Accounting Theory & Contemporary Issues Organisations Consciousness

Question: Discuss about the Accounting Theory Contemporary Issues for Organisations Consciousness. Answer: Introduction The environmental impact of the business organisations consciousness has been increased all over the world in a drastic way. Thereby the contemporary business organisation focuses on the emphasis created for the development of effective business strategies with thereby helps in the enhancement of the policies for the creation of fruitful environment of the company. It thereby also helps in avoiding the critical issues that seems to be related to the unnecessary legal conditions raised in the environment of the organisation. Therefore, in order to create a fruitful environment in the organisation with the increment of profitability, the efforts are created for the development of the research and development part of the organisation (Sarker et al., 2016). It helps in the improvement of quality regarding the products produced by the organisation and thereby the product must depict environment friendly conditions for the creation of sustainable environment for the company. In this undert aken case study, it is observed that the Bio-sustainable Feed Company which is an Australian company seems to be focusing on the research and the development department for the development of the product. The product of the company consists of the Fish feed with thereby researching for the development of the quality of the product (R., 2016). The product development is made with the aim for making it a cost effective product, with keeping in mind of the environment friendly conditions. In this way the company seems to be able for enhancement of the profitability and at the same time the improvement of sustainability is taking place. Besides this the company need to focus on the establishing itself with the creation of social acceptance. Main Body Nature and Value to society of the research being done by BSF Ltd In this provided case study, the observation is made that the company Bio-sustainable Feed provides emphasis on their own CSR activities with thereby creating an drastic environment. As per the initiation made by the company, the sustainability for the organisation helps in the creation of effort for the organisation and thereby the effort of the research seems to be made with thereby creating the enhancement of the development department of the company. The research and the development department focus on the improvement of the profitability with creating constant works on the products (B. Rust, 2011). This helps in initialising the development of the products with thereby creating focus on the conditions and thereby the creation of the product seems to be created by the enhancement of the organisation. The development of the low environmental impact seems to be created with the reduction of usage of the natural resources and thereby the company tries to produce the product with the creating the usage of the wastage materials. Simultaneously, the reduction of usage of the natural resources helps in the reduction of the wastage materials and thereby the societal environment is kept clean. In this way the companys establishment is depicted with the establishment of the friendly environment for the company. In this provide case study which depicts that the Bio-sustainable Feed is trying to use the woodchip and the sugarcane residues along with the usage of wastage materials that are collected from the garbage and the dumps with the consideration of the food processing firms sewages. The usage of these materials helps in the reduction of the company and thereby the company reduces the use of the natural resources (Chung, 2016). In result to this, the quality products are products which provide the quality feeds to the fishes with lowering the cost of the production and thereby receiving an eco-friendly environment. It thereby also helps in invariable increment of the social acceptance for the company which thereby provides appropriate promotion for the company regarding the eco-friendly practices. The reduction of the environmental impact helps in the promotion of the eco-friendly practices for the company (Yang, 2015). The company with bringing improvement in the business activities hel ps in the creation of the social impact that promotes the environment friendly practices and thereby the acceptance of the company seem to be established with the creation of consciousness for the company. In this way the company seems to be increasing the profitability as well as the improvement in the quality of the products can be focused in an effective way. Problems with the early research done by BSF Ltd The problems that are depicted in this case study of Bio-sustainable Feed depicts the problems that rose during the continuation of the research process. With the variation of the research, the variation of process is focused with viewing the outcomes of each research in the form of the experiments (Weygandt, 2009). The first research mentioned in this process provides the judgment regarding the creation of sustainable environment of aquaculture feeds which seems to be based on the approaches made through the plant based feeds. The research executed helps in describing that the plant based feeds seems to be creating problems for the fish based feed and thereby the rate of the value of the 10 kg low value fish seems to equal to the 1 kg high value fish. It thereby provides a problem for the generation of huge rate of the materials which can be easily available from the resources (Sarker, Rahman and Alam, 2015). The generation of the actual conversion rate seems to be 30kg of the plant based feeds are values for 1kg high fish value feeds. This thereby provides the result that the 1/3rd of the fish died and also depicts the growth of the fish with lowering