Advanced Financial Accounting

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Question 1 (750 Words) Describe and evaluate the three theories of regulation. In your answer, explain the assumptions underlying the motivations of regulators under each of the perspectives. Question 2 (750 Words) Describe the normative measurement theories proposed in the 1950s,1960s and 1970s as alternatives to historical cost accounting. Discuss the effectiveness of these theories in improving accounting measurement. Marking criteria Marks will be allocated to: Clear and concise discussion of the key points Relevance to the topic and evidence of wide reading/research Presentation – format, spelling, vocabulary, readability Appropriate referencing, including in-text referencing and a reference list Students may follow either: Harvard referencing style or ; APA 6 referencing style

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