Earnings trends and normative theory-education

Assignment Help Accounting Basics
Reference no: EM1364120

Evaluate how research and normative theory impacts accounting education today and the likely impact that more research may have on the accounting profession.

While research evidence indicates that historical cost valuation methods are often irrelevant discuss why the accounting profession has a difficult time moving away from it and toward valuation methods that research methods have proven more relevant

Evaluate corporate management's comfort level with stable earnings trends and identify what you believe is the most significant factor that contributes to this level of comfort.

Discuss several methods that business managers might use to smooth earnings. Do you agree that smoothing earnings is an acceptable accounting practice? Explain your answer.

Reference no: EM1364120

Questions Cloud

What are retained earnings : What are retained earnings? What items increase the balance in retained earnings? What items decrease the balance in retained earnings?
Materials requirement analysis and planning : Show ways the company you researched could benefit materials requirement planning.
Compute the charge on the ion : A uniform electric field of magnitude 445 N/C pointing in the positive x-direction acts on an electron, that is initially at rest. The electron has moved 3.10 cm.
Compute the cost of retained earnings : A Corporation stock is selling for $78. The next annual dividend is expected to be 2.70. The growth rate is 9 percent. The flotation cost is 5.00.
Earnings trends and normative theory-education : Evaluate how research and normative theory impacts accounting education today and the likely impact that more research may have on the accounting profession.
Information assets to evaluate for risk management : "If an organization has three information assets to evaluate for risk management as shown in the accompanying data, which vulnerability should be evaluated for additional controls first? Which one should be evaluated last?
Living wills : Living Wills - importance of asking patient's about a living will or advanced directive
Utilize a supply and demand model to model this phenomenon : The article also notes that, as a consequence of the rent control laws, the price of owner occupied housing has increased greatly. Utilize a supply and demand model to model this phenomenon as well.
Job roles and tasks : Identify a show with two segments to review and for each of the two segments in that show, identify the items below. To do this you may wish to use a spreadsheet or set up a table so that your data makes sense.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Proper disclosures in the stockholders equity section

Show the proper disclosures in the stockholders' equity section of the balance sheet issued at the end of the first quarter, March 31, 2013. Assume net income of $100000 during the first quarter.

  Internal auditors-forensic accounting investigations

How should internal auditors help, if at all, with forensic accounting investigations?

  Difference between allocated and actual overhead

Jacobs Company manufactures refrigerators. The company uses a budgeted indirect-cost rate for its manufacturing operations and during 2005 allocated $1,000,000 to work-in-process inventory. Actual overhead incurred was $1,100,000. Prepare a journa..

  Aaccrual basis accounting

Publicly traded firms are required to report to the investors using an accrual not a cash-basis approach. Do you think they should? What are the advantages? The drawbacks?

  Accounting practice problem

On January 30, Tensing Corporation bought supplies of $2,000. The supplies were all consumed in February. Determine which of the following statements is true regarding the accounting for these supplies.

  Equity section of the balance sheet

Prepare journal entries to record the treasury stock transactions. Prepare the equity section of the balance sheet for Cosmo Company.

  Constructively received income

Which of the following would be considered "constuctively received?"

  Calculating amount of deductible expenses

Jimmy owns a trucking business. During the current year he incurred the following:

  Us gaap or ifrs system

Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.

  Calculating value of ending inventory

Emerson Electronics had the following information related to its September inventory. Sales were made at $20 per unit and Emerson uses the perpetual inventory system. What is the value of ending inventory under FIFO?

  Job-order costing variables

On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921.

  Journal entries for restructured long-term debt

Your company is in financial trouble and is in the process of reorganizing. Your manager wants to know how you will report on restructuring the debt. Use the following information to help with this assignment. Prepare journal entries for debt rest..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd