1. Discuss Pros and cons of current GAAP for balance sheet preparation.
2. Discuss Pros and cons of current GAAP for income statement preparation.
3. Discuss the following topics on accounting manipulations:
a. What are accounting manipulations?
b. What are the motivations/ reasons for accounting manipulations?
c. What are popular means of accounting manipulations?
d. What are economic consequences of accounting manipulations?
4. Discuss the following topics on the quality of accounting earnings.
a. Define the quality of earnings information.
b. How to measure the quality of earnings information.
c. How to consider the earnings information quality for investment decisions
Length: about 10 pages with double spaces and font size of 12.