ACC301- Analysis of contemporary accounting issue accounting assignment help

Code – ACC301 Assignment Help

Subject – Accounting Assignment Help

Questions:

1) Provide a brief background in your own words to the role of a conceptual framework in accounting, including benefits of having one, together with problems and criticisms of the current (2010) framework.

2) In your own words and in your opinion, what should be the objective of general purpose financial reporting?

3) In your own words, explain what you understand by the term ‘prudence’. How can an ‘asymmetrically prudent’ accounting treatment lead to the understatement of income in one period but an overstatement in future periods?

4) a) In your own words, explain what is meant by the concept of substance over form. You can use examples from within and/or outside accounting to help answer this question.

4) b) Do you agree with the board’s decision to state explicitly that a faithful representation represents the substance of an economic phenomenon instead of merely representing its legal form? Justify your answer.

 ACC301- Analysis of contemporary accounting issue accounting assignment help

The financial accounting refers to the procedure of management and also being accountable for all finances in an organization.  In this field, there is the management of balance sheets, statements, sales record, expenditure receipt or even the financial reports or an organization. Our best Australian writers have the capability to deliver ACC301- Analysis of contemporary accounting issue accounting assignment help online. Thus you can always stay rest assured that you are going to receive the top quality and also professional ACC301 coursework with in mentioned time.