Rules-based accounting standards

Reference no: EM13152771

Explain how "rules-based" accounting standards differ from "principles-based" standards. How might fundamentally changing accounting standards from bright-line rules to principle-based standards help prevent another Enron-like fiasco in the future? Are there dangers in removing bright line rules? What difficulties might be associated with such a change?

Reference no: EM13152771

Questions Cloud

What proportion of the interphase cells : What proportion of the interphase cells would you expect to exhibit labeled nuclei in autoradiographs prepared shortly after exposure to the labeled thymidine? (Assume a labeling period just long enough to allow the thymidine to get into the cells..

Annual advantage-disadvantage of accepting outside supplier : Prepare a make or buy analysis showing the annual advantage or disadvantage of accepting the outside supplier's offer.

What is the best air or fuel ratio for an automobile engine : What is the best air/fuel ratio for an automobile engine? b) If the mixture is made leaner, What happens to the hydrocarbon emissions?

Make plot of the ratio of number of boys born per year : Make a plot of the ratio of the number of boys born per year to the number of girls in the U.S. What do you see? In what year did we see the most total number of births in the U.S.?

Rules-based accounting standards : Explain how "rules-based" accounting standards differ from "principles-based" standards. How might fundamentally changing accounting standards from bright-line rules to principle-based standards help prevent another Enron-like fiasco in the future..

What is the actual amount of time : What is the actual amount of time (in hours) spent in each of the following stages: prophase, prometaphase, metaphase, anaphase, telophase, G1, S, and G2?

Calculate the heat release when steam is converted to water : Calculate the heat release when 62.0 g of steam at 129 C is converted to water at 50 C. Assume that the specific heat of water is 4.184 J/g x C

Different factors affecting capital structure decision : Do u think that different factors affecting capital structure decision will be viewed differently by different companies ? support ur ans with suitable examples.

Find the mean of the sampling distribution of hat : Population and the sample proportion of grandparents as primary caregivers (-hat) is to be calculated. What is the mean of the sampling distribution of -hat?

User Account

All Pages