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Accounting Research Method

This document contains an assignment on introduction to accounting research methods. It lists the Philippine Accounting Standards that promulgate financial statement preparation and presentation. It also discusses three important factors to consider in accounting research: materiality, relevance, and cost-benefit constraints. Finally, it identifies limitations of accounting research due to estimation and judgment, and outlines the broad scope of topics that accounting research can cover, such as cost allocation, performance measurement, taxation, and financial reporting standards.

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Marie Garpia
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187 views3 pages

Accounting Research Method

This document contains an assignment on introduction to accounting research methods. It lists the Philippine Accounting Standards that promulgate financial statement preparation and presentation. It also discusses three important factors to consider in accounting research: materiality, relevance, and cost-benefit constraints. Finally, it identifies limitations of accounting research due to estimation and judgment, and outlines the broad scope of topics that accounting research can cover, such as cost allocation, performance measurement, taxation, and financial reporting standards.

Uploaded by

Marie Garpia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name : Garpia, Marienel C.

Course & Section : BSA - AT1

Subject : Accounting Research Method (ARM)

Topic : Introduction to ARM - Assignment # 1

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1. Enumerate all the PAS that promulgate the preparation and presentation of Financial and
Accounting.

PAS 1-Presentation of Financial Statements

PAS 2- Inventories

PAS 7- Statement of Cash Flows

PAS 8- Accounting Policies, Changes in Accounting Estimates and Errors

PAS 10- Events after the Reporting Period

PAS 12- Income Taxes

PAS 16- Property, Plant and Equipment

PAS 17- Leases

PAS 19 - Employee Benefits

PAS 20- Accounting for Government Grants and Disclosure of Government Assistance

PAS 21- The Effects of Changes in Foreign Exchange Rates

PAS 23 - Borrowing Costs

PAS 24 - Related Party Disclosures

PAS 26- Accounting and Reporting by Retirement Benefit Plans

PAS 27- Separate Financial Statements

PAS 28 -Investments in Associates and Joint Ventures

PAS 29-Financial Reporting in Hyperinflationary Economies


PAS 32-Financial Instruments: Presentation

PAS 33-Earnings per Share

PAS 34-Interim Financial Reporting

PAS 36-Impairment of Assets

PAS 37-Provisions, Contingent Liabilities and Contingent Assets

PAS 38-Intangible Assets

PAS 39-Financial Instruments: Recognition and Measurement

PAS 40-Investment Property

PAS 41-Agriculture

2. What are those factors to be considered in conducting accounting research?

A. Materiality - it is important to consider the materiality of an information, whether or not


affects/mislead the decision making.

B. Relevance - the information must be relevant so that it can useful in the decision making
process of an entity.

C. Cost-benefit constraints - the cost of providing information must be measured against the
benefit derived from the use of that same information.

3. Identify the limitations and determine the bound or scope of Accounting Research.

A. Limitations of Accounting Research

- Sometimes in accounting estimation may be required as it is not possible to establish exact


amounts. But these estimates will depend on the personal judgment of the accountant.

- For that reason, recorded accounting information and even the audited FS fails to exhibit the
exact financial position of a business concern.

-Exhibited accounting information cannot always exhibit a true and fair picture of a business
concern owing to limitations of the accounting principles used.

B. Bound or Scope of Accounting Research


− Cost allocation

− Capital investment decisions

− Performance measurement

− Transfer pricing

− Auditor changes

− Audit failures

− Auditor independence

− Internal control assessment

− Corporate tax planning

− Impact of changes in tax laws

− Differences across jurisdictions

− Tax vs. financial reporting

− Financial disclosure

− Financial reporting quality

− Impact of accounting standards

− International financial reporting

- Financial reporting of bankers

− Valuation use of accounting

− Contracting use of accounting

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