ch9 uniformity and disclosure - CHAPTER 9 UNIFORMITY AND DISCLOSURE MEMBER GROUP CUT HANUM KANZA PUTRI C1L013004 ANGGASTA VASTHI A D C1L013011 FAAT

ch9 uniformity and disclosure - CHAPTER 9 UNIFORMITY AND...

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CHAPTER 9 UNIFORMITY AND DISCLOSURE MEMBER GROUP ; CUT HANUM KANZA PUTRI C1L013004 ANGGASTA VASTHI A. D C1L013011 FAAT AFIATIN C1L013020 MELI AMELIA C1L013027 ANINDITA NUR PRASETYARINI C1L013034 DESERIA WIJAYANTI C1L013041 SAGITA DWI SHINTA MC1L013048
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UNIFORMITY THE NATURE AND COMPLEXITY OF EVENTS A. Simple Events B. Complex Events
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RELEVANT CIRCUMSTANCES Are economically significant circumstances that can affect broadly similar events Two types of relevant circumstances ; Present magnitudes , conditions known at the time of the event Future contingencies , factors that can be known only at a later date Are an extremely important aspect of the uniformity issue
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MANAGEMENT IN RELEVANT CIRCUMSTANCES Selection of accounting methods might be affected by motives different than those dictated by the relevant circumstances maximize reported income... management compensation based on reported income Minimize reported income...fear of government intervention on antitrust grounds Smoothing income...less fluctuation = less risk Potentially capable of distorting income measurement
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  • Summer '14
  • Generally Accepted Accounting Principles, Selective Disclosure, rigid uniformity, relevant circumstances, finite uniformity

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