Questions from General Accounting


Q: Why is it difficult to define the basic accounting elements?

Why is it difficult to define the basic accounting elements?

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Q: What are the characteristics of assets, liabilities, and owners’ equity

What are the characteristics of assets, liabilities, and owners’ equity, and how have they evolved over time?

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Q: How do Lev’s views on disclosure differ from the views of Brownlee

How do Lev’s views on disclosure differ from the views of Brownlee and Young?

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Q: What is a securitization and why do firm’s use this technique?

What is a securitization and why do firm’s use this technique?

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Q: Lee (2001) rejects the “naive view” of market

Lee (2001) rejects the “naive view” of market efficiency. Explain. If Lee is correct, what are the implications for capital markets research in accounting?

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Q: Traditional measures of net assets do not capture the value of human

Traditional measures of net assets do not capture the value of human capital in an organization. Which trends, if any, suggest that intellectual capital may eventually be a candidate for inclusion as...

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Q: Why are asset and liability definitions important to the theoretical structure of

Why are asset and liability definitions important to the theoretical structure of accounting? Why are definitions important to policy setting bodies?

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Q: Why has no Continental model country developed a conceptual framework?

Why has no Continental model country developed a conceptual framework?

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Q: What is the meaning of “owners’ equity” in the balance

What is the meaning of “owners’ equity” in the balance sheet? Why are certain unrealized gai or losses included in owners’ equity?

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Q: What are deferred charges and deferred credits, how do they come

What are deferred charges and deferred credits, how do they come about, and do they conform to asset and liability definitions?

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