Positive Accounting TheoryDesigned for the senior/grad level course in accounting theory or advanced topics courses. |
Common terms and phrases
abnormal rate abnormal returns accounting changes accounting earnings accounting numbers accounting procedures accounting researchers accounting standards agency costs analysis annual earnings assets associated assumption audit auditor average Ball and Brown bonus plans CAPM ceteris paribus changes in accounting Chapter clients coefficient compensation plans consistent corporate covenants debt contracts debt/equity ratio depreciation disclosure earnings announcement earnings changes economic efficient markets hypothesis empirical equation estimated evidence example explain FASB GAAP GPLA Hence incentives industry inventory of payable investigate investors Kaplan and Roll LIFO literature manager's mandated changes market failure market value mechanistic hypothesis method net present value null hypothesis operating cash flows owner-manager Pastena payable funds percent period political costs political process portfolio predict procedure choice quarterly earnings random walk rate of return reduce regulation reported earnings risk sample shareholders significant stock price changes stock price effects studies switch unexpected earnings variables variance Watts and Zimmerman wealth transfers