Measurement Approach - Teresa's Part

Measurement Approach - Teresa's Part - The Measurement...

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The Measurement Approach to Decision Usefulness Presented by: Teresa Chiu Dominic Fung Kay Kuang Danielle Lee Jing Liu Scott Chapter 6 | Shiller
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Agenda Introduction to Measurement Approach and Behavioural Finance Teresa Prospect Theory Kay Stock Market Bubbles Kay ESM Anomalies Dominic BREAK? Implications on Financial Reporting Dominic Clean Surplus Theory Jing Other Implications of Measurement Approach Danielle Shiller Danielle Key take-aways Teresa
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Measurement Approach Last week: § Individuals are responsible for predicting future firm performance This week: § Individuals cannot make such predictions
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Measurement Approach “...Accountants undertake a responsibility to incorporate current values into the financial statements proper, providing that this can be done with reasonable reliability, thereby recognizing an increased obligation to assist investors to predict firm performance and value” Scott, p. 184
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What is it? “Finance from a broader social science
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This note was uploaded on 03/03/2012 for the course BUSINESS 424 taught by Professor John during the Spring '12 term at Simon Fraser.

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Measurement Approach - Teresa's Part - The Measurement...

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