Contemporary Issues in Accounting

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

Table – Annotated Bibliography for Selected ArticlesTable – Annotated Bibliography for
Selected Articles
1
CONTEMPORARY ISSUES IN ACCOUNTING
Abstract
The paper discusses about a research proposal that is purely based on the contemporary issues
that are faced in financial accounting by the accountants. The broad area of issues has been
narrowed down and a particular issue has been focussed on. The issue that is firmly
emphasised in the paper is the issue of accounting that is related to the unaccountability of the
environmental factors and the importance of environmental accounting over traditional
accounting. The mandatory sections provided in the paper in relation to this issue are general
introduction of the topic, relevance of the topic to the paper and importance of the issue.
Other highlighted sections comprise of theoretical and practical motivation of the issue.
Theoretical motivation states the theory or the accounting framework on which the current
issue is based. Practical motivation talks about the practical implication of the issue. The
literature review section describes some of the important papers related to environmental
accounting and the challenges faced by traditional accounting due unaccountability of
environmental factors. At the end part, a suitable hypothesis is provided that clearly justifies
the paper and the method applied for research is also stated briefly.

Table – Annotated Bibliography for Selected ArticlesTable – Annotated Bibliography for
Selected Articles
2
CONTEMPORARY ISSUES IN ACCOUNTING
Table of Contents
Introduction................................................................................................................................3
Practical Motivation...................................................................................................................3
Theoretical Motivation...............................................................................................................4
Literature Review.......................................................................................................................4
Hypothesis..................................................................................................................................7
Research Method........................................................................................................................7
Appendix..................................................................................................................................11
Table – Annotated Bibliography for Selected Articles............................................................11

Table – Annotated Bibliography for Selected ArticlesTable – Annotated Bibliography for
Selected Articles
3
CONTEMPORARY ISSUES IN ACCOUNTING
Introduction
Contemporary issues in Accounting is a very important study as it is related to the
upper level, advanced financial accounting subjects. There could be a range of accounting
concepts and policies which are required for addressing the contemporary accounting issues.
The issues could be of many types such as approaches to measurement, accounting of the fair
value, conceptual framework related to financial reporting, corporate governance and
management of the earnings. It is important to provide a research on the contemporary issues
of accounting because these issues hamper the accounting principles and standards, auditing
standards, quality control maintenance and different strategies of regulation. The objective of
this research is to provide a significant relationship between the fundamental environment
and the accounting functions based on accounting research quality. The objective can be
fulfilled through the theory of environmental accounting and also through a review of the five
aspects related to this category, that is, sustainability, disclosure of information, management
of cost and behavioural science.
Practical Motivation
The paper is focussed on the study of the issues that are related to environmental
accounting and explores the root of the issue as well. The development of the issues related to
environmental accounting was first initiated in connection with sustainability and
environmental disasters. There have been many deficiencies of the traditional accounting
system due to non-accountability of the relevance of the environment (Rankin et al.
2012). This issue is very important to practice by the managers, accountants, regulators and
other authorities because they are always reluctant in taking into account the environmental
factors in traditional accounting and therefore lack of these factors would disregard the social
cost (Rankin et al. 2012). These issues are important to highlight as these would lead to