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Financial Accounting Theory

This class was created by Brainscape user Aaron L. Visit their profile to learn more about the creator.

By: Aaron L
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Decks in this class (12)

Lecture 1: Objective of Financial Reports
Objectives of financial reports,
What is information asymmetry,
What is adverse selection what ob...
19  cards
Lecture 2 - Recognition
Recognition criteria,
Why is there a skewness of asset ...,
Intangibles recognition criteria
12  cards
Lecture 3 - Measurement
4 reasons for historic costpsrc,
4 reasons against historic costmarr,
What is the additivity problem
20  cards
Lecture 4 - Income Reporting and Classification
Why can we not know the true valu...,
What is the asset liability way o...,
What is the revenue expense way o...
17  cards
Lecture 5 - Ratio Analysis
How to calculate roce,
What is the average roe over the ...,
Which profits do we use
26  cards
Lecture 6 Valuation
What is a levered valuation,
What is unlevered valuation,
What is the dividend discount mod...
14  cards
Lecture 7 - Valuation (Free cash flow)
What is free cash flow,
Unlevered vs levered fcf,
Steps for a discounted free cash ...
15  cards
Lecture 8 - Earnings Management
Define earnings management,
Real decisions 3 different levels...,
Accounting choices
9  cards
Lecture 9 - Efficient Markets
What is efficient market,
How do market prices fully reflec...,
3 consequences for risk averse in...
20  cards
Lecture 10 - Contracting
Discuss why are incentives in con...,
How do we measure effort,
What are the 2 types of measures ...
14  cards
Lecture 11 - Economics of Voluntary Disclosure and Regulation
What is the best amount of inform...,
2 benefits of information production,
3 costs of information production
17  cards
Measurement and Recognition
How are inventories measured,
How is ppe measured,
How is goodwill measured
16  cards

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Financial Accounting Theory

  • Class purpose General learning

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