Acct6007_Assignment 2 Brief Critical Analysis Page 1 of 5 ASSESSMENT BRIEF Subject Code and Title ACCT6007 Financial Accounting Theory and Practice Assessment Critical Analysis Individual/Group...

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Acct6007_Assignment 2 Brief Critical Analysis Page 1 of 5

ASSESSMENT BRIEF
Subject Code and Title ACCT6007 Financial Accounting Theory and Practice
Assessment Critical Analysis
Individual/Group Individual
Length 1500 words +/- 10%
Learning Outcomes c. Explain the relationship between accounting theory,
the accounting conceptual framework and accounting
standards.
d. Work individually and in groups to identify and apply
appropriate accounting standards to a range of authentic
accounting scenarios.
Submission Week 9 Sunday 11:55pm (AEST)
Weighting 25%
Total Marks 100 marks
Context:
This assignment develops research and critical thinking abilities. It is a critical
analysis
eview of an academic article.
Changes in technology are impacting accounting and how accountants perform their jobs.
This activity will provide students information on new trends in accounting field.
Instructions:
Download and critically analyse an academic article written by Afua A. B. Agyekum and
Robert P Singh. This article can be found in the To
ens University li
ary using the following
citation:
Agyekum, A. A. B., & Singh, R. P XXXXXXXXXXHow Technology is Changing Accounting Processes:
Institutional Theory and Legitimacy Theory Perspective. Journal of Accounting & Finance (2158-
3625), 18(7), 11–23. Retrieved from
http:
search.ebscohost.com.ezproxy.laureate.net.au/login.aspx?direct=true&db=bsu&AN=1324541
37&site=ehost-live
http:
search.ebscohost.com.ezproxy.laureate.net.au/login.aspx?direct=true&db=bsu&AN= XXXXXXXXXX&site=ehost-live
http:
search.ebscohost.com.ezproxy.laureate.net.au/login.aspx?direct=true&db=bsu&AN= XXXXXXXXXX&site=ehost-live

Acct6007_Assignment 2 Brief Critical Analysis Page 2 of 5
Format: Essay format or any other acceptable academic format for critical review.
Referencing style: APA referencing style guide.
Note: Use minimum 10 academic references.
Answer the following questions in your critical review:
1. Research and
iefly explain Institutional Theory and Legitimacy Theory of Accounting?
2. Evaluate and assess adoption of Information Technology in Accounting through Institutional
Theory and Legitimacy Theory perspective of Accounting. Use examples to illustrate how accounting
systems are institutionalised within organisations and provide external legitimacy.
3. Critically evaluate the propositions made by the authors. Do you agree or disagree with the 4
propositions in the article? Explain your point of view and provide evidence from other academic
esources.
4. Comment on any strengths and weaknesses of the article.
To answer all the above questions: Review the article provided and search for related academic
journal articles. Use minimum 10 academic references.
Academic skills resources: Analysing the Brief, Essay Writing, and Critical Thinking
These resources can be downloaded from LASU - Learning and Academic Skills Unit on Blackboard
following the link:
https:
laureate-
au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id
=_2498849_1
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498849_1
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498849_1
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498849_1

ACCT6007_Assignment 2 Brief Critical Analysis XXXXXXXXXXPage 3 of 5

Learning Ru
ics
Assessment
Attributes
Fail (Unacceptable)
0%-49%
Pass
(Functional)
50%- 64%
Credit
(Proficient)
65%-74%
Distinction
(Advanced)
75%-84%
High Distinction
(Exceptional)
85% - 100%
Grade Description
(Grading Scheme)
Evidence of unsatisfactory
achievement of one or more
of the learning objectives of
the course, insufficient
understanding of the course
content and/or unsatisfactory
level of skill development.
Evidence of satisfactory
achievement of course
learning objectives, the
development of relevant
skills to a competent
level, and adequate
interpretation and critical
analysis skills.
Evidence of a good level of
understanding, knowledge
and skill development in
elation to the content of
the course or work of a
superior quality on the
majority of the learning
objectives of the course.
Demonstration of a high
level of interpretation and
critical analysis skills.
Evidence of a high
level of achievement
of the learning
objectives of the
course demonstrated
in such areas as
interpretation and
critical analysis, logical
argument, use of
methodology and
communication skills.
Evidence of an
exceptional level of
achievement of learning
objectives across the
entire content of the
course demonstrated in
such areas as
interpretation and
critical analysis, logical
argument, creativity,
originality, use of
methodology and
communication skills.
Institutional Theory
and Legitimacy
Theory of Accounting
explained







20
Does not meet minimum
standard

Demonstrates no awareness
of content and/or purpose of
the assignment.


