Accounting Theory

Running head: ACCOUNTING THEORY
Accounting Theory
Name of the Student:
Name of the University:
Author’s Note:
Course ID:

1ACCOUNTING THEORY
Table of Contents
1. Based on scenario:.......................................................................................................................2
a. Purpose of the report:...............................................................................................................2
b. Audience of the report:............................................................................................................2
c. Key decisions to be made:.......................................................................................................2
d. Information required for undertaking decisions:.....................................................................3
e. Keywords:................................................................................................................................3
2. Ten sources relevant to the project:.............................................................................................3
3. Source analysis:...........................................................................................................................3
4. Plan of the report:........................................................................................................................8
References:....................................................................................................................................10

2ACCOUNTING THEORY
1. Based on scenario:
a. Purpose of the report:
The report would be prepared with the intent to find out the strategic errors made by Dick
Smith that eventually led to the collapse of the organisation. The other issues like accounting
practices and governance issues have been discussed as well. Finally, the report has provided
overview of the lessons to be learnt from the collapse of Dick Smith.
b. Audience of the report:
From the provided information, it has been identified that there are several retail clients
interested in knowing about the reasons behind the corporate downfall of Dick Smith Holdings
Private Limited. Therefore, the manager of the accounting firm has assigned the responsibility of
preparing a draft report on the corporate downfall of Dick Smith. The audience for this report
would be the retail clients along with accounting and non-accounting professionals. The non-
accounting professionals mainly include shareholders, investors, suppliers, debtors and the
community.
c. Key decisions to be made:
By analysing the reasons behind the corporate failure of Dick Smith Holdings Private
Limited, it becomes possible to understand the factors that could eventually lead to such decline.
The decisions to be made including undertaking certain aspects to be included in the strategic
management process along with ensuring sound accounting and governance practices for the
organisation to avoid any future crisis like Dick Smith.

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d. Information required for undertaking decisions:
For undertaking the above-stated decisions, it is necessary to obtain the available
information on online sources regarding the corporate collapse of Dick Smith Holdings Private
Limited. This information mainly includes the strategic management process of the organisation
along with issues related to its corporate governance and accounting practices. By collecting the
above information, it would be possible to formulate strategies that would assist in undertaking
precautionary measures for the business organisations operating in Australia.
e. Keywords:
For carrying out this report, the keywords to be searched include Dick Smith Holdings
Private Limited, corporate governance, accounting standards in Australia and strategic
management.
2. Ten sources relevant to the project:
The ten sources, which are deemed to be relevant to the project, are included in the
“References” section.
3. Source analysis:
Source 1:
Full citation of resource:
Carnegie, G.D. and O’Connell, B.T., 2014. A longitudinal study of the interplay of corporate
collapse, accounting failure and governance change in Australia: Early 1890s to early
2000s. Critical Perspectives on Accounting, 25(6), pp.446-468.
Author’s credentials: