代写 Swinburne ACC80005 Financial Accounting Theory

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ACC80005 Financial Accounting Theory

Semester 1, 2016

T HIS ASSIGNMENT MUST BE UNDERTAKEN INDIVIDUALLY AND CARRIES 30% OF

THE TOTAL MARKS IN THIS UNIT OF STUDY

Assignment

Integrated reporting (<IR>) is an innovative approach to corporate reporting which is

gradually gaining international recognition. The International Integrated Reporting

Committee (IIRC), which is the peak body driving the integrated reporting agenda

internationally, explains that integrated reporting is about “communicating the full range of

factors that materially affect the ability of an organization to create value over time” (IIRC,

2013a, p.8). According to the IIRC “an integrated report is a concise communication about

how an organization’s strategy, governance, performance and prospects, in the context of its

external environment, lead to the creation of value in the short, medium and long term.”

(IIRC, 2013b, p.1)

Required

1) Flower (2015) explains that the IIRC was initiated with the purpose of creating a globally

accepted framework for accounting for sustainability (The Prince's Accounting for

Sustainability Project and Global Reporting Initiative, 2010) but what ultimately

eventuated is a framework for communicating to providers of financial capital the “ability

of an organization to create value over time” (IIRC, 2013a, p.8). It seems that IIRC

abandoned the sustainability agenda along the way. How would you explain the IIRC’s

change of focus in relation to integrated reporting? When constructing your answer use

one or more theories to explain the reason(s) for IIRC’s change of focus. You should

conduct your own desk research to obtain supporting evidence and facts to strengthen

your arguments and justify the appropriateness of the selected theory/theories. (approx.

1250 words) (15 marks)

2) Tweedie and Martinov-Bennie (2015) argue that integrated reporting as conceptualised by

the IIRC upholds the entitlements of providers of financial capital over other stakeholders

and organisational sustainability over social sustainability.

a) Using an appropriate theory support the view that listed companies should focus on

the information needs of financial capital providers over other stakeholders. You are

required to draw on empirical research evidence to support your arguments. (approx.

500 words) (5 marks)

b) Assuming the focus of listed companies is financial capital providers, critically examine

the extent to which sustainability considerations are important or not important for them.

When constructing your answer distinguish between the concepts of organisational

sustainability and social sustainability (also refer to Flower (2015) who uses a similar

dichotomy labelled “value for society” versus “value for investors”). Your discussion

should draw upon the research on information needs of providers of financial capital.

(approx. 750 words) (10 marks)

This is a research assignment and as such your assignment should provide your personal view

based on research evidence, theory and original thought.

In your assignment, you are expected to draw on:

• relevant accounting theories

• the International Integrated Reporting Framework issued by the IIRC (available at:

http://www.theiirc.org/wp-content/uploads/2013/12/13-12-08-THE-INTERNATIONAL-

IR-FRAMEWORK-2-1.pdf)

• scholarly articles from academic journals

• reports issued by professional accounting bodies, accounting firms (particularly, the Big

4), regulatory bodies, the IIRC and other organisations

• official websites of professional accounting bodies, accounting firms (particularly the Big

4), regulatory bodies, the IIRC and other organisations

• media reports on integrated reporting

Notes

Integrated reporting is covered in Chapter 9 (pp. 458-462) of your textbook. The theoretical

knowledge necessary to successfully complete this research assignment is not confined to one

or few topics but spread across many topics in this unit. Therefore, you may want to read

ahead.

Some guidance on reading scholarly journal articles is provided on the Blackboard site of this

unit. As a starting point, some key references are provided at the end of this document under

“Other key references”.

Referencing

To avoid plagiarism, you are required to provide a reference whenever you include

information from other sources in your work. Further details regarding plagiarism are

available in Section C of the unit outline.

Referencing convention required for this unit is the Swinburne Harvard System. Helpful

information on referencing using the Swinburne Harvard System can be found at:

http://www.swinburne.edu.au/lib/studyhelp/harvard_style.html

Submission Guidelines

Word count: The assignment should be structured in such a way that the three (3)

requirements are addressed separately. The entire assignment should not exceed 2500 words

(+/- 10 per cent) (excluding title page, table of content and reference list but including

footnotes, endnotes and appendices). An executive summary is not required. Please provide a

word count on the cover sheet.

Marking: The rubric for marking this assignment is available on the Blackboard site of this

unit and in the unit outline.

Format: Page margins: Top - 2.54 cm; Bottom - 2.54 сm; Left - 3.2 сm; Right - 3.2 сm.

