FR A2_Report_Final

Submission Format The submission is in the form of an individual written report This should be written in a concise, formal business style using single spacing and font size of 12 You are required to[.]

Submission Format:

The submission is in the form of an individual written report This should be written in a concise, formal business style using single spacing and font size of 12 You are required to make use of headings, paragraphs and subsections as appropriate, and all work must be supported with research and referenced using the Harvard referencing system Please also provide a bibliography using the Harvard referencing system The recommended word limit is 3,500 – 4,000 words, although you will not be penalised for exceeding the total word limit

Unit Learning Outcomes:

LO1 Analyze the context and purpose of financial reporting.

LO3 Evaluate financial reporting standards and theoretical models and concepts.

LO4 Evaluate international differences in financial reporting.

Assignment Brief and Guidance:

You have recently joined PwC Vietnam as a Junior Auditor and your line manager has asked you to prepare a business report to a group of international business investors who are concerned about the proliferation of accounting scandals relating to international firms which have been in the news Members

of the group are anxious to understand the background and framework for international financial reporting, as well as the benefits and methods of ensuring compliance and accountability

In the report, you will:

1 Examine the context and purpose of financial reporting, including the regulatory frameworks and governance of financial reporting

2 Analyse the value of financial reporting for meeting organizational objectives and growth

3 Identify the main stakeholders of an organization and assess how the context and purpose of

Student Name /ID Number

Unit Number and Title Unit 13: Financial Reporting

Academic Year Semester 2, Academic year 2020 - 2021

Unit Assessor Ms Kim Oanh Vu and Ms Bich Ngan Nguyen

Assignment Number and Title FR2: International Financial Reporting (2 of 2)

Issue Date

Submission Date To be announced by office

IV Name Ms Bich Ngan Nguyen (IV) and Dr.Doti Chee (Lead IV)

financial reporting meets stakeholder needs and expectations.

4 Critically analyze the different regulatory frameworks and governance of financial reporting for specific stakeholders

5 Give an account of the benefits of international accounting standards (IAS) and international financial reporting standards (IFRS)

6 Evaluate the models of financial reporting and auditing

7 Critically evaluate financial reporting and auditing using coherent application of theories and models

to support judgments and conclusions with evidence

8 Evaluate the differences and importance of financial reporting across different countries

9 Critically evaluate the factors that influence the world wide differences in financial reporting

10 Critically evaluate the application of IFRS in application to specific countries and differences in financial reporting based on models and theories

Suggested list of reading: referring to the SoW

Learning Outcomes and Assessment Criteria

LO1 Analyze the

context and purpose

of financial reporting

P1 Analyze the context

of financial reporting including regulatory

governance of financial reporting

M1 Assess how the

context and purpose of financial reporting meets stakeholder needs and expectations

D1 Critically analyze

the different regulatory

governance of financial reporting for specific stakeholders

P2 Analyze the purpose

of financial reporting for meeting organizational objectives, development and growth

LO3 Evaluate financial

reporting standards

and theoretical models

and concepts

P5 Explain the benefits

of International Accounting Standards (IAS) and International Financial Reporting

Standards (IFRS)

M3 Critically evaluate

financial reporting and auditing through the coherent application of theories and models to support judgements and conclusions

D3 Critically evaluate

the application of IFRS

in application to specific

differences in financial reporting based on models and theories

P6 Evaluate the models

of financial reporting and auditing

international

differences in financial

reporting

P7 Evaluate the

importance of financial reporting across different countries

M4 Critically evaluate the

factors that influence international differences

in financial reporting