100% Original, Plagiarism Free, Tailored to your instructions

Order Now!

Assignment – article and adopting a Positive Accounting Theory

Word limit:
Whilst there is not a maximum limit, the minimum is 1500 words.

Read the
following article and adopting a Positive Accounting Theory perspective,
consider the following issues:

1. If a new accounting standard impacts on profits, should this impact
on the value of the firm, and if so, why?
2. Will the
imposition of a particular accounting method have implications for the
efficiency of the organization?

Foster’s: less
goodwill, higher earnings

The challenges
facing investors seeking a true picture of a company’s earnings during the
impending profit reporting season were underlined again on Friday when Foster’s
flagged it would report a $1.2 billion reduction in net assets under new
accounting standards.
The transition to
international financial reporting standards (IFRS) means Foster’s net assets
will fall from $4.6 billion to $3.37 billion based on its last reported balance
sheet, mainly as a result of the internally generated goodwill on brand names
not being recognized.
The other major
contributor to the reduction is the requirement to allow for deferred tax
liabilities based on the difference between the carrying values of assets and
their cost base.
Despite scepticism about the likely success of Foster’s recent $3 billion
acquisition of winemaker Southcorp and Foster’s ability to extract sufficient
merger synergies, the changes to the reported accounts do not relate to any
issues with that acquisition. The brewing and winemaking group told analysts
the balance sheet adjustments wouldn’t affect its cash flow or ability to pay
But reported profits
will be higher than they otherwise would be because of the removal of goodwill
amortization charges.
Under the standards, goodwill is instead
subject to an annual “impairment test”, with the elimination of amortization
expenses boosting reported profits. If the new standards were applied to
Foster’s half-year accounts to December 31, 2004,

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Custom Writing Service

Instant Quote
Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Total Cost: NaN

Get 10% Off on your 1st order!