04_Econ_of_Fin_Atg - Economics of Financial Accounting Accountancy 301 Measurement& Disclosure Professor Clifton Brown 04 September 1 Uses of

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Unformatted text preview: Economics of Financial Accounting Accountancy 301 Measurement & Disclosure Professor Clifton Brown 04 September 1, Uses of capital (investing) Sources of capital (financing) Contracting elements Contracting Parties Assignment of rights & responsibilities Objectives Performance & accountability Information to form, execute, monitor and evaluate Information required by: Contract with Amylin Pharmaceuticals for the joint development, marketing, and selling of Byetta and other forms of Exenatide versus Contract with the holders of its floating rate bonds that are due in 2037 Management influence on accounting Ways in which managers can influence information reported in financial statements Choice of accounting methods Use of estimates required by accounting methods Structure the transaction Economic effects Information effects Again, why would managers influence (aka manage) earnings in a manner that may not reflect the...
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This note was uploaded on 06/05/2011 for the course ACCT 301 taught by Professor Yueli during the Spring '10 term at University of Illinois, Urbana Champaign.

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04_Econ_of_Fin_Atg - Economics of Financial Accounting Accountancy 301 Measurement& Disclosure Professor Clifton Brown 04 September 1 Uses of

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