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Positive Accounting Theory and Natural Science

Question: Discuss about the Positive Accounting Theory and Natural Science. Answer: Introduction Financial accounting theory ensures the simplification in recording and analysing the accounting facts of the organisation. In the same way, positive accounting theory is based on the practical and economic statistics practices in the organisation (Dunmore, 2009). This theory is widely used in the recording of the financial accounts in the organisations. It supports the scientific approach to explain and predict the future events in the factual world su...

  • Published: 11 Jul, 2018
  • Views: 1204

Accounting Research Theory and Issue

Question: Discuss about the Accounting Research Theory and Issue. Answer: Introduction The article has carried out the critical analysis of the article ‘Half a Defence of positive Accounting Research’ for developing an understanding of the main accounting concepts illustrated in the paper. This article presents the evolution of positive accounting theory since its development in 1970’s. The article examines and analyses the recently emphasised theoretical approach in accounting literature of positive accounting theory. The major weaknesses th...

  • Published: 02 May, 2018
  • Views: 652

Impairment of Assets and Calculation

Question: Discuss about the Impairment of Assets and Calculation. Answer: Introduction Longreach limited is a company enlisted in ASX. To comply with the impairment testing of assets, the company has sought for consultancy on 30.06.2014. To make them understand the implication of this practice, this report is being made focusing on the issues of objective of this practice, treatment of intangible asset like goodwill for this practice with the basic steps for implementing impairment testing of assets as per AASB standard 136. IASB has made it compulso...

  • Published: 28 Apr, 2018
  • Views: 593

Contemporary Issues in Accounting : Brighton Produces

Question: Contemporary Issues in Accounting : Brighton Produces Answer: Introduction The purpose of this report is to compare two companies listed in ASX to see whether it complies with the requirements of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting. The report further shows how the conceptual framework includes Prudence is likely to show the disparity in Corporate Reporting. The report further had shown the conceptual framework with reference to the annual reports chosen for Adelaide Brig...

  • Published: 07 Apr, 2018
  • Views: 578

Curriculum of Accounting and Financial Management

Question: Describe about the Curriculum of Accounting and Financial Management. Answer: Executive Summary: This article is to emphasize on the curriculum of accounting and financial management with the sample of Domino’s Pizza to enable us forecasting of future revenue and profit of the company. . The company is spreading over globally with its state of the art technology and distribution network. The company is emerging as a substantial profit making concern to justify its existence in the retail chain market of food industries in the segment o...

  • Published: 23 Mar, 2018
  • Views: 474

Accounting Information System for Disk4U

Question: Discuss about the Accounting Information System for Disk4U. Answer:  Introduction: Within the study, the description of the investigations that are related to pre-stage development of the accounting information system is described.  The study has been carried out in the context of an organization called Disk4U. Accounting information system can be referred to the system that is being used by an organization or business for gathering, storing, retrieving and processing financial data for making it useful for consultants, anal...

  • Published: 15 Mar, 2018
  • Views: 563

Auditing Theory and Practice : Audit Plan of M Ltd

Question: Discuss about the Auditing Theory and Practice for Audit Plan of M Ltd. Answer: Preface This report is related to the notification of acceptance of audit assignment of M Ltd who are involved in the manufacturing process and sales and distribution of wine in domestic as well as international market. The company had recently changed their legal status of Public Ltd. Company by getting them listed in ASX. After the enlistment, the company had changed their auditors and assigned us the duty of auditing of the financial accounting rep...

  • Published: 14 Mar, 2018
  • Views: 519

Auditing & Assurance Services : Business Elements and Connections

Question: Describe about the Auditing & Assurance Services for Business Elements and Connections. Answer: 1. Discussion onfeatures contribute in rising inherent risk estimation The importance of the Assurance and Auditing services continuously expanding in the recent business connections of the current business elements and henceforth these plays important role during the time spent differentiating the inherent exists inside the association. These particular administrations helps in differentiating the own weaknesses and the strengths of the as...

  • Published: 31 Jan, 2018
  • Views: 515

Environmental Accounting and Supply Chain Management

Question: Discuss about the Environmental Accounting and Supply Chain Management. Answer: Introduction: The development of technology has improved the business operations of small and large business organizations. The advancement in internet and applications helps the organizations to provide quality services to their customers. In the given case study, B Bakery wants to make an investment in accounting software in order to take their business in next level. The company has recently lost some of the key accounts as a result of unable to manufacture s...

  • Published: 03 Jan, 2018
  • Views: 557

Accounting Theory and Current Expenses Issues

Question: Discuss about the Accounting Theory and Current Expenses Issues. Answer: Introduction: The research company Bio-sustainable Feeds (BSF) Ltd., is an Australian company listed at ASX. The company is engaged in research of sustainable aqua-culture feeds. The plant based feed is developed from canola, corn, soya-bean, sunflower, etc. The total R&D cost stood up at $360 million. The target of the company is to make sure that it can create an aqua feed with is less costly. It is always known fact that fish based feed to the fish is costly a...

  • Published: 03 Jan, 2018
  • Views: 451

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