Questions -
1. Discuss five factors that may be employed to determine if a particular financial instrument is a debt or equity security.
2. Discuss the framework for analysis that may be used in the resolution of ethical dilemmas
3. Discuss the entity and parent company theories of consolidation.
4. What are accounting changes and why is it an issue. Describe the three types of accounting change
5. Discuss the IASB-FASB Norwalk agreement. Discuss how the FASB and the IASC acted to improve comparability under the Norwalk Agreement.
6. Discuss DR Scott's hierarchy of postulates and principles.
7. Discuss the use of the fair value option originally described in SFAS No. 159 now contained at FASB ASC 825-10.
8. Discuss the concept of simple vs. complex capital structures and how it relates to the reporting of earnings per share.