Positive Accounting TheoryDesigned for the senior/grad level course in accounting theory or advanced topics courses. |
Common terms and phrases
abnormal rate abnormal returns accepted accounting changes accounting procedures accounting researchers actions annual earnings assets associated assume assumption audit auditor average Ball benefits bonus plans calculated capital cash flows changes Chapter choice coefficient compensation consistent contracts corporate costs debt debt contracts debt/equity demand depends depreciation earnings announcement economic empirical equation estimated evidence example existing expected explain firm's firms follow future given Hence higher hypothesis incentives increase individuals industry interest inventory investment larger less LIFO literature manager's managers measure method month negative numbers observed percent period political political costs political process portfolio positive powerful practice predict present probability problem produce rate of return ratio reason reduce regulation relation relative reported researchers restrict risk sample share significant standard stock price effects studies suggests Table tests theory transfer unexpected earnings variables variance wealth