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Importance of IFRS standard in developing the financial statements has been discussed in order for describing the financial aspects of the retail organizations.Currency exchange in international markets shows profit and aggregate demand in the market. The impact of currency exchange has implied huge trends and fluctuations in foreign investment and stock investment. The main purpose of this research study is to analyze the retail industry of the country UK. The objectives and relevance of the topic are clearly stated in this research proposal. Selection, collection and analyzing of the data will be critically interpreted in this research study. Theoretical and methodological approaches are practically recommended for the enhancement of the financial services in the country.
Methodology refers to the collection process of data that will be expressed in qualitative and quantitative forms. As stated by Samadiet al. (2021), in this chapter of the research proposal, the numerical data of the financial industry will be extracted from secondary sources. Moreover, the research design that is descriptive, positivism philosophy, secondary data collection methods and techniques, non-probability sampling techniques, and ethical considerationswill be evaluated. The research must include the financial acts in representing the currency and stock exchange policies of the country.The data analysis philosophical and project report will be also investigated in this study research but since ethically dubious aspects can't be included in the research article with none ethos. Thus, the experimental and simulation elements of this research have been remaining the basic theme of this research proposal. Therefore, the organiationpsychological sentiments could not be disgraced in this research proposal. Although the main objectives of the researchare that the organizationparticipantmustincludethe basic concepts of IFRS. In this research proposal, the research methods that will be used by the research will be reflected in a brief manner. The collected data can be secondary qualitative and quantitative data. As the country has a vast economy, therefore it may use secondary quantitative data for the data collection. The research approach that will be used for this proposal is the deductive approach. As opined by Sumer and Ozorhon (2020), the methodology represents the “overarching strategy and rationale of the research project”. This is because it holds huge numerical data regarding the currency exchange and stock exchanges in the UK or international market.
Research philosophy and research proposal will be also evaluated in this research study because without any philosophy unethical components cannot be used in making the research paper.As per the view of Thakkar and Chaudhari (2021), the ethics to prepare a research proposal that can be effective for its users must me was taken as the prior concept. The “observational, experimental, simulation” and derivation of the research elements will be the main theme of the research proposal. The psychological sentiments must not be disgraced by the researcher while stating the proposal. Research settings and the participants must derive real concepts of the research aim and objectives.
After the data collection in the above chapter, the collected was interpreted in brief; this is stated as the expected outcome or analysis of the findings. In this research proposal, this chapter reflects the expected outcomes that are derived by the researcher in qualitative or quantitative form. As per the view of Wen et al. (2021), the expected outcomes will show the practical components of the currency exchange in the UK market including the stock market fluctuations in the other market. The impact of the financial industry on the country shows the “proportion of national economic output”. This is where the imports and exports of the country are measured with all the financial policies and results is been drawn on its basis. After this, the decisions are taken in respect of investments in other nations.
The analysis is done on the findings where different data are collected by different methods and the results are drawn by comparing its elements. As per the view of Hanif (2020), the outcomes show the relevance of the research proposal where the users of this can get expected results. The surplus and losses to the financial trade segments are mainly ascertained in this part of the research paper. The graphs and charts are mainly analysed in this segment with all the real and accurate sources. This also reflects the accuracy and authenticity of the research proposal which can make changes to the existing policies.
Based on the above context it can be concluded that the retail industry has many scopes that can run the country in profits for a longer period of time. It can be stated that the financial services that are provided in the retail industry must have variations that led to currency fluctuations and makes the demand for the stock and the investment in an alternative way. The consequences that are faced by the industry are also discussed with effective recommendations for the market scenarios. The abovementioned methods will show the effective data collection methods in the research proposal.
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