the life span. Henceforth the research failed to thrive and thereby the company taken an alternative initiative for the approach to be fruitfully executed. The process of the diversion of the food crops are depicted which seems to be another problem for the Bio-sustainable Feed Company (Rosen, 2005). This process executed seems to be benefitting the rich people and thenceforth the aquaculture conducted by the poor people seems to be at high risk and thereby the process of the benefits also lead to the malnutrition for the poor people. The production of the fish feeds are based on the important human nutritional components like omega 3 fatty acids and the company BSF initially used these components for feeding the fishes (Reymend and Pagare, 2016). The components on one hand increases the quality of fishes but on the other hand increases the cost which is the negative point for the company. Henceforth, the depriving of the poor classes from the society helps in creating a kind of objection for the people in the wide society. Discussing and defining the nature and differences between the research and development The research depicts the process of creation of new product with the consideration for the renovation of the old products and there by the company carries out the process of research for the increment of the quality of the product. It also helps in the increment of profitability with the creation of enhancement in the product line. It indicates the potential conduct that seems to be carried out by the help of the act considered and thereby the companys product can be improved by the method of the research conducted for the product (Qiu et al., 2012). In the case study of the Bio-sustainable Feed Company undertaken, the company seems to carrying out research for the enhancement of the fish feed products with the motive of reduction of the cost of the product, increment of profitability and the usage of the wastage products. Henceforth the research carried out by the company shows the sustainable environment created by the company with the enhancement of the business (Neuhusler and Fri etsch, 2012). It also provides the motive for the enhancement of product lines and henceforth research carried out depicts various results with the varying field of researches. It thereby helps the company to create a new innovative product that can be used by both the poor farmers and the rich companies depicted in this case study. The research development of the company indicates the appropriate process of the research carried out with depicting the environment of the company. The research development also depicts the enhancement of the product with depicting entire process of the research carried out for the product and thereby the enhancement of marketing for the product is also depicted with determining the cost of the product (Milburn, 2008). Product development depicts redesigning, implementing and the selling of the innovative product created by the company. The enhancement of the process for the development of the innovative product is depicted in the provided case study. It deals with the enhancement of the process regarding the enhancement of the product in reference to the fish feeds as mentioned in the case study (Mandal et al., 2010). Therefore the case study provides the appropriate implementation of the fish feed products with providing the positive outcomes regarding the experiment created. Henc eforth the company Bio-sustainable Feed provides appropriate development of the product with the creation of profitable and the sustainable environment. Assumptions and calculations based on the fair market value patent Innovation is depicted as the important means for the creation of competitive advantage in order to face the competitive market. Therefore the protection of the innovative ideas and the prevention of the patents of the organisation from the other organisations help in creating competitive advantage for the organisation. Patents are the forms that helps in securing the innovative ideas and the norms that are established by the organisation and thereby the creation of safety for the innovative ideas helps in the growth of the business (Belenzon, 2011). Thereby the patents become the crucial asset for the organisation. In the organisation of Bio-sustainable Feed, the significant values are estimated which is created in the context of the patents. The organisation also collects information for gathering the structure for estimating the value of the patent. It is an intangible asset which is shown in the balance sheet of the organisation. The research of using bacteria for the production of the fish feeds for the fishes from sugarcane, wood chips and the recaptured methane gas seems to be presenting the unique material for the innovation process carried out by the Bio-sustainable Feed Ltd (Christie, Rawnsley and Eckard, 2011). The cost seems to be estimated for the research which seems to be about $160 million AUD and another costs of $200 million AUD for the development of the costs in order to bring it to the market. With the consideration of organisation CSIRO i.e. commonwealth scientific and the industrial research organisation, the investment of about $500 million AUD is made for the patent created by the Bio-Sustainable Feed Ltd. The cost that was provides benefit to the BSF limited and thereby the total expense made by Bio-Sustainable Feed Ltd depicts $500 million AUD for the innovation or the research carried out and $200 million AUD for the creation of patent for the innovation or the research depicts the fish feeds (Daniel, 2013). In considering two year of patent span, the market value depicts $700 million AUD for the patent of the research made and also seems to be sold out by the company to the CSIRO organisation. The discount rate of about 8% per annum is created against the deal and thereby the