accounting theory

Assessment Type: Written Report – individual assessment

1200 words 

Purpose: This assessment is designed to reinforce the subject content and develop students’ skills and application of knowledge of the subject content to business situations. This assessment relates to learning outcomes a, b and c.***

Topic: This assignment covers the in-depth theoretical concepts with some practical accounting task application based on the topics from the subject.

Task Details: This assignment requires a consideration of accounting theory concepts with critical analysis with application to General Purpose Financial Reporting by corporations. Students are required to prepare a comprehensive report directed to an Australian ASX Top 100 listed corporation detailing a critical analysis of the effectiveness of the corporation to meet the obligations of the conceptual framework of accounting. The summary report should include data extracted from the General Purpose Financial Report relevant to the material analysed.

*** Subject Learning Outcomes

a) Evaluate financial accounting information and standards

 b) Describe the various theoretical and philosophical approaches to accounting

c) Consolidate and extend knowledge of the components of financial statements through current accounting issues