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Should the impact on the value of the firm

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Read Accounting Headline 7.9 and, adopting a Positive Accounting Theory perspective, consider the following issues:

Question a) If a new accounting standard impacts on profits, should this impact on the value of the firm, and if so, why?

Question b) Will the imposition of a particular accounting method have implications for the ability of the organization to efficiently provide information about its performance?

Reference no: EM132620138

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