ACCT3003: Contemporary Issues in Accounting 2020 - Account and Finance Assignment Help

Assignment Task:

Task:

Topic Option 1
You have been asked by Talbot, a senior partner in the accounting firm where you work, to brief her long-term client regarding the increasing fees from the firm in order to comply with increasing and more complex accounting regulation. The CEO of the client has voiced her concern about increasing fees as she is faced with an increasingly complex operating environment, being a large multi-national commercial real estate company, Cartel Hall. Your senior partner would like you to provide a brief industry-relevant overview about increasing regulation and its complexity using research and applying your judgement to these key issues. Mainly, the partner wants you to calm the client down and tell him there is not “too much regulation” (Talbot does not want to lose the client! However, it is your job to provide a balanced, realistic information briefing on (i) possible reasons for accounting regulatory increases, (ii) what it means for the client and your firm, and (iii) the status of the issue moving forward as we navigate many challenges facing the industry.

Topic Option 2
Your managing partner Lee is preparing a “Measurement in Zoom” workshop for his most valuable clients and has asked you to prepare a recorded and written briefing presentation on the factors to consider when selecting a measurement basis. Lee has asked you as a recent graduate to undertake this important task so you can use latest research and apply your judgement on what this means specifically for his two most important clients.

Topic Option 3

You have been asked by the managing audit partner, Muriel, in the accounting firm where you work to brief a new client who has some questions on accounting regulation in Australia. The client is a large food producer based out of the USA called Cambel, who are contemplating establishing large-scale growing and processing operations in South Australia. Cambel are based in Idaho (US) and have complied with US GAAP and their accounting team who are assessing all regulatory requirements, are concerned about the different accounting standards in use in Australia and would like your expert advice including the following:
(i) why and how the convergence to IFRS is taking place in Australia and what this means for the US, assuming US GAAP does not converge, and
(ii) an example of a particular IFRS application to demonstrate how IFRS might affect Cambel’s investment decisions.

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