ACCT 512 (ACCT512)

For many people, the shareholder perspective is perhaps the most familiar measure of competitive advantage for publicly traded firms. What are some of the disadvantages of using shareholder value as the sole point of view for defining competitive advantage? Any examples to illustrate your point(s)?

In planning the audit, your team is attempting to develop expectations for planning purposes on the financial information for prior years and your knowledge of the business and the industry. As the auditor, it is up to you to determine the expectation. You will use your best judgment to do so. You will use your knowledge of economics, how business operates (in general) and the nature of how costs behave (management accounting courses). As a team, ask yourself the questions below. In auditin...