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Soal Minggu ke 4 dari Chapter 9

1.

What is positive accounting theory? How does it differ from normative
accounting theory? What was/were the major dissatisfaction(s) with normative
accounting theory which led to the development of a positive theory of
accounting?

2.

Explain the meaning of an efficient market. What is meant by the following
terms: weak-form efficiency, semistrong-form efficiency and strong-form
efficiency? Which form is the most important to accounting research? Why?

3.

Why would share prices have a greater reaction to the profit announcements
released by small firms compared with those released by large firms? Do you
think this research has any implications for ‘measurement’ issues in
accounting or to the regulation of accounting standards?