Accounting Theories

  Understand the efficient market hypothesis and its implications for financial reporting. Explore the reasons why there is not a single theory of accounting. Demonstrate your understanding of the implications of the efficient market hypothesis. Clearly communicate your thoughts and ideas in a clear and concise manner. Write persuasively in a document that is free of spelling and grammatical errors. Assignment: In a 2-3 page, double-spaced paper, explain the efficient market hypothesis in your own words. What are the implications of the efficient market hypothesis on accounting standard setting and financial reporting?