Paper: Portrait, A4 size (8.27 inch x 11.69 inch)

Font size: 12 pt | Line spacing: 1.5 lines | Paragraph spacing: 6 pt | Alignment: Justified

Insert page numbers at the bottom of the page

Assignment submission

Assignment must be submitted through the Blackboard assessment submission system (via

Turnitin) and by placing in a specially assigned assignment drop box located on level 11 of

the BA building.

Online submission: Your assignment must be submitted via the Turnitin facility available on

Blackboard no later than 5.00pm on 15 th April, 2016. Students must also keep an electronic

or photocopied version of their assignment for evidentiary purposes.

Hard copy submission: A hardcopy version of the assignment should also be submitted by

the due date (i.e. at 5pm on the 15 th April, 2016). A duly filled Assessment Cover Sheet must

be submitted with the hard copy of the assignment. The standard Assessment Cover Sheet is

available from the Current Students web site.

References

Flower, J. (2015). The International Integrated Reporting Council: A story of failure. Critical

Perspectives on Accounting, 27(1), 1-17.

IIRC. (2013a), "Consultation Draft of the International <IR> framework", available at:

http://www.theiirc.org/wp-content/uploads/Consultation-Draft/Consultation-Draft-of-

the-InternationalIRFramework.pdf accessed 17 April 2013.

IIRC. (2013b), "The IIRC", available at: http://www.theiirc.org/the-iirc/ accessed 27 June

2013.

The Prince's Accounting for Sustainability Project and Global Reporting Initiative. (2010),

"Formation of the International Integrated Reporting Committee (IIRC)", available at:

http://www.theiirc.org/wp-content/uploads/2011/03/Press-Release1.pdf accessed 20

August 2014.

Tweedie, D., & Martinov-Bennie, N. (2015). Entitlements and Time: Integrated Reporting's

Double-edged Agenda. Social and Environmental Accountability Journal, 35(1), 49-

61.

代写 Swinburne ACC80005 Financial Accounting Theory

Other Key References

Abhayawansa, S., & Guthrie, J. (2014). Importance of intellectual capital information: A

study of Australian analyst reports. Australian Accounting Review, 24(1), 66-83.

Adams, C. A. (2014). The International Integrated Reporting Council: A call to action.

Critical Perspectives on Accounting (Article in Press - available online).

http://dx.doi.org/10.1016/j.cpa.2014.07.001

Cascino, S., Clatworthy, M., Osma, B. G., Gassen, J., Imam, S., & Jeanjean, T. (2013). The

use of information by capital providers: The Institute of Chartered Accountants of

Scotland (ICAS) and the European Financial Reporting Advisory Group (EFRAG).

Global Reporting Initiative. (2013). The sustainability content of integrated reports – a

survey of pioneers. Amsterdam: Global Reporting Initiative.

Jill, A. and Warren, M. (2015), "Integrated reporting in South Africa in 2012: perspectives

from South African institutional investors", Meditari Accountancy Research.

Lawrence, A. (2013). Individual investors and financial disclosure. Journal of Accounting

and Economics, 56(1), 130-147.

Melloni, G. (2015), "Intellectual capital disclosure in integrated reporting: an impression

management analysis", Journal of Intellectual Capital, Vol. 16 No. 3, pp. 661-680.

Reuter, M. and Messner, M. (2015), "Lobbying on the integrated reporting framework: an

analysis of comment letters to the 2011 discussion paper of the IIRC", Accounting,

Auditing & Accountability Journal, Vol. 28 No. 3.

Sakakibara, S., Hansson, B., Yosano, T., & Kozumi, H. (2010). Analysts’ perceptions of

intellectual capital information. Australian Accounting Review, 20(3), 274-285.

Soh, D. S., Leung, P. and Leong, S. (2015), "The Development of Integrated Reporting and

the Role of the Accounting and Auditing Profession", in Social Audit Regulation

(Springer), pp. 33-57.

Stent, W. and Dowler, T. (2015), "Early assessments of the gap between integrated reporting

and current corporate reporting", Meditari Accountancy Research, Vol. 23 No. 1, pp.

92-117

Setia, N., Abhayawansa, S., Joshi, M. and Huynh, A. V. (2015), "Integrated reporting in

South Africa: Initial evidence", Sustainability Accounting, Management and Policy

Journal, Vol. 6 No. 3, pp. 397-242.

Thomson, I. (2014). ‘But does sustainability need capitalism or an integrated report’ a

commentary on ‘The International Integrated Reporting Council: A story of failure’

by Flower, J. Critical Perspectives on Accounting. (Article in Press - available

online). http://dx.doi.org/10.1016/j.cpa.2014.07.003
代写 Swinburne ACC80005 Financial Accounting Theory