ACCT6007 Financial Accounting Theory and Practice
Task
Learning Outcomes
1. Explain the relationship between accounting theory, the accounting conceptual framework and accounting standards.
2. Work individually and in groups to identify and apply appropriate accounting standards to a range of authentic accounting scenarios.
Submission
Week 9 Sunday midnight (AEST)
Weighting 25%
Context:
This assignment develops research and critical thinking abilities. It is a critical analysis/review of an academic article.
Changes in technology are impacting accounting and how accountants perform their jobs.
This activity will provide students information on new trends in accounting field.
Instructions
You may use an essay format or any other acceptable academic format for critical review. Use APA 7 referencing style guide. Use minimum 10 academic references.
Answer the following questions during your analysis.
1. Discuss the three phases of blockchain technology? What is the potential use of blockchain technology in accounting?
2. The author discusses Triple Entry Accounting. What is your understanding of the concept?
3. Do you agree or disagree with any arguments made by the author? Explain your point of view and provide evidence in support of your point of views from other academic resources.
4. Critically review any potential issues or problems with blockchain technology being used in accounting.
To answer all the above questions: Review the article provided and search for related academic journal articles. Use minimum 10 academic references.
Academic skills resources: Analysing the Brief, Essay Writing, and Critical Thinking
