- What accounting issues have been addressed in the article? Briefly summarize the issues and In terms of the accounting issue being discussed, what did you agree/disagree with in the article? Who are the stakeholders? Provide support for all your arguments. 3 paragraphs
In example: these are examples and might not apply to the reading.
- Issues:
- Over/under statement of profit
- Over/under statement of balance sheet items
- Cash flow effect
- Revenue recognition
- Off balance sheet finance
- Valuation and allocation
- Applying standards (AASB)
- Stakeholders:
- Suppliers/creditors
- Shareholders/investors
- Management
- Financial analysts
- ASX / Sharemarket
- How does this article relate to theory/theories discussed in the Advanced Accounting unit? Demonstrate the connection to a theory. 5+ paragraphs
In example: these are examples and might not apply to the reading.
- Normative/positive theories
- Conceptual framework (relevance/ faithful representation)
- Accounting standards
- Measurement issues
- Private incentive theory
- Agency theory
- Legitimacy theory
- Stakeholder theory
- Capture theory
- Signaling theory
- Market for lemons
- Market for managers
- Market for corp takeovers
- Normative theory
- Conceptual framework in Advanced accounting
- Accouting standards
- Relevance and faithful representation (very important)
- Timeliness
- Decision usefulness (lenders/bank)
- Economic interest theory
- Positive accounting theory
- Agency theory in Advanced accounting
- Earnings management
- Market related incentives as per Advanced accounting
- Market for managers
- Market for corporate takeovers
- Market for lemons
