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Formerly Graduate
School of Industrial Administration (GSIA)
William Larimer Mellon, Founder
Schenley Park
Pittsburgh, Pennsylvania 15213-3890
United States of America |
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Pierre Jinghong Liang
Associate Professor of Accounting
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Accounting and Information Economics
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Graduate School of Industrial Administration
Carnegie Mellon University
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Instructor: Pierre Jinghong Liang |
Downloading Syllabus-Summer
2000
Downloading Syllabus-Fall
2001 Downloading Syllabus-Fall
2002 |
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Required Texbook: Accounting Theory :
An Information Content Perspective
by John Asmus Christensen and Joel S. Demski
Publisher: Irwin/McGraw-Hill; ISBN: 0072296917; (May 2002) |
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| Course Objectives: |
| Part I: This course provides an introduction
to an information content theme in accounting theory. This means we view
accounting as a source of information. More broadly, this course focus
on information questions with an economic orientation. We begin with
some preliminary work on classical settings with certainty, where accounting
is easy but moot. Then uncertainty is introduced so accounting becomes
difficult but interesting. From an economic perspective, (accounting)
information questions begin with the question of usage. Here an economic
analysis almost always begins with expected utility representation and
introduces information through probabilities. We would spend some time
to re-familiarize ourselves with notions of ordinal utility, (subjective)
probabilities and expected utility. General theorems of information source
comparison (e.g., Blackwell Theorem) and information signal comparison
(e.g., MLRP) are discussed. Next, we emphasize on two important uses
of accounting information: valuation and stewardship uses and on their
fundamental conflict. We ask accounting questions on how the informational
aspects (covariance, likelihoods) of accounting signals affect market
or non-market interactions. Last, we preview the structural aspects (recognition,
accruals, etc.) of accounting construction and what's possible under
this information content perspective. |
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