in this chap 2. If different user groups do have different objectives, how might the situation be handled? as the basis
in this chap 2. If different user groups do have different objectives, how might the situation be handled? as the basis
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Do #2 in Critical Thinking and Analysis

Transcribed Image Text:1.
infor-
admittedly heterogeneous
mation needs in terms of their underlying objectives. State as carefully as you can
(a) why the user groups have largely diverse information needs and (b) why the
user groups may have relatively similar information needs. Do you think user
diversity or different user objectives present the greater problem for accounting
standard setters?
different user preferences do you see among the various user groups?
2. Using the different valuation methods discussed in Appendix 1-A, what possible
Critical Thinking and Analysis
1. Do you see an evolutionary process involving the documents and reports presented
in this chapter? Explain.
2. If different user groups do have different objectives, how might the situation be
handled?
3. Williams and Ravenscroft (2015) question decision usefulness as the basis for
accounting standards. Take a position and argue its merits.
4. What are the implications of Young (2006) on the standards promulgated by
standards-setting bodies?
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