logo

Report on Accounting Concepts and Legislation

   

Added on  2020-06-04

9 Pages2320 Words39 Views
FinancePolitical Science
 | 
 | 
 | 
ACCOUNTING THEORY
Report on Accounting Concepts and Legislation_1

EXECUTIVE SUMMARYThis report is based on understanding the accounting concepts and legislation forrecording financial transactions. It includes presenting role of accounting in analysing monetaryposition of an entity. Including this, accounting theories and voluntary reporting are introducedduring preparing financial statements regarding climate change disclosures. Further, governanceand significance of accounting in terms of Australian Accounting Standard Boards (AASB) arealso given in this report.
Report on Accounting Concepts and Legislation_2

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Normative, conceptual approach to the definition and measurement of assets......................1Role of positive and other theories in explaining and predicting accounting policy, voluntaryreporting.................................................................................................................................2Research, analyse and discuss complex contemporary financial accounting, governance andsustainability issues, formulate well-reasoned and coherent arguments................................3CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
Report on Accounting Concepts and Legislation_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
ACC307 Accounting Theory : Assignment
|12
|2592
|140

Financial Accounting & Reporting: Institutional Arrangements and Conceptual Framework
|8
|1995
|251

Accounting Theory: An Overview of the Conceptual Framework and Australian Accounting Regulation
|9
|2504
|216

Financial Accounting & Reporting: Conceptual Framework and Accounting for Lease
|7
|1685
|106

Theory and Progression in the Field
|8
|1879
|56

Recent Changes in External Reporting
|5
|723
|86