Advanced Corporate Reporting Case Study

1. You are required to analyse a designated case (refer to the journal paper, Representing the market perspective: fair value measurement for non-financial assets (Barker and Schulte, 2017), Accounting, Organization and Society, Vol. 56 pp. 55-67) and answer the following questions:
a) What is the main contemporary financial reporting issue in the case and why?
b) What are the main differences between ‘accounting as history’ and accounting as economic’?
c) Describe the 3 levels of inputs that can be used in valuing an item under IFRS 13.
d) Describe the main theory employed by the author. Why do the authors believe this theory relate to the study?
e) What is the objective of the fieldwork conducted by the authors?
f) Describe the research design of this study (i.e. research method, sample)
g) What are the main findings of this research paper?
h) What are the implications in accounting from this research paper?
i) Identify one limitation of this research paper.

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