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[.]
Student Name /ID Number Submission Format: Unit Number and Title Unit 13: Financial Reporting Academic Year Semester 2, Academic year 2020 - 2021 TheAssessor submission is in the form ofMs an Kim individual written This should be written in a concise, formal Oanh Vu andreport Ms Bich Ngan Nguyen Unit business style using single spacing and font size of 12 You are required to make use of headings, FR2: International Financial Reporting (2 of 2) Assignment and Title as paragraphs Number and subsections appropriate, and all work must be supported with research and referenced using the Harvard referencing system Please also provide a bibliography using the Harvard Issue Date referencing system The recommended word limit is 3,500 – 4,000 words, although you will not be be announced by office penalised for exceeding the totalToword limit Submission Date IV Name Ms Bich Ngan Nguyen (IV) and Dr.Doti Chee (Lead IV) IV Date 11th January 2021 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: Examine the context and purpose of financial reporting, including the regulatory frameworks and governance of financial reporting Analyse the value of financial reporting for meeting organizational objectives and growth Identify the main stakeholders of an organization and assess how the context and purpose of financial reporting meets stakeholder needs and expectations Critically analyze the different regulatory frameworks and governance of financial reporting for specific stakeholders Give an account of the benefits of international accounting standards (IAS) and international financial reporting standards (IFRS) Evaluate the models of financial reporting and auditing Critically evaluate financial reporting and auditing using coherent application of theories and models to support judgments and conclusions with evidence Evaluate the differences and importance of financial reporting across different countries 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 Learning Outcome Pass Merit Distinction LO1 Analyze the context and purpose of financial reporting P1 Analyze the context of financial reporting including regulatory frameworks and 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 frameworks and 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) P6 Evaluate the models of financial reporting and auditing LO4 Evaluate international differences in financial reporting P7 Evaluate the differences and importance of financial reporting across different countries M3 Critically evaluate financial reporting and auditing through the coherent application of theories and models to support judgements and conclusions M4 Critically evaluate the factors that influence international differences in financial reporting D3 Critically evaluate the application of IFRS in application to specific countries and differences in financial reporting based on models and theories ... reporting meets stakeholder needs and expectations Critically analyze the different regulatory frameworks and governance of financial reporting for specific stakeholders Give an account of the... benefits of international accounting standards (IAS) and international financial reporting standards (IFRS) Evaluate the models of financial reporting and auditing Critically evaluate financial reporting... 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