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Accounting Management
Accounting Management
Research Background
The accounting standard is a kind of accounting process through which the financial statements are prepared by the accountants within the organisational business operations.
The accounting standard is a kind of accounting process through which the financial statements are prepared by the accountants within the organisational business operations.
The standards of the accounting standards depend on the performances of private accounting professionals.
Through the overview of the previous reports, it is noticed that in the obvious years the business companies were facing different issues in case of managing their financial performances. The lack of involvement of the financial performance management process served issues in front of the companies at the time of adopting high rates of earning revenues. With the development of time and technology, the financial accounting process of the business companies is also changed. In that respect, the companies are adopting developed methods that can help them in the easy accounting process of all the financial performances that they are performing in their business performances. As contradicted by Laux & Stocken (2018), the changes in the accounting system with the drastic steps are helping the business companies in the management of their financial operation with an effective and successful manner. In the current scenario, the Australian banking organisation like Westpac group is adopting the accounting standards to operate their accounting actions with effectiveness.
Research Objectives
To identify the methods of accounting standards
To evaluate the concept of accounting standards
To analyse the impact of accounting standards within the business performances of the companies
To recommend the best practices that can help in the successful implication of accounting standards in company performances
Within this research proposal, the researcher is selecting some objectives of the research paper. The selection of the research objectives can help the researcher in case of adopting different information based on the topic of this research.
Research questions
What are the methods of accounting standards?
What is the concept of accounting standards
What is the impact of accounting standards within the business performances of the companies?
What are the best practices that can help in the successful implication of accounting standards in company performances?
The research questions that are adopted by the researcher will help in the collection of relevant information of this research paper
Based on the research objectives the researcher is also adopting some questions in this research proposal.
Concept of Accounting Standard
Accounting standards can be considered as multiple sets of principles.
In order to bring transparency in any sector of consideration, there is a huge need for understanding the concept of the accounting standard.
The concept of the standard of the organisation can be defined by proper analysis and effective judgement
here is a need for the accounting standard in order to review any of the financial statuses of any organisation. In order to acquire that financial information the volatility and the flexibility of the organisational behaviour is needed. There can be various parameters in case of the measurement of the nature of the accounting standard. Those parameters are such as materiality, conservatism, matching, accrual etc. In the part of the definition of the accounting standard the rules and the principals also play an important role. Various accounting terminology and various accounting treatment are also being applied in the case of the discussion of the concept of the...