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BUSN20019 Professional Project

   

Added on  2020-03-28

21 Pages4694 Words37 Views
FinanceLeadership ManagementData Science and Big Data
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JasmeenKaur, s0274358BUSN20019 Professional ProjectImpact of corporate governance on the performance of listed AustraliancompaniesSUBMITTED BY:NAME: Jasmeen KaurSTUDENT ID: S02743581
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JasmeenKaur, s0274358BRISBANE CAMPUSDATE: 25/08/2017Table of ContentsChapter 1: Introduction..............................................................................................................41.1. Project context.................................................................................................................41.2 Statement of problem.......................................................................................................51.3 Research aim and objective..............................................................................................61.4. Research Questions.........................................................................................................61.5. Research Hypothesis.......................................................................................................6Chapter 2: Literature review......................................................................................................7Chapter 3: Research Methodology...........................................................................................103.1 Introduction....................................................................................................................103.2 Research Philosophy......................................................................................................103.3 Research Approach........................................................................................................113.4 Research Design.............................................................................................................113.5 Type of Data...................................................................................................................113.6 Data collection...............................................................................................................113.7 Research Technique.......................................................................................................123.8 Sample............................................................................................................................123.9 The variables..................................................................................................................123.10 Giant chart of the study................................................................................................123.11 Organisation of the study.............................................................................................132
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JasmeenKaur, s0274358Chapter 4: Data Findings and Analysis....................................................................................144.1 Introduction....................................................................................................................144.2 Analysis..........................................................................................................................14Chapter 5: Conclusion and Recommendation..........................................................................175.1 Conclusion......................................................................................................................175.2 Recommendation............................................................................................................17References................................................................................................................................183
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JasmeenKaur, s0274358Chapter 1:IntroductionThe profession is determined by the skills, educational background and overallprofessional performance. My profession is an “accounting”. Accounting deals with manyaspects in which adoption of “corporate governance policies” is one of them.Corporategovernance has been a key focus over recent times for Australian companies, particularlyfollowing the collapse of some large organisations which resulted in losses of billions ofdollars along with the jobs, investments and the livelihoods of many Australians.According to Rezaee (2009) corporate governance is the relationship betweenparticipants such as, shareholders, senior management and the board of directors indetermining the direction and performance of the companies.The project proposal going to address a relevant accounting aspect of corporategovernance policies in listed companies of Australia. The main objective of this study is toidentify whether the policy of corporate governance will lead positive performance ofcompanies or not. Moreover, due to lack of timing only 10 Australian listed companies istaken as a study sample.1.1.Project contextI am studying Master of Professional Accounting and in general my future professionis accounting. Accounting is one of the key function of business entities. From the businesscontext, accounting means identification, recording, formulation and presentation of financialtransactions which is facilitated to fulfil the needs of all relevant entities.According to American Accounting Association in 1966, “The process of identifying,measuring and communicating information to permit informed judgments and decisions bythe users of the information”.4
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JasmeenKaur, s0274358According to American Institute of Certified Public Accountants accounting is “theart of recording, classifying and summarizing in a significant manner and in terms of money,transactions and events which are in part at least of a financial character and interpreting theresult thereof." 1.2Statement of problemIt can be seen that there are two opinions related with the relation between corporategovernance and accounting of the companies. As per one opinion, it can be seen that there isa positive relation between corporate governance and accounting of the companies (Erkens,Hung & Matos, 2012). On the other hand, as per another opinion, it can be seen that there isnot any relation between corporate governance and accounting of the companies. In spite ofall these negative points, it can be said that each organization must have a well-structuredcorporate governance policy for the help of accounting and finance of the company(Hermalin & Weisbach, 2012). With the help of effective corporate governance policies, thebusiness organizations are able to establish effective internal control related to accountingand finance. In addition, with the help of effective corporate governance policies, businessorganizations are able to establish control mechanism in the organizations (McCahery,Sautner & Starks, 2016). Thus, based on the above discussion, it can be said that the researchprogram has its importance in solving the conflict that whether there is any positive relationbetween corporate governance and accounting of the companies. With the help of thisresearch, the researcher will be able to establish the effects of corporate governance on theaccounting and financial activities of the companies. Apart from this, this research will behelpful to develop the idea that whether corporate governance leads to better accostingperformance of the companies or not.5
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JasmeenKaur, s02743581.3 Research aim and objectiveThe main aim of this research is to analyse the effect of corporate governance in theaccounting process of the companies. On a more specific note, there are two majorobjectives of the research. These two objectives will provide necessary direction tothe research.The first objective is to identify the impact of corporate governance on the accountingprocesses of the business organizations. The second objective is to determine that whether effective corporate governancepolicies lead to positive performance of the companies or not. 1.4. Research QuestionsThe research questions are as follows:1.Impact of Corporate Governance on the accounting process of the companies2.Does Corporate Governance lead to positive financial performance of the businessorganizations?1.5. Research HypothesisH0: Corporate Governance does not have any influence on the positive financial performanceof the companies.H1: Corporate Governance results in the positive financial performance of the companies.6
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