BUSN7005 Contemporary Issues in Accounting
Semester 2, 2014
THE AUSTRALIAN NATIONAL UNIVERSITY
Research School of Accounting & Business Information Systems BUSN7005 Contemporary Issues in Accounting
Semester 2, 2014
Due Time and Date: No later than 5.00 p.m. on 29 August 2014 NO EXTENSIONS WILL BE GRANTED ON THIS ASSIGNMENT
Submission: via the Turnitin system on Wattle, using a Word document. The document must commence with the ABIS Assessment Cover Sheet, with all details completed (including your signature).
Purpose of assignment
The purpose of this assignment is twofold. First, it is designed to promote your understanding of the following accounting issues: a sector-neutral approach by accounting regulators; the application of accounting concepts appropriate to private sector entities within the context of public sector entities (e.g., the use of accrual accounting in public sector entities); and whether these approaches will yield meaningful financial information to users for comparing or evaluating the performance of private sector and public sector entities. Second the assignment is designed to promote your writing skills, including the use of the Harvard author-date referencing system, and, at the same time, ensure that you are fully aware of the importance of referencing at university. Essay Topic
Write an essay of between 1,200 and 1,500 words in which you critically evaluate the following statement in Barton (1999, p. 22):
“The public and private sectors of the nation are not identical twins. The fundamental differences between the two must be acknowledged and accounting standards designed, where necessary, to suit the unique characteristics of the public sector.” Your essay should address and reflect current reporting regulations. Additional requirements
1. Your essay must contain at least one of each of the following types of in-text references: a. A direct quotation (their idea, their words).
b. A paraphrasing of a specific...
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