Planning a Project for BDO Global: Challenges and Solutions

This report discusses the challenges faced by BDO Global in implementing the AASB framework and the solutions to overcome them. It also emphasizes the importance of managerial efficacy and adoption of proper resources for the growth of the organization.

WEEK 6

Introduction
The section focuses on planning a project that can help in identifying the success of BDO global
company so that improvement can be made in the organisation. Planning a project requires
assistance from the stakeholders and it is important to identify parameters that can be based on
the project. At the same time, it is also necessary to understand the factors that can help in the
completion of non-maintenance of conduct so that external problems faced during the application
of accounting techniques can be made.
Capstone Project- final report
Planning of the Project in BDO Global
Thus, there were various adoptions that were made by the BDO global company to ascertain the
improvements in the organization. The management of the company has adopted certain
technological advancements that have helped the organization to develop its standards. However,
there were certain shortcomings that were met during the implementation of the project1. The
major factors undertaking the major cause is the training of the accounting standards on a vast
scale of the employees. Providing training purposes to the accounting systems for bringing
efficiency in the systems of the managements entails procurement of large costs. Thus the
organization has faced a large rise in the total cost of the organization to take into control the
various factors affecting the organizational structure. After the introduction of the AASB
framework to the standards of accounting in the BDO organization, most of the financial
accountant was unable to decipher the proper justification of the standards. The total number of
accounting firms following the AASB framework was comparatively lower than the IASB
framework. Non Maintenance of conducts that are managed by the codes of the accounting
authority lacks the velocity of the systems.
Identification of parameters of the project
1 Ruth D. Hines, "Financial Accounting Knowledge, Conceptual Framework Projects And The Social Construction Of The
Accounting Profession" (1989) 2(2) Accounting, Auditing & Accountability Journal.

There were various external problems that were faced during the associating of the project. The
major businesses of the BDO are the procurement of accounting information of various types and
amend them to ascertain certain accounting statements the procedure of procuring information
about the category of headings. However, there were certain other components that added to the
nonperformance of the framework. The low key performance of the accounting firm is for
reasons such as the enlarged cost procurement. However, the orientation and the on job training
results in the increasing costs of the organization2. Thus the managerial shortcomings can be
overcome by the integration of proper application of technical knowledge. Thus, with the
emphasis that has been majorly laid on the structure of the accounting organization, it is equally
imperative for amending the shortcomings of the standards. The amount that will be produced in
the process of the training should be brought down by the practice of the employees as the
trainers of the projects3. The managerial efficiency of the accounting organization has been
called upon to improve its quality of work. There are many challenges that are met by the
accounting system in the world level due to the multidisciplinary parameter which establishes
disincentive in the organization about learning the new standards of accounting. Therefore, it is
indeed imperative on the case of both accountants and the organization to effectively
communicate with each other to satisfy the standards. Incorporation of ability used in the
completion of the project
The presentation that should be maintained during the execution of the project should be kept in
mind during the processing of the project. There is another component which is imperative for
the execution of the entire project which is considered as the marginal efficiency of the
organization. In the Australian standards, the procurement of the programmes in the educational
cornered is very imperative. Solving of the problems of the organization is very important for the
organization as a whole4. Thus, the major factor that is governing the parameters of the project is
2 Mary E. Barth, "Global Financial Reporting: Implications For U.S. Academics" (2008) 83(5) The Accounting Review.
3 Elias Bengtsson, "Depoliticalization Of Accounting Standard Setting—The IASB, The EU And The Global Financial Crisis"
(2011) 22(6) Critical Perspectives on Accounting.
4 Patricia J. Arnold, "Global Financial Crisis: The Challenge To Accounting Research" (2009) 34(6-7) Accounting,
Organizations and Society.

important for the procurement of the reports do the accommodation. However, there is a certain
measure that can be adopted for the proper and better outcomes. For meeting the challenges of
the organization, and new human resources can be adopted. Adoption of this measure can lead to
the proper structuring of the organization. A firm can prosper and grow if it adopts the strategy
of the implementation of proper resources as it lowers the average costs of the firm.
Conclusion
The major inferences that are drawn after the completion of the report are proper to ascertain of
the challenges that are met during the establishment of the project. The major challenge is the
instilling the new standards according to AASB framework which is entirely different from
IASB structure. The costs were incurred during the procurement of organizing certain training
workshops during the procurement of information. However, by the method of the benefit and
the costs analysis reports conducted it signified the importance of the adoption of the accounting
standards. It also signifies the importance of the managerial efficacy which is very important for
the growth of the organization.

