100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
Eerder door jou gezocht
Financial Accounting Theory
Financial Accounting Theory
Overig
Solution Manual for Financial Accounting Theory 8th Edition William Scott
72 keer bekeken 7 keer verkocht
Vak
Financial Accounting Theory
Instelling
Financial Accounting Theory
Boek
Financial Accounting Theory
Solution Manual for Financial Accounting Theory 8th Edition
Authors: William R. Scott, Patricia C. O’brien
The Solution manual covers chapters 1 to 13, there is one Word file for each of chapters which has 557 pages totally
Contact me in order to access the whole complete document.
Email:...
1.6 Rules-Based versus Principles-Based Accounting Standards
1.7 The Complexity of Information in Financial Accounting and Reporting
1.8 The Role of Accounting Research
1.9 The Importance of Information Asymmetry
1.10 The Fundamental Problem of Financial Accounting Theory
1.11 Regulation as a Reaction to the Fundamental Problem
1.12 The Organization of This Book
1.12.1 Ideal Conditions
1.12.2 Adverse Selection
1.12.3 Moral Hazard
1.12.4 Standard Setting
1.12.5 The Process of Standard Setting
1.13 Relevance of Financial Accounting Theory to Accounting Practice
1
, https://unihelp.xyz/solution-manual-for-financial-accounting-theory-william-scott/
Contact me on email (Solution9159@gmail.com) to access complete document, if you can't open/access/reach our si
Scott, Financial Accounting Theory, 8th Edition Instructor’s Solutions Manual Chapter 1
LEARNING OBJECTIVES AND SUGGESTED TEACHING APPROACHES
1. The Broad Outline of the Book
I use Figure 1.1 as a template to describe the broad outline of the book. Since the students
typically have not had a chance to read Chapter 1 in the first course session, I stick fairly
closely to the chapter material.
The major points I discuss are:
• Accounting in an ideal setting. Here, present-value-based accounting is
natural. I go over the ideal conditions needed for such a basis of accounting
to be feasible, but do not go into much detail because this topic is covered
in greater depth in Chapter 2.
• An introduction to the concept of information asymmetry and resulting
problems of adverse selection and moral hazard. These problems are basic
to the book and I feel it is desirable for the students to have a “first go” at
them at this point. I concentrate on the intuition underlying the two
problems. For example, adverse selection can be illustrated by asking who
would be first in line to purchase life insurance if there was no medical
examination, or what quality of used cars are likely to be brought to market.
For moral hazard I try to pin them down on how hard they would work in
this course if there were no exams.
• The environment in which financial accounting and reporting operates. My
main goal at this point is that the students do not take this environment for
granted. I discuss the procedures of standard setting briefly and point out
that this is really a process of regulation. In the past, there have been well-
known cases of deregulation, such as airlines, trucking, financial
institutions, power generation. However, regulation of financial institutions
increased following the 2007-2008 market meltdowns (Section 1.3).
Currently, at least in the United States, some of these regulations are being
rolled back. Instructors may wish to anticipate briefly the pros and cons of
2
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper netalavi. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €0,00. Je zit daarna nergens aan vast.
