Foreseeing the Development of Accounting in the Future Based on its Current Level of Economic Growth

Name : ________________________________________________
Student ID : ____________________________________________
Proposed Research Title: Foreseeing the development of accounting in the future based
on its current level of economic growth
Client Organisation (if applicable)
Accounting Sector
Research Background
The subject of research is to examine the development of accounting in the future based on its
present level of economic development in the context of Australia.” In the existing period, the
accounting plays a significant role in the economic development in Australia. Australia has
adopted the IFRS standards. The adoption of the IFRS by the profit-making entities is beneficial
for the economy of Australia. After the adoption of the IFRS standards, the excellence and the
comparability of the financial information has been increased. The better implementation of IFRS
standards enables the investors and forecasters to analyses the future growth of the organizations.
Australia has also adopted the Accounting Information System (Loyeung, et al., 2016). The
Accounting Information System helps in making the solid, reliable, fair, and transparent business
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environment. The Accounting Information System helps in better implementation of the
corporate governance practices and the policies. It creates the healthy environment of taking the
good decision of business. In Australia, the pre-eminent journal ‘Australian Accounting Review’
is published regularly. The Australian Accounting Review renders the detailed discussion and
critical examination of the business and economy growth, which influence the employees and
management in the field of finance, accounting, and business of the company.
Research Problem / Research Question
Research Problem
Foreseeing the development of accounting in the future based on its current level of
economic growth
Research questions
The following research questions will be accomplished caused of the attainment of
research goal.
 What do you understand by IFRS Australia and Accounting Information System
 What are the key benefits and their possible influence of IFRS Australia and
Accounting Information System to improve the economic condition
 What are accounting strategies for improving Australian economic condition in
future
Research Aim and Objectives
The main aim of this research is to address the upcoming development in the accounting
sector for increasing the growth of the economy. The following objectives will be
completed to meet the specified aim of this study:
 To explore the conceptual understanding about IFRS Australia and Accounting
Information System
 To understand key benefits and the possible influence of IFRS Australia and
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