Posted: November 8th, 2022

BUSM054 FINANCIAL REPORTING

BUSM054 2022-23 Sem A Task
SCHOOL OF BUSINESS AND MANAGEMENT
QUEEN MARY, UNIVERSITY OF LONDON
BUSM054 FINANCIAL REPORTING
2022/23 SEMESTER A
COURSEWORK ASSIGNMENT
The conceptual framework said that accounting info ought to be
comprehensible, verifiable, comparable, related and faithfully characterize
firms’ monetary efficiency and place in order that the customers of the
accounting info could make judgemental selections. Additional, in current
years the IASB has more and more favoured the usage of ‘Truthful Worth’ in its
requirements.
Required:
Within the mild of the earlier assertion:
- Write an educational report back to critically talk about the usage of Truthful Worth
Accounting ‘FVA’ for valuing property and liabilities in monetary statements.
- Gather and visualise information from firms’ monetary statements to
help your arguments. You can also obtain the info from datasets.
- Use related concept (theories) to analyse the motivation of firms to
undertake (or to not undertake) FVA.
The task ought to include not more than 2,500 phrases (excluding the
appendices/bibliography/references).
Submission
The task should be uploaded through QMplus, as a Phrase or pdf file. Please
guarantee your ID quantity (however not your identify) is clearly famous.
All assignments should be phrase processed and marks will likely be given for good
presentation. Poor presentation and poor use of the English language will not be
marker-friendly and you'll lose marks. The size of this piece of labor ought to
be not more than 2,500 phrases (excluding the references), however it's high quality and
not amount that counts.
Submission Due date:
Week 7, by the top of November 11th at 15:00
Plagiarism
Plagiarism is “to steal from the writings or concepts of one other”, it's copying or
presenting materials from another person’s work in your individual written coursework
with out quotation or any indication that the fabric is a citation (that's,
another person’s phrases from books, newspapers, journals and different printed
sources).
BUSM054 2022-23 Sem A Task 2
You might be utilizing the Web as a useful resource to your work, however you have to
at all times reference the websites you employ. Be very cautious while you obtain
supplies from the Web: you have to both quote materials in case you use it straight,
or put the substance in your individual phrases. Copying from the work of one other
scholar, or getting one other scholar to put in writing one thing which you hand in as
your individual work, can be plagiarism and is topic to the identical penalties because the
unacknowledged use of printed sources. Bear in mind that is a person piece
of labor and plagiarism will likely be handled severely. You could find particulars of
Queen Mary’s evaluation offences rules on-line:
http://www.arcs.qmul.ac.uk/policy_zone/assessment_offencesregulations.pdf
Please additionally notice that the college reserves the proper to place submitted work
by way of anti-plagiarism software program (the ‘Turnitin’ programme) to help to find
plagiarised textual content therein.
BUSM054 2022-23 Sem A Task three
References
It is a research-based task and so far as attainable it's best to check with
applicable books, skilled journals and tutorial journals. All sources of
info ought to be absolutely cited in an inventory of references. Some attainable sources
are listed within the appendix: most have been uploaded onto QMplus. These are
strategies solely, there isn't any requirement to learn all (or any) of those sources.
Discover (and use) others as a substitute of (or in addition to) these.
Tutorial accounting journals that you simply would possibly discover helpful:
• AOS - Accounting, Organizations and Society
• AAAJ - Accounting, Auditing and Accountability Journal
• Abacus
• ABR - Accounting and Enterprise Analysis
• CPA – Crucial Views on Accounting
• EAR - European Accounting Overview
• AF – Accounting Discussion board
Skilled Journals:
• Economia
• Accounting and Enterprise
• Monetary Administration
A listing of all of the references used ought to be included on the finish of your work in
listing in alphabetical order of creator surname.
References ought to comply with the Harvard system. Steerage on the is offered
on QMPlus at
https://qmplus.qmul.ac.uk/mod/e book/view.php?id=653429&chapterid=66164
All references MUST be absolutely cited, even journal articles accessed on-line.
BUSM054 2022-23 Sem A Task four
Different notes
• Your reply should be in report type, making appropriate use of sub headings
• You should embody a phrase rely on the finish
• Font dimension 12 (both Instances Roman or Arial)
• Use paragraphs appropriately
• The coursework should be typed and double-spaced
• Don't rely solely on the web for analysis
• Be sure that you reply the query
• Take care with presentation
• Insert web page numbers
• You shouldn't put your identify on the coursework, or on the entrance sheet,
simply scholar ID and so forth. as directed.
