Accounting Theory and Contemporary Issues

Running head: ACCOUNTING THEORY AND CONTEMPORARY ISSUES
Accounting theory and contemporary issues
Name of the student
Name of the university
Authors note

ACCOUNTING THEORY AND CONTEMPORARY ISSUES
1
ABC Consulting Firm
Mr Karman T,
Deputy Manager,
Dick Smith Holdings Limited
Melbourne, Australia
21.05.2019
Dear Karman T,
(Accounting & Contemporary Issues)
I am very pleased to inform you that I am submitting my report on the as per your request on
the topic of accounting theory and contemporary issues as on May 12, 2019 which is related
to the Dick Smith Holdings Limited. The details of this report includes the background of the
company, the governmental measures related to the collapse of this company, other major
areas which have been responsible for this collapse and the governmental measures prevent
this from occurring second time.
In the preparation of this report all the requirements and rules have been strictly followed and
it has highlighted the marking skill of this company.
Finally I would like to thank for giving me the opportunity to express my view on this report
and familiarizing myself with the company details.
Yours sincerely,
Adam Smith
Accountant and Financial Consultant

ACCOUNTING THEORY AND CONTEMPORARY ISSUES
2
Part 2: Final Business Report
“Report on Accounting Theory and Contemporary Issues
And its impact on Dick Smith Holdings Limited
THURSDAY MAY 15, 2019
COMPANY: DICK SMITH HOLDINGS LIMITED

ACCOUNTING THEORY AND CONTEMPORARY ISSUES
3
Table of Contents
Executive Summary...................................................................................................................4
1.0 Introduction:.....................................................................................................................5
1.1 Research topic..................................................................................................................5
1.2 Background of Report:.....................................................................................................5
1.3 Strategic Errors:...............................................................................................................7
Market Change...................................................................................................................7
High Cost Social Network.................................................................................................7
Downward Market Share & Sales Falling.........................................................................8
Too Fast..............................................................................................................................8
Too Much on Shelves.........................................................................................................8
Low Sales...........................................................................................................................8
High Cost of Finance.........................................................................................................9
2.0 Accounting practices to the collapse of Dick Smith........................................................9
3.0 Governmental issues for collapse of dick smith:...........................................................11
4.0 Conflicts of interest and soft landings for directors of failed companies......................11
5.0 Key lessons to learn:......................................................................................................13
6.0 Conclusion......................................................................................................................14
References:...............................................................................................................................15
Appendices:..............................................................................................................................18