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A Welfare Comparison Of Historical Cost And Fair Value Accounting Regimes, Palmer Edholm
A Welfare Comparison Of Historical Cost And Fair Value Accounting Regimes, Palmer Edholm
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
With ongoing controversy concerning fair value and historical cost accounting, existing accounting theory is focused on intra-firm decision making and is thus deficient in addressing the issue of maximizing social welfare. I propose models of historical cost and fair value accounting regimes which are embedded in models of monopoly and oligopoly. This allows for social welfare implications. I find that historical cost results in greater expected profits for both monopolists and oligopolists. However, if the market is elastic enough, a fair value regimes is welfare enhancing. Whereas, if the market is inelastic enough, historical cost is welfare enhancing.
Personal Intern Experience Assessment, Jacob Reed
Personal Intern Experience Assessment, Jacob Reed
Undergraduate Honors Capstone Projects
I am a senior, finishing up the last accounting class for my undergraduate degree in accounting. I recently completed an internship with PwC in the McLean, Virginia office. At PwC, I was an assurance intern primarily responsible for assisting my engagement teams by performing tests around financial statement line items such as 'cash.' I learned quite a bit about the PWC process for auditing these items because I performed these same procedures on six different clients.
My role as an intern was to perform uniform tasks that needed to be done on each engagement, and when I was done I …
Tax Challenge Working Papers, Hal Allen
Tax Challenge Working Papers, Hal Allen
Undergraduate Honors Capstone Projects
My thesis project for my honors degree consisted of preparing working papers for the tax challenge team in the Accounting department of the College of Business. The Tax Challenge team has competed two years ago in the Anderson Tax Challenge and then the Deloitte & Touche Tax Challenge this last year. The tax challenge team has begun to build a credible reputation for the tax program at Utah State University. The last two years the graduate tax team was one of the top six teams in the nation. Dr. Grange is the tax challenge advisor and is working hard to …