Beruflich Dokumente
Kultur Dokumente
Course Objective
Financial Analysis
y
or ACCT 224 Financial Reporting
p
g and Analysis
y
Hopefully, this course will also help you to develop skills to think
Instructor:
Professor Holly Yang
Address: 4021 School of Accountancy
Phone: 6808-5447
e-mail: hollyyang@smu.edu.sg
Course Website: http://elearn.smu.edu.sg
Office Hours:
Wednesday, 23 p.m. or by appointment.
Course Materials:
- Textbook: Financial Accounting Theory by W.R.
W R Scott,
Scott Prentice Hall
Hall,
2015 (7th Edition)
Grading:
Classroom Professionalism
Classroom Contributions (individual and group)
Midterm Exam
Term Paper
Term Paper Presentation
Final Exam
5%
10%
15%
10%
10%
50%
100%
Form your group and sit with them for the remaining
term. (Max 6 people)
Before class
R d th
Read
the required
i d readings
di
After class
Academic Integrity
Ideal Conditions
P f t and
Perfect
d complete
l t markets
k t
No information asymmetry
Thi iis th
This
the fifirst-best
t b t setting
tti
Information Asymmetry
Relax
R l ideal
id l assumptions
ti
iinformation
f
ti relevant
l
t tto
evaluate the firm is not costlessly available.
Disagree (logic)
Un-observability of actions
Consequences of moral hazard problems
i.e. Non-ideal
Ad
Adverse
selection
l ti problem
bl
Information Perspective
Measurement Perspective
M k t ffailures
Market
il
The challenge