Questions from General Accounting

Q: If you could relate materiality, disclosure, and conservatism to types

If you could relate materiality, disclosure, and conservatism to types of measurements (nominal, ordinal, interval, and ratio scale), how would you do so?

Q: What role should the AICPA assume in the possible development of “

What role should the AICPA assume in the possible development of “baby GAAP” standards?

Q: How can accounting move more toward becoming a science rather than an

How can accounting move more toward becoming a science rather than an art? Discuss.

Q: Do you see an evolutionary process involving the documents and reports presented

Do you see an evolutionary process involving the documents and reports presented in this chapter? Explain.

Q: Williams and Ravenscroft (2015) question decision usefulness as the basis

Williams and Ravenscroft (2015) question decision usefulness as the basis for accounting standards. Take a position and argue its merits.

Q: 1.Refer to either a current intermediate accounting text or a

1.Refer to either a current intermediate accounting text or a guide to current “generally accepted accounting principles.” Give at least one example for each of the four cells of Exhibit 9-1 (your ins...

Q: Of the three inputs to the accounting policy-making function,

Of the three inputs to the accounting policy-making function, which do you think is the most important?

Q: How can political factors be an input into accounting policy-making

How can political factors be an input into accounting policy-making if the latter is concerned with governing and making the rules for financial accounting?

Q: Comment on the following statement: Cash flow from operating activities is

Comment on the following statement: Cash flow from operating activities is the most important section of the SCF. Hence, analysis should be focused on this section.

Q: Is accounting theory, as the term is defined in this text

Is accounting theory, as the term is defined in this text, exclusively developed and refined through the research process?