代写 Swinburne ACC80005 Financial Accounting Theory

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  • 代写 Swinburne ACC80005 Financial Accounting Theory
     
    ACC80005 Financial Accounting Theory
    Semester 1, 2016
    T HIS ASSIGNMENT MUST BE UNDERTAKEN INDIVIDUALLY AND CARRIES 30% OF
    THE TOTAL MARKS IN THIS UNIT OF STUDY
    Assignment
    Integrated reporting (<IR>) is an innovative approach to corporate reporting which is
    gradually gaining international recognition. The International Integrated Reporting
    Committee (IIRC), which is the peak body driving the integrated reporting agenda
    internationally, explains that integrated reporting is about “communicating the full range of
    factors that materially affect the ability of an organization to create value over time” (IIRC,
    2013a, p.8). According to the IIRC “an integrated report is a concise communication about
    how an organization’s strategy, governance, performance and prospects, in the context of its
    external environment, lead to the creation of value in the short, medium and long term.”
    (IIRC, 2013b, p.1)
    Required
    1) Flower (2015) explains that the IIRC was initiated with the purpose of creating a globally
    accepted framework for accounting for sustainability (The Prince's Accounting for
    Sustainability Project and Global Reporting Initiative, 2010) but what ultimately
    eventuated is a framework for communicating to providers of financial capital the “ability
    of an organization to create value over time” (IIRC, 2013a, p.8). It seems that IIRC
    abandoned the sustainability agenda along the way. How would you explain the IIRC’s
    change of focus in relation to integrated reporting? When constructing your answer use
    one or more theories to explain the reason(s) for IIRC’s change of focus. You should
    conduct your own desk research to obtain supporting evidence and facts to strengthen
    your arguments and justify the appropriateness of the selected theory/theories. (approx.
    1250 words) (15 marks)
    2) Tweedie and Martinov-Bennie (2015) argue that integrated reporting as conceptualised by
    the IIRC upholds the entitlements of providers of financial capital over other stakeholders
    and organisational sustainability over social sustainability.
    a) Using an appropriate theory support the view that listed companies should focus on
    the information needs of financial capital providers over other stakeholders. You are
    required to draw on empirical research evidence to support your arguments. (approx.
    500 words) (5 marks)
    2
    b) Assuming the focus of listed companies is financial capital providers, critically examine
    the extent to which sustainability considerations are important or not important for them.
    When constructing your answer distinguish between the concepts of organisational
    sustainability and social sustainability (also refer to Flower (2015) who uses a similar
    dichotomy labelled “value for society” versus “value for investors”). Your discussion
    should draw upon the research on information needs of providers of financial capital.
    (approx. 750 words) (10 marks)
    This is a research assignment and as such your assignment should provide your personal view
    based on research evidence, theory and original thought.
    In your assignment, you are expected to draw on:
    • relevant accounting theories
    •  the International Integrated Reporting Framework issued by the IIRC (available at:
    http://www.theiirc.org/wp-content/uploads/2013/12/13-12-08-THE-INTERNATIONAL-
    IR-FRAMEWORK-2-1.pdf)
    • scholarly articles from academic journals
    • reports issued by professional accounting bodies, accounting firms (particularly, the Big
    4), regulatory bodies, the IIRC and other organisations
    • official websites of professional accounting bodies, accounting firms (particularly the Big
    4), regulatory bodies, the IIRC and other organisations
    • media reports on integrated reporting
    Notes
    Integrated reporting is covered in Chapter 9 (pp. 458-462) of your textbook. The theoretical
    knowledge necessary to successfully complete this research assignment is not confined to one
    or few topics but spread across many topics in this unit. Therefore, you may want to read
    ahead.
    Some guidance on reading scholarly journal articles is provided on the Blackboard site of this
    unit. As a starting point, some key references are provided at the end of this document under
    “Other key references”.
    Referencing
    To avoid plagiarism, you are required to provide a reference whenever you include
    information from other sources in your work. Further details regarding plagiarism are
    available in Section C of the unit outline.
    Referencing convention required for this unit is the Swinburne Harvard System. Helpful
    information on referencing using the Swinburne Harvard System can be found at:
    http://www.swinburne.edu.au/lib/studyhelp/harvard_style.html
    3
    Submission Guidelines
    Word count: The assignment should be structured in such a way that the three (3)
    requirements are addressed separately. The entire assignment should not exceed 2500 words
    (+/- 10 per cent) (excluding title page, table of content and reference list but including
    footnotes, endnotes and appendices). An executive summary is not required. Please provide a
    word count on the cover sheet.
    Marking: The rubric for marking this assignment is available on the Blackboard site of this
    unit and in the unit outline.
    Format: Page margins: Top - 2.54 cm; Bottom - 2.54 сm; Left - 3.2 сm; Right - 3.2 сm.
    Paper: Portrait, A4 size  (8.27 inch x 11.69 inch)
    Font size: 12 pt | Line spacing: 1.5 lines | Paragraph spacing: 6 pt | Alignment: Justified
    Insert page numbers at the bottom of the page
    Assignment submission
    Assignment must be submitted through the Blackboard assessment submission system (via
    Turnitin) and by placing in a specially assigned assignment drop box located on level 11 of
    the BA building.
    Online submission: Your assignment must be submitted via the Turnitin facility available on
    Blackboard no later than 5.00pm on 15 th April, 2016. Students must also keep an electronic
    or photocopied version of their assignment for evidentiary purposes.
    Hard copy submission: A hardcopy version of the assignment should also be submitted by
    the due date (i.e. at 5pm on the 15 th April, 2016). A duly filled Assessment Cover Sheet must
    be submitted with the hard copy of the assignment. The standard Assessment Cover Sheet is
    available from the Current Students web site.
    References
    Flower, J. (2015). The International Integrated Reporting Council: A story of failure. Critical
    Perspectives on Accounting, 27(1), 1-17.
    IIRC. (2013a), "Consultation Draft of the International <IR> framework", available at:
    http://www.theiirc.org/wp-content/uploads/Consultation-Draft/Consultation-Draft-of-
    the-InternationalIRFramework.pdf accessed 17 April 2013.
    IIRC. (2013b), "The IIRC", available at: http://www.theiirc.org/the-iirc/ accessed 27 June
    2013.
    The Prince's Accounting for Sustainability Project and Global Reporting Initiative. (2010),
    "Formation of the International Integrated Reporting Committee (IIRC)", available at:
    http://www.theiirc.org/wp-content/uploads/2011/03/Press-Release1.pdf accessed 20
    August 2014.
    Tweedie, D., & Martinov-Bennie, N. (2015). Entitlements and Time: Integrated Reporting's
    Double-edged Agenda. Social and Environmental Accountability Journal, 35(1), 49-
    61.
    代写 Swinburne ACC80005 Financial Accounting Theory
     
    Other Key References
    Abhayawansa, S., & Guthrie, J. (2014). Importance of intellectual capital information: A
    study of Australian analyst reports. Australian Accounting Review, 24(1), 66-83.
    Adams, C. A. (2014). The International Integrated Reporting Council: A call to action.
    Critical Perspectives on Accounting (Article in Press - available online).
    http://dx.doi.org/10.1016/j.cpa.2014.07.001
    Cascino, S., Clatworthy, M., Osma, B. G., Gassen, J., Imam, S., & Jeanjean, T. (2013). The
    use of information by capital providers: The Institute of Chartered Accountants of
    Scotland (ICAS) and the European Financial Reporting Advisory Group (EFRAG).
    Global Reporting Initiative. (2013). The sustainability content of integrated reports – a
    survey of pioneers. Amsterdam: Global Reporting Initiative.
    Jill, A. and Warren, M. (2015), "Integrated reporting in South Africa in 2012: perspectives
    from South African institutional investors", Meditari Accountancy Research.
    Lawrence, A. (2013). Individual investors and financial disclosure. Journal of Accounting
    and Economics, 56(1), 130-147.
    Melloni, G. (2015), "Intellectual capital disclosure in integrated reporting: an impression
    management analysis", Journal of Intellectual Capital, Vol. 16 No. 3, pp. 661-680.
    Reuter, M. and Messner, M. (2015), "Lobbying on the integrated reporting framework: an
    analysis of comment letters to the 2011 discussion paper of the IIRC", Accounting,
    Auditing & Accountability Journal, Vol. 28 No. 3.
    Sakakibara, S., Hansson, B., Yosano, T., & Kozumi, H. (2010). Analysts’ perceptions of
    intellectual capital information. Australian Accounting Review, 20(3), 274-285.
    Soh, D. S., Leung, P. and Leong, S. (2015), "The Development of Integrated Reporting and
    the Role of the Accounting and Auditing Profession", in Social Audit Regulation
    (Springer), pp. 33-57.
    Stent, W. and Dowler, T. (2015), "Early assessments of the gap between integrated reporting
    and current corporate reporting", Meditari Accountancy Research, Vol. 23 No. 1, pp.
    92-117
    Setia, N., Abhayawansa, S., Joshi, M. and Huynh, A. V. (2015), "Integrated reporting in
    South Africa: Initial evidence", Sustainability Accounting, Management and Policy
    Journal, Vol. 6 No. 3, pp. 397-242.
    Thomson, I. (2014). ‘But does sustainability need capitalism or an integrated report’ a
    commentary on ‘The International Integrated Reporting Council: A story of failure’
    by Flower, J. Critical Perspectives on Accounting. (Article in Press - available
    online). http://dx.doi.org/10.1016/j.cpa.2014.07.003
    代写 Swinburne ACC80005 Financial Accounting Theory