Question 3: Paragraph 81 states that if the amount of consideration to which an entity will be entitled is variable‚ the cumulative amount of revenue the entity recognizes to date should not exceed the amount to which the entity is reasonably assured to be entitled. An entity is reasonably assured to be entitled to the amount allocated to satisfied performance obligations only if the entity has experience with similar performance obligations and that experience is predictive of the amount of consideration
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3101AFE ACCOUNTING THEORY AND PRACTICE TUTORIAL 1 - Semester 2 2014 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 - Question 1.8: What is the difference between developing a theory by induction and developing a theory by deduction? As explained in this chapter‚ theory that is developed through induction is developed as a result of undertaking a series of observations of particular events‚ and on the basis of these observations‚ a theory is developed. Early
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Reading 1.2 - Accounting theory and development Accounting Theory Construction with Inductive and deductive approach Deductive approach vs. Inductive approach in accounting theory construction Deductive reasoning entails a valid argument in which it is impossible to assert the premises and to deny the conclusion without contradicting oneself. Deductive approach to accounting theory construction begins with establishing the objective of accounting. Once identified‚ definitions and assumption
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University of Wollongong Research Online Faculty of Commerce - Accounting & Finance Working Papers 2005 Faculty of Commerce Regulation as Accounting Theory M. Gaffikin University of Wollongong‚ michael_gaffikin@uow.edu.au Recommended Citation Gaffikin‚ M.‚ Regulation as Accounting Theory‚ School of Accounting & Finance‚ University of Wollongong‚ Working Paper 9‚ 2005. http://ro.uow.edu.au/accfinwp/50 Research Online is the open access institutional repository for the University of
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Accounting Theory Questions 1. what is positive accounting theory? how does it differ from normative accounting theory? what was/were the major dissatisfaction(s) with normative accounting theory which led to the development of a positive theory accounting? 2. Explain the meaning of an efficient market. what is meant by the following terms: weak-form efficiency‚ semistrong-form efficiency‚ strong-form efficiency? which form is the most important to accounting research? why? 3 Explain the important
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references Cho‚ CH & Patten‚ DM 2007‚ ‘The role of environmental disclosures as tools of legitimacy: a research note’‚ Accounting‚ Organizations and Society vol. 32‚ no. 7‚ pp. 639-47. Cormier‚ D‚ Magnan‚ M & Van Velthoven‚ B 2005‚ ‘Environmental disclosure quality in large German companies: economic incentives‚ public pressures or institutional conditions?’ European Accounting Review‚ vol. 14‚ no. 1‚ pp. 3-39. Cowan‚ S & Gadenne‚ D 2005‚ ‘Australian corporate environmental reporting: a comparative
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The Importance of Accounting Theory to the Field Of Accounting The objective of theory is to explain and predict. One of the basic goals of the theory of a particular discipline is to have a well-defined body of knowledge that has been systematically accumulated‚ organized‚ and verified well enough to provide a frame of reference for future actions. The Webster’s definition of theory is the systematically organized knowledge‚ applicable in a relatively wide variety of circumstances‚ a system
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Module 1: Accounting under ideal conditions Ideal conditions; certainty and uncertainty (including differences & similarities)‚ dividend irrelevancy‚ arbitrage‚ accretion of discount‚ abnormal earnings RRA - SFAS69; weaknesses of RRA (relevant but not as reliable) Historical Accounting Revisited mixed measurement model‚ (relatively reliable but lacks relevance)‚ revenue recognition‚ recognition lag Relevance VS Reliability -> tradeoffs (Without ideal conditions‚ complete relevance &
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Standards (IFRS) are a set of accounting standards that can be used to bring about one set financial reporting in the world basis. The necessary of international accounting standards arises from the increasing globalization of business and the growth of capital markets in the world. Therefore‚ there is a large demand for accounting information which can be comparable across companies in different countries. The IFRS is issued by the International Accounting Board Committee and is constantly
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DEVELOPMENT OF ACCOUNTING THEORY IN MALAYSIA LECTURER: DR. ROSMILA SENIK GROUP MEMBERS: AHMAD SABRI IZZAT BIN RAMLI 134918 ROSMALINDA BT ISMAIL 135047 MOHD SHUKRY BIN MD TAIB 134820 ILY IRYANI ISTIHAR 135272 Introduction Studies of accounting development in Malaysia more focus on the politics of
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