Some important notes about my assignment
in QN 1
1.
• find a newspaper article of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after the 1st of January 2017 like Sydney morning herald newspaper. Do not use any academic article please news article should be from newspaper.
• Issues of that news should be linked with the topic and related theory of the book i.e. Deegan, C. (2014). Financial accounting theory (4th ed.). McGraw-Hill: Sydney.
• news article should be attached in the appendix part (Compulsory)
•
• in QN 2
•
o current exposure draft or proposal for a new accounting standard which has been opened for public comments. (These can be found on the websites of most standard-setting organisations, such as the IASB, AASB and FASB
o
Read a sample of the comments from a range of respondents. Select four respondents, ideally from different types of organisations for example, from accounting bodies, industry, companies or corporate bodies
Introduce the major issues in the new standard
b) Explain if there is generally a consensus or if there is disagreement between the commenting parties. Examine in detail why some parties may have a dissenting point of view.
c) Analyse the assumptions behind public interest, private interest and capture theories and evaluate which one best explains each of the comment letters.
VERY IMPORTANT THING: Please note: you need to attach the comment letters you selected for your report (there is no need to attach the exposure draft
• Please consider all these important things and also take a reference from:
• Deegan, C. (2014). Financial accounting theory (4th ed.). McGraw-Hill: Sydney.