University : Kaplan Business School UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ACCM4600
Country : Australia
Assignment Task:

Your Task 
1) Prepare to write a business report by following the instructions given below 
2) Write the final business report by following the instructions given below 

Assessment Description 

  • You work for a large accounting and consultancy firm. Part of the role of your department is to advise governments and regulators around the world on issues concerning the convergence and adoption of International Financial Reporting Standards (“IFRS”). 
  • Indonesia’s current policy is of the gradual convergence of Indonesian Financial Accounting Standards to IFRS. 
  • The Indonesian government, through the Ministry of Finance (“MoF”) has been lobbied by organisations both in support of and against the adoption of IFRS. Some of those against adoption have referenced the outcome of the recent US presidential election and the UK’s ‘Brexit’ as evidence of a ‘retreat from globalisation’ which undermines arguments in favour of IFRS. 

The MoF is considering several options put to them by the different lobby groups including: 
- suspending the convergence program and retaining their own separate standards 
- continuing the same current approach of ‘gradual convergence’ 
- adopting IFRS fully as soon as possible 


The Indonesian MoF have contacted your firm and requested help with their deliberations over this important matter, which is proving problematic as different individuals within the ministry have different opinions. To help them make a decision the MoF would now like an impartial report, including recommendations. 
Two of the partners of your firm, Mrs A.D. Option and Mr Con Vergence, have identified you as ideal to lead a team writing the report. The team you lead will include non-accounting graduates from the consulting arm of your business. The partners request that you first provide a report plan (Part 1) before completing the report (Part 2). They inform you that not all relevant staff at the MoF are accountants and as such your report should be understandable to both accountants and non- accountants. 
The MoF have requested that the report contains (but is not necessarily restricted to) responses to the following aspects: 
1. Briefly outline the origins, history and expansion of IFRS. 
2. Briefly provide the current and likely future position of IFRS globally in terms of coverage and any major alternative accounting rules in use. 
3. Arguments for and against fully adopting IFRS; what are the costs and benefits to the Indonesian economy, the Indonesian government and other parties? A recommendation is required. 
4. If Indonesia did decide to fully adopt IFRS, provide arguments for and against a one-off adoption (as opposed to a more gradual convergence). A recommendation is required. 
You are aware of some excellent literature on the expansion of IFRS in developing and other countries that you will also incorporate in this report. You can include any information in the report which you think will assist the MoF to make these important decisions. You must support your arguments and hence use at least ten resources to inform your discussion.
 

This ACCM4600: Accounting Assignment has been solved by our Accounting Experts at UniLearnO. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

  • Uploaded By : Mia
  • Posted on : April 25th, 2019
  • Downloads : 277

Whatsapp Tap to ChatGet instant assistance