You have to read the report, understanding its purpose and then discuss why individual has different way of choosing different method of accounting. Do you think particular Accounting Standard, Corporation Law or Conceptual Frameworks reducing different choice of Accounting Method? Or Standardization will resolve this issue.
This will require further research to understand the background, a clear understanding of the relevance of each phase and a discussion as to where this will lead, what the likely outcomes are and why. You should consider and include the history and practices in Australia in your report, e.g. AASB and the structure that existed pre-IASB. As a conclusion, you are to include what you have learned/understood from the paper and from your findings.
Attachment:- Assignment.pdf