Contemporary Issues In Accounting Report 2022

Running head: CONTEMPORARY ISSUES IN ACCOUNTING
Contemporary Issues in Accounting
Name of the Student
Name of the University
Author note

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CONTEMPORARY ISSUES IN ACCOUNTING
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Conclusion..................................................................................................................................8
Reference....................................................................................................................................9
Appendix..................................................................................................................................10

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CONTEMPORARY ISSUES IN ACCOUNTING
Executive summary
The aim of the report is to prepare a research proposal on the contemporary issues in
accounting. The research proposal gives a brief detail of the literature review of five articles
on the contemporary issues in accounting. In addition to that the report contain a detail of the
hypothesis of the research proposal and concludes with a research methodology on the
contemporary issue in accounting.

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CONTEMPORARY ISSUES IN ACCOUNTING
Introduction
Since the formation of the financial accounting standard board which developed the
first theoretical framework in accounting. Abstract structure as a comprehensible system of
the consistent purposes and details that is predictable to lead to constant standards. The
theoretical context offers a countless contract of preparation that is, it prescribes convinced
activities such as when to identify an asset for financial statement determination these are
measured to be normative characteristics.
Positive accounting is the section of the academic accounting investigation that
pursues to clarify and forecast definite accounting practices. Theses differences with
normative accounting, that search for optimal accounting standards.
Discussion
Practical motivation
The contemporary issue is important to practice for the accountants, managers,
regulators and the general public as the contemporary issue will help to identify the areas
from which it will be possible to make improvements in the accounting system.
Theoretical motivation
The research will contribute to understand the changes that are evolved in the
accounting practices and the areas in which major improvements are required to be
implemented in the contemporary issues of accounting.
Literature review
History of the conceptual issues of accounting for financial reporting
The development of the conceptual framework for financial reporting is providing the
guidance to the prepares as well as the users of the standards and the financial reports. The
specified objectives of the conceptual framework for financial reporting is ambitious as well
as it includes the usage or assisting with harmonization of the regulations, procedures and
standards. It helps in providing the basis or making the decisions as well as assisting with the