Accounting

Assessment Item 1

Developed
economies all have their own regulatory environment for accounting and
financial reporting. This assignment allows you to explore two different
regulatory environments of your choice, and to evaluate the theories of
regulation that best describe those environments.

This
assignment is in two parts, which you will combine into a single
report. Each will involve a review of the relevant literature to
establish the dominant views involved in each environment. Your
conclusion at the end of the report will identify the most important
findings for each review.

Part A

Select any two of the following countries:

1. Australia


2. United Kingdom


3. India


4. Singapore.

Undertake a literature review for each of these countries’ regulatory environment for financial reporting. For each regulatory environment, find commentary on:

1. The perceived problems of each system


2. How the environment works (who are the major decision makers, what legislation is needed etc.)


3. What is that country’s progress towards the adoption of IFRS?

Part B

Analyse each of your selected environments through the lens of Regulatory Capture Theory. To do this, you will have to conduct a literature review that will explain:

1. What Regulatory Capture Theory is and why is might be useful,


2. What characteristics might indicate that a regulatory environment might be “captured”.

Conclusion

Use
Regulatory Capture Theory to critique each of your selected
environments and advise of the extent that these environments might be
captured (and by whom), or indeed might not be. If you have detected
evidence of some capture, is this a good thing or a bad thing? Support
your argument with your observations in Parts A and B.

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What to submit

You must submit your assessment in the form of a single report, in the following format:

Executive Summary

Use
the executive summary to summarise your topic and the key points of
what you found in the literature about your topic. This should be no
more than two paragraphs. Professional writers usually write part after
they have finished the report.

Introduction

This
is not the same as a synopsis. An introduction should be a roadmap to
your entire report: what the topic was, where you searched, what you
found, what the key points are.

An
introduction can take up to half a page. Write this after the
literature review and conclusion sections, but before the synopsis.

Report (2,000 words in total - 20 marks)

1. Part A: Comparison of two regulatory environments (1,000 words - 10 marks)


2. Part B: Analysis of each environment using Capture Theory (1,000 words - 10 marks)

Conclusion (500 words on your findings from using Capture Theory - 4 marks)

This
wraps up (summarises) the key points of the report. Use this section to
conclusively and clearly respond to the requirements of the topic.

In this part you specifically summarise your findings using Regulatory Capture Theory as your guide.

Normally
you would not receive marks for your literature review in this part of
the assignment, but in this case you are using Capture Theory to make
your summary. Therefore you get marks for your scholarship here, too.

Reference List

Place your references here. I expect quite a few. Each reference listed here must also
have a citation within the text of your literature review. The reverse
is also true: every citation of a source within your literature review must point to a reference here in your reference list.

The assessment criteria

As
you can probably guess, there is no single "correct" answer for this
assignment, although there can be many "incorrect" answers. You will be
assessed on:

• the
  quality of your scholarship (research, processing information, and
  finally the ability to present what your found out in a useful way) (80%)


• the quality of your English expression (10%)


• the quality (readability) of your presentation (10%).

You
must use APA referencing style for this assignment and you must be
consistent: you must reference all sources of your information. A
failure to reference properly will attract penalties of up to 5 marks.

To get solution visit our website www.sourceessay.com

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