Problem 1: Evaluate how research and normative theory impacts accounting education today and the likely impact that more research may have on the accounting profession.
Problem 2: While research evidence indicates that historical cost valuation methods are often irrelevant discuss why the accounting profession has a difficult time moving away from it and toward valuation methods that research methods have proven more relevant
Problem 3: Evaluate corporate management's comfort level with stable earnings trends and identify what you believe is the most significant factor that contributes to this level of comfort.
Problem 4: Discuss several methods that business managers might use to smooth earnings. Do you agree that smoothing earnings is an acceptable accounting practice? Explain your answer.