Research Project Proposal Form

Research Project
(Accounting & Finance
Pathway) Proposal
Form.
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Research Proposal Form
Student Name: ______________________ Student ID: ____________
Centre Name: _____________________
Tutor: ________________ Date: ___________________
Unit: ____________________
Proposed Title: “Globalization on Financial Reporting”
Section One: Title, objective, responsibilities
Title 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 and
accounting pathway.
Aim
“To acquire the knowledge about the overall impact of globalisation on financial reporting”. A case
study related to HSBC.
Research objectives (e.g what is the question you want to answer? What do you want to learn how
to 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?
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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 project
Reasons 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 at
international level applies the authentic framework while preparing annual reports that reduces the
chances of misrepresentation of statement. Thus, it is very much crucial for companies like HSBC to
present 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 best
knowledge about a specific study area and theories that aid to resolve the issues in authentic manner to
increase the efficiency of results.
In recent study related to impact of globalisation on financial services helps researcher to get involved in
research process that help to make out valuable suggestion for growth in upcoming time. It support
researcher to create professional skills that further assess to make out the area and decision related to
globalisation, which is beneficial to conduct business at competitive and large market.
Section Three: Literature sources searched
Use 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 specific
knowledge, finding and main theoretical contribution to a specific research topic. Many author, novelist
and investigator present personal understanding in defines as LR.
Importance of globalisation
According to Fredrick Exison, the endless movement of people, goods and services in different part of
world is defines as globalisation. It is related with opening of global economy and concomitant growth in
trade among various countries so that they liberalize their entire import protocols and invite more
number of foreign investment in main sectors which are crucial for economic development. The major
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importance of Globalisation are it help to increase household income, boost the economy and develop
new opportunities. It also help to reduces the gender and cast discrimination between individual working
within company. The most significance is that it help to increase real wages by reducing the cost of
consumption.
Major impact of globalisation financial reporting.
As per the opinion of Razvan V. Mustata (2007), the influence of globalisation is examined for the
perspective that is the cause and effect relationship that have a major importance on significances of the
phenomenon. As the procedure to prepare and maintain accurate financial report in almost every part of
world is done by following IFRS that are International financial reporting standard. This help in better
understanding of report and stakeholder can easily interpret gross and net profit of companies during an
accounting year. There are number of IFRS statements that are issued and used by respective company
such as:
 IFRS 1 First time Adoption of International Financial Reporting Standards
 IFRS 2 Share-based Payment
 IFRS 3 Business Combinations
 IFRS 4 Insurance Contracts
Ways, 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 in
accounting journals and general ledger that is further support to prepare financial report which are
income statement, cash flow and balance sheet at the end of accounting year. It is observed responsible
manager 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 statement
of income, evaluate EPS per share for stakeholder, measure the result of company and calculate cash that
company 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 to
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