Chapter 01 - 005 Flashcards
0
Q
Why is accounting analysis important?
A
Z
1
Q
Accounting analysis
P12
A
- a process of …
2. is done by …
2
Q
Accounting limitations
P12
A
- While accounting principles are …
- Most accounting standards evolve as …
- Error from …
3
Q
Why should we be concerned about accounting limitations?
P12
A
- Affect the …
- Yield …
- 2.
4
Q
Comparability problems
A
- Arise when …
2. Also arise when …
5
Q
Accounting distortion
A
1.are deviations …
2.occur in 3 forms …
1.
2.
3.
6
Q
Accounting risk
P13
A
Z
7
Q
A major goal of accounting analysis and what needs to be done to meet this goal?
P13
A
A
8
Q
Accounting analysis includes
A
1.
2.
9
Q
Evaluation of earnings quality
A
requires …
10
Q
Problems associated with accounting analysis and why?
A
Z
