I want do a project in managerial or financial accounting. I donot have a clue

A good line of research in Financial
Accounting would be The estimated replacement
value theory of Assets and the corresponding depreciation provision.

Bibliography:-
Professor Raymond Chambers of
Sydney University (Australia).

1) Accounting is NOT an exact
science. It definitely is not.
It can be described as a science
of approximations.
2) No Balance Sheet is worth the paperit is printed on, if it values the assets at cost basis prices.
What is the alternative ?