Questions from General Accounting

Q: How do measurement and calculation in accounting differ from each other?

How do measurement and calculation in accounting differ from each other? Give three examples of each.

Q: Are issues of costliness and timeliness as they pertain to accounting standards

Are issues of costliness and timeliness as they pertain to accounting standards part of accounting theory?

Q: Political factors are an adverse influence on the accounting standard-setting

Political factors are an adverse influence on the accounting standard-setting function. Discuss this statement.

Q: Did the 21st century begin on January 1, 2000?

Did the 21st century begin on January 1, 2000?

Q: Do you think that the color-coded terrorist threat system instituted

Do you think that the color-coded terrorist threat system instituted by the Department of Homeland Security involves a measurement system? Explain.

Q: What are the benefits of evaluating a CEO based on the sum

What are the benefits of evaluating a CEO based on the sum of earnings and cash flow divided by two? What is the downside to this metric? Make sure you clearly identify which cash flow and earnings yo...

Q: Why do you think earnings is managed when it appears that actual

Why do you think earnings is managed when it appears that actual income might be less than management’s voluntary forecasts of earnings?

Q: Of the various reasons that a firm might deal in its treasury

Of the various reasons that a firm might deal in its treasury stock, are there any that you might think are questionable? Discuss.

Q: Are disclosures of hedging effectiveness effective?

Are disclosures of hedging effectiveness effective?

Q: In what two different senses is the term pro forma used?

In what two different senses is the term pro forma used?