...of the statements.? 1. Managers choose accounting procedures that produce the most accurate picture of the company's operating performance & financial condition.
2. US accounting standards are influenced more by politics than by science or economics.
3. If the FASB & SEC were around to require & enforce minimum levels of financial disclosure, most companis would provide little (if any) information to outsiders.
4. When managers possess good news about the firm (that is info that will increase the stock price), they have an incentive to disclose the info as soon as possible.
5. When managers possess bad news about the company (info that will decrease the stock price), they have an incentive to delay disclosure as long as possible.
6. An investor who uses fundamental analysis for investment decisions has little need for financial statement information.
7. An investor who believes that capital markets are efficient has little need for financial statement information.
8. Managers who disclose only the minimum information required to meet FASB & SEC requirements may be doing a disservice to shareholders.
9. Financial statements are the only source of information analysts use when forecasting the company's future profitability & financial condition.
2. US accounting standards are influenced more by politics than by science or economics.
3. If the FASB & SEC were around to require & enforce minimum levels of financial disclosure, most companis would provide little (if any) information to outsiders.
4. When managers possess good news about the firm (that is info that will increase the stock price), they have an incentive to disclose the info as soon as possible.
5. When managers possess bad news about the company (info that will decrease the stock price), they have an incentive to delay disclosure as long as possible.
6. An investor who uses fundamental analysis for investment decisions has little need for financial statement information.
7. An investor who believes that capital markets are efficient has little need for financial statement information.
8. Managers who disclose only the minimum information required to meet FASB & SEC requirements may be doing a disservice to shareholders.
9. Financial statements are the only source of information analysts use when forecasting the company's future profitability & financial condition.