Authors and People
Previous Lectures
Pop Culture
Earnings Management
General Accounting
100
This professor currently teaches business 421 and 428. (First and last name)
Who is Kim Trottier?
100
When the current share price represents all publicly available information.
What is efficient market hypothesis?
100
Goes by the name of Drizzy, Champagnepapi, and holds several music records.
Who is Drake?
100
When managers take advantage of periods with small losses by increasing the size of the loss in the current period through earnings management so as to increase future earnings.
What is taking a bath?
100
The decrease in the value of a physical asset over its useful life.
What is depreciation?
200
This person created a famous and revolutionary model for detecting earnings management by looking at accruals, then vanished from the academic circle.
Jennifer Jones
200
Role of financial accounting in moderating information asymmetry between contracting parties. Assumes that managers are rational, just like investors.
What is Efficient contract theory?
200
The newest member of the British Royal Family?
Who is Archie?
200
A moral theory of never engaging in an action that would harm another.
What is idealism?
200
Represented by: Assets = Liabilities + Shareholder’s Equity
What is the accounting equation?
300
He is credited with developing the double entry accounting system.
Luca Pacioli
300
When managers choose accounting policies to maximize their own expected utility.
What is opportunism?
300
This politician's hair was recently compared to a fashionable corn husk.
300
These terms may also be heard on a golf course, and represent the threshold in which managers may choose to use income minimization for bonus purposes.
What are cap & bogey?
300
This formula represents a way of measuring a firm's ability to meet its short term obligations with its most liquid assets. CA - Inventory / CL formula
What is the acid-test/quick ratio?
400
These researchers studied the impact on share prices of good and bad news earnings announcements in 1968.
Who are Ball & Brown?
400
This contract between the firm and managers aligns the interests of the organization and the manager.
What is an executive compensation plan?
400
The upside down.
What is Stranger Things?
400
A non-mandatory expense that is often recorded on the books before is has been incurred such as management bonuses.
What are discretionary accruals?
400
A financial debt instrument secured by real property.
What is a mortgage bond?
500
This man introduced to concept of an invisible hand guiding markets.
Who is Adam Smith?
500
Often associated with the prisoner's dilemma in game theory, this beautifully minded mathematician also has the predicted outcome of a prisoner's dilemma named after himself.
Who is John Nash?
500
This breed of dog has the shortest legs and big ears.
What is a Corgi/Dachshund?
500
Accruals that can be used for earnings management by writing off assets.
What is depreciation/amortization?
500
This IFRS requirement recognizes leases that were previously off-balance sheet.
What is IFRS 16?