Discussion questions -Final exam

Discussion questions -Final exam - Discussion questions 1....

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Discussion questions 1. Identify at least five different internal and external users of financial statements 1-9 2. Identify and discuss the four major activities of a business enterprise. 1-10 3. Explain historical cost and fair value models of accounting. What explains the move toward fair value accounting? 2-11 4. Describe at least four major limitations of financial information. 2-15 5. Explain why cash flow measures of performance are less useful than accrual- based measures. 2-20 6. Describe differences between defined benefit and defined contribution pension plans. How does the accounting differ across these two types of plans? 3-19 7. What are the major actuarial assumptions underlying the postretirement benefits? Explain how a manager can manipulate these assumptions to window-dress the financial statements. 3-28 8. (a) What is meant by factoring or securitization of receivables? (b)
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This note was uploaded on 02/16/2012 for the course FINA 470 taught by Professor Austin during the Fall '11 term at South Carolina.

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Discussion questions -Final exam - Discussion questions 1....

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