Textbook Notes for Ahmed E Hassan

QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 12: Public Good, Indirect Costs, Freeriding

OC754456 Page
21 Jan 2016
59
We view standard setters as mediators between conflicting interests of investors and managers. First-best amount of information production: amount of i
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 3: Financial Statement, Rational Expectations, Cash Flow

OC754453 Page
9 Feb 2016
68
Present value model can"t be used to generate a complete set of financial statements. Decision usefulness: the ability of financial accounting informat
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 5: Financial Statement, Cash Flow, Risk Measure

OC754453 Page
9 Feb 2016
68
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM318 Chapter 2: Accounting Under Ideal Conditions

OC754453 Page
21 Jan 2016
27
Dividend irrelevancy: with perfect market conditions, the timing of dividend payment isn"t important. Reliable: since perfect info is given, it"s impos
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 6: Autocorrelation, Motivated Reasoning, Financial Statement

OC1153312 Page
6 Apr 2016
26
Intent enable beter predicions of this performance by means of a more informaion informaive system. If its going to be useful to investors, increased r
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 13: Adverse Selection, Regulation Fair Disclosure, Vestment

OC754454 Page
25 Jan 2016
89
Public interest theory: regulation is a response to public demand for correction of market failures for more information. The idea is to maximize socia
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 4: Noise Trader, Efficient-Market Hypothesis, Market Price

OC1153315 Page
6 Apr 2016
23
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 9: Earnings Management, Moral Hazard, Agency Cost

OC1153316 Page
6 Apr 2016
45
Agency theory, as a branch of game theory, which studies the design of contracts between principal and agent (e. g. management) that moivate the agent
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 5: Abnormal Return, Net Income, Income Statement

OC1153316 Page
6 Apr 2016
30
Accouning informaion has value relevance when security prices respond to accouning informaion. Empirical evidence irst provided by ball and brown in 19
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QUEEN'SCOMM 318Ahmed E HassanWinter

COMM 318 Chapter Notes - Chapter 2: Standard Cost Accounting, Historical Cost, Dividend Policy

OC1153313 Page
6 Apr 2016
25
Provides utmost in relevant informaion to inancial statements: relevant informaion: informaion about the irm"s future economic prospects (dividends, ca
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