ACC5216 Accounting Theory Assignment
Read the articles on study desk - Dick Smith: Why the retailer collapsed, according to McGrathNicol
https://www.news.com.au/finance/business/retail/mcgrathnicol-releases-dick-smith-report/news-story/c2897a8cf8023b3f7490b7f16c2781c2
Instructions-
This assignment is a research based essay where you are required to relate a practical example to accounting theory. You have been given one newspaper report but there are many other sources you can use.
The essay should include an abstract, introduction, body, conclusion and bibliography. Maximum word count 1400 words not including the abstract or bibliography. You should incorporate at least 10 academic references. (Please make sure that you know what an academic reference is).
The relationship between accounting research and professional practice has been discussed in the literature (Parker, Guthrie & Linacre 2011).
Using the article provided discuss and critically evaluate the following:
- What are the accounting issues which led to the collapse of Dick Smith?
- Who are the stakeholders who have been effected by the collapse? Describe each stakeholder, their concerns and how they are likely to be effected.
- Detail what you believe motivated the management of Dick Smith to manage the company in the way they did. What accounting issues do you believe contributed to the collapse?
- What accounting theories might explain the actions of Dick Smiths management? Make sure you relate this to the company and its stakeholders.
- Compare and contrast the different theories and identify which of these theories is most important and explain reasons why you think your chosen theory is the most important.
- Relate your answers to the link between theory and practice.
You should consider all accounting theories that you believe are relevant.
References - Parker, L, Guthrie, J & Linacre, S 2011, 'The relationship between academic accounting research and professional practice', Accounting, Auditing & Accountability Journal, vol. 24, no. 1, pp. 5-14.
Words:- 1500
10 Harvard References,
Attachment:- Assignment.pdf