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DescriptionYou are a consultant who has been engaged by a growing organisation to develop a
research proposal on a contemporary accounting issue.
Perform preparatory work for an individual research proposal, including identifying the
research’s purpose, undertaking source analysis and outlining a research plan
Assessment Instructions
Choose a contemporary accounting issue and prepare a research proposal.
The research required will need to address a contemporary issue that is of value to
Southern Light Holdings (the Client). This will need to be drawn from the background
(which sets out the Client ‘s intent for the future and its current concerns)
The issue selected and research question addressed must consider:

an insight that the Client would find useful (the research question)

what data would be necessary to form the identified insight and how it would
address the research question (aim and objective)

how could that data be obtained (methodology and collection)

how that data can be analysed to address the research question

any ethical considerations relating to your research

the limitations of your proposed research
Word limit: 1200 (+ or – 10%), excluding executive summary and references
Detailed instructions:
1. Your research proposal should include the following sections:

Executive Summary

Introduction

Background of the Study

Source Analysis and Literature review

Gap Identification

Research question

Aim and Objectives of the research

Research Methodology

Data collection and Analysis

Ethical considerations

Limitations
2. Your research proposal should include at least five references relevant to the chosen
accounting issue (e.g., journal articles, textbooks, websites etc.). At least two of these must be
academic journal articles, but various sources should be used. You must reference each
source.
3. Complete a source analysis on one of the journal articles you have chosen and one of the
other sources.
4. Some sources of Academic journals are below;

The International Journal of Accounting

Accounting, Auditing & Accountability Journal

Journal of Accounting Research
Case Study
Southern Lights Holdings Pty Limited (Southern) has engaged you as an independent consultant.
Southern is seeking your advice on a range of matters leading towards what they anticipate will be
the successful raising of capital, the completion of two major projects, and ultimately, the listing of
the company on the Australian Stock Exchange.
BRIEF BACKGROUND
During the 1960s, Harbhajan Ashwin, an accomplished engineer, commenced business in
partnership with Rory McGuiness, a master builder, and Nazar Al Sharaf, a prominent architect.
Initially trading as Lakeside Residential and Commercial (LRC), the business achieved
considerable success in designing and building several apartment blocks and suburban shopping
precincts throughout the southern suburbs of Melbourne, Victoria.
Following continued growth, the partners employed and eventually passed the ownership and
management of LRC to their family members. Subsequently, the proprietary company Southern
Lights Holdings Pty Limited (SLH) was incorporated in 1995 and has continued to complete
construction contracts of increasing size and scope. Shares have remained equally held by
members of the Ashwin, McGuiness and Al Sharaf families and related entities.
CURRENT AND PROPOSED PROJECTS
SLH is currently between projects and has two major ventures planned.
The first project features the construction of a 40-storey building in Southbank, the Reflections
complex (Reflections).
The project will involve the following:

Completion of a new 40-storey building including 30 floors of residential apartments, 9
floors of hotel rooms, 2 restaurants, a shared car park and a commercial car wash facility.

Sale of 80% of the residential apartments

Retention of 20% of the apartments to be made available for lease

Disposal of the building management rights

Disposal of the rights to provide exclusive utility services including internet and electricity
The second project involves the purchase of a partially completed building in Jolimont, the Echoes
complex (Echoes). This building has remained in limbo for 2 years following a range of contractual
disputes and the insolvency of its owner. The Echoes complex is also subject to concerns relating
to the environmental impact of the building’s cladding.
Assuming ownership of this project will involve the following:

Completion of a new 25-storey building including 15 floors of residential apartments, 8
floors of hotel rooms, a restaurant, and a fitness centre.

SLH intends to retain ownership and operation of all commercial facilities and to dispose of
all residential apartments in the building
CONCERNS
SLH is currently concerned with the recognition and measurement of revenue of the various
contracts to be completed.
There is also considerable concern relating to the measurement of fair value, the recognition of
intangible assets, and the anticipated impairment of assets.
As there are concerns with the cladding used to date in the Echoes project, as well as particulars
concerning the Reflections car wash, SLH is interested in the measurement of environmental
costs.
Given the scope of these projects, SLH also holds an interest in the use of artificial intelligence in
financial administration, construction, and accounting for the management of assets.

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