were associated with the ...
Financial condition of the organizationDiscuss About the Financial Accounting Assessment of Sunshine? The sunshine Ltd is a substantial retail chain in Australia that dependably take after a moral and technique in their business. From the earliest starting point of their organization, they took after the straight-line depreciation method in their records of activities. However, by utilizing this depreciation procedure, they get especial...
Accountants’ Judgments in the Application of Accounting StandardsWhat Is The Business Organizations Face Of Problems? Nowadays, accounting has become a very tough subject for the businesses. Business organizations face lot of problems to perform accounting practices and develop accounting standards for the businesses. They recruit accountants to overcome all these problems and issue in an effective manner. Along with this, account...
IntroducationHow To The Developed In Relation Providing Relevant? Auditors plays a very vital role in evaluating the actual position of the of the company in relation with both financial as well as non financial aspects. All the books of the company are being evaluated by the auditors. There are two types of auditors who indulge in the auditing practices. These two types of auditors are internal auditors and external auditors. Internal ...
Performance of Al Buraimi Hotel and Batinah HotelsQuestion:Discuss about the Financial Statement Analysis of Al Buraimi Hotel and Batinah Hotels.Financial statement analyse is a technique of evaluating any company’s weaknesses and strengths through resealing the association among distinct aspects of an income statement or balance sheet. This analysis offers clarity through employing several techniques including Z-score, trend, off balance ...
Sunshine Limited's Depreciation MethodQuestion:Discuss about the Compiled Property Plant and Equipment.Sunshine Limited is a large department store and was using straight line depreciation from the first since the company was formed. It is seen that for the year ended 2015 he anticipated that the profits will go higher and higher in 2016 and 2017 and then the researchers predicted that the profits will be lowered down in 2018 and 2019.By l...
What is PAT model and why it is used in scientific accounting researches? Questions: What is PAT model and why it is used in scientific accounting researches? How effectively has PAT model helped in achieving the scientific aims and objectives of accounting research? What are the current gaps in PAT model that needs to be fulfilled for its successful adoption in quantitative accounting researches? The accounting field since past decades has ...
Development of IFRS for Accounting Practices and Procedures Question: Discuss about the Contemporary Issues in Accounting use of IFRS. The International Financial Reporting Standards (IFRS) were developed by IASB (International Accounting Standards Board) in order to achieve harmonization by developing standard accounting practices and procedures that need to be followed by all the businesses worldwide during financial reporting. However,...
Understanding Accounting Theory Question: What Is Deference between Positive Accounting Theory and Normative Accounting Theory? The main purpose of the assignment is to bring out the differences on theories that is, positive accounting and normative accounting (Miller, P. and Power, M., 2013). Accounting is the concept of business that gives executive as well as shareholder a consistent scheme so that they can represent the cash of their corpo...
Positive accounting theory in accounting researchesQuestions:1.How positive accounting research has proved successful in developing an understanding of human behavior in accounting settings? 2.What are the common deficiencies present in PAT (Positive Accounting theory) that limits its applicability in wider accounting researches? 3.Does accounting researchers need to develop better models in comparison to PAT for achieving better outcomes from...
Limitations of Traditional Financial ReportingQuestion:Discuss About the Main Criticism of Traditional Financial Reporting? In business, accounting is essential in helping those who use financial statements to make effective and sustainable financial decisions (Meyer & Felton 2016, p. 369). However, it is essential for every organization to come to the realization the limitations of financial reporting and accounting in the process of formi...
The Impacts of the BP Oil SpillQuestion:Discuss about the Accounting Theory for BP Oil Spill. The BP oil spill resulted in the spillage of approximately 4.9 million crude oil barrels into the Gulf of Mexico that created massive havoc amongst various industries including tourism, fishing pricing of real estates, etc. This is the reason why the spill is also popularly called as the Deepwater Horizon. Besides, many other industries were a...
Defining Auditor IndependenceQuestions:1.What It Means For An Auditor To Be Independent? 2.How Can An Auditor Be Independent When Being Paid By The Client? When it comes to conducting an audit of a client for which he or she is being paid, the theory of independence in the conduct of work plays a lead role. The auditor independence is crucial from the view point of an external auditor. An auditor’s independence is coupled with truthfulne...
The True and Fair View (TFV) Concept in AccountingQuestion:Discuss about the Social Contract And Legitimacy Theory In Accounting.The idea of the social contract is developed in the late 17th Century and predates the European Enlightenment. English philosopher Thomas Hobbes (1588–1679) was the first person that detailed account of social contract theory in a series of works and out of these, the most famous of that is ‘The Leviathan&r...
Performance Measurement SystemQuestion:Discuss about the Accounting for Science and Technological. The globalization and advancement of science and technological field have brought dramatic changes in the business context. In one hand it provides extensive facilities to the business organization; on the other hand, it has brought various difficulties to the business organization. Globalization provides the facilities to expand the market across ...
What is Financial Accounting?Question:What is the Financial Accounting ? Financial accounting helps to keep the financial transactions in more organised format. It not only consists the recording of transitions, it also includes the preparation of financial statements and publishing such information in standard formats. Annual reports of a company are prepared based on such statements and hence, these statements play an essential role in annual...
