Analysis of Finance and Accounting Based Outsourcing: Researching the Ethical and Economic Dimensions of Accounting and Financial Outsourcing in UK
By
ACKNOWLEDGEMENT
I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.
DECLARATION
I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.
Signature:
Date:
ABSTRACT
Ethics and rules of professional conducts are the underlying topics that direct correct behaviours in each profession; especially, in the field of accounting and auditing, this research will make an effort to explore the theory and practise of ethics and professional responsibilities in accounting and auditing from a research perspective. In this study, researcher discusses the scope of financial outsourcing, motivations of an organization for financial outsourcing. Author also discusses the risks associated in financial outsourcing. This research is conducted using secondary data sources. Secondary data sources used in this research include articles, research publications and other similar sources available on the internet. The basic foundation of this research were based on literature review, findings were drawn by the review of literature. This research concluded that outsourcing of financing activities is an effective mechanism for transferring non-core functions of the company, including accounting processes and specific functions of accounting professional supplier of these services. The limitation of this research was that this research had not employed advanced statistical tools for making analysis of the data. The researcher had not applied any statistical tools for the purpose of data analysis and analyzed results through the results of these statistical tools.
Table of Contents
ACKNOWLEDGEMENT2
DECLARATION3
ABSTRACT4
CHAPTER 01: INTRODUCTION7
Background of Research7
Problem Statement9
Research Questions9
Rationale of the Study10
Outline of the Study10
CHAPTER 02: LITERATURE REVIEW12
Eight Motivations for Financial Outsourcing15
Risks in Financial Outsourcing16
Outsourcing and the Organizational Environment18
Transaction Cost Theory19
Institutional Theory20
Resources and Knowledge Theory22
Contingency Theory23
Basic Principles of Professional Ethics24
Ethics and Accounting Educators25
Impact of Goals on Ethical and Professional Standards29
Auditor Judgment and Ethical Standards30
Creative Accounting32
Conclusive Remarks on Chapter35
CHAPTER 03: RESEARCH METHODOLOGY36
Overview of Research Approaches36
Research Design37
Data Collection Methods37
Rationale for Qualitative Study38
CHAPTER 04: DISCUSSION39
Business Competiveness Accounting Outsourcing40
Accounting Outsourcing and Decision-making41
Ethical Dilemmas faced by Accountants42
Ethical Involvements in Accounting Profession45
Accounting Curriculum and Ethics Education47
Accountant focus on Theoretical Standards48
Ethical standards in the profession of Audit: Practise of auditors49
Professional Ethics in Accounting and Judgment50
Perception of Accountants and Auditors52
Ethical Standards for Accountancy54
Sociology of Accounting Organizations56
Dubious Part of Accounting58
CHAPTER 05: CONCLUSION60
Limitations of the Research61
Recommendations for Accountants61
Recommendations for Future Research62
REFERENCES63
CHAPTER 01: INTRODUCTION
Background of Research
The world is continuously undergoing change through diversifying products and services in a globalized scenario. In such circumstances, the world needs to go over the accounts at its own pace, seeking professional accounting experience. This means having the ability to understand, assimilate and apply new schemes quickly , using modern ...