Acc341 Essay

446 WordsOct 10, 20142 Pages
Question 1 - 10 marks (1,000 words) Subject Learning Outcome: Be able to deconstruct some accounting issues that have been the subject of theoretical analysis: Find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after June 2014. Your article could also come from one of the professional journals such as 'Charter'. The article should not come from an academic journal. Academic journals generally do not contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. If you are having a problem ensuring that your article is from an appropriate source contact your lecturer. Explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. For example, the Australian Financial Review article contained in your readings (2.1) can be linked to topics such as Ethics, Accounting regulation and politics and Normative accounting theories (conceptual framework projects). Provide a copy of the article or web page, with details of the source, date and page number with your question answer. Question 2 - 10 marks (1,000 words) Subject learning outcome: Be able to deconstruct some accounting issues that have been the subject of theoretical analysis: Find the comments letters received on a current exposure draft or proposal for a new accounting standard. (These can be found on the websites of most standard-setting organisations, such as the IASB, AASB and FASB. Hint: These websites can be quite difficult to navigate, so as a first step try typing “IASB comment letters”/”FASB comment letters” into google or other search engine of your choice). Read a sample of the comments from a

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