value of the innovative idea created by the BSF Company seems to be increasing the value of the company with creating the impact of goodwill in the market. Henceforth the determination and the evaluation made for the company helps in the enhancement of the organisation and thereby the growth is observed (Droms and Wright, 2010). Journal entries for the RD transactions from 2013 to 2016 Particulars Debit ($) Credit ($) Grant 500 Commonwealth Scientific and Industrial Research Organization 500 Alternative aquaculture feeds 100 Cash 100 Research 500 cash 500 Development cost 200 cash 200 Patent 700 Cash 700 In the provided case study, BSF receives a grant from the Commonwealth Scientific and the Industrial Research Organisation of amount $500 million AUD. From the received amount, BSF Ltd spends $100 million AUD on the creation of alternative aquaculture process with thereby depicting the feeds of the year. The journal entries shows the total cash received and the expenses created within the financial year 2013-2016. The grant received from the CSIRO has been appropriately utilised for the further research and development of the fish feeds in order to create an alternative structure for the aquaculture feeds (Hall, 2007). The investment of the project is seemed to be increased with the creation of appropriate valuation for the project and thereby the enhancement of the product seems to be introduced with creating the path of success for the company. The presentation of the journal entries helps in defining the studies that are depicted with the consideration of the research and developm ent process. The grant received from the CSIRO has been indicated in the above set of journal entries which depicts the main purpose of accounting for the purpose of storing, collecting and evaluating the transactions carried out by the company during the span of time (HILTON and O'BRIEN, 2009). Henceforth the research and development plays an important role for the enhancement of the structure for the organisation which is clearly depicted in the journal entries and thereby the considerations are made accordingly for the enhancement of the research. The development in prospects of the research is made regarding the fish feeds seemed to be depicted by providing specific information for the continuation of the next level of the research. Exclusive control of assertion made in prospect of the patent values The management that the BSF Ltd consists of provides the consideration of the prospects regarding the planning of the patent are mentioned in this case study. The case study also depicts the understanding of the case which seems o indicating the control measurements followed by the company BSF Ltd. it thereby helps in depicting the understandings with creating the control strategies for the appropriate execution of the process followed by the BSF Ltd for the creation of sustainable environment in the organisation (Holton, 2012). The control strategies also depicts the controllable usage of the bio-sustainable feeds that seems to be depicted in this case and thereby the creation of the enhancement of the project helps in measuring the control strategies depicted for the expenses created by the organisation BSF Ltd. The strategies that are included for the appropriate consideration of the research for the organisation are depicted below which are as follows:- The bio sustainable materials are used in order to prepare the food for the fishes and thereby the creation of the appropriate process is used for determining the usage of the wastages for the preparation process. For the growth of the high quality materials, the preparation of the high quality food must be undertaken in order to create an appropriate strategy for the continuation of the process. The appropriate usage of the product is depicted in this case study with continuing the preparation of food from the plants. Henceforth the appropriate consideration of this control strategy helps in the creation of the structure for the enhancement of process of research carried out by the organisation (Horngren, 2013). The expectations regarding the creation food for the fish feeds are made with the utilisation of the process for appropriate production. It also depicts the successful completion of the patent with determining the implementation strategies that are depicted for the research. The control measures also depict the reduction of the costs for the production with depicting the historical feedback system. It thereby also helps in creating an appropriate system which seems to be followed for the enhancement of the feeding for the fish (Karapanagiotidis, 2014). The issues regarding this case seem to be prohibited by the process of continuing the control structures and thereby the consideration of the control measures is depicted with depicting the case study. Hence the control measures helps in indicating the appropriate enhancement of the process and thereby the control measures are continued by the enhancement of the structure of the process carried out with creating an enhancement for the systematic improvement. Conclusion The overall strategies made for the research seems to be fruitfully executed by the BSF Ltd which helps in the enhancement of the company. The overall structure also depicts the utilization of the process and thereby the consideration of the system of fish feeding seems to be successfully executed. It thereby also helps in providing the control measurement process with indicating the values of the research and thereby the systematic improvements are made in the context for the evaluation of the fish feed research (Kew and Watson, 2012). Henceforth the research seems to be indicating the creation of the fruitful environment with creating sustainability, growth and profitability for the organisation BSF Ltd. 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