Questions and answers about the accounting part 1
1.) Explain the definition of accounting theory that best fits you think, and what learning goals?
Accounting Theory is a comprehensive system which include postulates and theories related to it. Elements of the basic postulates or assumptions, definitions, accounting purposes, principles or standards and procedures or methods that can explain and predict phenomena existing accounting.
The purpose is studying Accounting Theory
(1) Explain why the specific methods used by certain companies.
(2) Predicting the accounting phenomenon has not been observed.
(3) All parties with an interest in accounting requires the theory, because the theory can explain the real world to more intuitively appealing, and have the power to predict better. Thus, the importance of the theory is that it is useful to maximize the prosperity of the ruling parties above.
2.) Explain the conceptual framework of (conceptual frame work) according to the brothers, and also mentioned the publication of what is included conceptual framework of these!
Is a conceptual framework of the constitution, a coherent system of relationships between the objectives and fundamentals that can drive consistent standards and that explains the nature, function, and limitations of financial accounting and financial statements. Or is the conceptual framework of concepts that ever existed, was chosen to be a guide or reference.
Conceptual framework of the publications included are ASOBAT; SFAC no. 1, 2, 3, 5, 6 and FRS.
3.) From some publication of the American Accounting Association, ASOBAT seen as the first publication referenced accounting theory. Explain!
Accounting born with the intent and purpose is to provide services to users in the form of financial information needed for decision-making and accounting is present because of the demands of the business needs. In formulating the theory of accounting financial reporting purposes is the main base, because the goal is to be realized by the science of accounting. ASOBAT published by AAA in 1966 was the first publication of a study about the purpose of the financial statements that can be used as a reference ASOBAT accounting theory first published.
4.) In the traditional approach to formulate the theory of accounting known nonteoritis approach. Explain your opinion!
Nonteoritis approaches usually a pragmatic approach (practical) and authoritarian (authoritarian). The pragmatic approach consists of theory development is characterized by adjustments to the actual practice is beneficial to provide a means of practical solutions. In this nonteoritis approach based formulation of accounting theory practice field. Here consideration is what things are useful to solve practical problems. According to this approach is the accounting principles used are based on their usefulness for the users of the financial statements and their correlation with the decision making process.
5.) What do we know about the efficient market hypothesis, and the level of market efficiency by Fama (1970).
According to Fama, the efficient market will be formed if:
No transaction costs in stock trading.
All information is provided free of charge to all market participants.
All agreed terhadapa implications of current information on the current price and the future price distribution will come from any stock price.
1.) Explain the definition of accounting theory that best fits you think, and what learning goals?
Accounting Theory is a comprehensive system which include postulates and theories related to it. Elements of the basic postulates or assumptions, definitions, accounting purposes, principles or standards and procedures or methods that can explain and predict phenomena existing accounting.
The purpose is studying Accounting Theory
(1) Explain why the specific methods used by certain companies.
(2) Predicting the accounting phenomenon has not been observed.
(3) All parties with an interest in accounting requires the theory, because the theory can explain the real world to more intuitively appealing, and have the power to predict better. Thus, the importance of the theory is that it is useful to maximize the prosperity of the ruling parties above.
2.) Explain the conceptual framework of (conceptual frame work) according to the brothers, and also mentioned the publication of what is included conceptual framework of these!
Is a conceptual framework of the constitution, a coherent system of relationships between the objectives and fundamentals that can drive consistent standards and that explains the nature, function, and limitations of financial accounting and financial statements. Or is the conceptual framework of concepts that ever existed, was chosen to be a guide or reference.
Conceptual framework of the publications included are ASOBAT; SFAC no. 1, 2, 3, 5, 6 and FRS.
3.) From some publication of the American Accounting Association, ASOBAT seen as the first publication referenced accounting theory. Explain!
Accounting born with the intent and purpose is to provide services to users in the form of financial information needed for decision-making and accounting is present because of the demands of the business needs. In formulating the theory of accounting financial reporting purposes is the main base, because the goal is to be realized by the science of accounting. ASOBAT published by AAA in 1966 was the first publication of a study about the purpose of the financial statements that can be used as a reference ASOBAT accounting theory first published.
4.) In the traditional approach to formulate the theory of accounting known nonteoritis approach. Explain your opinion!
Nonteoritis approaches usually a pragmatic approach (practical) and authoritarian (authoritarian). The pragmatic approach consists of theory development is characterized by adjustments to the actual practice is beneficial to provide a means of practical solutions. In this nonteoritis approach based formulation of accounting theory practice field. Here consideration is what things are useful to solve practical problems. According to this approach is the accounting principles used are based on their usefulness for the users of the financial statements and their correlation with the decision making process.
5.) What do we know about the efficient market hypothesis, and the level of market efficiency by Fama (1970).
According to Fama, the efficient market will be formed if:
No transaction costs in stock trading.
All information is provided free of charge to all market participants.
All agreed terhadapa implications of current information on the current price and the future price distribution will come from any stock price.
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