The text provides a comprehensive introduction to the basic accounting statements and techniques. It then uses present values and expected values to develop the benchmark of normal earnings and explain the importance of generating abnormal earnings.
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Rick Antle, Associate Dean of the Yale School of Management, received his Ph. D from Stanford University. Professor Antle is an expert on many facets of accounting. His academic research has been on such diverse topics as auditor independence, the reporting of business income, the use of information in capital budgeting decisions, the compensation of corporate executives, the incentives of auditors and the structure of CPA firms. He has served as a consultant in matters involving auditor independence, compensation, the proper application of accounting methods, auditing standards and capital budgeting.
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