HYPOTHESIS TESTING
HYPOTHESIS TESTING
Documents prepared for use in course C22.0103.001, New York University, Stern School of Business The logic of hypothesis testing, as compared to jury trials page 3 This simple layout shows an excellent corresp
HW 1
1) A group of college students believes that herbal tea has remarkable restorative powers. To test this belief, they make weekly visits to a local nursing home, visiting with the residents and serving them herbal tea. The nursing home staff repo
Accounting Cycle-continued
• Correcting entries
• Closing the books
• Generation of
financial statements
• Post-closing trial
balance
Correcting Entries
Ex. Unpaid wages of $2,000 were incorrectly recorded
as having been paid.
Original entry:
Wage expens
Accounting for Fixed Assets
Session Objectives
Is fixed asset measurement important? Should capital expenditures be treated as an asset or an expense? Are there different ways of depreciating an asset? Do accounting choices impact reported earni
Lecture 2 Solutions E9-41 (10 min.) 1. a. b. a. b. FV = $6,000(1.3605) = $8,163 FV = $6,000(1.5735) = $9,441 PV = $6,000(.7350) = $4,410 PV = $6,000(.6355) = $3,813
2.
3.
Halve the rates and double the number of periods. Present values decline: a.
7) In a DFD, a "data sink" is also known as a
A) data store.
B) transformation process.
C) data flow.
D) data destination.
Answer: D
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
7) In a DFD, a "data sink" is also known as a
A) data sto
Lecture 10-HW Solutions
3-34 (30-40 min.) The solutions to Requirements 1 through 3 are in the accompanying presentations. General Journal Entry Accounts and Explanations a. Cash Accounts receivable Collected cash on accounts. Cash Accounts receivab
Accounting for Investments
What is the difference between ST and LTInvestments? How do earnings and assets differ under the cost vs. equity method of accounting for LT investments? When are accounts of affiliates consolidated with that of the pare
Inventories
Appreciate why inventory measurement is so important. Examine reporting effects of measurement options. Understand the distinction between FIFO, LIFO and Average Costing methods. Does inventory measurement impact earnings?
Performanc
Conventional Accounting Revisited
Session Objectives
Understand the purpose of the accounting cycle Employ surrogates for the accounting equation as a tool of analysis Undertake transactions analysis with new tools
Conventional Accounting Revisi
Accounting Policy in a Historical, Institutional and International Context
Session Objectives
Examine the capital formation process. Understand the function of capital markets and the role of accounting. Appreciate how accounting standards are es
Current Cost Model
Review of Valuation Frameworks to Date
Present Value Model
Wealth = Income =
Present value of future cash flows Wealth (PV)
Advantages: 1. Takes into account time value of money. 2. Decision relevant
Disadvantages:
1. Subjecti
Revenue Recognition Refinements and Accounts Receivable
Asset & Expense
Assuming no I,W, G,L income = R-E = OE OE = (A-L)
R-E = A - L
Learning Objectives
Examine some exceptions to the realization principle. Understand how receivables are rep
E2-36 (10-15 min.) 1. The name of the statement is antiquated. It should be titled income statement (or statement of earnings, statement of operations, or operating statement). The line with the date should not be for an instant of time but for an in
Midterm Review
Prof. Jan De Loecker
Stern - New York University
March 10, 2008
Outline of Today's Review
Describe the midterm [Wednesday March 12 at 6:15PM in Schimmel Auditorium] Go over some of the more difficult questions on the sample midterm.
DATA DISPLAY
DATA DISPLAY
Documents prepared for use in course C22.0103.001, New York University, Stern School of Business Types of data page 3 "Data" is a catchall term. But data comes in a number of varieties, and it's important to distinguish amo
Payments among Nations
1.Accounting principles
A credit item (+)positive items: a country must be paid; payment by a foreigner into the country.
Exports of goods
Purchases by foreigners in this country
Foreigners investing in the countrys bonds
A debit
HW 2
For tips on using Minitab, look at "A Quicker Introduction to Minitab", on the course website. (Click on "Minitab"). Please hand in your Minitab output. (You can copy and paste the Minitab printouts and graphs into a Word document). 1) The file
SIMPLE LINEAR REGRESSION
SIMPLE LINEAR REGRESSION
Documents prepared for use in course C22.0103.001, New York University, Stern School of Business Fictitious example, n = 10. Page 3 This shows the arithmetic for fitting a simple linear regression. S
CONFIDENCE INTERVALS
CONFIDENCE INTERVALS
Documents prepared for use in course C22.0103.001, New York University, Stern School of Business
The notion of statistical inference page 3 This section describes the tasks of statistical inference. Simple
NORMAL DISTRIBUTION
THE NORMAL DISTRIBUTION
Documents prepared for use in course C22.0103.001, New York University, Stern School of Business Use of normal table, standardizing forms page 3 This illustrates the process of obtaining normal probabilit
DISCRETE RANDOM VARIABLES
DISCRETE RANDOM VARIABLES
Documents prepared for use in course C22.0103.001, New York University, Stern School of Business Definitions page 3 Discrete random variables are introduced here. The related concepts of mean, ex
SUMMARY STATISTICS
SUMMARY STATISTICS
Documents prepared for use in course C22.0103.001, New York University, Stern School of Business The standard deviation Computing a covariance and correlation from data page 3 page 5
Gary Simon, 2005
revise
Market Value Model
Session Objectives
Review earlier valuation models Introduce the accretion concept of income
Comparison of Financial Accounting Models
HC HC GPL RC HC RC MV MV
Valuation
Revenue recognition
pt. of sale
pt. of sale
pt. accr