ACC7520 Strategic Business Reporting Assignment 1 Brief, University of Bolton
Assignment Brief
Learning Outcomes
LO1: Solve complex problems by applying fundamental ethical and professional principles and judgment to ethical dilemmas and reporting the financial performance of a range of entities.
LO2: Critically evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation.
LO3: Critically evaluate the financial statements including non-financial data such as segmental, sustainability and integrated reports for different stakeholders.
Declaration: At the end of the assessment you should also include a declaration of any software tools including Generative AI (GAI) applications that you used in developing and completing the assessment.
Assignment Task:
The existence and efficiency of the capital market can be seriously threatened by financial reporting fraud and misconduct. These frauds and misconduct can lead to poor business decisions and negatively impact the confidence of market participants in companies. Manipulation of financial statements which is considered as one of the possibilities of financial reporting fraud and misconduct, can be conceived in different ways under different legal frameworks. As a result, it is essential to critically review the literature on financial reporting fraud and misconduct to provide a comprehensive knowledge of how financial fraud arises and their impact on the capital market. Building on these insights, it is important to assess whether the current financial reporting framework and changes in accounting regulations can help reduce fraud and misconduct in financial reporting.
You are required to write a report that includes the following:
- The role of financial reporting, including non-financial data such as segmental and sustainability reports in capital market
- A critical review of the literature on financial reporting fraud and misconduct provides a comprehensive knowledge of how financial fraud arises and their impact on the capital market.
- A critical evaluation of whether the current financial reporting framework and changes in accounting regulations can help reduce fraud and misconduct in financial reporting