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Part A (1000 words) (50 marks)

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Question;Part A(1000 words)Watts and Zimmerman?s ?The Demand and Supply of Accounting Theories: The Market for Excuses? suggested the ?normative? project of accounting academics and other social critics of corporate accounting practice to be invalid, that there are no objective grounds in accounting theory for judging accounting practice as ?good? or ?bad?, all such judgements are mere excuses or apologies for advancing the interests of particular social constituencies, couched in a language of academic impartiality and objectivity.Tony Tinker [Policing Accounting Knowledge: the market for excuses affair] has suggested that the positive accounting theory proposed by Watts and Zimmerman is being replaced by a new paradigm: one that emphasises usefulness, vocational training and practical application.Contrast ?normative? theories with ?positive accounting? theory. Have we moved to a new paradigm and if so what is it.Part B(1000)Consider the concept of historic cost and discuss the following questionsq The historical cost model and its applicationq The reasons for the dominance of the historical cost model, and the arguments against the modelq Historical cost valuation issues, and the equity perspective adoptedq Criticisms of historical cost accounting.Mind MapPart A (50marks)Assessment criteria1000 words max.Excellent(HD)Very Good(D)Good(C)Satisfactory(P)Unsatisfactory(F)1. Introduction (5)2. Body/Discussion (15)Criticalevaluation of topic3. Conclusion (5)4. Examples (5)6. Referencing, citations (5)7. Evidence of reading, quality and quantity (10)8. English expression, coherence, grammar and spelling. Logical flow of ideas (5)Part B (50marks)Assessment criteria1000 words max.Excellent(HD)Very Good(D)Good(C)Satisfactory(P)Unsatisfactory(F)1. Introduction (5)2. Body/Discussion (15)Criticalevaluation of topic3. Conclusion (5)4. Examples (5)6. Referencing, citations (5)7. Evidence of reading, quality and quantity (10)8. English expression, coherence, grammar and spelling. Logical flow of ideas (5)

 

Paper#44791 | Written in 18-Jul-2015

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