Tips to write T2 2019 HI6025 Accounting Theory and current issues
About Subject HI6025 Accounting Theory and Current Issues !!
HI6025 Accounting Theory and current issues is one of the recognition subjects for Master of professional accounting (MPA). Recognition subjects are kind of flagship subject for the particular domain like the four subjects are recognition for MPA which are Hi6025 Accounting theory and current issues, HI6026 Audit, Assurance and compliance, HI6027 Business and corporate law and Hi6028 Taxation theory, practice and law. Hence these subjects would provide the core knowledge and practical experience for the students pursuing MPA courses in Holmes Institute. The aim of including this subject in MPA curriculum is to develop knowledge of accounting models among students and help them to apply these models in relation to the Australian accounting standard board (AASB) to the various emerging issues.
About Assignment HI6025 !!
During the coursework of HI6025 Accounting theory and current issues students are being assessed based on online quizzes, assignments and final exam. Assignment which is designed for the current subject would be able to help students in evaluating usefulness for the financial reporting systems and entities prevailing in Australia and adoption of IFRS. This assignment would also help the students in order to conduct their research on the other countries which have adopted IFRS practice in last 5 years and relevant literature would be looked after. Through deep examination of relevant literature review, issues pertaining to adoption of IFRS would be found out such as benefits & challenges, transaction issues and future directions etc.
Required Task: In the body of the assignment, students will have to critically discuss the following issues:
- The relevance of the Conceptual Framework of financial reporting. How useful is it with examples to illustrate your arguments.
- Compare and contrast the implementation of IFRSs in Australia and one other country of your choice. The second country must have adopted IFRSs for at least 5 years. For each of the two countries, discuss the following:
- reasons for the national accounting body adopting IFRSs and when it was adopted;
- transitional issues faced (within a year or two), with examples;
- what challenges were faced by reporting entities upon adopting IFRSs. (Do not discuss transitional issues here). Include specific examples of accounting standard(s) and discuss the issues that made them challenging/difficult to adopt, to support your arguments;
- what were the benefits of adopting IFRSs by reporting entities;
- the similarities and differences in the adoption of IFRSs faced by Australia and the other country you have chosen. Include what factors had caused the differences you found.
- Based on your findings, do you think the adoption of IFRSs were successful in the two countries? Explain your answer.
- Provide two recommendations to the national accounting setting bodies (incl. AASB) on ways to ensure the IFRSs continue to be relevant to users’ needs and to all sectors of the economy.
Tips to write HI6025 Accounting theory and current issues assignment
We would like to provide 10 key tips which would be helpful for the students in order to accomplish this assignment and score high marks:
- Follow the assignment structure recommended by class teacher: There is a pre-defined structure of the assignment which needs to be followed and it contains abstract, TOC, Intro, body, conclusion and list of references which needs to be followed completely.
- Marking criteria for the present assignment provides each and every detail pertaining to which the assignment marks would be awarded by the teacher. So we need to take care of that and most important aspect here is relevance of conceptual framework of financial reporting along with example as it contain 5% marks.
- Similarly, transaction issues, challenges and other key factors contains weight age of 3% and should be included in the assignment
- Do not copy paste any of the content so as to make sure assignment remain 100% plagiarism free
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