Unique ability to recognize user needs

Assignment Help Accounting Basics
Reference no: EM13520014

The viewpoint has been expressed that financial statement preparers are also the largest class of users of financial statements. Hence, the preparer has a "unique ability" to recognize user needs that the FASB does not really appreciate. Criticize this viewpoint.

Reference no: EM13520014

Questions Cloud

State reduction half-reactions for each electrode : Draw a picture of the following cell and write reduction half-reactions for each electrode.Pt(s)|Fe3+ (aq),Fe2+(aq)||CrO72-(aq)|Cr3+ (aq),HA(aq)|Pt(s)
Problem for accounting standard-setters : Why the user groups may have relatively similar information needs. Do you think user diversity or different user objectives presents the greater problem for accounting standard-setters?
Define how many kilojoules of heat will be required to raise : If 8.40 kJ of heat is needed to raise the temperature of a sample of metal from 15 degrees celsius to 20 degrees celsius, how many kilojoules of heat will be required to raise the temperature of the same sample of metal from 25 degrees celsius to ..
What is the approximate wavelength of these tennis balls : Consider a tennis ball cannon people use to practice their game: what is the approximate wavelength of these tennis balls
Unique ability to recognize user needs : The viewpoint has been expressed that financial statement preparers are also the largest class of users of financial statements. Hence, the preparer has a unique ability to recognize user needs that the FASB does not really appreciate.
Define the density of a saturated alf3 solution : The solubility of AlF3 is 6.7 gms. of AlF3 per liter of solution. the density of a saturated AlF3 solution is 1grm per ml. the Ksp of AlF3 is
Statements are tautologies-contradictions or contingencies : Please answer if the following statements are tautologies, contradictions, or contingencies: (each correct answer is worth 1 point) It is a fact that the stock market has declined during Bushs presidency, but it is also a fact that it has not decl..
Explain the percent by mass of ba in the compound : A sample of .6820 g of an unknown compound containing barium ions (Ba+2) is dissolved in water and treated with an excess of Na2SO4. if the mass of the BaSO4 precipitate formed is0.4835 g, what is the percent by mass of Ba in the original unknown ..
Compute the index of refraction of the substance : A laser beam is traveling through an unknown substance. When it encounters a boundary with air, the angle of reflection is 28.2°, What is the index of refraction of the substance

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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