Research Project on Accounting & Finance Pathway
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Added on 2021-02-20
Research Project on Accounting & Finance Pathway
Added on 2021-02-20
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Research Project(Accounting & FinancePathway) ProposalForm. 1
Research Proposal FormStudent Name: ______________________ Student ID: ____________Centre Name: _____________________ Tutor: ________________ Date: ___________________ Unit: ____________________Proposed Title: “Globalization on Financial Reporting”Section One: Title, objective, responsibilitiesTitle or working title of the research project (in the form of a question, objective or hypothesis)To analyse and identify the influence of Globalisation on financial reporting in context of finance andaccounting pathway. Aim “To acquire the knowledge about the overall impact of globalisation on financial reporting”. A casestudy related to HSBC. Research objectives (e.g what is the question you want to answer? What do you want to learn howto do? What do you want to find out?)To understand the significance of Globalisation for companies. To figure out the influence of Globalisation on financial reporting. To find out the ways that HSBC can apply to prepare financial reports at international level. To determine the strengths of globalisation that help to grow banking industry in context to HSBC.To Estimate and evaluate the challenges of globalisation in banking sectors in respect to HSBC. Questions. 1.What are basic importance of globalisation?2.How majorly globalisation have impact on financial reporting?2
3.Elaborate various ways that used by company to prepare annual reports? 4.Clearly determine the major strength of topic to HSBC?5.What are the main challenges faced by Company due to Globalisation? Section Two: Reasons for choosing this research projectReasons for choosing the project (e.g links to other subjects you are studying, personal interest,future plans, knowledge/skills you want to improve, why the topic is important):The major purpose of selecting this particular topic is to make sure that companies operating atinternational level applies the authentic framework while preparing annual reports that reduces thechances of misrepresentation of statement. Thus, it is very much crucial for companies like HSBC topresent financial information in authentic reports so that quality of statement can be increased. In relation to academic situation, there is a vast importance of research that support to give bestknowledge about a specific study area and theories that aid to resolve the issues in authentic manner toincrease the efficiency of results. In recent study related to impact of globalisation on financial services helps researcher to get involved inresearch process that help to make out valuable suggestion for growth in upcoming time. It supportresearcher to create professional skills that further assess to make out the area and decision related toglobalisation, which is beneficial to conduct business at competitive and large market. Section Three: Literature sources searchedUse of key literature sources to support your research question, objective or hypothesis: Literature review is defined as the overview article or any other crucial scholar paper which hold specificknowledge, finding and main theoretical contribution to a specific research topic. Many author, novelistand investigator present personal understanding in defines as LR. Importance of globalisationAccording to Fredrick Exison, the endless movement of people, goods and services in different part ofworld is defines as globalisation. It is related with opening of global economy and concomitant growth intrade among various countries so that they liberalize their entire import protocols and invite more numberof foreign investment in main sectors which are crucial for economic development. The majorimportance of Globalisation are it help to increase household income, boost the economy and develop3
new opportunities. It also help to reduces the gender and cast discrimination between individual workingwithin company. The most significance is that it help to increase real wages by reducing the cost ofconsumption. Major impact of globalisation financial reporting.As per the opinion of Razvan V. Mustata (2007), the influence of globalisation is examined for theperspective that is the cause and effect relationship that have a major importance on significances of thephenomenon. As the procedure to prepare and maintain accurate financial report in almost every part ofworld is done by following IFRS that are International financial reporting standard. This help in betterunderstanding of report and stakeholder can easily interpret gross and net profit of companies during anaccounting year. There are number of IFRS statements that are issued and used by respective companysuch as: IFRS 1 First time Adoption of International Financial Reporting StandardsIFRS 2 Share-based Payment IFRS 3 Business Combinations IFRS 4 Insurance ContractsWays, which are used by company to prepare annual reports at global level. By Rosemary Peavler, 2019, there is a systematic manner to record each financial happening inaccounting journals and general ledger that is further support to prepare financial report which areincome statement, cash flow and balance sheet at the end of accounting year. It is observed responsiblemanager of company use to consider previous information for reports to prepare the next authentic one.The general process to prepare annual report start with balancing financial holding, developing statementof income, evaluate EPS per share for stakeholder, measure the result of company and calculate cash thatcompany brought to manage important functions.Major strength of Globalisation to HSBC.There are number of advantage of Globalisation that help companies in greater context that support togrow profit and increase business. In respect to HSBC, Globalisation of financial report help them to4
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