Accounting decision making
Paper , Order, or Assignment Requirements
Words Limit: 3000 words
You must attempt EITHER Question 1 OR Question 2. Your answer must be 3,000 words in total EXCLUDING any abstract, bibliography, or appendices.
The international convergence of accounting standards refers to the goal of establishing a single set of high- quality accounting standards to be used internationally, and the efforts of standard-setters towards achieving that goal. Critically discuss the following statement, indicating the benefits of a single global set of accounting standards to users of financial statements, and highlighting the problems any attempt to achieve this goal might face: “For users of published financial statements, the international convergence of national and international accounting standards into one set of internationally recognised and applied financial reporting standards, promised great benefits, but it was never going to be achieved on a global scale.”
Your answer should be illustrated with appropriate examples and extensive use should be made of relevant literature.
Question 2 Making appropriate reference to appropriate sources, select ONE of the following strategic management accounting techniques and critically discuss how it may be used to manage performance in an organisation: (c) The balanced scorecard OR (d) Budgeting Your answer should make extensive use of relevant literature.