7101AFE Financial Accounting Theory and Practice Tutorial Questions for Tutorials 1- 6: Semester 1 2015 TUTORIAL 1 - Semester 1 2015 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 – Question 1.2: If you developed a theory to explain how a person’s cultural background influences how they prepare financial statements‚ would you have developed a positive theory or a normative theory? The first of all‚ it is important to understand the mean by a ‘theory’. According to Contemporary
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Questions 1.‘A theory that is purely syntactic is sterile.’ Comment. How can this statement relateto accounting? A syntactic theory is one that is capable of testing on the basis that it is valid in terms of itslogical consistency. Thus the calculation of accounting profit and determination of assetvaluation can be valid in relation to their conformity with rules prescribing the measurementof accounting profit and asset valuations. This can be described as sterile as it does notnecessarily relate
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with planning) TOPIC: Discuss positive accounting theory and contrast it with normative accounting theory. Provide examples where appropriate. The purpose of this essay is to provide an overview of positive accounting theory (PAT) and highlight how this theory differs to normative accounting theory. Definitions and assumptions of both theories will be considered and examples of the theories will be provided. In addition specific theories related to PAT namely agency and the efficient
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On 8 February 1790 the society became formally constituted on this broader basis by the adoption of the rules drawn up by Barnave‚ which were issued with the signature of the duc d’Aiguillon‚ the president. The club’s objectives were defined as follows: firstly‚ the club sought to discuss in advance questions to be decided by the National Assembly. Secondly‚ Jacobin members attempted to work for the institution and solidification of the constitution in agreement with the disposition of the preamble
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Critically evaluate the evidence that memory consolidation is one of the primary functions of sleep For centuries people have considered the idea that sleep has an impact on learning and memory (Stickgold‚ 2005). However‚ in the last couple of decades this topic has experienced a surge in research; this has led to huge advances in our understanding‚ particularly surrounding sleep-dependent memory consolidation (Stickgold‚ 2005). Memory consolidation is the process whereby new memories are encoded
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Solutions Manual to accompany Accounting Theory 7e BY Allan Hodgson‚ Victoria Wise John Wiley & Sons Australia‚ Ltd 2010 Chapter 11: A positive theory of accounting policy and disclosure THEORY IN ACTION Theory in Action 11.1 Objections to crackdown 1. What are the likely components of a chief executive officer’s (CEO) management compensation package that might be affected by the proposed changes? It is most likely that the cash component of CEO compensation packages would
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Week 2: Topic 1: Financial Accounting Theory & the Reporting Environment GHTHH Chapter 2 5. Researchers who develop positive theories and researchers who develop normative theories often do not share the same views about the roles of their respective approaches to theory construction. (a) How do positive and normative theories differ? (b) Can positive theories assist normative theories‚ or vice versa? If yes‚ give an example. If not‚ why not? Normative accounting research makes policy recommendations
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reached about what perspective theories should be used to explain the Social and Environmental Accounting‚ and moreover critique voices are from the works of Marx or by the deep-green or feminist literatures (Deegan‚ 2002)‚ to some extent‚ systems-oriented theory and Positive Accounting Theory can list some hints. This essay will seek to explain the reasons why firms voluntary disclosure information by referring to Legitimacy theory‚ Stakeholder theory‚ institutional theory‚ and lastly Political Costs
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Learning Log Week -2 Lecture: In this lecture I had the understanding‚ why accounting bodies are so heavily regulated by the government. After the corporate collapse‚ accounting body lost the trust of public. Our work was not transparent and therefore‚ was no longer reliable. Regulator body such as ASIC‚ AASB‚ FRC and ASX are formed after the corporate collapse. ASIC is the corporate ‘watch dog’ who monitors FRC‚ AASB and office of AASB. Why we need regulation? Because it is human nature to
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Faculty of Commerce Faculty of Commerce - Accounting & Finance Working Papers University of Wollongong Year Accounting Theory and Practice: the Ethical Dimension M. Gaffikin University of Wollongong‚ michael gaffikin@uow.edu.au This working paper was originally published as Gaffikin‚ M‚ Accounting theory and practice: the ethical dimension‚ Accounting Finance Working Paper 07/04‚ School of Accounting Finance‚ University of Wollongong‚ 2007. This paper is posted at Research Online. http://ro
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