Questions from General Accounting

Q: Explain the meaning of the following two statements and why each may

Explain the meaning of the following two statements and why each may be true: a. Where management does not try to manipulate earnings, there is a positive effect on earnings quality. b. The absence of...

Q: Big Pharma has been criticized for making deals that may bring harm

Big Pharma has been criticized for making deals that may bring harm to shareholder interests. Evaluate the following transaction from earnings management and ethical perspectives: A pharmaceutical dru...

Q: In well-governed companies, a sense of accountability and ethical

In well-governed companies, a sense of accountability and ethical leadership create a culture that places organizational ethics above all else. What role does organizational culture play in preventing...

Q: Evaluate the following statement: Do the ends of positive organizational consequences

Evaluate the following statement: Do the ends of positive organizational consequences justify the means of earnings management?

Q: Relevance and faithful representation are the qualitative characteristics of useful information under

Relevance and faithful representation are the qualitative characteristics of useful information under SFAC 8. Evaluate these characteristics from an ethical perspective. That is, how does ethical reas...

Q: Evaluate earnings management from a utilitarian perspective. Can earnings management be

Evaluate earnings management from a utilitarian perspective. Can earnings management be an ethical practice? Discuss why or why not.

Q: Evaluate the following statements from an ethical perspective: “Earnings

Evaluate the following statements from an ethical perspective: “Earnings management in a narrow sense is the behavior of management to play with the discretionary accrual component to determine high o...

Q: Comment on the statement that materiality is in the eye of the

Comment on the statement that materiality is in the eye of the beholder. How does this statement relate to the discussion in the chapter of how to gauge materiality in assessing financial statement re...

Q: Distinguish between ethical rights and obligations from the perspective of accountants and

Distinguish between ethical rights and obligations from the perspective of accountants and auditors.

Q: Needles talks about the use of a continuum ranging from questionable or

Needles talks about the use of a continuum ranging from questionable or highly conservative to fraud to assess the amount to be recorded from for an estimated expense. Discuss his concept of a continu...