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Impact of the findings of literature research on financial reporting process in Australian Companies

   

Added on  2023-06-07

10 Pages1083 Words197 Views
Political Science
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Impact of the findings of literature research
on financial reporting process in Australian
Companies
Impact of the findings of literature research on financial reporting process in Australian Companies_1

Introduction
• The report is based on the review of the two chosen
articles namely
– IFRS 3, IAS 16 and IAS 37: Contingent Consideration in
an Asset Purchase
– Implications of the IFRS goodwill accounting treatment
Impact of the findings of literature research on financial reporting process in Australian Companies_2

Reason of selecting the research articles:
• A review of accounting research in IFRS 3, IAS 16 and
IAS 37: Contingent Consideration in an Asset Purchase
• The article help the business owners to account the
consideration for accounted contingent assets in best
possible way.
• The paper also discuses about the role of accounting
professionals should play in case of limitations of the
accounting standards
• Implications of the IFRS goodwill accounting treatment
• This is peer reviewed articles that critically examine
the impact of change in accounting treatment for
goodwill in Australian companies
Impact of the findings of literature research on financial reporting process in Australian Companies_3

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