Current Developments In Accounting Thought This assignment is designed to assist you in: • Gathering and synthesizing knowledge in order for you to analyze and comment critically on the application of accounting theories; • Critically appraising the objectives of accounting and relate them to the various concepts of accounting; • Analyzing the possible usefulness of alternative measurement systems to historical cost; And • Developing your learning through the application of the concepts covered in topics 1 to 3 Content assessed: Various accounting theories, measurement issues under IFRS and Conceptual Framework. Key generic skills: Research, critical thinking and analytical writing