What are some good topics for accounting theory and current issues?

Accounting theory is a collection of hypotheses, structures, and procedures employed in the learning and application of commercial reporting principles. The subject of accounting theory includes an examination of the traditional grounds of accounting practices, as well as the manner how these accounting practices are transformed and integrated into the statutory frame that rules the composition of financial statements and commercial reporting.

All accounting theories are restricted under the regulatory structure of accounting. This framework is generally given by Accounting Standard Boards in countries. These boards provide a plan and set the key purposes of financial reporting by public and private corporations. Further, accounting theory is all about rational reasoning and it helps in evaluating and guiding accounting applications. As the administrative patterns evolve, Accounting theory also helps in developing unique accounting systems and methods. The Accounting theory and current issues assignment help is more inclined towards being qualitative than quantitative, such that it is a model for reporting accounting and financial records efficiently.

The most critical feature of accounting theory is it
s value and use. In the commercial world, all financial statements should present essential data that can be utilized by the readers and beneficiaries to make well-informed business decisions. Accounting theory is deliberately adjustable so that it can provide adequate financial knowledge, even if the constitutional environment evolves.

Accounting theory asserts all the accounting information to be appropriate, credible, comparable, consistent, reliable, and compatible. Adherence to various accounting standards leads to the construction of financial statements to be consistent with a company's prior statements and comparable to those of other companies.

Accounting theory demands that every accounting and financial professional should work under four major assumptions.

• The first is that a company exists separately from its owners and creditors. 
  
[/*]
• The second is to always believe that a business will remain existing and not be bankrupted. 
  
[/*]
• The third is to assume that all financial statements are designed in monetary terms and not use any other numbers like units of production. 
  
[/*]
• Lastly, all financial statements should be regularly developed on a monthly or annual base.
  
[/*]

Accounting theory and current issues require students to have an in-depth knowledge of all essential accounting theory concepts and applications like those of transaction and complete disclosure, accounting periods, sustainability accounting, realization, fair value accounting, management of earnings, capital markets, etc. Students should understand the theoretical view behind the accounting theories, including the normative, positive, and critical accounting theories.

The subject demands students to acquire an extensive understanding of all the accounting theories and to apply them to particular and current financial issues and the conceptual framework.  Students should be able to analytically evaluate the accounting standard-setting processes and the logical foundation of distinct accounting standards; then apply these to essential financial recording issues.

Good accounting theory and current issues assignment topics can be:

• Explain and apply the structured framework of accounting on one current issue;
  
[/*]
• Critically examine multiple normative and positive accounting theories;
  
[/*]
• Display an exceptional skill to implement normative and positive accounting theories to contemporary business issues, form judgments and discuss the outcomes;
  
[/*]
• Describe and implement the theoretical principles underlying accounting practices;
  
[/*]
• Critically analyze the accounting standard-setting processes with relation to accounting theories;
  
[/*]
• Exhibit the understanding of contemporary issues and developments in accounting theory and practices in the view of the world.
  
[/*]