Critical theory:

1. Who favours from traditional financial accounting/reporting? (2 marks)
2. What would a critical perspective (theorist) of financial accounting/reporting suggest? Give an example of a critical view to traditional accounting/reporting. (5 marks)
3. What are the perceived benefits of such a critical view of accounting/reporting? (2 marks)
4. Andrew’s et al (2020, p. 760) argues, “In Australia, entrenched features of neoliberalism, … have hamstrung the government’s ability to respond to the [COVID 19] crisis”. Using critical theory, explain the impact of the ‘neoliberalism straitjacket’ on the political response to COVID in Australia.

Answer rating: 100% (QA)

Answer 1 Financial accounting helps managers create budgets understand public perception track eff... View the full answer