Chapter 9 - Uniformity and Disclosure (s).pptx - ACCTG 641 \u2013 Accounting Theory History Chapter 9 Uniformity and Disclosure Wolk Accounting Theory \u00a9

Chapter 9 - Uniformity and Disclosure (s).pptx - ACCTG 641...

This preview shows page 1 - 6 out of 15 pages.

ACCTG 641 – Accounting Theory & History Wolk: Accounting Theory © 2017 SAGE Publications, Inc. Chapter 9 Uniformity and Disclosure 1
Image of page 1
ACCTG 641 – Accounting Theory & History Wolk: Accounting Theory © 2017 SAGE Publications, Inc. Lecture Choice Among Accounting Methods Uniformity Relevant Circumstances Nature of Finite and Rigid Uniformity and Flexibility Extent That Standards Are Using Finite Uniformity, Rigid Uniformity, or Flexibility Disclosure 2
Image of page 2
ACCTG 641 – Accounting Theory & History Wolk: Accounting Theory © 2017 SAGE Publications, Inc. What Causes a Firm to Choose One Accounting Method Over Another When Free Choice Can Be Made? Minimizing __agency costs_________ ________Signaling information__________ that management wants to send to outside parties ____Externalities________ – attempting to “influence” outside parties 3
Image of page 3
ACCTG 641 – Accounting Theory & History Wolk: Accounting Theory © 2017 SAGE Publications, Inc. Uniformity Uniformity is seen as the concept that influences comparability. Comparability, an enhancing characteristic, is not an inherent quality of accounting numbers in the sense that relevance and faithful representation are. Comparability deals with the ___relationship between accounting numbers. 4
Image of page 4
ACCTG 641 – Accounting Theory & History Wolk: Accounting Theory © 2017 SAGE Publications, Inc.
Image of page 5
Image of page 6

You've reached the end of your free preview.

Want to read all 15 pages?

  • Spring '14
  • Deines,DanS
  • Accounting, SAGE Publications, U.S. Securities and Exchange Commission, Wolk

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture