Questions from General Accounting

Q: What similarities are there between materiality and disclosure?

What similarities are there between materiality and disclosure?

Q: Discuss how the concept of conservatism may be changing as viewed by

Discuss how the concept of conservatism may be changing as viewed by Watts.

Q: Several years ago an author stated that corporate income could be scientifically

Several years ago an author stated that corporate income could be scientifically ascertained, but any type of adjustment for inflation would be pure folly because measurements would tend to become ver...

Q: Of the four disciplines in the following list, which do you

Of the four disciplines in the following list, which do you think qualify as sciences and which do not? State your reasons very carefully. Law Medicine Cosmetology Accountancy

Q: Several occupations within two of the aforementioned disciplines are listed here.

Several occupations within two of the aforementioned disciplines are listed here. Which do you think come closest to being scientific? Accounting researcher Chief accountant for an industrial firm Med...

Q: Why must objectives be at the topmost level of a conceptual framework

Why must objectives be at the topmost level of a conceptual framework of accounting?

Q: What are some of the pitfalls of empirical research?

What are some of the pitfalls of empirical research?

Q: Do you think that the work of a policy-making organization

Do you think that the work of a policy-making organization such as the FASB or the SEC is normative (value-judgment oriented) or positive (oriented toward value-free rules)? Discuss.

Q: Can any overall trend be detected in FASB pronouncements? Explain and

Can any overall trend be detected in FASB pronouncements? Explain and cite examples to substantiate your opinion.

Q: How has Sarbanes-Oxley of 2002 affected FASB’s jurisdiction and independence

How has Sarbanes-Oxley of 2002 affected FASB’s jurisdiction and independence?