You have a choice. You must attempt EITHER Question 1 OR Question 2. Your answer must be 1,500 words in total EXCLUDING any abstract, bibliography, or appendices.
Submission Deadline as per Sussex Direct.
Question 1 In his speech to the trustees of the IFRS Foundation 26 June 2019 the chief financial
officer of BMW AG claimed “In other words, while implementation of new and existing standards in great detail is occupying most of our capacity, public interest is increasingly focused on forward-looking statements”.
Critically discuss the importance of changing standards, and the implications on financial reporting of an increasing focus on forward-looking statements.
Question 2 “..in a digital world, the focus of the finance function is shifting from being based on costs
to being based on organisational value.”
Reinventing Finance for a Digital World, CGMA whitepaper
Critically discuss the effectiveness of management accountancy as a tool for adding value.