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What is HI6025 Accounting Theory and Current Issues unit?
Unit HI6025 Accounting Theory and Current Issues allows the study of basic theories and practical models of accounting and using that knowledge on understanding the basics of financial reporting issues and emerging issues in accounting and decision taken by accounting standards board and studying different accounting standards.
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Assignment Title Adoption of IFRSs: A Critical Review – Get Assignment Help Service for This Assignment!
Required Task (Assignment Title Adoption of IFRSs: A Critical Review) : In the body of the assignment, students will have to critically discuss the following issues:
LOL 1. The relevance of the Conceptual Framework of financial reporting. How useful is it with examples to illustrate your arguments.
LOL 2. Compare and contrast the implementation of IFRSs in Australia and one other country of your choice. The second country must have adopted IFRSs for at least 5 years.
LOL 3. Based on your findings, do you think the adoption of IFRSs were successful in the two countries? Explain your answer.
LOL 4. Provide two recommendations to the national accounting setting bodies (incl. AASB) on ways to ensure the IFRSs continue to be relevant to users’ needs and to all sectors of the economy.