Answer To: 1 HI6025 Accounting Theory and Current Issues Trimester 2 2018 Group Assignment Due date: 11.59pm...
Abr Writing answered on Sep 25 2020
Running Header: Accounting Theory & Current Issues 1
Accounting Theory & Current Issues 10
Accounting Theory & Current Issues
Executive Summary
The primary aim of this report is to identify relevant articles in the topic of Theories in Financial Accounting and undertake a comparative assessment. Accordingly, the research articles reviewed include “Theoretical perspectives on corporate disclosure: a critical evaluation and literature survey” by Omran and El-Galfy (2014), and “The evolution of fraud theory” Dorminey et al. (2012). By reviewing these two articles, this report presents a detailed evaluation of these two studies highlighting the rationale behind the selection of these articles, their purposes / objectives, the various similarities / differences amongst them, and finally, the major implications.
Table of Contents
Executive Summary 2
Introduction 4
Rationale for Choosing the Research Articles 4
Purpose and Research Questions 5
Similarities & Differences 6
Major Implications 7
Conclusion 8
References 10
Introduction
The research articles identified for assessment and for undertaking this study include the following – [i] “Theoretical perspectives on corporate disclosure: a critical evaluation and literature survey” by Omran and El-Galfy (2014) focusses on application / significance of financial accounting theories in the context of corporate disclosure, and, [ii] “The evolution of fraud theory” Dorminey et al. (2012) focusses on evolution in the financial accounting theory of Fraud Triangle framework and using the same to develop a meta-model to better understand financial accounting frauds.
This report presents a detailed evaluation of these two studies highlighting the rationale behind the selection of these articles, their purposes / objectives, the various similarities / differences amongst them, and finally, the major implications.
Rationale for Choosing the Research Articles
At the outset, it has to be noted that theory offers a systematic approach to understand the behaviours, events, and / or the situations. In essence, theory offers range of definitions, concepts, as well as propositions that are interrelated as well as predict / explain the situations or else events by way of specifying the relations amongst the relevant variables. Accordingly, the studies identified for this report concern the Theories concerning Financial Accounting.
In this context, the rationale behind the selection of Omran and El-Galfy (2014) are as follows – [i] this study focusses on many different financial accounting theories and their application meeting the primary objective of this exercise, [ii] secondly, by focussing on the issue of corporate disclosure which is of prime significance in the current era mired with corporate governance concerns, financial / corporate frauds, reliability of audits, etc. this study by Omran and El-Galfy (2014) offers immense scope of knowledge development within the current financial accounting landscape, and, [iii] As Omran and El-Galfy (2014) evaluate various different...