International Financial Accounting (BUS238)

OPTION 1

The aim of the coursework is to demonstrate understanding of current issues in accounting by discussing the recent debate related to fair value accounting in time of financial turmoil. The following issues are to be dealt with:

i. Discuss the difference between historical cost accounting and fair value accounting, in general and as defined under US GAAP and IFRS.

ii. Discuss advantages and disadvantages with fair value accounting and historical cost accounting in the light of the development on the financial markets in the latter part 2008.

iii. Discuss which measurement basis you think is the most appropriate. The suggested readings (this is not an exhaustive list but a starting point to help you find more material to read and use): Penman, S.H. (2007). “Financial reporting quality: is fair value a plus or a minus?” Accounting and Business Research Special Issue: international Accounting Policy Forum, 33-44. Laux, C. and C. Leuz. (2009). “The crisis of fair-value accounting: Making sense of the recent debate.” Accounting, Organizations and Society, 34: 826-834. There is a 2,000-word limit to the essay. It will require students to research the topic and apply their knowledge to the specific question. 

#International #Financial #Accounting #BUS238

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Module 6 Discussion     Treatments for Genitourinary Tract Disorders 1. Describe

Module 6 Discussion     Treatments for Genitourinary Tract Disorders 1. Describe urinary tract infection, causes, symptoms and treatment 2. Discuss treatment for benign prostatic hyperplasia 3. Describe overactive bladder, causes, symptoms and treatment  4. Treatment options and recommendations for different STIs (Chlamydia, Gonorrhea and Syphilis) Submission Instructions: · Your initial

  Part 1: Creating a Transition Plan Read “Case Scenario: Alex.” Create an IDEA-compliant transition plan for Alex using a template of your choice. The

  Part 1: Creating a Transition Plan Read “Case Scenario: Alex.” Create an IDEA-compliant transition plan for Alex using a template of your choice. The plan should address the following. Identify Alex’s strengths, preferences, and interests. Measurable postsecondary goals for education/vocational training, jobs and employment, and independent living. Support for