ACC620 Contemporary Issues in Accounting †MyAssignmenthelp.com

Question: Discuss about the ACC620 Contemporary Issues in Accounting. Answer: Literature Review - Summary From the literature review, it could be summarized that agency theory entails the detection of prospect uncertainties, which are created due to distinguishes between the goal of agent and principle. CPD organization provides data to decline the carbon emission rates. As per the renowned research scholar, the organization could reduce the carbon emission rates by setting the target. It is highly correlated with the organizational performance (Blanco, Caro, and Corbett, 2016). By setting the targets, a company could try to decline the emission rate. As per the agency theory, the agent is the company, which shows extensive engagement with the principal. In this context, CPD is acted as an agent, which is more likely to get more advantages in terms of incentives. An organization deals with declining greenhouse gas emission of other company as much as possible. Furthermore, the company could try to overcome the risks, which are related to climate alterations as an effect of these emission s (Depoers, Jeanjean, and Jrme, 2016). The market of the corporation is appropriate as it entails the diverse working culture in the form of agent i.e. CPD. The main role of this agent is to regulate the other organization to protect the environmental concern in an organized trend. It could be also summarized that this regulatory governance also supports themanagement system of other corporation to implement the strategy for reducing the emission rates and accomplish the target, which is predetermined bymanagement (Doda, et. al., 2016). Conceptual Model: The above conceptual model shows that there are two variable named independent and dependent variable. In this way, the independent variable is CPD data and the dependent variable is carbon emission rate of other company. This model is also supported by the agency theory, which describes that CPD act as an agent and other company is considered as principal. As a result, it indicates that CPD identifies the data to decline the carbon emission rate of other company (Friedlingstein, et. al., 2014). Hypotheses The following hypotheses will be used to accomplish the aim and objectives of research: H0: There is no significant relationship between CPD data and carbon Emission rate of other company H1: There is a significant relationship between CPD data and carbon Emission rate of other company Proxy Measures for Theoretical Constructs Theoretical Construct Proxy measure Dependent (DV), Independent (IV), or Control Variable (CV) Source Agency theory Efficient Market Hypothesis (EMH) Carbon emission rate (DV) and CPD data (IV) (Howard-Grenville, et. al., 2014). (Raupach, et. al., 2014). Tracking climate change performance measures/KPIs integration of financial and climate change managementinformation systems Carbon emission rate (DV) and CPD data (IV) (Friedlingstein, et. al., 2014). Monitoring compliances with climate change policy and regulation Carbon footprint calculation Carbon emission rate (DV) and CPD data (IV) (Doda, et. al., 2016). The above table shows that agency theory will be constructed to identify the contemporary accounting issues like carbon emission rate. The dependent variable is carbon emission rate and the independent variable is CPD data. It shows that carbon emission rate is depending on the data of CPD Company, UK (Lee and Vachon, 2016). There are certain sources are used to get reliable and valid information regarding research concern named journal article, books and online websites. Research Method: Philosophy and Approach The positivism philosophy will be selected to use the real data regarding research concern. This philosophy will be also chosen due to objective nature of the research issue i.e. role of CPD data to address the carbon emission rate. Along with this, deductive research approach will be used to test the hypothesis and formulate a theory for this research. This approach will be also selected due to its relevancy with positivism philosophy. Data Collection Method At the same time, both primary and secondary data collection method will be used to collect the information regarding research issue. In this way, primary data will be collected via survey through questionnaire whereas secondary data will be collected from books, journal articles, company report and online publication. Further, primary data would be beneficial to gather the new and first-hand information about research concern while secondary data would be effective to get the authentic information in less time. Research Design For this research, mixed research design will be used to attain the research objective. This research design will be chosen due to containing the characteristics of both qualitative and quantitative research design. In this way, qualitative research design will be used to gather the theoretical information regarding the role of CDP data to decline the carbon emission rate. As well as, quantitative research design will be implemented to collect the information about research concern via survey through a questionnaire. It would be beneficial to attain the research objective in a given time period. Sampling Method Furthermore, probability sampling method will be used to choose the sample from a large number of populations on a random basis. Under this method, simple random sampling method will be implemented to select the employees from targeted population. This method will be used to decline the possibilities of biases from survey through a questionnaire. With the intention of conducting the survey through a questionnaire, 40 employees of CPD organization will be selected as a sample size from the different geographical location of UK. Time plan Time plan is used as a blueprint to complete the investigation in a chronological manner. It depicts the distinct activities, which would be used to attain the main aim and objectives in specified time duration (Ripple, et. al., 2014). The following research plan would be used to complete the research: Table 1: Time plan for investigation The given chart depicts the graphical representation regarding action plan. It is implemented to define how the research practices would be attained step by step. The following table shows the action plan for this research: From the above table, it could be discussed that data gathering process and findings of research would take more time as compared to other activities, which will be performed during the research. References: Blanco, C., Caro, F., and Corbett, C. J. (2016) The state of supply chain carbon footprinting: analysis of CDP disclosures by US firms, Journal of Cleaner Production, 135, pp. 1189-1197. Depoers, F., Jeanjean, T., and Jrme, T. (2016) Voluntary disclosure of greenhouse gas emissions: Contrasting the carbon disclosure project and corporate reports, Journal of Business Ethics, 134(3), pp. 445-461. Doda, B., Gennaioli, C., Gouldson, A., Grover, D., and Sullivan, R. (2016) Are corporate carbonmanagement practices reducing corporate carbon emissions, Corporate Social Responsibility and Environmental Management, 23(5), pp. 257-270. Friedlingstein, P., Andrew, R. M., Rogelj, J., Peters, G. P., Canadell, J. G., Knutti, R., ... and Le Qur, C. (2014) Persistent growth of CO2 emissions and implications for reaching climate targets, Nature Geoscience, 7(10), P. 709. Howard-Grenville, J., Buckle, S. J., Hoskins, B. J., and George, G. (2014) Climate change and management. c, 57(3), pp. 615-623. Raupach, M. R., Davis, S. J., Peters, G. P., Andrew, R. M., Canadell, J. G., Ciais, P., ... and Le Quere, C. (2014) Sharing a quota on cumulative carbon emissions, Nature Climate Change, 4(10), P. 873. Lee, K. H., and Vachon, S. (2016) Carbon Management in the Supply Network: Measurement and Reporting. In Business Value and Sustainability (pp. 135-170). UK: Palgrave Macmillan. Ripple, W. J., Smith, P., Haberl, H., Montzka, S. A., McAlpine, C., and Boucher, D. H. (2014) Ruminants, climate change, and climate policy, Nature Climate Change, 4(1), pp. 2-5.