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A major perspective on accounting (financial reporting) regulation views regulation as being required to protect the public interest. However, the regulatory capture and economic (private) interests perspectives argue that the public interest objective could be adversely affected by various factors.
The assignment question requires you to explain the above three perspectives on accounting regulation. In particular, to what extent do you believe that, within the Australian financial reporting regulatory environment, the issues of regulatory capture and private interests do adversely affect the objective of the provision of useful information for users of public company financial reports? State any recommendations you would make to reduce any potential for adverse impacts, and comment on what the three perspectives mean for the role and power of accountants in society.
Write a research essay addressing the above assignment question. You are required to fully explain your viewpoints and support your decision by academic research papers (at least 3 peer-reviewed academic papers) plus newspaper articles, textbooks and other reliable sources of literature.
Use the given information to complete Phillip and Claire Dunphy's 2012 federal income tax return.
He also plans to increase his annual deposit by $200 per year. if the college fund earns 4.5% interest, how much money will be in the account 18 years from now?
Cash flows from operating activities and Net income will be increased or adjusted upward and Net income will be decreased or adjusted downward.
On that date, when the market price of Oliver was $14 per share, there were 180,000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from this property dividend?
Questions based on consolidated balance sheet - Compute the total goodwill reported in P's consolidated balance sheet at 1/1/09
Determine cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d ) LIFO.
Calculate the cost to be allocated to Type 1 and Type 2 lumber, respectively, if the value basis is used. Don't round your intermediate calculations
Calculate diluted earnings per share for 2012, assuming the same facts as above, except that $1,000,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Lindsey common sto..
Deferred income tax assets are recognised only to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, carried forward tax credits or tax losses can be utilised. Illustrate is thi..
Prepare a bank reconciliation at July 31, 2007 and Journalize the adjusting entries at July 31 on the books of DeVries Company.
Based a variable costing approach, how would you maximize profits and Based on a throughput costing approach, how would you maximize profits?
pure competition firms make economic losses, but monopolistic competitive firms make economic profits. d) pure competitors confront a perfectly elastic demand curve, while monopolistic competitive firms face a downward-sloping demand curve.
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