Meets minimum
standard

Demonstrates limited
awareness of content
and/or purpose of the
assignment

Moves beyond minimum
standard

Demonstrates consistent
awareness of content
and/or purpose of the
assignment.




Exceeds minimum
standard

Demonstrates an
advanced and
integrated
understanding of
content and/or
purpose of the
assignment.


Exceeds minimum
standard and exhibits
high levels of
independence

Consistently
demonstrates a
systematic and critical
understanding of
content and purpose of
the assignment.





http:
www.tua.edu.au/media/50742/a240_grading-scheme.pdf

ACCT6007_Assignment 2 Brief Critical Analysis XXXXXXXXXXPage 4 of 5

Theories applied to
explain IT adoption
















25
Limited understanding of
equired concepts and
knowledge

Key components of the
assignment are not
addressed.












Knowledge or
understanding of the
field or discipline.

Resembles a recall or
summary of key ideas.

Often conflates/confuses
assertion of personal
opinion with information
substantiated by
evidence from the
esearch/course
materials.



Thorough knowledge or
understanding of the field
or discipline/s. Supports
personal opinion and
information substantiated
y evidence from the
esearch/course materials.

Demonstrates a capacity
to explain and apply
elevant concepts.


Highly developed
understanding of the
field or discipline/s.

Discriminates
etween assertion of
personal opinion and
information
substantiated by
obust evidence from
the research/course
materials and
extended reading.

Well demonstrated
capacity to explain
and apply relevant
concepts.
A sophisticated
understanding of the
field or discipline/s.

Systematically and
critically discriminates
etween assertion of
personal opinion and
information
substantiated by robust
evidence from the
esearch/course
materials and extended
eading.

Mastery of concepts and
application to new
situations/further
learning.
Critical reasoning,
presentation and
defence of an
argument and/or
position






25
Specific position (perspective
or argument) fails to take into
account the complexities of
the issue(s) or scope of the
assignment.

Makes assertions that are not
justified.







Specific position
(perspective or
argument) begins to take
into account the issue(s)
or scope of the
assignment.

Justifies any conclusions
eached with arguments
not merely assertion.
Specific position
(perspective or argument)
takes into account the
complexities of the
issue(s) or scope of the
assignment. Others’
points of view are
acknowledged.

Justifies any conclusions
eached with well-formed
arguments not merely
assertion.
Specific position
(perspective or
argument) is expertly
presented and
accurately takes into
account the
complexities of the
issue(s) and scope of
the assignment.
Justifies any
conclusions reached
with well-developed
arguments.
Specific position
(perspective or
argument) is presented
expertly, authoritatively
and imaginatively,
accurately taking into
account the
complexities of the
issue(s) and scope of the
assignment. Limits of
position are
acknowledged.

Justifies any conclusions
ACCT6007_Assignment 2 Brief Critical Analysis XXXXXXXXXXPage 5 of 5



eached with
sophisticated
arguments.
Strengths and
weaknesses of the
article
10
Limited discussion Justifies any conclusions
eached with arguments
Justifies any conclusions
eached with arguments
not merely assertion.
Justifies any
conclusions reached
with very well
developed arguments
not merely assertion.
Justifies any conclusions
eached with
sophisticated
arguments.
Use of academic and
discipline conventions
and sources of
evidence.

Grammar, spelling
and referencing











20
Poorly written with e
ors in
spelling, grammar.

Demonstrates inconsistent
use of good quality, credible
and relevant research sources
to support and develop ideas.

