midterm review

midterm review - Midterm Review Basic objective of the 1st...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Midterm Review Basic objective of the 1 st half of Comm353 Answering questions like: Why do we have accounting? What is the objective of accounting information? How do we make accounting information more useful? Why are we interested in these questions: To understand the meaning of the job as accountants To understand the rationale, pros and cons, of rules Critical to the professional judgment To understand management incentives To better use accounting information Midterm Review 2
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Information asymmetry No accounting if there is no information asymmetr asymmetry Information asymmetry Adverse selection Moral hazard To reduce information asymmetry Users’ demand for information Firms’ supply of information Æ Accounting information Midterm Review 3 How to reduce information asymmetry? To provide the “true” income? Decision usefulness framework
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/06/2010 for the course COMM Comm 353 taught by Professor Zhang during the Spring '09 term at UBC.

Page1 / 5

midterm review - Midterm Review Basic objective of the 1st...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online