Accounting and Society Essay Example | Topics and Well Written Essays - 4500 words

Accounting and Society - try ExampleHowever, no such conclusion was provided deep down the video as to which purview is better of the two. This creates a knowledge gap and thus provides the lookers with the opportunity to bridge the gap by setting forth an in depth research regarding the best perspective that should be implemented in history practices. Previous publicationss bemuse suggested that the arguments in favour of implementing the pro normal perspective of accounting and arguments against the utilization of free market perspective rush been influenced by political, social, economical and research consequences. Thus the primary objective of this research is to do a critical evaluation providing evidence regarding the implementation of the above mentioned approaches. The paper will also highlight the political, social, economic and research influences that have historically impacted on the level of accounting regulation in a developed economy with established securit y markets. Following the in-depth analysis of the factors, remarks will be put anterior as to which accounting standard should be implemented. In order to carry on the research expeditiously and effectively specific set of tasks will be divided between the two components. One member of the group will be primarily responsible for doing a critical evaluation of the pro-regulation perspective whereas the otherwise member will be assigned with the responsibility of analyzing the free market perspective.... Extensive literature canvas will be done in order to justify every comment that will be made. The literatures that will form the groundwork of this research are peer reviewed journals that cover assorted aspects of these accounting regulation perspectives. Three peer reviewed articles will be used in order to explain the implementation of the literature in order to explain the topic of issue. In addition to that, the video that has been used as the background for initiating the research process will also serve as a useful resource. The overall period frame required for this research is 2 months. The tasks that will be performed over the course of these 2 months have been explained in the following table. Timeline (Source Authors creation) PART B Previous literatures in the field of accounting regulation acknowledged the social, economic, and political factors that are associated with the advancements made in the accounting rules and explained the events that led to the formulation of different regulatory frameworks that are internationally accepted. Those literatures have also highlighted the aims and purposes of accounting regulation and also identified the fate for imposing these rules from many different perspectives, particularly, the social, economic and professional perspectives.The present study endeavours to gather and to contrast in one place the different perspectives regarding the pro-regulations and free market approach to accounting practice s. This study will tho include reference papers and articles which have explained and established the theory of accounting regulation. Thus issues that have been discussed within this essay are not exhaustive they do not necessarily represent the last research dealing with these issues. The relevance of