Accounting

Just need them to be answered in a way i can use the answers in exam.Each answer must have 200-250 words.Question 1- Economic and Social Implications of Accounting Standards? Assume you have been contracted as an expert accountant to the International Accounting Standards Board (IASB).  Your assignment is to prepare a report that provides guidance and recommendations to the IASB on how to effectively evaluate the economic and social implications of the introduction of a new accounting standard.Question 2 – Application of institutional, stakeholder and legitimacy theory? Assume you are a partner in an international accounting firm responsible for client relationship management.  One of your clients is a large international public company that is proposing to close its operations in Australia and therefore 8,000 employees will be made redundant.  Your assignment is to prepare a report for your client making recommendations and providing general advice on the ‘best’ strategy for financial reporting and disclosure of this business event using institutional theory, stakeholder theory and legitimacy theory in your analytical framework.Question 3 – Corporate Governance Practices? Assume you have been appointed as an independent financial consultant to a public company board of directors.  The Chairman has requested that you provide a report to the board making specific recommendations on how the company can conduct its corporate governance practices so that there is an effective balance between the shareholders’ expectation that the board will set strategies to maximise increases in shareholder value and need to ensure regulatory compliance.  Question 4 – Accounting Theory and Off-Balance Sheet Transactions? Assume the Australian Prudential Regulatory Authority (APRA) has announced an inquiry to investigate off-balance sheet transactions in both financial and non-financial institutions.  The APRA inquiry seeks to understand the justification for off-balance sheet transactions when the statutory responsibility of a company is to prepare ‘true and fair’ financial reports.  APRA has hired you as an expert financial analyst and requested you to prepare a report explaining how accounting theory has been used to justify off-balance sheet transactions and the creation of ‘Special Investment Vehicles and Securitisation Vehicles’. Question 5 – Analysis of Current Cost, Market Price and Historical Cost Adjusted Accounting Methods? Assume you are the Chief Financial Officer (CFO) of a public company listed on the Australian Stock Exchange.  The Chairman of the board has requested that you prepare a report to be submitted the next meeting of the board of directors comparing current cost accounting, market price accounting and historical cost adjusted accounting and to make a specific recommendation on which method should be adopted by your company.  Your recommendation should be supported by reference to evidence based research.Question 6 – Social, Environmental and Sustainability Reporting? Assume you are an independent financial consultant.  The Chairman of a large Australian public listed company has set an objective for her company to become a leader in social, environmental and sustainability reporting.  Your assignment is to prepare a report providing advice and recommendations to the Chairman on how to develop best practice by integrating social, environmental and economic impacts in the company’s sustainability reporting practices.