Understanding Accounting Theory through a Real-World Case of National Australia Bank

ACCOUNTING THEORY

Accounting theory
Abstract
The main purpose of the report is to shed light on the concept of accounting theory. To enable
this, a real world case has been selected. The new article of National Australia Bank has been
selected that showcased a strong profit number and even announced the removal of 6000
employees. The report initiates with an introduction followed by the facts of the case.
Further, the stakeholder and legitimacy theory has been discussed and the same has been
compared, as well as contrasted.
Content
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Accounting theory
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Introduction...........................................................................................................................................3
Facts......................................................................................................................................................4
Issues faced by NAB and other banks....................................................................................................4
Affected stakeholders............................................................................................................................4
Stakeholder theory................................................................................................................................5
Legitimacy theory..................................................................................................................................5
Compare and contrast...........................................................................................................................6
Conclusion.............................................................................................................................................7
References.............................................................................................................................................8
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