one of the criticism of the positive ac
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- QUESTION 1 Which of the following is not a behaviour bias? a. Prospect theory b. Conservatism C. Framing e. Mental accounting Regret avoidanceIf a particular accounting choice is considered aggressive in nature, then the fi nancialperformance for the current period would most likely :A . be neutral.B . exhibit an upward bias.C . exhibit a downward bias.According to Cheffers and Pakaluk, ethical accounting is a [insert best word from below] for the markeplace. Pain Punishment O Watchdog Corruption
- How does subjective accounting policies at General Electric assist in hiding poor decision-making results on the Income Statement and Balance Sheet?Having inaccurate financial statements that can harm society would correspond with the ethical perspective of distributive justice. DiscussWhat is the concept of conservatism in accounting and why is it important? Discuss the potential drawbacks of applying conservatism too strictly.
- PLEASE DO NOT REJECT AND SHOW ME THE SOLUTION IN GOOD ACCOUNTING FORM.Financial analysis is significant because it a. Ignores qualitative aspect b. Judges operational efficiency c. Suffers from the limitations of financial statements d. It is affected by personal ability and bias of the analysisDiscuss the importance of ethical behavior in accounting and the consequences of unethical behavior.
- Explain what is meant by adverse economic consequences of new or changed accounting standards.Which of the following is correct criticism on the positive accounting theory? O a. It gives prescriptions for accounting practice of the company. O b. It misleads the stock market by manipulating the earnings. O c Its earnings numbers prepared according to a single basis. O d. It says something about good or bad accounting policy of the company.Which of the following statements is true? Select one: 1.Non-financial measures may reflect drivers of future financial performance. 2.Non-financial measures are not consistent with contemporary management accounting. 3.Non-financial measures are more difficult to action. 4.Non-financial measures are more difficult to understand.