Current Issue Essay

This is an essay about a current issue in accounting and therefore your articles must be as up-to-date as possible and certainly published in the past ten years.

why it was issued and its impact on financial reporting in practice

1. 3,000 (+/- 10%) words excluding bibliography, tables, etc.

2. The word count must be included at the end of your essay as Appendix 1.

3. You may want to use sub-headings based on a few themes. do not use too many headings and do not include a contents list.

4. You are required to read the following CW article and to reference it in your essay:

Quinn,M., Elafi,E. and Mulgrew, M. (2017). Reasons for not changing to activity-based costing: a survey of Irish firms, PSU Research Review, Vol. 1 No. 1, pp. 63-70

5. Advice for essay and an important discussion for the coursework sessions

1. one technique or compare different techniques
2. one sector or compare different sectors
3. one country or compare different countries
4. Planning the structure of your essay will generally improve your mark
5. An essay that is too broad may lead to a lower mark

6. Google Scholar for finding relevant articles

7. Library & IT link for online resources. Look under Databases, journals and e-books and search using Emerald and Science Direct, for example.

8. Your essay must use Harvard referencing correctly, including full web browser addresses used for internet sources. The accuracy of your referencing is very important. Avoid using double citations.

9. primary source of information.

10. If you do want to use a direct quote:

• Put it in italics and in speech marks to show it is a “direct quote”
• Give the author(s), year of publication and page number of the original source.

11. Times New Roman typeface, point size 12 for the text with line spacing of 1½ lines

12. Size 16 in bold for the essay title on page 1

13. No clipart or similar illustrations

14. Header and footer:

• Include a central header to show the title ‘Management Accounting’
• Include footers to show ‘The University of Greenwich’ (centre) and the page number (right).
• Have headers and footers in Times New Roman typeface, size point 8

• essay refers to current academic articles
• the paragraphs are a good length. This means that each paragraph deals with an appropriate amount of content and this helps the reader to follow the discussion.

• The Conclusion is not as strong as the Introduction. The final paragraph of the Conclusion is repetitive.

15. please see Appendix B which provides the University’s broad marking criteria for final year undergraduates. (see course work guide)

16. Please don’t do

• The CW requirements are not addressed properly or in full
• Reference(s) to textbooks
• Too many references to the same article
• Presenting an Analysis which does not reference academic articles to support each of your arguments
• Insufficient use of good quality ‘current’ journal articles (at least 10 including the CW article)
• Inadequately thought out, badly presented or poorly structured arguments
• A descriptive Analysis which is not a critical discussion of the issues
• Limited conclusions
• A Conclusion which includes a detailed analysis with no adequate summary of findings
• Spelling, punctuation and/or grammatical errors so use the spell-checker and grammar-checker before you submit
• No Appendix 1 / ignoring overall word count
• Going under the suggested word counts (see above table) for the Introduction and/or Conclusion sections

17. Appendix C

Template for written feedback. Feedback will be provided to students within 15 working days of the assignment deadline

• We change how the lease term is estimated (more aligned with the final approved standard), and how the discount rate is obtained.
• he most affected sectors are retail, hotels and transportation. We do not find a consistent result with regard to the effect on profitability ratios

Abstract

In January 2016, the International Accounting Standards Board issued a new standard for lease accounting: International Financial Reporting Starndard (IFRS) 16. IFRS 16 will lead to the capitalisation of the majority of current operating leases by lessees. We analyse the impact of the new accounting model on entity’s key financial, contributing to research by making significant changes in the Imhoff et al. [(1991). Operating leases: Impact of constructive capitalization. Accounting Horizons, 5(1), 51–63. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=9604010111&site=ehost-live; (1997). Operating leases: Income effects of constructive capitalization. Accounting Horizons, 11(2), 12–32. Retrieved from http://0-search.proquest.com.fama.us.es/docview/208896121?accountid=14744] methodology used by previous authors. We change how the lease term is estimated (more aligned with the final approved standard), and how the discount rate is obtained. Furthermore, we use a more comprehensive sample (646 quoted European companies). In line with previous research we find important systematic impacts on key balance sheet financial ratios (mainly leverage ratios), on a magnitude that depends on the operating lease intensity of the sector in which the entity operates. Our estimated impact is generally higher than that obtained in previous studies. The most affected sectors are retail, hotels and transportation. We do not find a consistent result with regard to the effect on profitability ratios.