StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Accounting and society--litarature review - Essay Example

Cite this document
Summary
In this case, environmental legislation involves the regulation of the practices of accounting to ensure that there is standardization of accounting…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Accounting and society--litarature review
Read Text Preview

Extract of sample "Accounting and society--litarature review"

Download file to see previous pages

In this case, the two environmental approaches that accounting practices can be conducted include the free market and the pro-regulatory approaches. These approaches have been interchangeably used for the interests of the society (Buckley & Weston 2006, p.16). In the recent past, the adoption of the free market was considered ideal but until the world economic crisis experienced in 2008, several issues have been aroused which necessitate the adoption of regulation approaches. However, the consideration of the ideal environmental approach necessitates the analysis of their effects in the economy.

The free-market approach to accounting information entails the treatment of the information as normal goods and services, which are impacted by the forces of demand and supply. For this reason, the preparation and utilization of the accounting information would yield optimal output. For any business entity, they will offer financial information that would address the needs of the economic demand (Flegm 2004, p.56). In addition, business entities would be required to provide the expected financial information without the imposition of any regulation.

For instance, when companies would be required to offer the shares in order to be listed, they would be necessitated to offer the required financial information to attract investors. On the other hand, the implementation of the pro-regulatory approach involves the incorporation of regulation that would necessitate all business entities, especially companies so as to offer their accounting information freely to the public. In this regard, the accounting information is considered to be a public need, and for that reason, companies have to set some finances for the preparation and presentation of the accounting information.

After the accounting information have been produced, it is essential to realize that they become free and everyone can access them. Through this practice, there is a conception that

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Accounting and society--litarature review Essay - 2”, n.d.)
Accounting and society--litarature review Essay - 2. Retrieved from https://studentshare.org/miscellaneous/1610946-accounting-and-society-litarature-review
(Accounting and Society--Litarature Review Essay - 2)
Accounting and Society--Litarature Review Essay - 2. https://studentshare.org/miscellaneous/1610946-accounting-and-society-litarature-review.
“Accounting and Society--Litarature Review Essay - 2”, n.d. https://studentshare.org/miscellaneous/1610946-accounting-and-society-litarature-review.
  • Cited: 0 times

CHECK THESE SAMPLES OF Accounting and society--litarature review

A report to Technology as Systems: Knowledge or Power module

Managerial Decisions The roles and responsibilities are divided, among the employees working in various departments of an organization (Kline), for example, financial records should be managed by accounting and technical department should take care of technological issues.... The literature under review considers, organizational socio-technological aspects as means of simplifying, the practices conducting through various organizations in different industries....
4 Pages (1000 words) Book Report/Review

English Society and Literature - Amy Lowell's Patterns

One of the first things that strikes the reader on coming across Amy Lowell's poem, "Patterns" for the first time is the unusual application of imagery and free verse as well as its loosely repetitive, yet cleverly effective rhythmic pattern which fits the theme and the title to perfection. … This dramatic monologue begins on a soothing, fanciful note, with the lady narrator walking around amid flowers in a garden (I walk down the garden paths, /And all the daffodils/Are blowing, and the bright blue squills....
5 Pages (1250 words) Book Report/Review

The Issue of Business Risk

"The Issue of Business Risk" literature review indicates that there was a general need for a radical change in the auditing process as the conventional and more traditional methods failed to offer the desired results and insulate the companies from the effects of taking excessive risks.... hellip; The large scale corporate scandals such as Enron and WorldCom and the current economic crisis have resulted in the debate regarding the effectiveness of the audit as a valid tool to critically analyze and expose the illegal and imprudent management and accounting practices that have resulted into the losses for the shareholders....
6 Pages (1500 words) Literature review

Accounting for Corporate Accountability

 This literature review " Accounting for Corporate Accountability " focuses on the soundness of recording pollution allowances in the asset portion of the balance.... The review analyses the importance of including the allowances in the balance sheet.... Since accounting is an art, J.... Wambsganss and B Sanford discuss the diverse opinions on the accounting treatment of Pollution Allowances as assets in the balance sheet....
8 Pages (2000 words) Literature review

Determination of Multiple Sclerosis

This paper seeks to review the available evidence in form of literary sources, on exercise therapy or physical rehabilitation for MS patients, with the primary purpose of providing insight into how exercise can aid in the prevention of disease progression and improvement of patients' quality of life....
8 Pages (2000 words) Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us