Critically discuss the role, objectives and limitations of published annual financial statements for companies, and discuss the reasons for, and sources of regulation of the content and format of those financial statements.

Paper details
You have a choice. You must attempt EITHER Question 1 OR Question 2.
Your answer must be 1,500 words in total EXCLUDING any abstract, bibliography, or appendices.
Submission Deadline as per Sussex Direct.

Question 1

Critically discuss the role, objectives and limitations of published annual financial statements for companies, and discuss the reasons for, and sources of regulation of the content and format of those financial statements.

Question 1 Guidance:

Your essay should focus on the challenges facing financial accountants when preparing financial statements. Accounting standards that refer to the measurement basis to be used should feature prominently in your work, as should academic and practical evidence to support or challenge the currently recommended approach.

Question 2

Critically discuss the effectiveness of management accountancy as a tool for decision making, planning and control.

Question 2 Guidance:

Your essay should focus on the challenges facing business when making and implementing decisions. The effectiveness of one or two key management accounting techniques and concepts should feature prominently in your work, as should academic and practical evidence to support or challenge how successfully the techniques achieve their aims.

Guidance on how you may approach this assessment will be provided in the lectures and workshops.

Word count 1,500, excluding abstract, bibliography and appendices.

You should use the Harvard referencing system.

Report submission deadline as per Sussex Direct.

The marking criteria will be the standard marking for Business and Management Post Graduate work a copy of which is provided below.

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