Questions from General Accounting

Q: How do present magnitudes differ from future contingencies?

How do present magnitudes differ from future contingencies?

Q: Using different studies at different times it still appears to be the

Using different studies at different times it still appears to be the case that financial executives have a higher threshold for materiality than either Certified Public Accountants or financial analy...

Q: Finite and rigid uniformity would result in different information being received by

Finite and rigid uniformity would result in different information being received by users of financial statements. What difference would this make in terms of resource allocation when viewed from a ma...

Q: What is residual income? Abnormal earnings? Economic profit? EVA

What is residual income? Abnormal earnings? Economic profit? EVA?

Q: Is neutrality consistent with the external user primary orientation of SFAC No

Is neutrality consistent with the external user primary orientation of SFAC No. 1 and the pervasive constraint (benefits > costs) of SFAC No. 8?

Q: Under previous disclosure requirements of the SEC, dividends paid during the

Under previous disclosure requirements of the SEC, dividends paid during the past two years to shareholders must be stated in the annual report. This requirement has been broadened: There must be disc...

Q: ASR 242 of the SEC states that relative to payments made to

ASR 242 of the SEC states that relative to payments made to foreign governmental and political officials, “. . . registrants have a continuing obligation to disclose all material information and all i...

Q: Is Cadenhead’s conception of circumstantial variables as the only permissible departure from

Is Cadenhead’s conception of circumstantial variables as the only permissible departure from prescribed accounting methods closer to finite or rigid uniformity?

Q: What are the possible implications if accountants outsource the balance sheet to

What are the possible implications if accountants outsource the balance sheet to external appraisers (applying fair value accounting) for period-end financial statement reporting?

Q: For years the FASB had little interest in pursuing international harmonization projects

For years the FASB had little interest in pursuing international harmonization projects. What prompted its seemingly new interest in 2002 to work with the IASB in such a cooperative manner?