ACC401A Research Paper

Answer it precisely and clear format

Reflecting on what's been learned about the content knowledge and competencies needed for the role of accounting and finance one aspires to play in that field, Brainstorming strategies for taking advantage of the knowledge and skills already had, acquiring the content knowledge one needs, and developing the skills need.

Part AThe corporate disclosure practice will help all the stakeholders to understand and measure businessoperation. Annual financial statement and particularly income statement is one of the most important ones.However, a company's reported profits will be impacted by different factors, including when particulartransactions and events are recognised and how such transactions and events are measured.Requirement:1) Using earning management concept, discuss why the timing of recognising events that impactincome, revenue or profit or expenses are important for managers?"Maximum 1000 words."Part BABC Ltd has incorporated a bonus plan that rewards the board of directors (executive members) by providinga bonus of 3 per cent of reported profits. This is an Accounting-based incentive that has the advantage whichthe accounting results may be based on subunit or divisional performance."A well-informed labour market will motivate management to work to maximise the value of its…

Discussion Thread: Valuation Factors. discuss the factors that lead to a valuation of a company’s worth compared to that of the financial statements and how company executives create the most value for all stakeholders.

Suppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?

Current Attempt in Progress Your answer is partially correct. A company found itself with access to the following types of data. • Human resources data. • Lender and shareholder data. • Customer service data. • Industry reports. Classify each type of data in terms of its source, internal or external, and also in terms of its format, structured or unstructured. For any of the above sources that were identified as unstructured, describe a specific example of data within that source that could be unstructured. Format Specific example Structured and Unstructured Employee Personnel Records Data Type Human resources data Source Internal Lenders and shareholder data External ✓ Structured Customer service Internal Audio Recordings of Phone Calls Structured and Instructured Audio Recordings of Customer Phone Calle

Management accounting has the following features: Select one: O A. Future orientated focus O B. Stewardship orientation focus O C. Focus on detailed annual reports O D. Focus on decision-making needs of shareholders

Question No.1 Accounting is an important service activity in business and is concerned with collecting, recording, evaluating and communicating the results of past events. The history of accounting developments reflects its changing role in response to the changing business and social needs. With the emergence of management accounting, the focus of accounting has been shifting from mere recording of transactions to that of aiding the management decisions. Accounting can be perceived as an information system which has its inputs, processing methods and outputs. The usefulness of accounting lies in its capacity to provide information to various stakeholders in business so that they could arrive at the correct decisions. The organizational setting for accounting and finance in different organizations, depending upon their nature and size of business, function may also vary technology and structural form. Required: Do you think that the role of Accounting is very important in a Merchandise…

The business research process involves a series of steps that systematically investigate aproblem facing the organization. Select one example of a business problem  discuss the sequence of steps that can be followed to conduct the business researchto help in decision making.

Now, consider emerging trends in business today.  How should the discipline of managerial accounting evolve to meet the changing needs of organizations?  Be specific.  Suggest specific accounting information needs that you feel managers have in the current business environment.

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Identify the following statements and match it with the one of the qualitative characteristics of financial statement. Submitted Answers Prompts Choose a match The information provided to user to determine the company's growth or future potential Neutrality The financial Statements most be produced within a certain period that users can take advantage of information to make Predictive Value informative decision. Financial Statement is complete, neutral and free of material O Faithful represented statement, it means that it is.. Timeliness The information provided in the financial statement should not be biased to specific group of users.

The corporate disclosure practice will help all the stakeholders to understand and measure businessoperation. Annual financial statement and particularly income statement is one of the most important ones.However, a company's reported profits will be impacted by different factors, including when particulartransactions and events are recognized and how such transactions and events are measured.Requirement:1) Using earning management concept, discuss why the timing of recognizing events that impactincome, revenue or profit, or expenses are important for managers?

Required information Accounting is an information and measurement system that aims to identify, record, and communicate information about business activities. It helps assess opportunities, products, investments, and social and community responsibilities. Users of accounting are both internal and external. Some users and uses of accounting include (a) managers in controlling, monitoring, and planning; (b) lenders for measuring the risk and return of loans; (c) shareholders for assessing the return and risk of stock; and (d) employees for judging employment opportunities. Opportunities in accounting include financial, managerial, and tax accounting. 430s :00 / 1:27 1x Knowledge Check 01 Select the correct term for the following types of users: Users Terms Customers Purchasing manager Marketing Manager Suppliers Labor Union