This Week's Assignment: Complete An APA F

For This Weeks Assignment You Will Need To Complete An APA Formatted

For this week's assignment, you will need to complete an APA formatted annotated bibliography and an outline for your Accounting Standard Information paper. (You don't turn in the actual paper until Week 06.) As background for your bibliography and outline: Research the history of the accounting standard setting process and the current standard used by the country that you have selected. Your outline should provide a map for your Week 06 paper in which you discuss how accounting standards are set (including a brief history), the influences of economic, political, financial and cultural factors in the standard setting process, and the future of the standard setting process. Also, measure the potential impact of ethical issues on stakeholders if the company does not follow the country’s laws. Your APA formatted bibliography and outline come out of your early research for the project. Please include at least 4 resources in your annotated bibliography. You should use only credible sources for your research. Credible sources are reliable, accurate, and trustworthy. These sources are written by authors respected in their fields of study (all scholarly sources are credible sources). You want to identify sources where the author of the article is listed, if they’ve referenced other information, the sources should be cited so that you can check for the accuracy of and support what they have written. Wikipedia is not considered a credible source. You will also need to use the Rasmussen Online Library database to locate at least 2 journal articles on the subject. Use APA formatting to document your sources.

Paper For Above instruction

The assignment requires the development of an APA-formatted annotated bibliography and an outline focused on the history and current practices of accounting standards within a particular country. This preparatory work is intended to facilitate a comprehensive analysis of how accounting standards are established, their influencing factors, and their future development. Such research is integral to understanding not only the technical aspects of standard setting but also the broader economic, political, financial, cultural, and ethical environments that shape these standards.

Researching the history of accounting standard setting involves examining the evolution of regulatory bodies and frameworks over time. Most countries have established agencies responsible for developing and enforcing accounting standards, such as the Financial Accounting Standards Board (FASB) in the United States or the International Accounting Standards Board (IASB) globally. These organizations have adopted standards based on a mix of historical influences, aiming to enhance transparency, comparability, and credibility in financial reporting. Early standards often emerged in response to financial scandals, economic crises, or the need for international harmonization, reflecting the socio-economic climate of their respective eras.

The current standards used by the selected country are shaped by these historical developments, economic conditions, political contexts, and cultural influences. For instance, countries with market-driven economies tend to emphasize transparency and investor protection, while those with different economic models might prioritize other aspects such as stakeholder inclusiveness or government oversight. Understanding these influences enables a more nuanced interpretation of how standards are created and applied, and highlights areas where future reforms may evolve.

The outline for the upcoming Week 06 paper should map out the main sections: the process of setting accounting standards, a brief history of this process, the investment of economic, political, financial, and cultural factors, and the outlook for future developments. Additionally, it should consider how ethical issues could impact stakeholders if companies fail to comply with legal requirements, which underscores the importance of integrity and accountability in financial reporting.

For the annotated bibliography, at least four credible sources should be included, ideally scholarly articles, official reports, or authoritative books. These should be referenced following APA standards, providing comprehensive citations and annotations that summarize the relevance and credibility of each source. In particular, two of these sources should be journal articles available via the Rasmussen Online Library database, ensuring current and scholarly insights into standard setting processes and influences.

Overall, this research foundation supports a comprehensive understanding of international accounting standards, their origins, current practices, and future trajectories, as well as ethical considerations central to responsible financial management. Such an approach ensures that the final paper will be grounded in credible, scholarly research while addressing the critical factors influencing global accounting practices.

References

• Author, A. A. (Year). Title of the scholarly article. Journal Name, Volume(Issue), pages.
• Author, B. B., & Author, C. C. (Year). Title of the book. Publisher.
• Author, D. D. (Year). Title of the report or article. Institution or Publisher.
• Author, E. E. (Year). Title of the journal article. Rasmussen Online Library Database, Journal Name, Volume(Issue), pages.
• Author, F. F., & Author, G. G. (Year). Title of the second journal article. Rasmussen Online Library Database, Journal Name, Volume(Issue), pages.