Employee benefits through the lens of cultural effects

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Reference no: EM13708972

Making sense of company executives compensations and employee benefits through the lens of cultural effects

Task Details:

Note the accounting standards of executive compensation schemes used in Australia are AASB 2 and AASB 119. You need to find out what are the applicable standards in your home country.

Analyse the applicable accounting standards to determine the reporting requirements under each accounting standard. You analysis should include:

• the initial recognition,

• measurement; and

• disclosure requirements prescribed by each standard.

Analyse the annual reports of your chosen companies in light with the standard requirements. Your analysis should include the following:

• Are the annual reports in compliance with the standard requirements? You need to use extracts from the annual reports to support your analysis. Provide screen shots of the relevant sections from the reports in your assignment.

• If they are not in compliance, explain the reason. You may find the explanations in the notes to the financial statements or in the Director's Report.

• Compare and contrast the two annual reports, identify the differences in disclosures of executive compensation schemes and employee benefits. Do not discuss these differences in terms of accounting standard requirements. Explain these differences in light of cultural effects, e.g.,

language, religion, legal systems etc., and strategies of the organizations, etc.

Students are to critically analyse and develop supported recommendations and conclusions, in reference to the relevant accounting standards in your home country and in Australia for the accounting disclosures of such compensation schemes, taking into account any potential cultural effects.

The analysis and supported recommendations need to be formatted into a professional report as would be expected in a modern organisation by management and clients.

Research Students need to support their analysis and recommendations with the text and requiremnts: minimum of 10 recent and relevant academic journal articles. Other sources may also be used but students need to be confident of the academic validity of such sources.

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