Review of Current Accounting Issues

In your accounting career you will be required to analyse current accounting issues and communicate your theoretical understanding to your professional colleagues and your clients. For this assignment assume that you are the senior accountant working for a major firm.

Question (1,500 words)

The CEO has forwarded to you an interesting article and requires you to provide her with a deeper theoretical understanding of the issues discussed so that she can fully engage in the lively discourse at an upcoming conference.

You are required to find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after the 1st of January 2018. Your article could also come from one of the professional journals. The article should not come from an academic journal. Academic journals generally do not contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. If you are having a problem ensuring that your article is from an appropriate source contact your subject coordinator.

You then need to explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. Support your analysis of the assumptions and implications of the topic or theory as appropriate with reference to sources in APA 6 style. For example, this article from the Sydney Morning Herald in April 2016 could be linked to the topics of accounting regulation and measurement (and perhaps others). You must provide a copy of the article or web page, with details of the source, date and page number with your answer.

(News, Issues Need to be searched on internet)(And link of the article needs to be inserted)

Should Parents Pay Their Children When They Earn High Grades in School?

We all probably recall knowing someone in school who got $5 for every “A” they earned in school. Research has found that encouragement of autonomous functioning, individual challenge, and positive feedback stimulates an intrinsic motivation to achieve (Deci & Ryan, 1985). If the environment is highly controlling, however, the internal forces for mastery-achievement may be undermined. Parents who use surveillance and frequent rewards socialize their children to be motivated by, and desire, extrinsic rewards. Two specific parenting behaviors were related to extrinsic motivation and lower school performance. They found that over controlling parents (those who engaged in extreme supervision of homework completion) had children who were more likely to rely on external sources for evaluation. Their grades and achievement scores were lower as well. Parents who relied on external rewards also had children with extrinsic motivation and lower school performance. Ginsburg and Bronstein speculate that extrinsically rewarded children use external criteria to assess their performance, which alters the children’s perception of themselves. This may undermine their ability to self-regulate and choose appropriate work. These children do not learn how to judge their own performance. Encouragement of intrinsic motivation, which is bidirectional and reciprocal, will foster independent self-evaluation and academic success. The goal is for the child to develop the ability to self-regulate and take responsibility for academic success; thus, the parents are not solely responsible for their child’s outcome. So, does paying our children for good grades motivate them to do well in school? Do you see how these children are not able to learn how to judge their own performance? Elaborate. What are some ways that parents can foster the development of intrinsic motivation?

When 2A (g) <-----> B(g) + C(g) [exothermic] is at equilibrium the concentration of B

a. increase

b. decreases

c. is unchanged

d. changes randomly

e. cannot predict

Concentration of C is increased, concentration of A

a. increase

b. decreases

c. is unchanged

d. changes randomly

e. cannot predict

Concentration of C is increased, concentration of B

a. increase

b. decreases

c. is unchanged

d. changes randomly

e. cannot predict

If temp is raised the concentration of C

a. increase

b. decreases

c. is unchanged

d. changes randomly

e. cannot predict

If volume of reaction is decreased concentration of A will

a. increase

b. decreases

c. is unchanged

d. changes randomly

e. cannot predict

when reaction is at equilibrium

a. [a]=[b]=[c]

b. [a],[b]&[c] depend on Kc

c. Kc < Qc

d. Kc > Qc

e. cannot predict

Please briefly explain each

Market Research

• Describe what the concept is and how it functions.
• Explain how it molds the beginning stages of a marketing plan.
• Describe how it changes throughout the course of marketing plan’s “life”.

Segmentation

• Describe what the concept is and how it functions.
• Explain how it molds the beginning stages of a marketing plan.
• Describe how it changes throughout the course of a marketing plan’s “life”.

Pricing

• Describe what the concept is and how it functions.
• Explain how it molds the beginning stages of a marketing plan.
• Describe how it changes throughout the course of a marketing plan’s “life”.

Targeting

• Describe what the concept is and how it functions.
• Explain how it molds the beginning stages of a marketing plan.
• Describe how it changes throughout the course of a marketing plan’s “life”.

Positioning

• Describe what the concept is and how it functions.
• Explain how it molds the beginning stages of a marketing plan.
• Describe how it changes throughout the course of a marketing plan’s “life”.

Question Three

A has contracted with B to construct a factory in Oman. The first payment has been received by B and started working for three months. Oman has adopted new regulation relating the security in the factories. This regulation required new materials and changes in the construction of the factory. All of this has raised the price of the actual contract. A has asked be to include the materials and the do the changes according to the new regulation adopted by the government at the same price and conditions according to the contract signed. B has decided to stop the work and asked to renegotiate the contract and the prices. A has no budget to finance the new materials and the changes in the factory and asked B to continue work and do the changes.

.5. What action A should take to make B start work even it doesn’t have the budget for the changes adopted by the government?

6. In your conclusion, you should provide a good solution for A and B to continue to work together and build the factory with the new government requirements.

How do economists use the concepts of marginal utility and budget constraints to construct demand curves and determine the distribution of consumer spending? Discuss how marginal utility analysis can help you understand the purchasing patterns of a product or service you commonly buy. What might happen to your purchases if the price of the product changes, the price of a substitute product changes, or your income changes? Or if your tastes and preferences change?

Many have called for the auditor’s report to be more informative and relevant therefore many changes happened in the auditor report in the last five years. especially ISA 701 , which is about “Communicating Key Audit Matters in the Independent Auditor’s Report. So you are required to show the reasons for the changes in ISA 701 and what is the impact of these changes on the auditor and other stockholders (Please write the answer so I can copy it)

Explain the following statement by ILLUSTRATING each case: “Changes in disposable income lead to
movements along the consumption function, whereas changes in wealth or other factors lead to a shift of
the consumption function.”