ACCY903: Siddiqui and Humphrey Case Study - Accounting and Finance Assignment Help

Assignment Task:

Task:

Student Learning Outcome
Consider the ethical dimension of business and business practices and the challenges of accounting for new phenomena.

Activity 1: Siddiqui and Humphrey (2016)
1. Watch the youtube video at https://www.youtube.com/watch?v=ZSrpqaPTJ5Q
2. Complete the basic definition of different theories
3. Read Siddiqui and Humphrey and identify an example of the following in the table below.

•  Huge amount of money at stake – requires an audience (virtual or in- person) as the revenue stream

4. Reflect on the relevance of ‘keeping score” in cricket and measurement issues in accounting for decision making?

•  Meticulous (objective) system changed to a system of estimation and judgement to ensure a winner.
•  Several algorithms to determine the ‘fairest’ way of estimation and improve the ability to determine a winner.
•  Accounting – measurement – historic cost to fair value and the estimation of going concern, future cash values, current market value.

o Changes to provide a “true and fair” view – representational faithfulness.
o More reliable information for decision making by investors.

5. Consider the influences on the changes to cricket scoring and the fraudulent practices that occurred with the Indian Premier League.

6. Reflect on whether the Professional Code of Conduct keeps accountants behaving ethically?

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