Questions from General Accounting

Q: Ball (2009) evokes the question of responsibility for the rash

Ball (2009) evokes the question of responsibility for the rash of accounting scandals in the 2000s. What actions do you propose to address the problem, if you agree that one exists?

Q: The question of the usefulness of cost allocations (discretionary accruals and

The question of the usefulness of cost allocations (discretionary accruals and management compensation plans) has been introduced in this and previous chapters. What, if anything, would you do about (...

Q: Moehrle et al. (2010) respond to the FASB regarding

Moehrle et al. (2010) respond to the FASB regarding possible financial statement presentation changes. Evaluate their response.

Q: Liu and Espahbodi (2014) suggest that a firm’s dividend policy

Liu and Espahbodi (2014) suggest that a firm’s dividend policy affects its propensity to smooth earnings. How might this finding affect financial statement analysis?

Q: Evaluate the costs and benefits of the accounting standard-setting process

Evaluate the costs and benefits of the accounting standard-setting process (versus an unregulated environment).

Q: How might the “capture” of auditors by auditees be mitigated

How might the “capture” of auditors by auditees be mitigated?

Q: Should a CEO be evaluated based on one year's cash flows?

Should a CEO be evaluated based on one year's cash flows? Why or why not? (Your answer might be affected by your definition of cash flow.)

Q: 1. What are the main distinctions between the Anglo-Saxon

1. What are the main distinctions between the Anglo-Saxon and the Continental models relative to accounting and financial reporting? Within the Anglo-Saxon group, how does the United States differ fro...

Q: 1. Assume that an asset is being examined and it is

1. Assume that an asset is being examined and it is determined that its cash flows would be $10,000 per year for four years (assume that all cash flows are received at the end of the year). The carryi...

Q: 1.Revenue recognition, when the right of return exists,

1.Revenue recognition, when the right of return exists, was standardized in 1981 by SFAS No. 48. Prior to this, SOP 75-1 provided guidance but was not mandatory (which is why the FASB has brought vari...