Problem: Accounting Theory
1. Provide a brief critical analysis of the reasons why we had to have a Royal Commission into the Australian Banking & Finance sector. In your answer, outline why you agree or don't agree with the views of Critical Perspective theorists.
2. Discuss your views on the statement 'sound social and environmental performance (e.g., the perception of being a 'good corporate citizen') eventually improves financial performance'.
3. Explain why the internationalisation of accounting standards may not necessarily be a good thing for the majority of accountants.
4. Explain three criticisms of Positive Accounting Theory (PAT).