FASB essays

FASB essays The owner of capital in AT is a principal or investor who is risk loving or, at worst, risk neutral. To the AT risk lover Bayes Theorem would recommend that accountants supply good information to help investors revise their priors about expected payout (product of probability multiplied by reward) because that is how risk loving investors rank their investment alternatives. To the EMH risk averse investor Bayes Theorem would recommend that accountants supply good information to help investors revise their priors about probability (or risk) because that is how risk averse investors rank their investment alternatives.*SPANSTYLE="MSO-SPACERUN: yes? The argument for EMH and relevance first above reliability *SPANLANG=EN-CA style="COLOR: blue; FONT-SIZE: 7pt"fEcon Cons (Zeff Solomons Ruland) Less NI*FONTSIZE=1 face="Wingdings"*FONTSIZE=1 avoid re scrutiny +govt inter. FASB set stands *FONTSIZE=1 face="Wingdings"*FONTSIZE=1 not only *SPANLANG=EN-CA style="FONT-SIZE: 7pt; mso-bidi-font-size: 10.0pt" a/cN stds *SPANLANG=EN-CA style="FONT-SIZE: 7pt; mso-bidi-font-size: 10.0pt" private int.s *FONTSIZE=1 face="Wingdings"*FONTSIZE=1 social bens +cost= bal..-Process is being abused *SPANSTYLE='MSO-CHAR-TYPE:SYMBOL;MSO-SYMBOL-FONT-FAMILY:WINGDINGS'*FONTSIZE=1 rules *SPANLANG=EN-CA style="FONT-SIZE: 7pt; mso-bidi-font-size: 10.0pt" give/ allow biased info. -flexibility to serve public int. FMT*FONTSIZE=1 *FONTSIZE=1 face="Wingdings"*FONTSIZE=1 problem w/ eco. *SPANLANG=EN-CA style="FONT-SIZE: 7pt; mso-bidi-font-size: 10.0pt" quality of info lesses IT*FONTSIZE=1 *FONTSIZE=1 face="Wingdings"*FONTSIZE=1 supposed to be serven pub int. Solomons: govt = macro econs K goes where it wants to go Ruland*FONTSIZE=1: bal EC + RF professional duty to tell the truth is that investors are trying to figure out future value so the best way to do that is to tell them abou...