BUSM054 2022-23 Sem A Assignment
\nSCHOOL OF BUSINESS AND MANAGEMENT
\nQUEEN MARY, UNIVERSITY OF LONDON
\nBUSM054 FINANCIAL REPORTING
\n2022\/23 SEMESTER A
\nCOURSEWORK ASSIGNMENT
\nThe conceptual framework stated that accounting information should be
\nunderstandable, verifiable, comparable, relevant and faithfully represent
\ncompanies\u2019 financial performance and position so that the users of the
\naccounting information can make judgemental decisions. Further, in recent
\nyears the IASB has increasingly favoured the use of \u2018Fair Value\u2019 in its
\nstandards.
\nRequired:
\nIn the light of the previous statement:
\n– Write an academic report to critically discuss the use of Fair Value
\nAccounting \u2018FVA\u2019 for valuing assets and liabilities in financial statements.
\n– Collect and visualise data from companies\u2019 financial statements to
\nsupport your arguments. You also can download the data from datasets.
\n– Use relevant theory (theories) to analyse the motivation of companies to
\nadopt (or not to adopt) FVA.
\nThe assignment should consist of no more than 2,500 words (excluding the
\nappendices\/bibliography\/references).
\nSubmission
\nThe assignment must be uploaded via QMplus, as a Word or pdf file. Please
\nensure your ID number (but not your name) is clearly noted.
\nAll assignments must be word processed and marks will be given for good
\npresentation. Poor presentation and poor use of the English language are not
\nmarker-friendly and you will lose marks. The length of this piece of work should
\nbe no more than 2,500 words (excluding the references), but it is quality and
\nnot quantity that counts.
\nSubmission Due date:
\nWeek 7, by the end of November 11th at 15:00
\nPlagiarism
\nPlagiarism is \u201cto steal from the writings or ideas of another\u201d, it is copying or
\npresenting material from someone else\u2019s work in your own written coursework
\nwithout citation or any indication that the material is a quotation (that is,
\nsomeone else\u2019s words from books, newspapers, journals and other printed
\nsources).
\nBUSM054 2022-23 Sem A Assignment 2
\nYou may well be using the Internet as a resource for your work, but you must
\nalways reference the sites you use. Be very careful when you download
\nmaterials from the Internet: you must either quote material if you use it directly,
\nor put the substance in your own words. Copying from the work of another
\nstudent, or getting another student to write something which you hand in as
\nyour own work, is also plagiarism and is subject to the same penalties as the
\nunacknowledged use of printed sources. Remember this is an individual piece
\nof work and plagiarism will be dealt with severely. You can find details of
\nQueen Mary\u2019s assessment offences regulations online:
\nhttp:\/\/www.arcs.qmul.ac.uk\/policy_zone\/assessment_offencesregulations.pdf
\nPlease also note that the university reserves the right to put submitted work
\nthrough anti-plagiarism software (the \u2018Turnitin\u2019 programme) to Help in finding
\nplagiarised text therein.
\nBUSM054 2022-23 Sem A Assignment 3
\nReferences
\nThis is a research-based assignment and as far as possible you should refer to
\nappropriate books, professional journals and academic journals. All sources of
\ninformation should be fully cited in a list of references. Some possible sources
\nare listed in the appendix: most have been uploaded onto QMplus. These are
\nsuggestions only, there is no requirement to read all (or any) of these sources.
\nFind (and use) others instead of (or as well as) these.
\nAcademic accounting journals that you might find useful:
\n\u2022 AOS – Accounting, Organizations and Society
\n\u2022 AAAJ – Accounting, Auditing and Accountability Journal
\n\u2022 Abacus
\n\u2022 ABR – Accounting and Business Research
\n\u2022 CPA \u2013 Critical Perspectives on Accounting
\n\u2022 EAR – European Accounting Review
\n\u2022 AF \u2013 Accounting Forum
\nProfessional Journals:
\n\u2022 Economia
\n\u2022 Accounting and Business
\n\u2022 Financial Management
\nA list of all the references used should be included at the end of your work in
\nlist in alphabetical order of author surname.
\nReferences should follow the Harvard system. Guidance on the is available
\non QMPlus at
\nhttps:\/\/qmplus.qmul.ac.uk\/mod\/book\/view.php?id=653429&chapterid=66164
\nAll references MUST be fully cited, even journal articles accessed online.
\nBUSM054 2022-23 Sem A Assignment 4
\nOther notes
\n\u2022 Your answer must be in report form, making suitable use of sub headings
\n\u2022 You must include a word count at the end
\n\u2022 Font size 12 (either Times Roman or Arial)
\n\u2022 Use paragraphs appropriately
\n\u2022 The coursework must be typed and double-spaced
\n\u2022 Do not rely solely on the internet for research
\n\u2022 Ensure that you answer the question
\n\u2022 Take care with presentation
\n\u2022 Insert page numbers
\n\u2022 You should not put your name on the coursework, or on the front sheet,
\njust student ID etc. as directed.