• Take note of spelling and grammar
BUSM054 2022-23 Sem A Task 5
Appendix –urged (chosen) readings (all obtainable on QMPlus, aside
from Maynard chapter)
Please notice these are merely strategies, not required readings.
Introductory
Maynard textbook, Chapter 10.
Bromwich, M. (2007), ‘Truthful values: imaginary costs and mystical markets – a
clarificatory evaluation’ in P. Walton (ed) The Routledge Companion to Truthful Worth
and Monetary Reporting, London: Routledge, pp. 46-67.
Hague, I.P.N. (2007), ‘The case for honest worth’ in P. Walton (ed) The
Routledge Companion to Truthful Worth and Monetary Reporting, London:
Routledge, pp. 32-45.
Mora, A., McGeachin, A., Barth, M., Barker, R., Wagenhofer, A., & Joos, P.
(2018). Truthful Worth Accounting: The Everlasting Debate. Accounting in Europe,
16(three): 237-55.
Škoda, M., and Bilka, P. (2012). Truthful Worth in Monetary Statements:
Benefits and Disadvantages, Studia Universitatis "Vasile Goldi" Arad
Economics Sequence, 22(2): 1-Eight.
Veron, N. (2008). Truthful worth accounting is the improper scapegoat for this disaster.
Accounting in Europe, 5(2): 63–9.
Woods, M. (2004), ‘Truthful worth accounting’, ACCA.
Extra superior
Benston, G.J. (2007), ‘Truthful Worth Accounting: A cautionary story from Enron’, in
P. Walton (ed) The Routledge Companion to Truthful Worth and Monetary
Reporting, London: Routledge, pp. 233-46.
Benston, G.J. (2008). ‘The shortcomings of fair-value accounting described in
SFAS 157’, Journal of Accounting and Public Coverage, 27(2): 101–14.
Biondi, Y. (2011). The Pure Logic of Accounting: A Critique of
the Truthful Worth Revolution, Accounting, Economics, and Regulation, 1(1): Artwork. 7.
Bradbury, M (2008), ‘Dialogue of Whittington’, Abacus, 44(2): 169-80.
(Be aware: it is a dialogue of the Whittington paper listed under).
Georgiou, O. and Jack, L. (2011). In pursuit of legitimacy: A historical past behind honest
worth accounting, British Accounting Overview, 43(four): 311–323.
Gwilliam, D. and Jackson, R. (2008), ‘Truthful worth in monetary reporting:
Issues and pitfalls in apply: A case research evaluation of the usage of honest
valuation at Enron’, Accounting Discussion board, 32(three): 240-59.
BUSM054 2022-23 Sem A Task 6
Haldane, A. (2012). Dialogue of ‘Monetary devices, monetary reporting,
and monetary stability’ by Christian Laux (2012), Accounting and Enterprise
Analysis, 42(three): 261-6.
Laux, C. (2012). Monetary devices, monetary reporting, and monetary
stability, Accounting and Enterprise Analysis, 42(three): 239-260.
Laux, C. and Leuz, C. (2009), ‘The disaster of fair-value accounting: Making
sense of the current debate’, Accounting, Organizations and Society, 34(6-7):
826-34.
Lee, TA (2008), ‘Overview of ‘The Routledge Companion to Truthful Worth and
Monetary Reporting’, Accounting and Enterprise Analysis, 38(1): 93-6.
Penman, SH (2007), ‘Monetary reporting high quality: Is honest worth a plus or a
minus?’, Accounting and Enterprise Analysis, Particular Situation: Worldwide
Accounting Coverage Discussion board, pp. 33-44.
Energy, M. (2010). Truthful worth accounting, monetary economics and the
transformation of reliability, Accounting and Enterprise Analysis, 40(three), 197-
210.
Ronen, J (2008), ‘To Truthful Worth or to not Truthful Worth: A broader perspective’,
Abacus, 44(2) 181-208.
Whittington, G (2008), ‘Truthful Worth and the IASB/FASB Conceptual
Framework: An alternate view’, Abacus, 44(2) 139-68.
Zamora-Ramírez, C. & Morales-Díaz, J. (2018). The Use of Truthful Worth
Measurement in Monetary Reporting: A Literature Overview, Estudios de
Economia Aplicada/Journal of Utilized Economics, 36(2):489-514.