ACCI501 DEC 202 * 100% Question Two a) Critically assess how the use of principles-based standards will aid effective standard-setting by the International Accounting Standard Board IASB), and aid decision-usefulness for stakeholders. You should develop your arguments in the context of appropriate accounting theory. (E: 7 marks) b) Many firms discover that they do not hold enough information about customers. Management accountants can play a key role in providing such information (Brear. 2002) Critically comment on this statement and undertake a literature review to examine the various ways the management accountant may contribute to marketing and other decisions within organizations (E marks) c) Critically discuss the extent to which the application of normative stakeholder theery by business organisations in their core operations would enable the role of business in society to be fulfilled. Tilustrate your answer with examples TE: 3 marks (Total: 20 marks) ACCI501 DEC 202 * 100% Question Two a) Critically assess how the use of principles-based standards will aid effective standard-setting by the International Accounting Standard Board IASB), and aid decision-usefulness for stakeholders. You should develop your arguments in the context of appropriate accounting theory. (E: 7 marks) b) Many firms discover that they do not hold enough information about customers. Management accountants can play a key role in providing such information (Brear. 2002) Critically comment on this statement and undertake a literature review to examine the various ways the management accountant may contribute to marketing and other decisions within organizations (E marks) c) Critically discuss the extent to which the application of normative stakeholder theery by business organisations in their core operations would enable the role of business in society to be fulfilled. Tilustrate your answer with examples TE: 3 marks (Total: 20 marks)