ACCM4600 Accounting Theory and Contemporary Issues Evaluating Information Sources Full citation of resource Author’s credentials Author’s intended audience Author’s main argument(s)/main idea(s) What...

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ACCM4600 Accounting Theory and Contemporary Issues
Evaluating Information Sources
    Full citation of resource
    Author’s credentials
    Author’s intended audience
    Author’s main argument(s)/main idea(s)
    What evidence is provided to support the argument/idea? Give specific examples
    Does the source raise any questions you need to answer or have connections to other sources you have seen? (For example, it supports or contradicts them) If so, name the sources.
    Conclusion (overall value of the resource and use in the report)

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Assessment 1 Information
Subject Code: ACCM4600
Subject Name: Accounting Theory & Contemporary Issues
Assessment Title: Individual Research Assignment – Part 1 and Part 2
Assessment Type: Research Assignment
Weighting: 20% + 40%
Submission: Via Turnitin
Due Dates: Weeks 5 & 10
Your Task
1) Prepare to write a business report by following the instructions given below
2) Write the final business report by following the instructions given below
Assessment Description
You work for a large accounting and consultancy firm. Part of the role of your department is to
advise governments and regulators around the world on issues concerning the convergence and
adoption of International Financial Reporting Standards (“IFRS”).
Indonesia’s cu
ent policy is of the gradual convergence of Indonesian Financial Accounting
Standards to IFRS.
The Indonesian government, through the Ministry of Finance (“MoF”) has been lo
ied by
organisations both in support of and against the adoption of IFRS. Some of those against adoption
have referenced the outcome of the recent US presidential election and the UK’s ‘Brexit’ as
evidence of a ‘retreat from globalisation’ which undermines arguments in favour of IFRS.
The MoF is considering several options put to them by the different lo
y groups including:
- suspending the convergence program and retaining their own separate standards
- continuing the same cu
ent approach of ‘gradual convergence’
- adopting IFRS fully as soon as possible
The Indonesian MoF have contacted your firm and requested help with their deliberations over this
important matter, which is proving problematic as different individuals within the ministry have
different opinions. To help them make a decision the MoF would now like an impartial report,
including recommendations.
Two of the partners of your firm, Mrs A.D. Option and Mr Con Vergence, have identified you as
ideal to lead a team writing the report. The team you lead will include non-accounting graduates
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from the consulting arm of your business. The partners request that you first provide a report plan
(Part 1) before completing the report (Part 2). They inform you that not all relevant staff at the MoF
are accountants and as such your report should be understandable to both accountants and non-
The MoF have requested that the report contains (but is not necessarily restricted to) responses to
the following aspects:
1. Briefly outline the origins, history and expansion of IFRS.
2. Briefly provide the cu
ent and likely future position of IFRS globally in terms of coverage and
any major alternative accounting rules in use.
3. Arguments for and against fully adopting IFRS; what are the costs and benefits to the
Indonesian economy, the Indonesian government and other parties? A recommendation is
4. If Indonesia did decide to fully adopt IFRS, provide arguments for and against a one-off
adoption (as opposed to a more gradual convergence). A recommendation is required.
You are aware of some excellent literature on the expansion of IFRS in developing and other
countries that you will also incorporate in this report. You can include any information in the report
which you think will assist the MoF to make these important decisions. You must support your
arguments and hence use at least ten resources to inform your discussion. The li
ary databases
(http: will provide many useful journal articles on
this topic.
Assessment Instructions

You need to provide this information requested above in a report format in two stages as outlined

Part 1: 20% due Monday of week 5 – Evaluating information resources and research plan –
detailed instructions:

1) Read the case study and
iefly answer the following questions:

a) What is the purpose of your report?
) What is the audience for your report?
c) What are the (key) decisions to be made?
d) What information would help you to make these decisions?
e) When you search for relevant information (in a database for example) what keywords do
you use?

