2 QUESTION

1.The current operating performance and the all-inclusive views of income MUST produce the same bottom-line (income). Do you agree or disagree, and why?

2The cash flow statement emerged from corporate practices before being mandated by accounting standard setters. Do you agree or disagree with the previous statement, and why?

3- The cash flow statement emerged from corporate practices before being mandated by accounting standard setters. Do you agree or disagree with the previous statement, and why?

4-FASB-IASB have set a proposed statement of financial position and cash flows statement. Show the key changes between the ongoing statement of financial position and cash flow statement and the proposed ones.?

5-Do you think CAPM or the Efficient Market Hypothesis better predicts the market reactions to accounting information. Choose ONLY one and defend your stance. ?

6- There are a number of ways of mitigating the principal-agency problem. Discuss the statement. ?