Explain public interest theory

Assignment Help Financial Accounting
Reference no: EM13502244

Question 1

Refer to the article Pawsey, N., Brown, A. & Chatterjee, B. (2011). ‘The potential adoption of IFRS for U.S. Issuers: A textual analysis of responses to the proposal,' 23rd Asian Pacific Conference on International Accounting Issues, Beijing, China, 16-19 October on Interact. Let us assume that Financial Accounting Standards Board (FASB) now requires U.S. domestic firms to prepare financial statements following IFRS.

a) Explain ‘public interest theory' in your own words. From the perspective of public interest theory, discuss the rationale for the introduction of such reporting requirements.

b)Explain ‘private interest theory' in your own words. Contrast your answer to part b) with how private interest theory would explain the introduction of such reporting requirements.

c)Explain ‘capture theory' in your own words. Predict, from the perspective of capture theory, who may ultimately benefit from the introduction of such regulation.

In conjunction with the article by Pawsey et al.,may refer to other academic/professional journalarticles on this topic in your discussion.

Question 2

Search academic database(s) and find two academic papers that used agency theory. Explain ‘agency theory' and how these academic papers used this theory. Critique the use of this theory in the contexts in which these papers used this theory.

Reference no: EM13502244

Questions Cloud

Compute the full width at half height of a gaussian function : Calculate the full width at half height (FWHH) of a Gaussian function exp(-πx2/σ2). By considering a monochromatic source show that a Michelson interferometer performs a Fourier transform of the source in the frequency domain to a signal in the tim..
Financial controller of a corporation : Based on the Case Study and Scenario as presented above on page 2 prepare a 500 - 750 word report which includes the sections
What is the friction force on the rolling logs : As a logging truck rounds a bend in the road, some logs come loose and begin to roll without slipping down the mountainside. What is the friction force on the rolling logs
Calculate the per patient day rates : calculate the per patient day (PPD) rates for all areas highlighted in blue.
Explain public interest theory : Search academic database(s) and find two academic papers that used agency theory. Explain ‘agency theory' and how these academic papers used this theory. Critique the use of this theory in the contexts in which these papers used this theory.
How to calculate the viscosity average : Calculate the viscosity average and number average molecular weights of polyvinyl alcohol given the molar mass of cleaved and uncleaved polymer solution.
Find the amplitude of the oscillating electric field : A microwave oven operates at 2.4 GHz with an intensity inside the oven of 2350W/m^2. What is the amplitude of the oscillating electric field
Explain ccl4 decomposes to carbon and chlorine : At 70K, CCL4 decomposes to Carbon and Chlorine. The Kp for the decomposition is 0.76. Find the starting pressure of CCl4 at this temperature that will produce a total pressure of 1.1 atm at equilibrium.
Define a patient recieves all her nutrition from fluid given : A patient recieves all her nutrition from fluid given through the vena cava. every 12 hours, 750mL of a solution that is 4%(m/v) amino acids (protein) and 25% (m/v) glucose (carbohydrate) is given along with 500 mL of a 10%t (m/v) lipid (fat)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the economic order quantity

Evaluate the economic order quantity for the spice in terms of 10 pound bags - Find the reorder point

  What was shareholders equity as of december

What ($ in 000s) was shareholders' equity as of December 31, 2012? What ($ in 000s) was shareholders' equity as of December 31, 2012?

  Compute price and quantity labor variances

During August, the company incurs 2,370 hours of direct labor at an hourly cost of $13.65 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances

  Prepare the journal entry to record the sale

Prepare the journal entry to record the sale of any job(s) during the month and what is the balance in the Finished Goods Inventory account at the end of the month? What does this balance consist of?

  Explain how would the concepts of utility-income

Explain how would the concepts of utility, income, and substitution predict consumer behavior based on the rise in the cost of carbonated beverages?

  Draw up a pro-forma combined cash and bank account

Draw up a pro-forma combined cash and bank account, receivables and payables control accounts and all other T-accounts as required for Topsanah for the year ended 31 december 2011.

  Calculate the total amount of dividends

Calculate the total amount of dividends declared by March for 20X7 and calculate March's profit for 20X8

  Fractions in real life situations

What are some examples of real-life situations where the addition of fractions, multiplication of fractions, or division of fractions might be required?

  Evaluate the length of the inventory conversion

Evaluate the length of the inventory conversion period and Determine the length of the receivables conversion period.

  Computation and evaluation of activity ratios

Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places.

  Make the necessary adjusted journal entries

Create the Journal for the transactions and Post these to the T-accounts and create the Unadjusted trial balance, Make the necessary Adjusted journal entries.

  Nellie is determining a potential bond purchase that seller

nellie is determining a potential bond purchase that seller purchased 12 years ago for 4000. the bond matures 8 years

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd