Accounting Theory
Mid-Term Exam
February 4, 2009
Instructor: B. La Rochelle, Ph.D., C.A.
Duration: 2 hours
Value: 25% of your final grade
Note to students: This is a closed-book exam, containing 3 questions, worth 30 marks in total. Apart from sundry writing materials (pens, pencils and the like), no examination aids are permitted
NAME: __________________________________________
STUDENT #: ________________________
Statement of Academic Integrity
The School of Management does not condone academic fraud, an act by a student that may result in a false academic evaluation of that student or of another student. Without limiting the generality of this definition, academic fraud occurs when a student commits any of the following offences: plagiarism or cheating of any kind, use of books, notes, mathematical tables, dictionaries or other study aid unless an explicit written note to the contrary appears on the quiz, to have in his/her possession cameras, radios (radios with head sets), tape recorders, pagers, cell phones, or any other communication device which has not been previously authorized in writing.
Statement to be signed by the student:
I have read the text on academic integrity and I pledge not to have committed or attempted to commit academic fraud in this exam.
Signed:______________________________________
Note: An exam without this signed statement will not be graded and will receive a grade of zero.
Question 1
The following is an edited article originally published in 2002 at www.accounting.smartpros.com:
The Accounting Cycle: Wash, Rinse and Spin
The Disintegration of Professional Judgment
Miller 's "collectivization of judgment"
By: J. Edward Ketz
April 2002 (SmartPros) — Was the current disorder of the accounting profession predicted by an Arthur Andersen partner over 25 years ago? Has a rule-based profession diminished professional judgment?