Reference list
Footnote: Patricia J. Arnold, "Global Financial Crisis: The Challenge To Accounting Research"
(2009) 34(6-7) Accounting, Organizations and Society.
Your Bibliography: Arnold, Patricia J., "Global Financial Crisis: The Challenge To Accounting
Research" (2009) 34(6-7) Accounting, Organizations and Society
Footnote: Mary E. Barth, "Global Financial Reporting: Implications For U.S. Academics"
(2008) 83(5) The Accounting Review.
Your Bibliography: Barth, Mary E., "Global Financial Reporting: Implications For U.S.
Academics" (2008) 83(5) The Accounting Review
Footnote: Elias Bengtsson, "Depoliticalization Of Accounting Standard Setting—The IASB,
The EU And The Global Financial Crisis" (2011) 22(6) Critical Perspectives on Accounting.
Your Bibliography: Bengtsson, Elias, "Depoliticalization Of Accounting Standard Setting—
The IASB, The EU And The Global Financial Crisis" (2011) 22(6) Critical Perspectives on
Accounting
Footnote: Lorenzo Dal Maso et al., "The Influence Of Accounting Enforcement On Earnings
Quality Of Banks: Implications Of Bank Regulation And The Global Financial Crisis" [2018]
Journal of Accounting and Public Policy.
Your Bibliography: Dal Maso, Lorenzo, et al, "The Influence Of Accounting Enforcement On
Earnings Quality Of Banks: Implications Of Bank Regulation And The Global Financial Crisis"
[2018] Journal of Accounting and Public Policy
Footnote: Craig Deegan and Michaela Rankin, "THE ENVIRONMENTAL REPORTING
EXPECTATIONS GAP: AUSTRALIAN EVIDENCE" (1999) 31(3) The British Accounting
Review.
Your Bibliography: Deegan, Craig and Michaela Rankin, "THE ENVIRONMENTAL
REPORTING EXPECTATIONS GAP: AUSTRALIAN EVIDENCE" (1999) 31(3) The British
Accounting Review

Footnote: C.W. Nobes, "A JUDGEMENTAL INTERNATIONAL CLASSIFICATION OF
FINANCIAL REPORTING PRACTICES" (1983) 10(1) Journal of Business Finance &
Accounting.
Your Bibliography: Nobes, C.W., "A JUDGEMENTAL INTERNATIONAL
CLASSIFICATION OF FINANCIAL REPORTING PRACTICES" (1983) 10(1) Journal of
Business Finance & Accounting
Footnote: Ruth D. Hines, "Financial Accounting Knowledge, Conceptual Framework Projects
And The Social Construction Of The Accounting Profession" (1989) 2(2) Accounting, Auditing
& Accountability Journal.
Your Bibliography: Hines, Ruth D., "Financial Accounting Knowledge, Conceptual Framework
Projects And The Social Construction Of The Accounting Profession" (1989) 2(2) Accounting,
Auditing & Accountability Journal
Footnote: C.W. Nobes, "A JUDGEMENTAL INTERNATIONAL CLASSIFICATION OF
FINANCIAL REPORTING PRACTICES" (1983) 10(1) Journal of Business Finance &
Accounting.
Your Bibliography: Nobes, C.W., "A JUDGEMENTAL INTERNATIONAL
CLASSIFICATION OF FINANCIAL REPORTING PRACTICES" (1983) 10(1) Journal of
Business Finance & Accounting