There are mistakes in using
the APA style.


Is written according to
academic genre (e.g. with
introduction, conclusion
or summary) and has
accurate spelling,
grammar, sentence and
paragraph construction.

Demonstrates consistent
use of credible and
elevant research sources
to support and develop
ideas, but these are not
always explicit or well
developed.

There are no mistakes in
using the APA style.
Is well-written and
adheres to the academic
genre (e.g. with
introduction, conclusion
or summary).

Demonstrates consistent
use of high quality,
credible and relevant
esearch sources to
support and develop
ideas.

There are no mistakes in
using the APA style.




Is very well-written
and adheres to the
academic genre.

Consistently
demonstrates expert
use of good quality,
credible and relevant
esearch sources to
support and develop
Answered Same DayNov 10, 2021ACCT6007Torrens University Australia

Solution

Himanshu answered on Nov 15 2021
57 Votes
Abstract
The Purpose of the study is to Explain about the relationship between Accounting theory, the accounting conceptual framework and accounting. The definitions of the cu
ent institutionary accounting philosophy are elaborated. The need to turn accounting practices from a practical administration subsystem to a social organization in the economic field is justified. The paper illustrates how accounting theory, the accounting system, accounting and the implementation of information technology are interlinked. We have done extensive analysis on the number of publications already published between 1995 and 2015, and we have found that various accounting ideas and principles are related with accounting as a whole. The studies have shown that the new approach Structural Sociology dominated the study of innovations in management accounting.
Keywords: Accounting, Accounting theory, Accounting concepts, Accounting framework
Introduction
Institutional theory and Legitimacy theory of Accounting:
Legitimacy theory of Accounting: A theoretical stance that forecasts the actions of businesses towards handling and retaining the viewpoints of key stakeholders by business transparency. According to the legitimacy concept, businesses share details on social responsibilities in order to present a socially conscious picture such that they may justify their actions to their stakeholder groups. The philosophy of legitimacy is based on the premise that a social contract occurs between business and society. A philosophy that advocates that organizations seek to function beyond the boundaries and expectations agreed by the society. It illustrates the degree to which corporate social and environmental declarations are impacted by the limits defined by society in order to be respected and to prevent being penalized by the culture in which the organization resides (IGI, 2020)The legitimacy philosophy is a framework that allows companies to adopt and establish voluntary social and environmental disclosures in order to satisfy their social contract, allowing them to understand their goals and to thrive in a fast-paced and tumultuous climate. (Suchman, 1977) Perceives that 'Legitimacy is a generic interpretation or inference that an entity's behavior are desirable, reasonable or justified within a collectively established set of expectations, principles, views, and meanings. Legitimacy Theory claims that entities actively strive to ensure that they function within the bounds and norms of their respective cultures. In following a validity theory approach, a corporation would actively report on its operations if management perceived that such actions were supposed to be performed by the societies in which it works (DeeganCraig, 2002)
Institutional theory: According the scholar, one of the approaches to be used was the use of the Institutional Theory to describe the pattern of continuity and transition in management accounting systems. The core studies of the Institutional Philosophy are related to the Cu
ent Organizational Analysis. In sociology and organizational theory, institutional theory is a concept of the
oader and more resilient dimensions of the social system. It considers the mechanisms by which systems, including programmers, laws, norms and habits, are defined as definitive standards for social behavior. Institutional studies propose that the institutional climate may have a strong impact on the evolution of formal frameworks within an organisation, much more fundamental than market forces. Innovative mechanisms that enhance technological productivity of early-adopting organisations are being legitimised in the community. At the end of the day these inventions enter a degree of legitimization where refusal to implement them is perceived as "i
ational and negligent" (or they become legitimate mandates). At this point, new and cu
ent organisations will follow a structural model even though the form does not increase performance. DiMaggio and Powell assume that the overall result of structural constraint is to enhance the uniformity of hierarchical frameworks in the institutional setting. As a function of three types of stresses, companies will follow identical systems. Coercive influences derive from legislative provisions or the power of institutions on which they rely. Mimetic forces to copy successful forms emerge amid high uncertainty....
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