Solution-Establish accounting principles is wasteful and

Establish accounting principles is wasteful and inefficient

Assignment Help Accounting Basics

Reference no: EM131102601

(Need for GAAP) Some argue that having various organizations establish accounting principles is wasteful and inefficient. Rather than mandating accounting rules, each company could voluntarily disclose the type of information it considered important. In addition, if an investor wants additional information, the investor could contact the company and pay to receive the additional information desired.

Instructions:

Comment on the appropriateness of this viewpoint.

Reference no: EM131102601

Questions Cloud

Calculate emc''s value of operations : EMC Corporation has never paid a dividend. Its current free cash flow is $400,000 and is expected to grow at a constant rate of 5 percent. The weighted average cost of capital is WACC _ 12%. Calculate EMC's value of operations.

Balance sheet of wheat corporation : II/. Prepare journal entries for ABC Co.'s following events. 05/12/08 Received charter authorizing ABC Co. to issue 20,000 shares of common stock at a par value of $2 per share. 06/03/08 Issued 8,000 shares of stock, receiving $40,000.

Increase or decrease the supply of federal funds : Suppose that the demand for federal funds curve is such that the quantity of funds demanded changes by $120 billion for each 1 percent change in the federal funds interest rate. Assuming no change in demand, will the Fed need to increase or decrease ..

Discuss the progression of the markowitz portfolio model : Discuss the progression of the Markowitz portfolio model into the capital market theory. Describe what is meant by the security market line being the graphic representation of the capital asset pricing model. Contrast the differences between option w..

Establish accounting principles is wasteful and inefficient : (Need for GAAP) Some argue that having various organizations establish accounting principles is wasteful and inefficient.

Life after death by powerpoint video by don mcmillan : A short video on how not to do powerpoint. Make notes for your presentations next week. See end of activity for examples of citations for images and a link to how to find the speaker notes area..

How you would accomplish with a mock client of choice : Describe for me how you would accomplish this with a mock client of your choice.

What is the size of the labor force in the united states : What is the size of the labor force in the United States for the given year? What is the unemployment rate in the United States for the given year?

How much output will the firm produce : The short-run production function of a profit maximizer firm is given by f(L) = 6L^(2/3) , where L is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3. How many units of labor will the firm h..

User Account

All Pages

Establish accounting principles is wasteful and inefficient

Reference no: EM131102601

Reference no: EM131102601

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT