Accounting Theory and Current Issues Fundamental Issues

Question: Discuss about theAccounting Theory and Current Issues for Fundamental Issues. Answer: Introduction In the current report, the author of the report found that the discussion about the theory of accounting would be carried out. In addition to this, the issues or the challenges that has been faced by the standards of accounting would become the part of the report. Moreover, the researcher will also elaborate about the standards of accounting in order to clear the concepts of the readers in the more effective and efficient manner. The main objective to conduct this research is that most of the times the management of the organizations does not focus on the significance of the accounting standards and the principles that are related with it. Furthermore, the author of the report tends to critique the topic with the help of the past studies and with the personal observation in to it. Additionally, the author of the report found that when the individual can be able to understand the entire concept of accounting along with its theory that particular individual become the source of earning a huge amount of profits from the company in the more effective and efficient manner. According to the study of (Deegan, 2013), it has been observed that theory of accounting is mainly considered as the set of assumptions and methodologies that are being used in the study along with the international financial reporting standards. In addition to this, it can be stated that accounting theory is mainly revolves with the precise review of the historical along with the foundations of the practices along with this, it is found that many of the accounting practices are changed and mainly added with the regulatory frame of work that mainly governs by the financial statements or financial reporting. In contrast, the studies from the past stated that all of the theories that are related with the accounting standards with the financial accounting standards of boards. Along with this, there is a lot from the financial accounting standards some of the financial standards help the individual to achieve the objectives in the more specified manner. In addition to this, the author of the report found that accounting theory is mainly linked with the logical reasoning that can help the individual to evaluate and guide the accounting practices (Lim et ol, 2014). Moreover, it has been found that the accounting theory is considered as the regulatory standards that evolve in order to help the management to formulate new accounting practices for the organization. There are many benefits that can be given with the help of the implementation of the accounting methods (Donelson et ol, 2016). Along with this, there are many aspects that need to be considered while implementing the application of accounting standards in to the organization. In addition to this, it can be stated that with the help of the accounting methods the management of the company can be able to run the company in the most effective and efficient manner (Bertomeu et ol, 2016). Moreover, it has been found that there are many issues or challenges that need to be faced by the accounting. In addition to th is it can be depicted that there are numerous challenges that need to be cope by the management of the organization. Summary It has been observed by the author of report that it is significant to analyze the different aspects that need to be implemented in the organizations with the application of the accounting standards (Ball, 2013). In the current article the researcher has discussed about the positive accounting research. In order to enhance the understanding of the readers the author has mentioned the core concepts regarding the positive accounting. In addition to this, it can be stated that when the employees at the organization are able to understand the application of the accounting according to their behavior and ideas. According to the study of (Freeman et ol, 2014), it is found that when the person at the work place is able to enhance the understanding regarding the various topics of accounting only then that particular organization is able to perform effectively in the competitive environment. In this era, where it is very difficult to maintain the credibility of the firm only one element can h elp in this regard. Considering this in mind, it has been observed that most of the organizations are providing the training to their human capital in order to enhance the performance in the most effective manner. There are many aspects that are related with the understanding of the employees about the accounting method application. One of the significant elements that can help the workers while trainings is that it can enhance the entire performance or the level of understanding regarding the application of the accounting program along with its practical implementation. In addition to this, it is depicted in the study of (Gaffiki et ol, 2014), it is very mandatory for the workers at the work place to work according to their behavior. Additionally, it has been observed that one of the common problems that can be caused with the casual construction of the models that are theoretical in nature (Lukka et ol, 2014). There are many aspects that need to be incorporated with the undue reli ance along with the numerical parameters of the values; however, it is found that with the replication of the warrant confidence in the findings the individuals in the organizations in order to run the system with the methods of accounting in the more specified manner. Research Question It has been observed that it is significant to understand the research questions in the current report, in addition to this, it can be stated that in order to gain the profound knowledge about the research one must need to understand the overall research questions in the more effective manner. In addition to this, it can be stated that when the individual is able to understand the research questions the more effective information can be gained with it. In addition to this, it can be stated that in the current study the author of that particular research can be able to determine the objectives of the accounting methods along with its applications (Mourik, 2014). Moreover, when the researcher is able to understand the overall strategies of the firm regarding the concept of positive accounting research with the concerning challenges that are related with the application of the techniques. In the current report, the research questions are; What is the concept behind the positive accounting? What is the significance of positive accounting research? How the management of the organizations is dealing with the challenges of the positive accounting? These research questions are found from the given article and the information regarding these questions can be gained with the help of the literature (Beattie, 2014). In addition to this, it has been observed that these all queries that has been discussed in the accounting article are far more important in order to run the organization in the more effective and efficient manner (Watts et ol, 2016). Theoretical Framework: According to the study of **, it is found that one of the main elements that need to be considered by the individual who is conducting the entire report is that whether the report is providing the significant and effective theoretical framework. It is due to the reason that when the researcher is able to put the right framework over the research paper only then the readers of the study can be able to understand the report in the more effective manner. More specifically, it can be denoted that theoretical framework builds the foundation of the research in the most significant manner. Therefore, most of the researcher put their extra attention over the aspects of the theoretical framework (Penman, 2015). In addition to this, it can be stated that if the theoretical framework of the research is found to be strong only then the readers found that research credible. Considering this in mind in the article, it has been stated that theoretical frameworks are mainly related with the assertio ns that can be operated by the world in order to operate it in the more particular manner. In addition to this, it has been observed that there are many claims that lead the foundation of the argument that research has its own scope on the scientific basis of the research project. Additionally, it has been observed that theoretical frameworks can be mainly treated as the claims about the universe that are required to be rested in order to limit the applicability of the research. Moreover, theoretical framework also provides the primary objective about the description of the upcoming results. The Significance and Limitations of the Article It is found that one of the significant element that needs to be considered while formulating the entire report. In addition to this, it can be stated that it is significant to analyze the limitations of the research in order to restrict the audience of the research paper (Penman, 2015). One of the fundamental reasons that are required to limit is that when the research paper have restricted the source in order to make the study more authentic and credible for the academic and for the other purposes as well. The author of the report has restricted the audience of the research by mentioning that the audience that can gain the advantage from the particular report must have to be related with the field of accounting and those individuals who shares a significant relationship with the other aspects of application about the theories of accounting. In addition to this, it can be stated that in the article the author has matched the expectations of the reader along with this it has been obs erved that the researcher provided the very authentic data about the report in the more effective and efficient manner. Conclusions In a nutshell, it can be stated that with the help of the positive accounting research the management of the organization can able to establish an effective social system along with the design for the contribution to the scientific research project. In addition to this, it has been observed that the concept of disciplinary matrix has also been discussed in the article paper. Moreover, it is found that with the help of the social matrix the individuals are able to solve the puzzle with the help of the social and intellectual contribution in the more effective and efficient manner (Raj et ol, 2016). In addition to this, the author of the study found that there is a very significant weight that can be put with the adoption of the effective paradigm. Moreover, in the current research the author has discussed about the significance of using the accounting methods in the organizations. Along with this, it is found that the researcher has put a lot of emphasis on the development of the othe r aspects that need to be considered by the higher authorities of the (Bonin, 2013). In addition to this, it has been observed that when the employees at the organization are able to understand the concept of positive accounting research. Moreover, there are many other elements that need to be considered by the management of the organization and they also need to provide the training to their employees in order to make the entire performance of the organization more effective and efficient. This can only be possible when the workers in the organization are able to understand the significance of the positive accounting research along with the issues that need to be tackled on the first basis. Hence, it has been found that this article is very credible as it is providing the very significant amount of References Deegan, C., 2013.Financial accounting theory. McGraw-Hill Education Australia. Freeman, R.J., Shoulders, C.D., Allison, G.S., Smith Jr, G.R. and Becker, C.J., 2014. Governmental and nonprofit accounting: Theory and practice. Jpaejournal Of Public Affairs Education Volume 20 Number 3, p.441. Gaffikin, M. and Aitken, M., 2014.The Development of Accounting Theory (RLE Accounting): Significant Contributors to Accounting Thought in the 20th Century. Routledge. Lukka, K. and Pihlanto, P., 2014. The developer of Finnish accounting theory.Twentieth Century Accounting Thinkers (RLE Accounting), p.60. Van Mourik, C. 2014. 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