Questions from General Accounting

Q: Do you see any inconsistency between the present value of assets and

Do you see any inconsistency between the present value of assets and liabilities in SFAC No. 7 since the latter is based on a firm-specific discount rate and the former does not use a firm-specific ra...

Q: Why do you think that operating ratios (return-on-

Why do you think that operating ratios (return-on-assets) are more sensitive to the combined effect of immateriality items than would be the case with solvency ratios (debt-to-equity and current ratio...

Q: What is due process in financial accounting standard-setting?

What is due process in financial accounting standard-setting?

Q: Does the ability to swiftly-and at no cost-download

Does the ability to swiftly-and at no cost-download music files convert this music from a private good to a public good?

Q: Are simple transactions really examples of rigid uniformity? Why or why

Are simple transactions really examples of rigid uniformity? Why or why not?

Q: How does earnings as discussed in SFAC No. 5 differ from

How does earnings as discussed in SFAC No. 5 differ from net income?

Q: How does the freedom from bias mentioned in ASOBAT compare to the

How does the freedom from bias mentioned in ASOBAT compare to the quality of neutrality mentioned in SFAC No. 8?

Q: Describe how definitions of income, revenues, and expenses have changed

Describe how definitions of income, revenues, and expenses have changed in statements issued by successive standard-setting bodies.

Q: If a separate statement of comprehensive income is presented, do all

If a separate statement of comprehensive income is presented, do all elements of comprehensive income appear in this statement?

Q: When dealing with earnings per share, why is less really more

When dealing with earnings per share, why is less really more with SFAS No. 128?