In the 18 chapters in this volume of Contemporary Studies in Economic and Financial Analysis , expert contributors gather together to examine the extent and characteristics of forensic accounting, a field which has been practiced for many years, but is still not internationally regulated yet. For a limited time, find answers and explanations to over 1.2 million textbook exercises for FREE! Accounting Theory and Contemporary Issues: Assessment Title: Assessment 3 – Individual Assignment: Assessment Type: Written report (15%) and Video Presentation (5%) Word Count: 800: Words (+/-10%) Weighting: 20 %: Total Marks: 20: Submission: Written report via Turnitin and Video Presentation via Moodle: Due Date: Monday of Week 10 at 15:55 AEST Environmental factors and organizational factors are believed to be an underpinning theory for challenges faced by management accountants in the 21st Century. Accounting practices can be regarded as the most vital instrument of corporate governance. Contemporary Environmental Accounting: Issues, Concepts and Practice has been written by two of the world's leading experts in the field in order to provide the most comprehensive and state-of-the-art textbook on environmental accounting yet attempted. The problem with these theories is the measurement issues Hoogervorst (2014) says that the root of the problem in the current accounting policies and principles lies on the moral hazards of the financial markets. The text explores advanced accounting concepts and policies by applying them to a range of contemporary accounting issues. Designed to expand on your professional knowledge, Contemporary Issues in Accounting Theory will broaden your understanding of contemporary accounting. Similarly, the theory of the firm argues that accounting is a means of decreasing transaction cost. Accountants need to diversify their skills. The different types of choices related to the accounting principles are likely to indicate whether the management must take aggressive or conservative steps in calculating the reporting. Pages … Further, there are different types of principles associated with the basic accounting theory such as the matching principle, cost principle, monetary unit assumption, and materiality. Contemporary Issues and Challenges in Human Resource Management 8 This book does not exhaust the vast subject of challenges in contemporary Human Resource Management. they take full responsibility, especially when reviewing the company’s sensitive financial information. Contemporary Issues in Accounting (Theory) One of the most debatable or contentious issues in the accounting is measurement. The concept of corporate social responsibility in accounting highlights that business organizations must be aware of the impact of the environment and society. Accounting Theory Case Study 1: Revisiting the Conceptual Framework Answer1: Requirement of Conceptual Framework. Delivering to deadline without killing yourself. Financial reporting is, crucial, especially to a company’s potential investors, lenders and creditors, because it is a tool that they, can use to make proper decisions about the company. SYNOPSIS: This unit in financial accounting has two basic teaching objectives: (1) to provide an examination of the framework of the accounting model and the underlying theories and concepts of accounting; (2) to consider and evaluate a number of contemporary issues in financial accounting, and the implications of accounting theory for existing accounting practices and reporting procedures. The accounting theory, highlights the framework, assumptions, and methods used in examining how financial reporting, principles are useful. David Thompson. © 2019 Need Assignment Help. The organizations can make intelligent as well as advantageous decisions concerning the business operation and the decision-making process in a business. The regulators seek to make ensure that there is accountability, transparency, and shareholders participation on boardroom … Contemporary Issues In Accounting Theory; Add to My Courses. A Local Government Perspective. Get step-by-step explanations, verified by experts. Professor Knapp has also testified in several major litigation cases involving accounting and auditing issues.