2) Identify 10 sources relevant to the project (e.g. journal articles, textbooks, websites etc). At least
4 of these must be academic journal articles but there should be a variety of different sources
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3) Complete a source analysis on 3 of the 10 sources with full bibliographic references. At least 2
of these sources must be academic journal articles. Refer to the source analysis template.

4) Provide a full plan of main and sub headings of the report (include appropriate numbering).
Resources to help you understand these requirements and in particular the source analysis
template are provided on Moodle, including explanatory documents, marking ru
ics and slides
(which accompany a presentation by your lecturer in week 2).

Resources to help you understand these requirements and in particular the source analysis
template are provided on Moodle, including explanatory documents, marking ru
ics and slides
(which accompany a presentation by your lecturer in week 2). Please ensure you use all the
documents provided to help you.

Maximum words: 1500

Part 2: 40% due Monday of week 10 - Final Business Report

Business report technical content 30%
Business report format, language, presentation & response to feedback 10%

Maximum words: 3000 (not including references, abstract and appendices)

Note: The Assessment Ru
ic or marking ru
ic is a separate document and you are advised to
ead through it to obtain guidance on how the lecturers will mark your assignment.

A summary of the mark allocation is given below:

Summary of Marks:

Technical Skills - 30 Marks
Professional Competency Skills:
Feedback, Format, Language and Presentation 10 Marks
Evaluating information resources and research plan 20 Marks

Assignment Mark 60 Marks
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Answered Same DayApr 27, 2021ACCM4600


Sourav Kumar answered on Apr 28 2021
64 Votes
Part 1:
1. A. The purpose of this report is to
iefly outline the origins, history and the expansion of International Financial Reporting Standards (IFRS). This report will also
iefly state the recent and possibly the future position of IFRS globally mainly in terms of gathering or if there are any major alternative account rules that are being used. This report will try to discuss relating to the arguments in favour of and against fully adopting IFRS. The report should be made in such a way so that the non-accounting department can also understand the results of the report.
B. The main audience of this report is the Indonesian Government through the ministry of finance (MoF). The problem arose when each individual member of the government had their own views about IFRS. So in order to help the government officials to come to a conclusion and make a decision this report is supposed to be made.
c. The most primary decision that is made is actually advising the Indonesian government as well as other regulators round the globe on problems that are in relation to the convergence as well as acquiring of International Financial Reporting Standards. There is a very mixed reaction to this, some of the officials are ready to adopt the changes where as many of them are being sceptic regarding the introduction of International Financial Reporting Standards.
d. In order to take a proper decision it is very important to understand what will be the cost of implementing these changes and also find out the benefits of IFRS for the government of Indonesia, their economy and also the people of Indonesia.
e. In order to search for relevant information it is very important to understand the keywords that will help in finding the relevant information. In this case we will use keywords such as IFRS, adoption of IFRS in Indonesia.
2. I https:
Armstrong, Christopher S., Mary E. Barth, Alan D. Jagolinzer, and Edward J. Riedl. "Market reaction to the adoption of IFRS in Europe." The accounting review 85, no. 1 (2010): 31-61.
ii. https:
Ball, Ray. "International Financial Reporting Standards (IFRS): pros and cons for investors." Accounting and business research 36, no. sup1 (2006): 5-27.
iii. https:
Soderstrom, Naomi S., and Kevin Jialin Sun. "IFRS adoption and accounting quality: a review." European accounting review 16, no. 4 (2007): 675-702.
iv. https:
Jeanjean, Thomas, and Hervé Stolowy. "Do accounting standards matter? An exploratory analysis of earnings management before and after IFRS adoption." Journal of accounting and public policy 27, no. 6 (2008): 480-494.
v. https:
Saito, Masako, Kazuo Hiramatsu, and Sekar Mayangsari. "Accounting Education for the Implementation of IFRS in Indonesia." International review of business 12 (2012): 1-21.

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