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Current Contemporary Issue in Accounting

   

Added on  2021-01-02

10 Pages2335 Words304 Views
Finance
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Current contemporary issuein accounting
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EXECUTIVE SUMMARYThere is a need for the organisations to integrate the traditional accounting with the socialaccounting for getting a recognition of socially responsible institution. It is required thatorganisations and institutions should keep the society as priority before their own profits andgains. The report is about the contemporary issues in accounting where the Qantas Companyshas reported that banks are charging and collecting fees from the dead customers in the name offinancial advice when no such advice is delivered for more than a decade. This misconduct of thefinancial advisors has rendered the banking industry to compensate the victims for the amountscharged for almost ten years. Also, the royal commission is likely to bring a criminal prosecutionon the biggest banks of the country. Altogether, this scandal has proved detrimental to the imageof the banking sector and public relations of the banks are recklessly harmed.
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TABLE OF CONTENTSEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................4MAIN BODY...................................................................................................................................4A current contemporary issue in accounting regarding Qantas Company.............................4Findings..................................................................................................................................6RECOMMENDATIONS.................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
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