Answer: Case 4-4 Research Methodology Several research methodologies help in developing accounting theory. Accounting theory includes the deductive approach, inductive and pragmatic research as the deductive approach includes the development of theory for identifying objectives. The deductive approach is essential for a mental type of research for accounting theory which includes the capability to correctly identifying and relating the variou...
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Answer: Case study 1 Background of the company AGL energy is an Australian company which is listed in ASX stock exchange. It is a public sector company which is involved in retailing of electricity and energy generation for the household and commercial use. Currently the company has market capitalisation of 10.589B in AUD. Accounting policies of AGL energy limited AGL limited has adopted Australian accounting standards and Corporations act...
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Question: Discuss aboutt The consequences of mandatory corporates. Answer: Introduction In today’s business world, Corporate Governance and Sustainability Reporting are considered as two of the major factors for organizational success. Corporate Governance refers to the mechanisms, processes and relations that help the business organizations in controlling and directing their business activities (Tricker and Trick...
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Question: Discuss about the Business Decisions for Sustainability Accounting and Accountability. Answer: Introduction Boral limited company is the global construction and manufacture material firm, which head office in the Sydney, Australia. Due to the competitive position, it has a leading market position in construction and building material in Australia. It is a joint venture Company which ties with the USG Boral in the U...
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Question: Discuss about the Accounting Theory and Current Issues for Financial accounting. Answer: Introduction This study deals with accounting theory and current issues faced by KGC Ltd. Karrick Gold & Copper Ltd is an Australian mining firms listed in Australian Stock Exchange (Spiceland, Thomas and Herrmann 2011). It operates in large Open Cast Gold as well as Copper mine in Star Mountain Range in Papua New Guinea from...
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Questions: a). Should KGC Ltd. revalue its major PPE assets from historic cost to fair-market value? (Discuss the principles, potential issues, and risks). b) The PP&E is estimated to have a replacement value of $20.5 billion AUD and a value in use of $12.0 billion AUD under current expected operations (i.e. seven years) but rises to $30 billion AUD if the contract is renewed for 10 years in addition to the current seven years...
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Questions: Task 1. Provide a report summarising the purpose of Corporate Sustainability Reporting (CSR) by referring to the Global Reporting Initiatives' (GRI) Sustainability Framework (G3.1). Task 2. Identify two ASX Top-500 companies multinational companies and compare their reporting on economic, environmental and social aspects in their annual reports and standalone sustainability reports for the reporting year ending 2014. [Note: D...
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Question: Interest Theory and what of the role of regulators (politicians)? What are the motivations of politicians as regulators? Answer: 1. Introduction This study is about the public interest theory and the role of politicians as regulators, their motivations and its repercussions on the society. The argumentative study is presented through an analysis of the research publication by Jean Houdet and Charles Germaneau. The me...
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Question: Analysis of all the statements published by CTI Logistics Limited namely the balance sheet, profit and loss account. Answer: Introduction A company’s financial position as on a particular date and its income statement for the year ended states how a company has performed during the year in question and what is its financial position as on a particular date with regards its assets and liabilities position ...
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Question: Compare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP Answer: Introduction: The gross domestic product or GDP is generally known as the measurement of economic growth of a country in terms of quantity (Arnold, 2008). More precisely, it is better known as the value of the commodities that are produced within a country in a specific time period like on...
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