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QUESTION 3 Course Learning Outcome (CLO) 3: Critically evaluate some alternative technical approaches and extensions to accounting theory and practice. Relevance and reliability are two
QUESTION 3 Course Learning Outcome (CLO) 3: Critically evaluate some alternative technical approaches and extensions to accounting theory and practice. Relevance and reliability are two cores principles that have to be met by accountants in order to assist and guide users to make decisions. However, some regards these two principles as two competing attributes in a piece of information, and others said these two are complementary. Based on the statement above, justify your understanding regarding this accounting matter by referring to relevant scholars' reasoning, sources or examples. [Total: 25 marks] QUESTION 4 Course Learning Outcome (CLO) 4: Recognize some of the implications of alternative national and cultural contexts in which accounting can be seen as operating and how accounting theory may be applied to complex multinational businesses. Social accounting involves the identifications and recording of the social responsibility activities conducted by an entity. This aspect is shown in the company's annual report. The following are a few of large companies that prepare the non-financial report. i. Adidas ii. Microsoft iii. Dutch Lady Based on the above information, choose ONE (1) of the companies listed, discuss on how the social accounting information is delivered and to what extent the social accounting beneficial to the users. [Total: 25 marks] QUESTION 3 Course Learning Outcome (CLO) 3: Critically evaluate some alternative technical approaches and extensions to accounting theory and practice. Relevance and reliability are two cores principles that have to be met by accountants in order to assist and guide users to make decisions. However, some regards these two principles as two competing attributes in a piece of information, and others said these two are complementary. Based on the statement above, justify your understanding regarding this accounting matter by referring to relevant scholars' reasoning, sources or examples. [Total: 25 marks] QUESTION 4 Course Learning Outcome (CLO) 4: Recognize some of the implications of alternative national and cultural contexts in which accounting can be seen as operating and how accounting theory may be applied to complex multinational businesses. Social accounting involves the identifications and recording of the social responsibility activities conducted by an entity. This aspect is shown in the company's annual report. The following are a few of large companies that prepare the non-financial report. i. Adidas ii. Microsoft iii. Dutch Lady Based on the above information, choose ONE (1) of the companies listed, discuss on how the social accounting information is delivered and to what extent the social accounting beneficial to the users. [Total: 25 marks]
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