ACC8000 - Research in Accounting Practice- Assignment

Added on - Mar 2020

ACC8000 -  In Research in Accounting Practice- Assignment, is the process and activity of recording a business entity's day-to-day financial operations. Accounting practice is required to produce a company's legally required annual financial statements.

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Research in Accounting PracticeAssignment 1Student Name:Student ID:Subject Name: Research in Accounting PracticeSubject ID: ACC8000Date Due:Professor Name:Page |1
Question 1Briefly explain the worldview that is linked with quantitative research.(5 marks)Various authors have defined quantitative research differently. In accounting field, it is anumerical depiction and strategy for explaining the trend via which this observation reflects.Cohen (1980) has defined quantitative research as method used through experience. Quantitativemethod is in general based of mathematically and can be analysed using statistics. Quantitativemethod can be used in study of science subjects like physics, biology, geology and so on. In thestudy of statistics, quantitative research plays a very vital role in which research can be elucidatethrough numerical data (Creswell). Quantitative research always been compared and placeopposite side to qualitative research due to vary in its characteristics.Question 2Briefly explain the worldview that is linked with qualitative research.(5 marks)Worldview for Qualitative research is subjectivist. Qualitative method is very different from thatof quantitative method, which is not based on numerical and are therefore cannot be examined byusing statistics. Qualitative methods are also used to study and understand some trend. Thismethod is used considering various methods like case studies, interviews, ethnographic researchand so on. As per authors many variables might get materialize through qualitative method.Qualitative research has characteristics of producing more depth rather than breadth outcomecompare to quantitative research method.Page |2
Question 3Draft your own business research question that could be addressed in aquantitative study.(5 marks)What percentage of people from UK use Facebook or other social sites every month compare toother countries? The Quantitative method used to measure the percentage of people usingFacebook through study of descriptive research variable. Like how many people use social siteslike younger and older generation 2. How often they use and how much for the business purposeas well as personal. How much does it affect the life of young school going children? How doesit help the people to expand their business by creating Facebook pages of their company? Howoften does UK people use face book every week? These all questions could be addressed in aquantitative study.Question 4Draft your own business research question that could be addressed in aqualitative study.(5 marks)What type of people make use of Facebook? What is the impact of Facebook on individuals?Does Facebook page has an effect on the followers of users?Page |3

In conclusion, we discuss Accounting practice as a methodical procedure used by an entity's accounting department to control accounting records and entries based on accounting records. Other reports are also prepared, such as financial statements, cash flow statements, fund flow statements, payroll, tax workings, payment and receipt statements, and so on. They are the foundation on which the auditor relies when auditing the financial statements.

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