3101AFE Accounting Theory Workshop 6 International Accounting ___________________________________________________________________________ PART A: GENERAL QUESTIONS QUESTION 1: Identify some factors...

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3101AFE Accounting Theory
Workshop 6
International Accounting
___________________________________________________________________________
PART A: GENERAL QUESTIONS
QUESTION 1:
Identify some factors that might be expected to explain why different countries use different systems of accounting.
QUESTION 2:
After considering the Hofstede–Gray model, briefly explain the hypothesized link between society values, accounting values and accounting practice.
QUESTION 3:
Prior to recent international actions to adopt IFRSs, would you expect that large international companies domiciled in a particular country would have adopted different accounting policies from companies that operated only within the confines of that country? Explain your answer.
QUESTION 4:
Is it appropriate for accounting standard-setting bodies to consider culture and religion when devising accounting regulations, particularly given that the output of financial reporting is expected to be objective and unbiased? Explain your view.
T1_2021
(Minimum word count = 80 words for this question
2
PART B: ANALYSIS QUESTIONS
QUESTION 5:
Word limit: Between 200 and 500 words.
The study by Heidhues & Patel XXXXXXXXXXrefer article) highlights some limitations of Gray’s XXXXXXXXXXmodel of accounting values, as well as some concerns regarding the application of Gray’s model in accounting research.
Required:
a) Identify from the article, the concerns that have been raised regarding the use of Gray’s model as a theoretical basis for accounting research.
b) Do you believe that these concerns are valid?
The answers to this question will be discussed in class during the workshop.

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1

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3101AFE Accounting Theory

Workshop
6

International Accounting

___________________________________________________________________________

PART A: GENERAL QUESTIONS

QUESTION 1:

Identify some factors that might be expected to
explain why different countries

use
different systems of accounting.

QUESTION 2:
After considering the Hofstede

Gray model, briefly explain the
hypothesized
link
between society values, accounting values and accounting practice.

QUESTION
3
:

Prior to
recent international actions to adopt IFRSs, would you expect that

large
international companies domiciled in a particular country would have

adopted different
accounting policies from companies that operated only within

the confines of that
country? Expla
in your answer.

QUESTION
4
:

Is it appropriate for accounting standard
-
setting bodies to consider culture and

religion
when devising accounting regulations, particularly given that the output

of financial
reporting is expected to be objective and
unbiased? Explain your

view.

(Minimum word count = 80 words for this question
T1_2021

1


3101AFE Accounting Theory
Workshop 6
International Accounting
___________________________________________________________________________
PART A: GENERAL QUESTIONS

QUESTION 1:
Identify some factors that might be expected to explain why different countries use
different systems of accounting.

QUESTION 2:
After considering the Hofstede–Gray model, briefly explain the hypothesized link
between society values, accounting values and accounting practice.

QUESTION 3:
Prior to recent international actions to adopt IFRSs, would you expect that large
international companies domiciled in a particular country would have adopted different
accounting policies from companies that operated only within the confines of that
country? Explain your answer.

QUESTION 4:
Is it appropriate for accounting standard-setting bodies to consider culture and religion
when devising accounting regulations, particularly given that the output of financial
reporting is expected to be objective and unbiased? Explain your view.

(Minimum word count = 80 words for this question
Answered 1 days AfterMay 04, 20213101AFEGriffith University

Solution

Harshit Agarwal answered on May 05 2021
26 Votes

Solution to Question No. 1
In international studies, the impact of the environment is the key to understanding the country’s accounting system. "Accounting is largely a product of the environment,...

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