Advanced Corporate Accounting (ACCT 5019) Literature Review Report

This report presents a literature review focused on corporate accounting, specifically examining the conceptual framework and its various aspects. The report analyzes five journal articles, each addressing different facets of accounting principles and practices. The articles cover topics such as emotion regulation and its impact on economic choices, the implementation of integrated reporting, energy management strategies in industries, the application of stakeholder theory in sustainability management, and intermediate accounting concepts. The review explores the background, key findings, and conclusions of each paper, highlighting the diverse perspectives and challenges within the field of corporate accounting. The report aims to provide a comprehensive overview of the chosen articles, offering insights into the complexities and advancements in accounting practices.

Running head: Corporate Accounting
Corporate Accounting
Name of the Student
Name of the University
Author Note

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Corporate Accounting
Table of Contents
Introduction................................................................................................................................3
Literature Review.......................................................................................................................4
Background of the Article......................................................................................................4
Overview of the Article..............................................................................................................6
Findings of the Paper.................................................................................................................7
Conclusion..................................................................................................................................9
Reference and Bibliography.....................................................................................................10

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Abstract
The report deals of the about the conceptual framework in the accounting. It is the guidelines
which are been given so that the company is able to do the proper recording of the transaction
of the company. The report show about the 5 journal article which are been based upon the
conceptual framework of the accounting and also different issue which are there in the
conceptual framework of the accounting. The first journal state about the choice which the
individual makes and how it directly affect the economy, the second article is been based
upon the integrated reporting and how it should be implement in the company. The third
journal shows about the energy management how it should be done in the company. Lastly
the fourth and fifth journal deals with the stakeholder theory and the intermediate accounting
in the company. As it say how the company is able to do the accounting related to the
transfer of the asset and also the reporting of the same in the financial statement.

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Introduction
The topic is been based upon the conceptual framework in the accounting. It show all
the matter which are been related to the accounting of the company. It show different issue
which the company face while preparing the financial statement and also how it represent it
in front of the shareholders. It also shows the similarities between the shareholder theory and
sustainability management. The report is been made so that the user can able to know the
different issue in the conceptual framework and help them to know the idea of different
writhers upon the same. It shows how they have addressed the problem in the journal and
how they have addressed them in their paper and also it show the conclusion which they have
given in the paper. The method which is been used is the data which is been collected are
from secondary data and also the sampling of the journal is been based upon the topic of
conceptual framework in the accounting process as there were 10 total sample size and from
10 it is been selected of 5 journal which are been explained in coming discussion in the
report.
Table showing details of Journal
Name of the Authors Publication
Year
Title of the Paper
Gal Sheppes, Susanne
Scheibe and Jens Blechert.
2012 Emotion Regulation Choice: A Conceptual
Framework and Supporting Evidence
Mandy Cheng, Wendy
Green and Pieter Conradie
2013 The International Integrated Reporting
Framework: Key Issues and Future Research
Opportunities
Mike Schulze, Henrik
Nehler, Mikael Ottosson
2016 Energy management in industry: a systematic
review of previous findings and an integrative

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and Patrik Thollander conceptual framework.
Jacob Horisch, R.Edward
Freeman and Stefan
Schaltegger
2014 Applying Stakeholder Theory in Sustainability
Management: Links, Similarities,
Dissimilarities, and a Conceptual Framework.
Donald E. Kieso, Jerry J.
Weygandt
1997 Intermediate Accounting
Literature Review
Background of the Article
The article is been based about how the choice of the customers affect the overall
economy (Sheppes et al. 2014). It show about different choice which the customers have
made can affect the conceptual framework so it show all the related things in the article.
As per the article is have given some key words which are been explained below:
Choice - It state that choice means the things which the person select can make a big
impact on overall performance as if the customers goes to a cafe it can able to select a coffee
or tea so it the customer’s choice to select the required choice as per their needs and
preferences.
Self-Control – It state it as the individual used the different strategies so that it able to
minimize the distraction over the short term benefit as it is been related to many thing such as
non-motional choices so it is been seen that it able to have self control on their choices.
It is been made so that it can able to emphasis upon the choices which the customers make in
regards of the company product and also help them to know how it is been used by the
company to make them choice the products which the company offers in the market.

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The article is been based about the concept related to Integrated Reporting as it show
various aspects of the Reporting which is been given in International Integrated Reporting. It
show also the concept which is been related to the IR concept and how it can be helpful for
the company (Cheng et al. 2014). It also show about the development of the concept of the IR
so that it can be know also about its implementation in the business
The main points which is been listed in the article are Integrated Reporting and Capital.
In the article Integrated Reporting means show that show the company can able to
proposed about the problems which the company face by the reporting of non-financial and
financial information so that the user can able to interpret it and able to know the
performance of the company in the upcoming years. Capital is been described in the article as
the amount of money which the company will invest in the business and also able to evaluate
about the proposed amount of capital which have to be invest by the company to get the
sufficient amount of return.
The paper is been based about the energy management and how it can be implement
in the industry, the main words which are been used in the paper are energy management and
energy efficiency (Schulze et al. 2016).
From energy management the author want to say that how the company will able to
manage their energy and how it should provide it in the business it show how the company
can able to manage its energy cost and able to save its cost upon the energy. Energy
efficiency means how the industry is able to sum all its resources able to utilize for its
business purpose it also takes into consideration about how the company able to minimize the
wastage of the resources so that it able to save some cost from the energy consumption.

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The articles deals with the shareholder theory and show the similarities and
dissimilarities in regards of the sustainability concept. The main terms which are been listed
in the article is sustainability management and stakeholder theory (Hörisch et al. 2014).
In the paper sustainability management states that about how the company should
perform as it should show about how the company should able to perform its environment
duty as related as how it should able to perform its activity in the business and Stakeholder
theory state about the how the company is able secure its policy in regards of the corporate
responsibility of the company.
The article is been based upon the intermediate accounting as it show various concept
about the accounting and how it can be applied in the financial statement of the company. As
per the article there no such technical terms which are been used by the company (Gordon et
al. 2016).
Overview of the Article
As per “Gal Sheppes, Susanne Scheibe and Jens Blechert” the paper show about
the choice behaviour of the individual it shows an individual can able to change its choice
upon the change in the environment. The things which always remain checked is the emotion
regulation which is not been considered as proper position of the individual. It also show the
different rule which the individual have to chose in between the different regulation
strategies.
As per the “Mandy Cheng, Wendy Green and Pieter Conradie” in the paper which
they published has said that about the integrated reporting which is been done by the
company as in do the reporting of both financial and non-financial information so it help
them to do the analysis of the information so that it able to get the information about how the
company is able to perform in the future. It also show about the IR framework and show it

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should be done by the company so that they can able to know the amount of profit which the
company wants from the investment. It also show the implementation of the IR in the
framework so that it able to describe how it can be implement in the business and also it show
about the development in the IR framework and how it help the company.
As per the paper published about the energy it can be see that it show about the
industry which is not been taken into consideration and also how it should be able to do the
energy management and also able to do the minimize cost of the energy. It also about to show
about the review of different academic papers which are been related to the energy
management. It also describe about the key elements in the literature of energy management
so that it can able to evaluate about more in the concepts of energy management.
The paper published by Jacob Horisch, R.Edward Freeman and Stefan Schaltegger it
state that about how the similarities and dissimilarities in related to the sustainability
management and stakeholder theory. It show how the increased is been based upon the
application of the stakeholder theory in the business.
The paper is been published in Donald E. Kieso, Jerry J. Weygandt as the paper deals
with the intermediate accounting. It show different concept of the asset and liabilities as it
how the company is to do the recording of their asset and also about the transfer is to be done
by the company in regards of the asset.
Findings of the Paper
The findings which the paper is that it able to give two findings in related to the paper
as primarily it able to show that the external incentive function is able to shift the peoples
regulatory frameworks as when the people are been offer more money from some regulatory
option. Secondly it able to show the amount of inability of the money which can able to

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reverse the participants in regards of the low-emotional intensity and also able to distract
high-emotional intensity as it able to provide the compelling evidence which can see people
choice in different emotional demand.
The paper have found about the concept which is related to the integrated accounting
so that it can able to show how the company should able to implement in the business and
also about the concept of IR and how it help the company to get the result which the company
want from it. Lastly it able to find how IR can be implement in the company business and
also the development in the framework of the IR.
The main outcome which is been founded in the paper is that it able to show the
conceptual framework related to the energy management. It able to find the elements which
are directly related to the energy management. It also able to proper analysis of the element
and able to show how the company will able to implement it in their business process. As the
main element of this paper was to develop a conceptual framework related to the energy
management so it able to do the same in the business of the chosen industry.
It shows about the stakeholder theory and able to find about the idea in related to the
same. It able to show about that the idea of sustainability management can also be applied to
in regards of the stakeholders mindset so that it able to get the benefits from the approach so
that it can able to sustain it in the business structure.
It show the accounting related to the transfer of the asset and also about the reporting
standard as it should be used by the company in order for the asset by the company. The
standard are been based upon the approaches that focus upon the how the company is able to
control the servicing and financial asset of the company.

