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1) Discuss Ball and Brown (1968) research design, main findings, and its significance. 2) List and explain the Ohlson's clean surplus formula and OJ residual

1) Discuss Ball and Brown (1968) research design, main findings, and its significance.

2) List and explain the Ohlson's clean surplus formula and OJ residual income valuation model.

3) Explain the concepts of historical accounting principle and the current value accounting principle, what are the two measurements for current value accounting, and compare these two principles regarding their decision usefulness for investors.

4) What is earnings management and what are possible motivations for earnings management?

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1 In 1968 Raymond Ball and Phillip Brown published An empirical evaluation of accounting income numbers in the Journal of Accounting research The Ball and Brown research transformed the study of accou... blur-text-image
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