Contemporary Accounting Theory
Added on 2022-12-26
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Running head: CONTEMPORARY ACCOUNTING THEORY
Contemporary accounting theory
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Contemporary accounting theory
Name of the student
Name of the university
Student ID
Author note
CONTEMPORARY ACCOUNTING THEORY
Executive summary:
The objective of the report is to conduct an analysis on the accounting regulations in light of
the accounting scandals and corporate failures along with conducting the critical evaluation
of the political process of the same. Such analyses have been done by reviewing the journal
articles that have been sourced differently. The information retrieved from the articles has
contributed to evaluate the accounting standard settings.
Executive summary:
The objective of the report is to conduct an analysis on the accounting regulations in light of
the accounting scandals and corporate failures along with conducting the critical evaluation
of the political process of the same. Such analyses have been done by reviewing the journal
articles that have been sourced differently. The information retrieved from the articles has
contributed to evaluate the accounting standard settings.
CONTEMPORARY ACCOUNTING THEORY
Table of Contents
Introduction:...............................................................................................................................3
Discussion:.................................................................................................................................3
Evaluating the improved accounting regulations and standard in light of corporate failure:....3
Critically evaluating the political process of accounting standard:...........................................3
Conclusion:................................................................................................................................3
Table of Contents
Introduction:...............................................................................................................................3
Discussion:.................................................................................................................................3
Evaluating the improved accounting regulations and standard in light of corporate failure:....3
Critically evaluating the political process of accounting standard:...........................................3
Conclusion:................................................................................................................................3
CONTEMPORARY ACCOUNTING THEORY
Introduction:
The objective of the report is to conduct critical analysis of the journal articles
depicting how the corporate failure has resulted in improving the accounting standards and
regulations in the system of financial reporting. Such analysis has been conducted by
reviewing the literature pertaining to the articles and the concerned topic. Later part of the
report also demonstrates the analysis of the political process of the setting of accounting
standard. Such analysis has been done by reviewing the literature retrieved from different
journal articles.
Discussion:
Evaluating the improved accounting regulations and standard in light of corporate
failure:
The failure of the corporate has been attributed to the accounting practices by many
scholars and researcher and the failures of such corporate have resulted in the introduction of
the improved accounting standards and regulations. The developed accounting standard is
intended to avoid the possibility of crisis that arises from the failure of company to comply
with the accounting standards and loopholes in the existing standard practice.
The article titled” Responsible accounting for stakeholders” conducts a critical
analysis of the existing financial theory and how the development of accounting standard
should embrace the broader group of stakeholders such as creditors and investor. The current
research paper has laid a normative foundation for the practical and theoretical perspective on
the public accounting profession responsibility. This particular research paper have accounted
many factors that results in the failure of corporate organization and in spite of the current
Introduction:
The objective of the report is to conduct critical analysis of the journal articles
depicting how the corporate failure has resulted in improving the accounting standards and
regulations in the system of financial reporting. Such analysis has been conducted by
reviewing the literature pertaining to the articles and the concerned topic. Later part of the
report also demonstrates the analysis of the political process of the setting of accounting
standard. Such analysis has been done by reviewing the literature retrieved from different
journal articles.
Discussion:
Evaluating the improved accounting regulations and standard in light of corporate
failure:
The failure of the corporate has been attributed to the accounting practices by many
scholars and researcher and the failures of such corporate have resulted in the introduction of
the improved accounting standards and regulations. The developed accounting standard is
intended to avoid the possibility of crisis that arises from the failure of company to comply
with the accounting standards and loopholes in the existing standard practice.
The article titled” Responsible accounting for stakeholders” conducts a critical
analysis of the existing financial theory and how the development of accounting standard
should embrace the broader group of stakeholders such as creditors and investor. The current
research paper has laid a normative foundation for the practical and theoretical perspective on
the public accounting profession responsibility. This particular research paper have accounted
many factors that results in the failure of corporate organization and in spite of the current
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