[管理学]scot_ch02_im.pdfVIP

Instructor’s Manual—Chapter 2 CHAPTER 2 Accounting Under Ideal Conditions 2.1 Overview 2.2 The Present Value Model Under Certainty 2.2.1 Summary 2.3 The Present Value Model Under Uncertainty 2.3.1 Summary 2.4 Reserve Recognition Accounting (RRA) 2.4.1 An Example of RRA 2.4.2 Summary 2.4.3 Critique of RRA 2.4.4 Summary 2.5 Historical Cost Accounting Revisited 2.5.1 Comparison of Different Measurement Bases 2.5.2 Accruals 2.5.3 Summary 2.6 The Non-Existence of True Net Income 2.7 Conclusion to Accounting Under Ideal Conditions Copyright © 2009 Pearson Education Canada 8 Instructor’s Manual—Chapter 2 LEARNING OBJECTIVES AND SUGGESTED TEACHING APPROACHES 1. To Appreciate the Concept of Ideal Conditions This concept is drawn on throughout the book. Roughly speaking, by ideal conditions I mean conditions where future firm cash flows and interest rates are known with certainty or, if not known with certainty, where there is a complete and publicly known set of states of nature and associated objective probabilities which enables a completely relevant and reliable expected present value of the firm to be calculated. I assume risk-neutral investors in this Chapter, so that valuation of the firm is on the basis of expected present value, that is, no adjustment for risk is needed. The concept of a risk-averse investor is introduced in Section 3.4, and a capital asset pricing model of the firm’s shares is described in Section 4.5. 2. To Use the Present Value Model Under Ideal Conditions to Prepare an Articulated Set of Financial Statements for a Simple Firm The text limits itself to financial statements for the first ye