\n\u2022 Pay attention to spelling and grammar
\nBUSM054 2022-23 Sem A Assignment 5
\nAppendix \u2013suggested (selected) readings (all available on QMPlus, apart
\nfrom Maynard chapter)
\nPlease note these are merely suggestions, not required readings.
\nIntroductory
\nMaynard textbook, Chapter 10.
\nBromwich, M. (2007), \u2018Fair values: imaginary prices and mystical markets \u2013 a
\nclarificatory review\u2019 in P. Walton (ed) The Routledge Companion to Fair Value
\nand Financial Reporting, London: Routledge, pp. 46-67.
\nHague, I.P.N. (2007), \u2018The case for fair value\u2019 in P. Walton (ed) The
\nRoutledge Companion to Fair Value and Financial Reporting, London:
\nRoutledge, pp. 32-45.
\nMora, A., McGeachin, A., Barth, M., Barker, R., Wagenhofer, A., & Joos, P.
\n(2018). Fair Value Accounting: The Eternal Debate. Accounting in Europe,
\n16(3): 237-55.
\n\u0160koda, M., and Bilka, P. (2012). Fair Value in Financial Statements:
\nAdvantages and Disadvantages, Studia Universitatis “Vasile Goldi” Arad
\nEconomics Series, 22(2): 1-8.
\nVeron, N. (2008). Fair value accounting is the wrong scapegoat for this crisis.
\nAccounting in Europe, 5(2): 63\u20139.
\nWoods, M. (2004), \u2018Fair value accounting\u2019, ACCA.
\nMore advanced
\nBenston, G.J. (2007), \u2018Fair Value Accounting: A cautionary tale from Enron\u2019, in
\nP. Walton (ed) The Routledge Companion to Fair Value and Financial
\nReporting, London: Routledge, pp. 233-46.
\nBenston, G.J. (2008). \u2018The shortcomings of fair-value accounting described in
\nSFAS 157\u2019, Journal of Accounting and Public Policy, 27(2): 101\u201314.
\nBiondi, Y. (2011). The Pure Logic of Accounting: A Critique of
\nthe Fair Value Revolution, Accounting, Economics, and Law, 1(1): Art. 7.
\nBradbury, M (2008), \u2018Discussion of Whittington\u2019, Abacus, 44(2): 169-80.
\n(Note: this is a discussion of the Whittington paper listed below).
\nGeorgiou, O. and Jack, L. (2011). In pursuit of legitimacy: A history behind fair
\nvalue accounting, British Accounting Review, 43(4): 311\u2013323.
\nGwilliam, D. and Jackson, R. (2008), \u2018Fair value in financial reporting:
\nProblems and pitfalls in practice: A case study analysis of the use of fair
\nvaluation at Enron\u2019, Accounting Forum, 32(3): 240-59.
\nBUSM054 2022-23 Sem A Assignment 6
\nHaldane, A. (2012). Discussion of \u2018Financial instruments, financial reporting,
\nand financial stability\u2019 by Christian Laux (2012), Accounting and Business
\nResearch, 42(3): 261-6.
\nLaux, C. (2012). Financial instruments, financial reporting, and financial
\nstability, Accounting and Business Research, 42(3): 239-260.
\nLaux, C. and Leuz, C. (2009), \u2018The crisis of fair-value accounting: Making
\nsense of the recent debate\u2019, Accounting, Organizations and Society, 34(6-7):
\n826-34.
\nLee, TA (2008), \u2018Review of \u2018The Routledge Companion to Fair Value and
\nFinancial Reporting\u2019, Accounting and Business Research, 38(1): 93-6.
\nPenman, SH (2007), \u2018Financial reporting quality: Is fair value a plus or a
\nminus?\u2019, Accounting and Business Research, Special Issue: International
\nAccounting Policy Forum, pp. 33-44.
\nPower, M. (2010). Fair value accounting, financial economics and the
\ntransformation of reliability, Accounting and Business Research, 40(3), 197-
\n210.
\nRonen, J (2008), \u2018To Fair Value or not to Fair Value: A broader perspective\u2019,
\nAbacus, 44(2) 181-208.
\nWhittington, G (2008), \u2018Fair Value and the IASB\/FASB Conceptual
\nFramework: An alternative view\u2019, Abacus, 44(2) 139-68.
\nZamora-Ram\u00edrez, C. & Morales-D\u00edaz, J. (2018). The Use of Fair Value
\nMeasurement in Financial Reporting: A Literature Review, Estudios de
\nEconomia Aplicada\/Journal of Applied Economics, 36(2):489-514.<\/p>\n","protected":false},"excerpt":{"rendered":"
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