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Conclusion
The paper conclude about how the customers is able to change their choice easily and
how it can able to move from high level of intensity to low level of intensity so it can be said
that it is very difficult to control about the choices which the company have to be made in
order to make customers select their products.
It can be concluded from the paper that it able to show about the IR as it is been found
that IR change the overall business of the company and also it able to see that the integrated
accounting is very complex so it is able to see that it is not able to easy for the business to
follow the integrated account easily. It can be seen that value of IR does not depend how the
company is able to adopt the technically required for the same in the organization.
The paper has concluded about the energy management concept and how it can be
able to implement in the business of the industry. It also show about different elements which
are there in the energy management concept and it able also develop the conceptual
framework in regards of the energy management so that it will be able to implement in the
business
The paper concludes about the similarities in related to the stakeholder theory and
sustainability management. It show about the benefit which the company can able to get
about the stakeholder theory so that it can able to apply the ideas of the sustainability
management in the stakeholder theory.
The paper concludes about transfer of the asset and related framework which is to be used by
the company in regards of the same. It also describe about the concepts which should be used
by the company in order of the financial asset in the company

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Reference and Bibliography
Atanasov, Vladimir A., and Bernard S. Black. "Shock-based causal inference in corporate
finance and accounting research." Critical Finance Review 5 (2016): 207-304.
Balakrishnan, Karthik, Ross Watts, and Luo Zuo. "The effect of accounting conservatism on
corporate investment during the global financial crisis." Journal of Business Finance &
Accounting 43, no. 5-6 (2016): 513-542.
Bhasin, Madan Lal. "Contribution of Forensic Accounting to Corporate Governance: An
Exploratory Study of an Asian Country." International Business Management 10, no. 4
(2015): 2016.
Caskey, Judson, and Volker Laux. "Corporate governance, accounting conservatism, and
manipulation." Management Science 63, no. 2 (2016): 424-437.
Cheng, Mandy, Wendy Green, Pieter Conradie, Noriyuki Konishi, and Andrea Romi. "The
international integrated reporting framework: key issues and future research
opportunities." Journal of International Financial Management & Accounting 25, no. 1
(2014): 90-119.
Epstein, Marc J. Making sustainability work: Best practices in managing and measuring
corporate social, environmental and economic impacts. Routledge, 2018.
Gordon, Elizabeth A., Jana Smith Raedy, and Alexander John Sannella. Intermediate
accounting. Boston, MA: Pearson, 2016.
Hörisch, Jacob, R. Edward Freeman, and Stefan Schaltegger. "Applying stakeholder theory in
sustainability management: Links, similarities, dissimilarities, and a conceptual
framework." Organization & Environment 27, no. 4 (2014): 328-346.

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Kravet, Todd D. "Accounting conservatism and managerial risk-taking: Corporate
acquisitions." Journal of Accounting and Economics 57, no. 2-3 (2014): 218-240.
Maas, Karen, Stefan Schaltegger, and Nathalie Crutzen. "Integrating corporate sustainability
assessment, management accounting, control, and reporting." Journal of Cleaner
Production 136 (2016): 237-248.
Raiborn, Cecily, and Marcos Sivitanides. "Accounting issues related to Bitcoins." Journal of
Corporate Accounting & Finance 26, no. 2 (2015): 25-34.
Schaltegger, Stefan, Roger Burritt, and Holger Petersen. An introduction to corporate
environmental management: Striving for sustainability. Routledge, 2017.
Schulze, Mike, Henrik Nehler, Mikael Ottosson, and Patrik Thollander. "Energy management
in industry–a systematic review of previous findings and an integrative conceptual
framework." Journal of Cleaner Production 112 (2016): 3692-3708.
Sheppes, Gal, Susanne Scheibe, Gaurav Suri, Peter Radu, Jens Blechert, and James J. Gross.
"Emotion regulation choice: a conceptual framework and supporting evidence." Journal of
Experimental Psychology: General 143, no. 1 (2014): 163.
Watson, Luke. "Corporate social responsibility research in accounting." Journal of
Accounting Literature 34 (2015): 1-16.