What are international financial reporting standards (IFRS)? 2. How could accountants evaluate the decision usefulness of adopting the IFRS? 3. What role can positive theory play in resolving the current controversies in accounting theory? 4. What type of a theory is historical cost? How has it been derived? Do you have any criticisms of historical cost accounting? 5. Explain the psychological pragmatic approach to accounting theory. Give an example of how it can be applied. 6. Compare and contrast the efficient markets hypothesis and human judgement theory. Are they inconsistent with each other? Explain. 7. Explain the concept of ‘fair value’ as defined in IAS 16/AASB 116 and outline benefits to financial statement users of continually revaluing assets to their current value. 8. Name the three basic methods of matching. Give an example of each. How do they align with the expense recognition criteria outlined in AASB Framework?
- Assignment status: Already Solved By Our Experts
- (USA, AUS, UK & CA PhD. Writers)
- CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS