Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Only transactions having a direct effect on fund accounts were included in the statement
of changes in financial position.
Relevant circumstances are an important aspect of the uniformity issue.
Empirical research shows that prices of publicly traded securities react slowly and in an
erratic manner to new information.
Large parts of APB Statement 4 are restatements of the conventional wisdom of the
time.
An argument supporting regulation is that the only way to increase production of public
goods to meet the real demand of the public is through regulatory intervention.
The eight (8) statements making up the conceptual framework establish generally
accepted accounting principles.
Financial accounting standard setting in New Zealand has remained within the private
sector.
When accounting numbers are used to monitor agency contracts, there can be indirect
consequences from changes in accounting policies.
Because events that are internal to the firm are not considered "transactions," they do
not require entries in the firm's accounts.
Deprival value is computed by taking the lower of Present Value and Net Realizable
Value and then the lower of the survivor and Entry Value.
According to portfolio theory, systematic risk can be reduced by holding a portfolio of
investments.
Currently, expense is recognized when an incentive stock option is granted.
The cost approach to asset valuation involves determining the net realizable value, or
exit value, of the asset.
Congress has recently been concerned with the laxity of auditors in detecting and
disclosing fraud.
The major agency relationship is between the management of a firm and the firm's
creditors.
"A Statement of Basic Accounting Theory" (ASOBAT) assumed that the evaluative
framework of standards and guidelines was dependent upon the objectives of
accounting.
Manditorily redeemable financial instruments are classified as assets on the balance
sheet.
The European Union has extended consolidation accounting to firms within its member
states under a very wide group of circumstances where one firm has substantive control
over one or more other firms.
