HI6025 : Accounting Theory and Current Issue - Finance Assignment

Case Study :  Evaluate accounting quality, for a company of your choice, by assessing accounting policies and estimates and prepare an investigative report on Managers’ Accounting and Reporting Strategy Choice. a)Read and gain in-depth understanding of the various normative and positive theories of financial accounting from the text book and from other relevant & credible literature b) Be aware of some of the limitations of the various theories of accounting c) Appreciate that there is no single unified theory of accounting d) Understand the various pressures and motivations that might have an effect on the methods of accounting selected by an organisation e) Understand what is meant by ‘creative accounting’ and why it might occur. f) Understand Financial statement preparation process (from Business Activities to Financial Statements) and the various influencing factors from this document and from other credible sources. g) In-depth knowledge on Accounting Framework.