Applied Financial Accounting: RESEARCH REPORT

Detailed Information

The research project aims to give students the opportunity to critique a current accounting practice
or related topical issue from more than one perspective or theoretical frame. The lecture readings
have been selected to introduce students to the various ways in which the same phenomenon can
produce different insights. Therefore, the research project will require students in their assigned
groups to apply two theoretical or conceptual frameworks to a contemporary topic or issue in the
public domain.
On 6 February 2018, the following article Mather J. (2018) “Tax Office Probes $80b in
revaluations”, The Australian Financial Review, p.8 was published in one of Australia’s major
newspapers. A similar article is also available online at http://www.afr.com/news/policy/tax/atoprobes-27-multinationals-over-80b-in-revaluations-20180205-h0ttkc

The
article
highlights
several
accounting
issues
and
their
impact
on users,
preparers
and
regulators

of
financial
statements.
It
also
refers
to the concerns
for
a
range
of other
stakeholders.
Therefore
the
issue
of the
accounting
treatment
of economic
transactions
and
taxation
is a
complex
one
and

highlights
how
a
different
perspective
on the same
phenomenon
can
yield
different
insights,

especially
the impact
on organizations
on
society.

Required:

Critically
evaluate,
using
two
different
perspectives
(theories)
or
conceptual
frames,
the
accounting
and
ethical
issues
referred
to in
the Mather
(2018)
article.
In
your
critique

compare
the insights
from
each
perspective
and
highlight
the
different
impact
on preparers,

users,
regulators
and
the public.

Note:
students
are
not confined
to the
theories
introduced
in and will
need
to
read
widely
on
different
perspectives
(theories)
to demonstrate
and
understanding
of the
concepts
involved
and

their
application
to the
topic
in question.
A minimum
of ten
(10)
scholarly,
academic
articles
is
expected
for
this assessment
task.

find the cost of your paper