Evaluation of Accounting Standards in Woolworths

Research Project title
Your name
Student Number
BUS707 Applied Business Research

Introduction to the research
• The topic which is selected for this research is “Accounting
standards in Woolworths”.
• Through the selection of Woolworths it will be easier to
understand that the accounting standards that are present
in Australian organizations are regulated and developed by
“Australian Accounting Standards Board (AASB)” (Adams,
Muir and Hoque 2014).
• The first part of the research proposal will introduce the
research topic and the organization that is selected for this
research. The second part of this research proposal will be
literature review section. Finally, the third section of this
research proposal will explain the research methodology

Research Problem & Research Objectives
• The major research problem that is highlighted in this research is focused on
evaluating the financial statements of Woolworths that has been prepared as
per Australian Accounting Standards (Apostolou et al. 2015).
Considering such research problem, the research objectives those are to
be met through completion of this research are explained under:
• To analyze the financial statements of Woolworths prepared as per
Australian Accounting Standards (AAS)
• To evaluate in which ways the accountants and the auditors are aware of
the current amendments within Australian Accounting Standards
• To evaluate the harmonization of domestic and international accounting
standards
• To analyze the ways in which company’s management has developed
Audit, risk, management and compliance committees in order to reform
the framework of corporate accounting