Accounting Theory

AFM 401: DEC 5 7:00-10:00 PM

Thursday

DEc 5

PAC 7,8,11, 12

AFM 401: DEC 5 7:00-10:00 PM

Thursday

DEc 5

PAC 7,8,11, 12

AFM 401: Final exam coverage

Accounting under ideal conditions |

Textbook | * Chapter 1 & 2 | |

Problems | * Chapter 2: Problems 16, 18, 22  | |

Readings | * "Oil Majors Provide Differing Accounts of Shale-Gas Story" * "The $440 Billion Pension Gap" | |

Discussion | * Discussion problem | |

Decision usefulness approach |

Textbook | * Chapter 3 | |

Problems | * Chapter 2: Problems 1, 10, 12  | |

Readings | * "The Secret of Buffet's Success"  * "Firms Brace for Write-Downs"  | |

Efficient Securities Market |

Textbook | * Chapter 4 | |

Problems | * Chapter 4: Problems 3, 5, 9, 11, 13 | |

Readings | * "U.S. Suit Against S&P Tentatively Allowed to Proceed" * "SAC Hit With Criminal Case"  | |

Information perspectives on decision usefulness |

Textbook | * Chapter 5 | |

Problems | * Chapter 5: Problems 9, 16 | |

Readings | * "New Benchmarks Crop Up in Companies' Financial Reports"  * "Banker: Volatility is Real"  | |

Discussion | * Discussion problem | |

Measurement perspective |

Textbook | * Chapter 6 | |

Problems | * Chapter 6: Problems 10, 13 | |

Readings | * "How Audit Skepticism Has Fallen Short"  * "Not So Fast"  | |

Measurement perspective applications |

Textbook | * Chapter 7 | |

Problems | * Chapter 7: Problems 2, 8, 11, 13 | |

Readings | * "Better Loss Model May Have Prevented Bank Failures: GAO"  * "U.K. Lawmakers Defend Fair Values"  | |

Economic consequences and positive accounting theory |

Textbook | * Chapter 8 | |

Problems | * Chapter 8: Problems 8, 10, 12 | |

Readings | * "Wait Continues for Lease Accounting Clarity"  * "Leverage Ratios Surge at Large Companies" | |

Discussion | * Discussion problem | |

Analysis of conflict |

Textbook | *...