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ACC303 Contemporary Issues In Accounting

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Answer: Introduction to Sustainability Sustainability is related to sustainable development, which is concerned about conserving life-support mechanisms and fulfilling major human needs (Kates, 2001). It is regarded as a valuable part in today’s modern world with the advancement in both science and technology. World’s scientific programs, academics and international networks promote sustainability agenda to shape the underlying envi...

Read More arrow Tags: Australia Tullamarine Management Hygiene and Toxicity University of New South Wales 

ACFI3009 Contemporary Accounting Issues

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Question: Part 1 Introduction: Mark-to-market accounting refers to the process of determining the fair value of the company’s assets and liabilities based on the market price of those similar assets and liabilities. On a more specific note, mark-to-market is the reasonable value of an asset or liability that varies over the period depends on the market value of that assets and liability (Ball, Jayaraman and Shivakumar 2012). Most of the...

Read More arrow Tags: Australia Campsie Management Hygiene and Toxicity University of New South Wales Humanities 

ACFI3009 Contemporary Accounting Issues

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Answer: Introduction To analyze the implication of accounting standards in the accounting procedure of Australian Companies, we have chosen two sample companies. These companies are from GICS group of Materials as per enrollment in ASX listing. They are ABM Resources NL, from Nedlands, Western Australia and Activex Ltd from Queensland, Brisbane. ABM Resources NL is with the ASX code of ABU and Activex Ltd is with the ASX code of AIV. Both com...

Read More arrow Tags: Australia Wetherill Park Management Hygiene and Toxicity University of New South Wales Masters in Business Administration 

ACC303 Contemporary Issues In Accounting

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Answer Introduction Caltex is seen to begin its operation in 1936 in form of California Texas Oil Company. This company has been further seen as a joint venture between Texas Company and standard oil, thereby gaining concession in Saudi Arabia. The company has been further seen with gained concessions in Saudi Arabia. It was further seen to be renamed in 1968. The parent company has been further seen to be based on the consideration of merger...

Read More arrow Tags: Australia Strathfield Management Hygiene and Toxicity University of New South Wales 

ACC303 Contemporary Issues In Accounting

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Answer: Introduction Accounting is the first and foremost function which shall be adhered by each and every organization whether it is the private sector companies or the Government sector companies. Without the accounting no one can judge how the particular company is functioning and which company will have high stock price, etc (Anastasia, 2015). These considerations come only from the accounting and which in turn help the users of the fina...

Read More arrow Tags: Australia Hurstville Management Hygiene and Toxicity University of New South Wales Masters in Business Administration 

BUSN7005 Contemporary Issues In Accounting

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Answer: Introduction The basic aim behind this report is to develop the understanding about different standards that are used by listed companies for preparation of final accounts. Every country has its own rules and regulations and adopts several standards that should be followed by companies for the preparation of final accounts. In addition, every company listed in that country’s stock exchange is required to comply with the norms of t...

Read More arrow Tags: Australia Tullamarine Management Hygiene and Toxicity University of New South Wales Masters in Business Administration 

ACC620 Contemporary Issues In Accounting

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Answer: Introduction Legitimacy is a comprehensive perception or else supposition that the actions of a particular business entity are essentially desirable, appropriate within certain socially constructed system of standards, beliefs as well as definitions.  Legitimacy theory can be considered as one of the most important theories within the social as well as environmental accounting area.  In essence, the novel economic, social as...

Read More arrow Tags: Australia Melbourne Management Hygiene and Toxicity University of Melbourne 

ECOS40315 Contemporary Issues In Accounting And Taxation

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Answer: Introduction The accounting is regarded as the key for success of any company. It is because the whole working of any company or firm depends in total on the functioning of the finance department of the company. If the finance department is working well and smooth in accordance with the conceptual; framework of accounting then it will be useful not only for the owners of the company to know the financial status as on date and financia...

Read More arrow Tags: Australia Melbourne Management Hygiene and Toxicity University of New South Wales Masters in Business Administration 

ACC303 Contemporary Issues In Accounting

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Answer Introduction “Sydney (Kingsford Smith) Airport” or “Sydney Airport” located in Sydney, Australia is considered as one of the primary airport which is seen to be responsible for serving airline operators such as Qantas, Virgin Australia and Jetstar Airways. It has been further seen that the airport is seen to be situated next to Botany Bay consist of three runways namely east–west, north–south and thi...

Read More arrow Tags: Australia Mortdale Management Hygiene and Toxicity University of New South Wales Humanities 

ACFI3009 Contemporary Accounting Issues

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Answer: Introduction: Conceptual framework provides information related to the financial accounting and the accounting framework of the company. Conceptual framework provides guidelines related to preparation of general purpose financial statements according to the Australian accounting standard board and international financial reporting standard (Deloitte, 2017). Current accounting framework The conceptual accounting framework describes a...

Read More arrow Tags: Australia Wetherill Park Management Hygiene and Toxicity University of New South Wales Masters in Business Administration 

ACFI3009 Contemporary Accounting Issue

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Answer: The assessment aims in evaluating the overall financial report of Argonaut Resources NL in accordance with the generally accepted accounting principle. The annual report is evaluated in accordance with the conceptual framework for detecting that all the relevant measurement has been met. In addition, the fundamental and enhancing qualitative characteristics of the annual report are evaluated. Moreover, adequate discussion is conducted ...

Read More arrow Tags: Australia Melbourne Management Hygiene and Toxicity University of Melbourne 

BUSN7005 Contemporary Issues In Accounting

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Answers: Introduction Sustainability Report is considered as a major report that provides the stakeholders with the information about the environmental, social and governance performance of the business organizations. The main aim of the report is to compare and contrast the sustainability reports of two of the major Australian companies; they are Wesfarmers Limited and Woolworths Limited. It needs to be mentioned that both the companies...

Read More arrow Tags: Australia Dudley Management Hygiene and Toxicity University of Melbourne 

BUSN7005 Contemporary Issues In Accounting

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Answer: In this study a detailed research is to be conducted on the Alloy Resources limited during the current financial year regarding the financial and organisational activities. Not only that it is also to be stated that the study includes several discussion regarding the financial and accounting concepts of the Alloy Resources limited during the year along with the basis in which the organizational activities and operations are conducted ...

Read More arrow Tags: Australia Sydney Management Hygiene and Toxicity University of Sydney 

6228 Contemporary Issues In Accounting

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Answer: 1. Overview of the article: Gareth Morgan, in his article “Accounting as Reality Construction: Towards a New Epistemology for Accounting Practice”, tried to argue that accountants can construct reality in typically limited as well as one-sided ways. This article further has reflected that in accounting, the concept of objectivity is a myth through which interesting future developments can be done. Hence, the chief focus of...

Read More arrow Tags: Australia Melbourne Management Hygiene and Toxicity University of Melbourne 

ACC303 Contemporary Issues In Accounting

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Answer: Introduction: The assessment aims in evaluating the annual report of Fairfax Media Limited in accordance with conceptual framework for detecting the fair representation that has been conducted by the organisation. In addition, the different valuation method that has been used by the organisation in preparing the annual report is adequately depicted in the assessment. Moreover, the recognition criteria, the auditor’s report and t...

Read More arrow Tags: Australia Homebush Management Hygiene and Toxicity University of New South Wales 
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