Accounting Theory: Tax Exemption of Sporting Clubs and its Impact on Public Interest

Running head: ACCOUNTING THEORY
Accounting Theory
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1ACCOUNTING THEORY
Abstract
The objective of the report is to reflect the connection between theoretical accounting
research and professional practice of accounting. The discussion takes the arrangement of an
editorial review and argument. The report acknowledges that accounting academic research is
important to the higher education system, careers and publishers. However, its effect on
teaching, professional practice, and the professions and society is a trending issue that is
debated. The editorial offers scope for accounting academics to engage with the society and
profession as to the impact of their research, an important issue in higher education, not only
in Australia, but globally. The main purpose of the paper provides important commentary on
the relationship between accounting research and practice as represented in academic
journals, for that a real life case study has been taken of the tax exempted income of the
football league’s and its implementation that is stated in the article by Eryk Bagshaw that
deals with the issue of amount of tax that is exempted from their income and what they do
with the same.

2ACCOUNTING THEORY
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Conclusion..................................................................................................................................3
Reference....................................................................................................................................4