TheMeasurementApproachtoDecisionUsefulness文件材料.ppt

Chapter 6;Chapter 6 Overview;Move from Information to Measurement Approach;Move from I/S to B/S Approach;Transaction-based vs. All-inclusive approach ;ILLUSTRATION (1);ILLUSTRATION (2);Comprehensive Income;Other Comprehensive Income (OCI);Behavior-based Evidence of Market Inefficiency (Cont’d);Market-based Evidence of Inefficiency;Market-based Evidence of Inefficiency;Market-based Evidence of Inefficiency (Cont’d);Role of Financial Information;2. Low R2 Problem;3. Clean Surplus Theory (CST) ;Three formulas for firm value* ;Unbiased vs. Biased Accounting in Clean Surplus Theory;Calculating Unrecorded Goodwill*;Significance of CST to Accountants;4. Practices - Auditors liability;Auditor Liability (Cont’d);Chapter 7;Chapter 7 Overview;Fair Value: FASB vs. IASB;*;Three Tiers of Fair Value;Why Exit Price?;Criticism to Exit Price;Why Fair Value?;Why Fair Value (Cont’d)?;Criticism of FVA;Fair Value: Future Direction;Homework #5