ACCM 4600 Accounting Theory and Contemporary Issues (COMPREHENSIVE)

Discuss the impact of the global financial crisis and recent corporate collapses on corporate governance practices. (LO6) Corporate governance has been highlighted as an important factor in alleviating the risk of corporate failure. Evaluate which aspects of corporate governance are likely to guard against corporate failure. (LO8) Outline and differentiate the various definitions of international accounting. (LO1) Explain the environmental factors that lead to national differences in accounting. (LO3) What are the two main legal systems operating worldwide? How might these affect accounting? (LO3) Countries that rely on capital markets for finance, as opposed to banks and governments, are likely to expect greater levels of public disclosure in their accounting systems. Evaluate this argument and provide examples. (LO3) Outline and discuss three cultural aspects that can differ across countries. How do these cultural differences relate to differences in accounting systems? (LO3)