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

Strengthening Financial Reporting Framework

tag 0 Download2 Pages / 499 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Strengthening Financial Reporting Framework.
 
 

Answer:

Introduction:

The title of the topic is True and Fair View – An analysis with Regulatory framework. This is mainly focused on how the true and fair view concept has been developed over the years and has been earlier known by the different names. The concept of true and fair view is applicable not only on the financial statements of the company but also on the other business dealing entered by the individuals or the company. The paper has started with the introduction. Then the literature review has been given regarding the history and purpose of the true and fair view concept and the support that the concept have gained over the years. Thereafter, the conclusion has been given along with the executive summary of the literature review. The data has been obtained from the relevant sources.

The concept of true and fair view has been the very important concept for not only the companies but also the individuals, auditors and the directors of the company including the persons those charged with Governance. Through this the organizations have come to know about the relevance of the financial statements and that too with the true and fair view and come to know about the urgency of the applicability of accounting standards and its proper compliance.   

Through this literature review it has been established that the concept has gained the overriding effect over the accounting standards and it has nothing to do with the non compliance of the accounting standard. The study has detailed that though application of accounting standards is necessary but to maintain the relevancy and reliability of the financial statements, the true and fair view must be established. Thus, the review has provided the importance of true and fair concept in the business world.

 

References

Australian Government Official Website, (2017), “Strengthening the Financial Reporting  Framework” available at https://archive.treasury.gov.au/documents/403/HTML/docshell.asp?URL=Ch6.asp accessed on 21/04/2017.

Chambers R and Wolnizer P, (2011), “A True and Fair View of position and results: the historical background” available at  https://sydney.edu.au/arms/archives/chambers/chambers_onlineitems/10-USA-P202-2-09640.PDF   accessed on 21/04/2017.

Deegan C, (2010), “An Overview of the Australian External reporting Environment”, available at https://www.slideshare.net/joshuatuisawau/deegan5e-ch01   accessed on 21/04/2017.

FRC, (2014), “True and Fair Statement” available at https://www.accaglobal.com/in/en/technical -activities/technical-resources-search/2014/june/frc-true-fair.html  accessed on 21/04/2017.

Karan R, (2012), “Irreconcilable Legal and Accounting Views of a True and Fair View: An emerging alternative from Australian”, available qt

 https://www.austlii.edu.au/au/journals/JlLawFinMgmt/2002/5.html   accessed on 21/04/2017.

Vladu A and Matis D, (2012), “True and Fair View and Creative Accounting Conceptual Delimitations Based on Papineau’s Tree Methodology”, available at https://www.oeconomica.uab.ro/upload/lucrari/1420121/09.pdf   accessed on 21/04/2017.

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

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

My Assignment Help. (2018). Strengthening Financial Reporting Framework. Retrieved from https://myassignmenthelp.com/free-samples/strengthening-financial-reporting-framework.

"Strengthening Financial Reporting Framework." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/strengthening-financial-reporting-framework.

My Assignment Help (2018) Strengthening Financial Reporting Framework [Online]. Available from: https://myassignmenthelp.com/free-samples/strengthening-financial-reporting-framework
[Accessed 16 July 2020].

My Assignment Help. 'Strengthening Financial Reporting Framework' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/strengthening-financial-reporting-framework> accessed 16 July 2020.

My Assignment Help. Strengthening Financial Reporting Framework [Internet]. My Assignment Help. 2018 [cited 16 July 2020]. Available from: https://myassignmenthelp.com/free-samples/strengthening-financial-reporting-framework.


MyAssignmenthelp.com has been providing assignment help online to thousands of students in Australia. 99% of them are satisfied with our assignment writing services because they receive cheap homework help without compromising the quality of the paper. Our experienced and skilled assignment writers always pay attention to assignment requirements that help them craft high quality papers.

Latest Accounting Samples

ACC566 Accounting Systems And Processes

Download : 0 | Pages : 9

Answer: Introduction: Plagiarism may be defined as the wrongful act of taking the works, ideas and opinions of others and passing them as their own. In other to plagiarize means to steal the work of other and pass the works as their own. Collusion refers to a form of plagiarism where the assignment is done by two or more persons in order to do a piece of work which is to done by individual person. It is also considered to be application of u...

Read More arrow

ACCT20074 Contemporary Accounting Theory

Download : 0 | Pages : 12

Answer: Introduction The primary focus of the assessment is to formulate a detailed study regarding concepts of measurement and the relevance of the same in the process of accounting. The accountants consider measurement of financial information to be an integral part of the accounting system. The assessment would be looking into the IASB framework for the purpose of reporting and measuring financial aspects of the business (Reports. 202...

Read More arrow Tags: Australia 5 Contemporary accounting theory Central Queensland University 

MA501 Foundation Of Accounting

Download : 0 | Page : 1

Answer:

Accounting Practice Set [now finished]



You have now finished the practice set. Your result is recorded in our database.
Click Home to be returned to your home page.

 

Read More arrow Tags: Australia 5 MA501 Melbourne Institute of Technology 

ACG315 Accounting And Finance For Fluctuating Revenues And Company Size

Download : 0 | Pages : 3
  • Course Code: ACG315
  • University: University Of Bedfordshire
  • Country: United Kingdom

Answer: Task One The change of taxation rules and regulation of conventional and statute laws have always confused willing, compliant firms. Different stakeholders take part in helping the companies adapt to the new changes. The actualization of this checks and balances lower down to the firm accountant. He, therefore, deals with the confusion at a more significant level.  We, therefore, discuss the confusing issues and the role of the a...

Read More arrow Tags: Australia Homebush Management Java - Car Parking Management System University of New South Wales Humanities 

SBLC4003 Business Accounting

Download : 0 | Pages : 11
  • Course Code: SBLC4003
  • University: University Of Wales Trinity Saint David
  • Country: United Kingdom

Answer: Introduction: Every entity has to prepare the financial statements, on a regular basis, to communicate the financial results of the business operated by it. These financial statements contain the summarised information expressed in financial terms about all the transactions and events that are entered into during the course of business. All the financial information that helps the readers to assess the financial health of business of ...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,362,932

Orders

4.9/5

Overall Rating

5,082

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

416 Order Completed

95% Response Time

Tyler Moore

MBA in Accounting

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1896 Order Completed

95% Response Time

Herman Berens

MSc in Psychology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

755 Order Completed

95% Response Time

Douglas Cowley

Masters in Finance with Specialization in Audit

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

134 Order Completed

95% Response Time

Thomas Nelson

MS in Information Systems Technology with Specialization in Database Administration

New Jersey, United States

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

hello I am very satisfied with the work you did for me. I will not hesitate to take your services again for future assignments, proudly recommend... please review your price for returning customers

flag

User Id: 457107 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating

Thanks to this expert in following closely on the assignment structure. Appreciated it :)

flag

User Id: 415901 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating

Great work! I am very pleased with my outcome. It was was easy to understand, yet consistent with the business quantitative method lingo in answering the questions.

flag

User Id: 383727 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating

thank you for the good work progress, really like how it\'s done and on time submitted to me

flag

User Id: 225590 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?