- 1、本文档共9页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
1-page \* arabic9
PRIVATE
Chapter 1 - Solutions
Overview:
Problem Length Problem #s
{S} 1 to 23
[M] 24
1.{S}(i) Short-term lenders are concerned primarily with liquidity. Accounting standards would focus primarily on near-term cash flows and might include cash flow forecasting. Performance reporting would likely emphasize cash-based measures.
(ii) Long-term equity investors are primarily concerned with the earning power of the firm. Income measurement would be the focus of standards for such users.
(iii)Tax authorities are concerned with the generation of tax revenue. Accounting standards might limit the ability of firms to shift income from one period to another and place strict controls on the recognition and timing (accrual) of both revenues and deductible expenditures.
(iv) Corporate managers seek to control their reported earnings, to cast the best possible light on their stewardship. Accounting standards set by managers would be highly flexible, with little supplementary information and footnote disclosure.
2.{S}The matching principle states that revenues should be matched with the expenses that generate them. As the revenues and related expenditures may be incurred in different accounting periods, accrual accounting is required to recognize them in the same period.
3.{S}The going concern assumption states that the enterprise will continue operating in a normal fashion. This assumption permits financial statements to record assets and liabilities based on the cash flows that they will generate as the firm operates. If this assumption were absent, all assets and liabilities would have to be evaluated on a liquidation basis. Accrual accounting could not be used, as the assumption that expenditures would produce future revenues could no longer be made.
4.{S}Public companies must provide current investors with detailed financial statements, mandated by the FASB and the SEC. Because of SEC filing requirements, annual and quarterly financial data are
您可能关注的文档
- 数据库设计规范和值得注意的问题资料.docx
- 厦门大学远程教育在线练习-政治经济学(专)资料.docx
- 开发企业如何有效降低财务费用资料.docx
- 药剂学专业实验论文资料.docx
- 00福建2013年会计从业资格考试《会计基础》冲刺卷第三套幻灯片.doc
- 公务员职衔规范译法及国家机关名翻译祥解.doc
- 计算机专业比较好的学校剖析.doc
- 企业使命,愿景,目标分析剖析.doc
- 通过职业医考试的心得体会概述.doc
- 《货币银行学》习题三答案幻灯片.doc
- 第十一章 电流和电路专题特训二 实物图与电路图的互画 教学设计 2024-2025学年鲁科版物理九年级上册.docx
- 人教版七年级上册信息技术6.3加工音频素材 教学设计.docx
- 5.1自然地理环境的整体性 说课教案 (1).docx
- 4.1 夯实法治基础 教学设计-2023-2024学年统编版九年级道德与法治上册.docx
- 3.1 光的色彩 颜色 电子教案 2023-2024学年苏科版为了八年级上学期.docx
- 小学体育与健康 四年级下册健康教育 教案.docx
- 2024-2025学年初中数学九年级下册北京课改版(2024)教学设计合集.docx
- 2024-2025学年初中科学七年级下册浙教版(2024)教学设计合集.docx
- 2024-2025学年小学信息技术(信息科技)六年级下册浙摄影版(2013)教学设计合集.docx
- 2024-2025学年小学美术二年级下册人美版(常锐伦、欧京海)教学设计合集.docx
文档评论(0)