Employee benefits through the lens of cultural effects

Assignment Help Cost Accounting
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.

Verified Expert

Reference no: EM13708972

Questions Cloud

Manufacturing does not require a final shaping operation : manufacturing does not require a final shaping operation. Cooling the outer layer of ceramic quickly may leave it in residual. Ceramics based on SiO2 are known as
Determine the total flow exergy rates at the valve inlet : Water vapor enters a valve with a mass flow rate of 1 kg/s at a temperature of 260 degrees C and a pressure of 3.5 MPa, and undergoes a throttling process to 2.75 MPa (T0=25, P0=100kPa).
Octave is defined as a doubling of the frequency : An octave is defined as a doubling of the frequency. The claim is made that a low-pass Butterworth filter of order n has a roll-off (attenuation) of 6n dB/octave. Calculate the gain in dB for a second-order filter for the cut-off frequency itself, an..
Voltage signal is produced by a transducer : A voltage signal is produced by a transducer.  The signal contains its strongest frequency component at 50 Hz (Amplitude = 5.0 V), plus a weaker component at the second harmonic (100 Hz) with amplitude 2.0 V. In addition, there is noise at 60 Hz with..
Employee benefits through the lens of cultural effects : Analyse the applicable accounting standards to determine the reporting requirements under each accounting standard - executives compensations and employee benefits through the lens of cultural effects
Radial vortex in water rotates at a speed : A radial vortex in water rotates at a speed of 3 radians/sec. The center of the vortex is also moving downstream at a linear velocity of 2 ft/sec. Create a plan-view plot that shows the path line of a fluid particle that rotates at a fixed radius of ..
Determine the reading of the pressure gauge : A 400 L rigid tank contains 5 kg of air at 25 degrees C. Determine the reading of the pressure gauge if the atmospheric pressure is 97 kPa.
Compose an essay using at least three csu library : Compose an essay using at least three CSU library references in which you do the following:  Contrast the differences between a project and a process.?  Explain why project management is often used to train future senior executives.
Air undergoes a polytropic process in a piston cylinder : Air undergoes a polytropic process in a piston cylinder from p1=1bar, T1=295K to p2=7bar. The air is modeled as an ideal gas and kinetic and potential energy effects are negligible. For a polytropic exponent of 1.6, determine the work and heat transf..

Reviews

Write a Review

Cost Accounting Questions & Answers

  Gross profit for the month of april 2012

Post the transactions to T accounts. Be sure to enter the beginning cash and common stock balances and prepare the income statement through gross profit for the month of April 2012.

  Dicks sporting goods makes customized uniforms the great

dicks sporting goods makes customized uniforms. the great northwest league has provided to buy 80 basketball jerseys

  Calculate basic earnings per share

How would your answers in parts 1 and 2 change if 50 of the 5.8% bonds discussed in section (3) above were converted on October 1, 2013? Show your work.

  Why does the portfolio manager establish two positions

Why does the portfolio manager establish two positions - what is the initial cash outflow from the two positions?

  Evaluate account balances

Shiras Distributing Company had the following account balances - the company completed the following summary transactions.

  A discount furniture store is about to open in the area

A discount furniture store is about to open in the area served by Charlie's, and management is considering  lowering prices in order to compete effectively.

  Do you agree with the proponents of the exclusion

To date, Congress has concluded that the benefits gained by the states and municipalities and their residents, such as access to capital and the creation of jobs to construct and maintain critical infrastructure, outweigh any damages to our progre..

  Journalize the entry to record the sale

Assuming that the equipment had been sold on January 9, 2012, for $310,000 instead of $290,000, journalize the entry to record the sale.

  Prepare the journal entries for heidebrecht design

Prepare the journal entries for Heidebrecht Design for 2014 assuming Heidebrecht Design cannot exercise significant influence over Quayle.

  Transform financial statements from barclays bank group

Transform financial statements from Barclays bank group limited, to an XBRL (GAAP or IFRS)instance Document

  Prepare the production cost report for plant

Compute the physical units of production and compute equivalent units of production for materials and for conversion costs and determine the unit costs of production.

  Reconciliation procedure

Bank reconciliation of Silvestre Company - The May bank statement and the May cash payments journal are given here.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd