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Solution Manual For Financial Accounting Theory 7th Edition by William R. Scott, Patricia O'Brien Chapters 1 - 13, Complete $16.49   Add to cart
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Solution Manual For Financial Accounting Theory 7th Edition by William R. Scott, Patricia O'Brien Chapters 1 - 13, Complete
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Solution Manual For Financial Accounting Theory 7th Edition by William R. Scott, Patricia O'Brien Chapters 1 - 13, Complet Solution Manual For Financial Accounting Theory 7th Edition by William R. Scott, Patricia O'Brien Chapters 1 - 13, Complet Solution Manual For Financial Accountin...

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  • October 2, 2024
  • 755
  • 2024/2025
  • Exam (elaborations)
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  • financial accounting
  • solution manual
  • solution manual for financial accounting theory 7
  • financial accounting theory
  • william r scott patricia obrien

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Solution Manual For Financial Accounting Theory
7th Edition by William R. Scott, Patricia O'Brien
Chapters 1 - 13, Complete

, Contents


Chapterd1 Introduction.................................................................................................. 1

Chapterd2 AccountingdUnderdIdealdConditions........................................................... 7

Chapterd3 ThedDecisiondUsefulnessdApproachdtodFinancialdReporting ....................... 68

Chapterd4 EfficientdSecuritiesdMarkets .......................................................................129

Chapterd5 ThedValuedRelevancedofdAccountingdInformation ......................................153

Chapterd6 ThedMeasurementdApproachdtodDecisiondUsefulness.................................194

Chapterd7 MeasurementdApplications ........................................................................237

Chapterd8 ThedEfficientdContractingdApproachdtodDecisiondUsefulness ..................... 285

Chapterd9 AndAnalysisdofdConflict........................................................................... 321

Chapterd10ddExecutivedCompensation ......................................................................... 371

Chapterd11ddEarningsdManagement ............................................................................. 425

Chapterd12ddStandarddSetting:dEconomicdIssues ......................................................... 487

Chapterd13ddStandarddSetting:dPoliticaldIssues ............................................................ 527




dPearsondCanadadInc.

,Scott,dFinancialdAccountingdTheory Instructor’sdSolutionsdManualdChapterd1



CHAPTERd1d

INTRODUCTION

1.1 ThedObjectivedofdThisdBook

1.2 SomedHistoricaldPerspective

1.3 Thed2007-2008dMarketdMeltdowns

1.4 EfficientdContracting

1.5 AdNotedondEthicaldBehaviour

1.6 Rules-Baseddv.dPrinciples-BaseddAccountingdStandards

1.7 ThedComplexitydofdInformationdindFinancialdAccountingdanddReporting

1.8 ThedRoledofdAccountingdResearch

1.9 ThedImportancedofdInformationdAsymmetry

1.10 ThedFundamentaldProblemdofdFinancialdAccountingdTheory

1.11 RegulationdasdadReactiondtodthedFundamentaldProblem

1.12 ThedOrganizationdofdThisdBook

1.12.1 IdealdConditions

1.12.2 AdversedSelection

1.12.3 MoraldHazard

1.12.4 StandarddSetting

1.12.5 ThedProcessdofdStandarddSetting

1.13 RelevancedofdFinancialdAccountingdTheorydtodAccountingdPractice

, Scott,dFinancialdAccountingdTheory Instructor’sdSolutionsdManualdChapterd1


LEARNINGdOBJECTIVESdANDdSUGGESTEDdTEACHINGdAPPROACHES

1. ThedBroaddOutlinedofdthedBook

IdusedFigured1.1dasdadtemplatedtoddescribedthedbroaddoutlinedofdthedbook.dSincedthed
studentsdtypicallydhavednotdhaddadchancedtodreaddChapterd1dindthedfirstdcoursedsessi
on,dIdstickdfairlydcloselydtodthedchapterdmaterial.

ThedmajordpointsdIddiscussdare:

• Accountingdindandidealdsetting.dHere,dpresent-value-
baseddaccountingdisdnatural.dIdgodoverdthedidealdconditionsdneededdfo
rdsuchdadbasisdofdaccountingdtodbedfeasible,dbutddodnotdgodintodmuchdd
etaildbecausedthisdtopicdisdcovereddindgreaterddepthdindChapterd2.

• Andintroductiondtodthedconceptdofdinformationdasymmetrydanddresultin
gdproblemsdofdadversedselectiondanddmoraldhazard.dThesedproblemsd
aredbasicdtodthedbookdanddIdfeelditdisddesirabledfordthedstudentsdtodhave
dad“firstdgo”datdthemdatdthisdpoint.dIdconcentratedondthedintuitiondunderly
ingdthedtwodproblems.dFordexample,dadversedselectiondcandbedillustrat
eddbydaskingdwhodwoulddbedfirstdindlinedtodpurchasedlifedinsurancedifdth
eredwasdnodmedicaldexamination,dordwhatdqualitydofduseddcarsdaredlik
elydtodbedbroughtdtodmarket.dFordmoraldhazarddIdtrydtodpindthemddownd
ondhowdharddtheydwoulddworkdindthisdcoursedifdtheredwerednodexams.

• Thedenvironmentdindwhichdfinancialdaccountingdanddreportingdoperat
es.dMydmaindgoaldatdthisdpointdisdthatdthedstudentsddodnotdtakedthisdenv
ironmentdfordgranted.dIddiscussdthedproceduresdofdstandarddsettingdbr
ieflydanddpointdoutdthatdthisdisdreallydadprocessdofdregulation.dIndthedpa
st,dtheredhavedbeendwell-
knowndcasesdofdderegulation,dsuchdasdairlines,dtrucking,dfinancialdins
titutions,dpowerdgeneration.dHowever,dwedaredenteringdwhatdisdlikelydt
odbedadperioddofdincreasingdregulation,datdleastdfordfinancialdinstitution
s.dInstructors

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