Questions from General Accounting

Q: Why would “fairness” in financial reporting be difficult to implement

Why would “fairness” in financial reporting be difficult to implement?

Q: As a potential investor, what do you feel would be the

As a potential investor, what do you feel would be the most useful attribute of measurement for each of the following: inventories held for sale, inventories held for production, and long term debt? W...

Q: What is the relationship between “stewardship” and “accountability”?

What is the relationship between “stewardship” and “accountability”? Discuss.

Q: If a division manager of a firm were fired due to poor

If a division manager of a firm were fired due to poor operating results, would this be an example of stewardship?

Q: The statement of Herbert Miller (footnote 33) is closest to

The statement of Herbert Miller (footnote 33) is closest to which theoretical approach delineated in SATTA?

Q: How has the definition of accounting been modified in recent years?

How has the definition of accounting been modified in recent years?

Q: The Trueblood Committee Report advocated the use of financial forecasts. Why

The Trueblood Committee Report advocated the use of financial forecasts. Why do you think that adoption of this suggestion has been very unenthusiastically received by preparers and auditors?

Q: Why do the value choices (entry value, exit value,

Why do the value choices (entry value, exit value, and historical cost) fall within the domain of accounting theory?

Q: What type of measurement is the measurement of objectivity in Equation (

What type of measurement is the measurement of objectivity in Equation (1.1): nominal, ordinal, interval, or ratio scale?

Q: Do you think that changes brought about in accounting standards by failures

Do you think that changes brought about in accounting standards by failures of publicly traded companies such as Enron should be classified under political factors or economic decisions? Support your...