BAO 3309 Advanced Financial Accounting Semester 2 2013 1 BAO3309 Advanced Financial Accounting: Research Assignment INDIVIDUAL ASSIGNMENT – 20% (Due date: To be advised by Sydney local lecturer) This assignment weighs 20% of the total grade of this subject. It must be handed in before the due date and meet all the submission requirement for successful completion of the subject Research topic: Convergence of international financial reporting standards 1. Your essay needs to address the following questions: A. Critically review literature on arguments for and against global convergence of international financial reporting standards (IFRS) B. Identify two listed companies: one from Australian Securities Exchange (ASX) and the other from New York Stock Exchange (NYSE); and analyse the accounting policy statement in their annual reports for the reporting year 2012 C. Discuss if your findings of Question 2 support (or reject) the convergence of IFRS. 2. Submission requirement 1. In-text references and a reference list are required to evidence your review of literature (see Appendix 1 for a list of academic journals) 2. Style: Use the following reference style (adapted from The Journal of International Accounting’s Author’s Information) for your assignment a. References list: references should be arranged first alphabetically and then further sorted chronologically if necessary. More than one reference from the same author(s) in the same year must be identified by the letters ‘a’, ‘b’, ‘c’, etc., placed after the year of publication. b. Reference to a journal publication Van der Geer, J., Hanraads, J. A. J., & Lupton, R. A. (2010). The art of writing a scientific article. Journal of Scientific Communications, 163, 51–59. c. Reference to a book Strunk, W., Jr., & White, E. B. (2000). The elements of style. (4th ed.). New York: Longman, (Chapter 4). d. Reference to a chapter in an edited book Mettam, G. R., & Adams, L. B. (2009). How to prepare an electronic version of your…