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BUSN20019 : Professional Project Assignment

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Central Queensland University

   

Professional Project (BUSN20019)

   

Added on  2020-04-13

BUSN20019 : Professional Project Assignment

   

Central Queensland University

   

Professional Project (BUSN20019)

   Added on 2020-04-13

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Running head: A COMPARISON BETWEEN THE EFFECT OF FINANCIAL FACTORS ONIFR AND THE EFFECT OF CORPORATE GOVERNANCE FACTORS ON IFRA comparison between the effect of financial factors on IFR and the effect of CorporateGovernance factors on IFRName of the Student: Name of the University: Author’s Note:
BUSN20019 : Professional Project Assignment_1
1A COMPARISON BETWEEN THE EFFECT OF FINANCIAL FACTORS ON IFR AND THEEFFECT OF CORPORATE GOVERNANCE FACTORS ON IFRTable of Contents1.0Introduction...........................................................................................................................21.2 Research Aim.........................................................................................................................31.3 Research Question.................................................................................................................31.4 Conceptual Framework..........................................................................................................42.0 Literature Review......................................................................................................................52.1 Introduction............................................................................................................................52.2 Leverage................................................................................................................................52.3 Firm Size................................................................................................................................52.4 Profitability............................................................................................................................62.5 Liquidity................................................................................................................................62.6 Ownership..............................................................................................................................72.7 Age.........................................................................................................................................72.8 Type of Auditor.....................................................................................................................82.9 Summary................................................................................................................................83.0 Research Methodology..............................................................................................................94.0 Gantt chart...............................................................................................................................10Reference List................................................................................................................................11
BUSN20019 : Professional Project Assignment_2
2A COMPARISON BETWEEN THE EFFECT OF FINANCIAL FACTORS ON IFR AND THEEFFECT OF CORPORATE GOVERNANCE FACTORS ON IFR1.0Introduction It can be explained that fully declared and pertinent information plays a vital role in the inpresenting the transparency and responsibility of the management in undertaking the business.The organizations conventionally make use of a paper-based reporting mechanism in order toshare the information to the stakeholders and generally publish their financial scenario with thehelp of the financial statements for the distinct period of time. The internet financial reporting can be explained as the utilisation of the website of the firmin order to disseminate the corporate financial and the information related to the performance(Basuony, & Mohamed 2014). This innovative approach can be explained as the facilitator forthe process of extra equity by collecting efforts of the firms and could be exploited as a newmechanism which can raise the information sharing process and brings in a larger number ofinvestors. Due to the vibrant nature of the business world, the conventional paper reliant corporatereporting has become less timely and least helpful for the decision makers. The electronic basedprocess of reporting eliminates the limitations of the paper reliant reports. The organizations canreap the benefits from the aspect of cost saving and enhance their data in more depth andbreadth. The websites are helpful for the stakeholders in order to gain the financial informationeffectively and even provides opportunities for the presentation of the information (Sanad, & Al-Sartawi 2016). The problems that are associated with the website as a medium of communicationis inclusive of usability, understandability of the data. These components associate to thecharacteristics of the information along with the technical components of the medium ofpresentation. It is the responsibility of the firm to make sure that the financial data is securedwhen it is presented through these channels. The financial factors and the corporate governance
BUSN20019 : Professional Project Assignment_3
3A COMPARISON BETWEEN THE EFFECT OF FINANCIAL FACTORS ON IFR AND THEEFFECT OF CORPORATE GOVERNANCE FACTORS ON IFRhas a key role to play in the construction of the internet financial reporting and understandingthese factors can enhance the level of internet financial reporting (Amin, & Mohamed 2016).This paper has therefore tried to figure out the internet financial reporting of Westpac and howthe corporate governance and the financial factors have an impact on them. The paper wouldtherefore try to highlight the process that has been used to gather the data and the suggestionsgiven by other researchers with respect to the impact of the financial factors and corporategovernance of internet financial reporting. 1.2 Research Aim The aim of the research is the aspect with respect to which the research questions requires tobe framed. The aim of the research comprises of the goals and the targets that has to be achievedin order to find relevant answers to the research topic and aid in the conclusion of the issue thathas been highlighted. The aim of the paper therefore has been listed as follows: Understanding the effect of the financial factors and corporate governance on internetfinancial reporting of Westpac1.3 Research QuestionThis paper has looked to recognise and identify the determinants of internet financialreporting by understanding the relationship among the impacts of the financial factors of internetfinancial reporting on the one side and undertaking a comparison with the impact of corporategovernance on the internet financial reporting. The research question has been given as follows: Q1. To what level does the financial factors and corporate governance factors have an impact onthe Internet Financial Reporting?
BUSN20019 : Professional Project Assignment_4

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