Ontemporary Issues in Accounting Exam Essays

There are two essays questions in this final exam, each questions requires about 600 words. The questions are:

1. Compare and contrast the change from normative accounting theory to positive accounting theory with the change from the geocentric model to the heliocentric model of the solar system.

2.Will the International Accounting Standards Board (IASB), within the next ten years, release an International Financial Reporting Standard requiring extensive disclosure of a corporation s environmental and social impacts? Give reasons to support your answer.

Answer the questions straight to the points they ask, no reference needed. I would upload all my lecture notes for you, and hope it may help. Plz use simple english so i can easy to understand and memorise. Thanks hits