Film review-‘Enemy’

Film review-‘Enemy’

1. You will need to watch the film entitled ‘enemy’ created by Cancer Research United Kingdom (CRUK) and is part of their current media campaign.
Directly, after watching this film:
• Jot down your immediate reactions and thoughts towards the film clip.
• Can you visualize any relationship or link between the film clip and the field of accounting? If so, can you describe this? If not, can you explain why not?
• Try to describe your feelings towards ‘research’.
(Approximately 600 words)

2. Share your initial reaction and thoughts of the video clip. In doing this try to identify in your descriptions what it is that you found in common? Were there differences that you have found in each description? Can you also identify what these were?
Were you able to find connections or relations between the film clip and accounting? Did you find this activity difficult? If so, can you describe why this might be, if not, why not?
Describe your feelings towards research. What is research? How is it purposeful? What are its limitations?
(Approximately 200 words)

3. How has research, in our discipline of accounting, assisted to enhance and/or develop society?
You might like to discuss or think about some of the following:
• The nature of the business environment and whether this is conducive to such research developments?
• You may consider whether accounting research has in fact enhanced or developed society?
• The nature of accounting research and how this has developed over time?
• Some of the greatest developments that have occurred in accounting?
• Limitations that are placed on accounting research through the profession, employers, society, the regulatory and political environment, accounting standard setting bodies etc.
(Approximately 200 words)

4. How has research, in our discipline of ‘accounting’, assisted to enhance and develop society?
In undertaking your independent research you may find the following bullet points of assistance to further stimulate your thought processes:
• You might find conducting a general Google search as a good starting point to access information but remember you will need to filter and analyse this information carefully based on the above question.
• Consult with the Macquarie university library and its array of search options to review accounting research journal articles/ texts that may prove useful to review.
• A secondary resource that makes for an interesting read is your recommended text ‘Double Entry’ by Jane Gleeson-White (see unit guide for more details). This may prompt ideas and reflections.
• You may like to try to source practical examples of such research, through employers, the accounting profession, the ‘big 4’ websites, professional bodies websites (ICAA, CPA, CIMA), IASB website, local and international newspapers.
(No more than 500 words)

5. Answer following questions:
• Has China adopted IFRS?
• Why do you think this might be? Can you identify reasons or pressures for making this transaction? Remember this is of particular interest to China.
• Can you describe the reactions/feelings to this decision, of interested stakeholders within China?
(Approximately 600 words)

6. How has globalization impacted you personally?
(Approximately 150 words)

7. Answer following questions
• Divide your page in two by placing a line directly down the middle – based on your investigative analysis and your joint discussion so far jot down the overall advantages and disadvantages of embracing the notion of “one set of accounting standards that will rule them all”.
• Discuss and differentiate the following terms in relation to the joint activities of the IASB and FASB (U.S.):
a. Harmonisation
b. Standardisation
c. Condorsement
• Critically discuss whether the standardisation of accounting standards on a global basis equates with a standardisation in accounting practice? Remember you should provide clear justifications’ for your response.
(Approximately 300 words)

8. Can you identify any examples that illustrate the starting of cracks within the IASB’s efforts to standardise accounting practice globally? Similarly are there examples that further concrete such an effort?
(Hint you may like to think broadly across the business and political environment in relation to this question. It may also be of assistance to explore the IASB website)
Can you reflect on and describe the impact that such globalisation of accounting standards will have on you as a professional? What identified strategies may you put in place that will assist you with this impact?
(No more than 500 words).

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