NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote
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: 7 pt " f Econ Cons (Zero 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 &# 61664; SPANLANG = EN-CA style = "FONT-SIZE: 7 pt; mso-bidi-font-size: 10. 0 pt" a / c N stds &# 61664; SPANLANG = EN-CA style = "FONT-SIZE: 7 pt; mso-bidi-font-size: 10. 0 pt" 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-F AMILY: WINGDINGS' FONTSIZE = 1 rules &# 61664; SPANLANG = EN-CA style = "FONT-SIZE: 7 pt; mso-bidi-font-size: 10. 0 pt" give/ allow biased info. -flexibility to serve public int. FMT FONTSIZE = 1 FONTSIZE = 1 face = "Wingdings" FONTSIZE = 1 problem w/ eco. &# 61664; SPANLANG = EN-CA style = "FONT-SIZE: 7 pt; mso-bidi-font-size: 10. 0 pt" quality of info lesses IT FONTSIZE = 1 FONTSIZE = 1 face = "Wingdings" FONTSIZE = 1 supposed to be server pub int. Solomons: govt = macro econ's 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 about current value. The argument for AT and reliability first above relevance is that investors are looking for verifiable information that reveals contingent predictability because they live in a world where everyone lies. Hence historical cost information, the hardest and most verifiable of all, is preferred, especially if it's audited. Society at large pays for the production of good accounting information and the deal is that society at large should also benefit from it in a free market.
In an AT and EMH world this better be wealth, in an IT world it can be trust too. Bibliography:
Free research essays on topics related to: 61664, font size, risk averse, investors, font
Research essay sample on Font Size Risk Averse
