Honors Financial Accounting 2
Semester Spring 2019
Instructor Information
Instructor: Professor D. Schroeder
Office: 424 Fisher Hall
Email: schroeder.9@osu.edu
Phone: 614-292-6427
Office Hours: 10:00-11:00 MW
Course Information
Classroom/Times: 11:10-12:30 MWF in Gerlach 210
Group Assignments: listed at the bottom of this page
Honors class photo
NOTICE: at the beginning of class, each group is responsible for submitting one copy of their written analysis of the example(s) for the day’s discussion. Retain copies for each group member to facilitate discussion, the write-ups will not be returned.
Course materials (current):
- Ralph’s Economic Income
- Ralph’s structure
- Notes on directed graphs
- Ralph’s Income
- Ralph’s nonseparable valuation
- CD ch.1, CD ch.2, CD ch.3, CD ch.5, CD ch.7
- Ralph’s income benchmark
- Arya, Fellingham, Glover, Schroeder, and Young, 1996, “Income and efficiency in incomplete markets,” working paper.
- Ralph’s probability assignment
- ch 4 Maximum entropy distributions
- Ralph’s information partition
- Bayesian Ralph
- Ralph’s normal fallacy
- Demski and Fellingham, 2010, Ralph’s mind projection fallacy
- Ralph’s information cascade
- Ralph’s dual accruals A
- Notes: best depreciation schedules – accruals as statistics
- Demski, Fellingham, Lin, and Schroeder, “On the role of accruals,” working paper, 2007.
- Ralph’s information paradox
- Antle, Demski, and Ryan, 1994, “Multiple sources of information, valuation, and accounting earnings,” Journal of Accounting, Auditing & Finance, 675-696.
- Ralph’s long-run frame
- Kelly, J. 1956, “A new interpretation of information rate,” The Bell System Technical Journal, July, 917-926.
- Ralph’s equilibrium probability assignment
- Ralph’s long-run incentives
- Ralph’s smoothing incentives
- Ralph’s project information
- Ross, 2015, “The recovery theorem,” Journal of Finance, April, 615-648.
- Schroeder, “Information Synergy part 1: The Kelly-Ross theorem,” working paper, 2014.
- Ralph’s fundamental accounting
- Fellingham and Lin, “Is accounting an information science?” working paper, 2018.
- Ralph’s long-run quantum accounting
- Ralph’s Density Operator
- Fellingham, Lin, and Schroeder, “Quantum entropy and accounting,” working paper, 2018.
- Ralph’s rationing and taxes
- Arya, Glover, and Mittendorf, 2006, “Taxes and the efficiency-rent extraction trade-off,” Journal of Public Economic Theory, 741-760,
- Ralph’s RPE
- Ralph’s excess
- Demski, Fellingham, Lin, and Schroeder, 2008, “Interaction between productivity and measurement,” Journal of Management Accounting Research, 169-190.
- summary of quantum operator rules
- Ralph’s dual accruals B
- Demski, Fellingham, Lin, and Schroeder, “On the role of accruals,” working paper, 2007.
- Ralph’s implicit incentives
- Arya and Mittendorf, 2008, “The benefits of aggregate performance metrics in the presence of career concerns, December working paper.
- Ralph’s earnings management A
- Arya, Glover, and Sunder, 1998, “Earnings management and the revelation principle,” Review of Accounting Studies, 7-34.
- Ralph’s earnings management B
- Demski, 1998, “Performance measure manipulation,” Contemporary Accounting Research, 261-285.
- Ralph’s Accounting Reserves
- Prisoner’s dilemma
- Demski, 2004, “Endogenous expectations,” The Accounting Review, 519-539.
- Ralph’s regulation
- Christensen and Demski, 2007, “Anticipatory reporting standards,” Accounting Horizons, 351-370.
- Ralph’s asset revaluation regulation
- Demski, Lin, and Sappington, 2008, “Asset revaluation regulation,” published as “Asset revaluation regulation with multiple information sources,” The Accounting Review 83 (4), 869-891.
- Ralph’s strategic disclosure
- Arya, Mittendorf. forthcoming, “The interaction between corporate tax structure and disclosure policy,” Annals of Finance.
- Darrough, 1993, “Disclosure policy and competition: Cournot and Bertrand, The Accounting Review, July, 534-561.
- Ralph’s sanitization
- Ralph’s binomial sanitization
- Shin, 1994, “News management and value of the firm,” The Rand Journal of Economics, Spring, 58-71.
- Shin, 2003, “Disclosures and asset returns,” Econometrica, January, 105-133.
- Shin, 2006, “Disclosure risk and price drift,” Journal of Accounting Research, May, 351-379.
- Ralph’s beauty contest
- Morris, Shin, 2002, “Social value of public information, American Economic Review, December, 1521-1534.
- Ralph’s employee stock options (parts A and B)
- Cox, Ross, and Rubinstein, 1979, “Option pricing: A simplified approach,” Journal of Financial Economics.
- Rubinstein. 1994, “On the accounting valuation of employee stock options”
- Ralph’s financial statement analysis
- Notes on a directed graph analysis of the cash flow statement
- Arya, Fellingham, Glover, Schroeder, and Strang, 2000, “Inferring transactions from financial statements,” Contemporary Accounting Research, 365-385.
Course materials (archived):
- Notes: accounting is an information system choice
- Ralph’s accruals & debt
- Watts, 1992, “Accounting choice theory and market-based research in accounting,” British Accounting Review, 235-267.
- Schroeder, 1995, “Evidence on negative earnings response coefficients,” Journal of Business Finance & Accounting, 939-959.
- Ralph’s R&D Analyst
- Feltham and Ohlson, 1995, “Valuation and clean surplus accounting for operating and financial activities,” Contemporary Accounting Research, 689-731.
- Ralph’s dual accruals (old version)
- Arya, Fellingham, and Schroeder, 2002, “Depreciation in a model of probabilistic investment,” The European Accounting Review, 681-697.
- Benston, Bromwich, and Wagenhofer. 2006. “Principles- versus rules-based accounting standards: The FASB’s standard setting strategy,” Abacus 42, No. 2.
- Bogoslaw, 2008, “Global accounting standards? Not so fast,” Business Week (November 13).
- Ralph’s equity investment
- Notes on accounting for mergers & acquisitions
- Ralph’s vertical integration
- Arya, Fellingham, and Schroeder, 2004, “Aggregation and measurement errors in performance evaluation,” Journal of Management Accounting Research, 93-105.
- Ralph’s international operations
- Haldeman, 2006, “Fact, fiction and fair value accounting at Enron,” CPA Journal, November.
- FAS Statement 157 vignettes
- KPMG, May 2008, “IFRS compared to U. S. GAAP: An overview.”
- Coval, Jurek, and Stafford, Winter 2009, “The Economics of Structured Finance.”
- SFAS 157 Fair Value Measurements, FASB, amended 2008.
- Proposed staff position to amend FAS 157, FASB, 2009.
Group assignments:
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