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Research in Accounting Practice Assignment

   

Added on  2020-06-03

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Research in Accounting Practice

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1QUESTION 1: INTERNET FINANCIAL REPORTING...............................................................1a. Giving detailed information from the statistical tests mentioned in the article.......................1b. Stating the advantages and disadvantages of the approaches mentioned in the study............1c. Explaining which approach is better along with the purpose of studies..................................2QUESTION 2: AGENCY THEORY, STEWARDSHIP AND EXECUTIVE COMPENSATION.........................................................................................................................................................3a. Presenting the assumptions of traditional (positive) agency theory........................................3b. Assessing the impact of agency theory on the structuring aspect of compensation packages3c. Stating employee’s attitude towards the risk and their desired compensation package..........4d. Identifying internal problems which company might face if executive compensation isviewed as excessive.....................................................................................................................4e. Stating the challenge associated with the assumption of agency theory...............................4f. Explaining the deficiencies in agency theory and presenting alternative theories that can beundertaken to overcome the same................................................................................................5g. Assessing the extent to which reporting which is required for stewardship changed overtime..............................................................................................................................................5QUESTION 3 RESEARCH IN AUDITING http://growingscience.com/beta/ac/2334-the-expectation-gap-in-auditing.html.....................................................................................................6a....................................................................................................................................................6b...................................................................................................................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTION In the present era, accounting is one of the main function that is undertaken by thebusiness units to record, measure, classify, summarize, interpret and communicating monetaryinformation. Along with this, auditing is another aspect which in turn highly associated andbased on accounting information. Now, stakeholders lay high level of emphasis on undertakingaudited statements for decision making. Thus, by considering such aspect every business unitmakes focus on conducting audit of financial statements at the end of accounting year. Thepresent report is based on different scholarly articles which will shed light on the aspects ofagency theory, stewardship and executive compensation. Besides this, report will provide deeperinsight about the extent to which specific articles have furnished appropriate informationconcerning the issue. QUESTION 1: INTERNET FINANCIAL REPORTINGa. Giving detailed information from the statistical tests mentioned in the article From the evaluation of article, Kuruppu et al. (2015), it has been assessed that along withthe percentage, table 3 also depicts the views of respondents. Hence, in the various categoriessuch as company history, products & services as well as financial information views ofrespondents have also been presented by the researcher through statistical test (Kuruppu andet.al., 2015). Thus, by doing evaluation of extra information reader can get information aboutrespondent’s views in different category. b. Stating the advantages and disadvantages of the approaches mentioned in the study On the basis of the given case situation, one study considers sample, whereas other laysemphasis on considering the whole population. Both the aspects have following advantages anddisadvantages such as: Sampling: In sampling, scholar makes selection of group of people out of the whole populationfor meeting the research goals as well as objectives.

AdvantagesDisadvantagesBy making selection of sample scholarcan present results of the study withinless time frame. Along with this, scope of sampling ishigh which in turn presents datafindings with more accuracy. Sampling technique is suitable whenresearcher is provided with limitedresources. For the effectual research, rapportbetween scholar and respondents arehighly required. Hence, in the case oflarge population, sampling techniqueprovides assistance to the scholar inpresenting suitable view of study(Advantages and Disadvantages ofSampling, 2017). It involves chances of biasness In sampling, subjective knowledge inthe researcher is highly required.Hence, if scholar does not have specificsubjective knowledge then it may resultinto inappropriate sample selection. Population AdvantagesDisadvantagesAssists in increasing confidenceinterval Helps in presenting the clear view ofstudy on the basis of severalrespondent’s views Time consuming Required more resources Difficulty in developing co-ordination(Edwards and et.al., 2017) c. Explaining which approach is better along with the purpose of studies From assessment, it has been assessed that approach of sample selection is highlyappropriate as compared to the consideration of whole population. On the basis of article,presented by Kuruppu et al. (2015), sample section approach is highly significant because due tohaving limitations of time, money and other resources it is not possible for the researcher to layemphasis on whole Sri Lanka.

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