Accounting and Finance Report: Impact on Capital Markets and Failures

This report provides a comprehensive analysis of the interplay between accounting and finance within the context of capital markets and corporate failures. It explores the traditional role of accounting in supporting capital markets and shareholders, while also critically examining how current accounting rules may contribute to corporate failures and challenges in the external environment. Furthermore, the report delves into accounting theories related to social and environmental accounting, as well as business ethics, highlighting the increasing importance of corporate social responsibility and its impact on financial reporting. The report examines the limitations of historical cost accounting, valuation of intangible assets, and the implications of various accounting methods. The report also covers the role of regulatory bodies in preventing fraudulent activities. Finally, it discusses the theories and practices concerning environmental and social accounting, emphasizing corporate governance, stakeholder satisfaction, and the importance of ethical conduct in business operations.