Evaluate how research and normative theory impacts accounting education today and the likely impact that more research may have on the accounting profession.

While research evidence indicates that historical cost valuation methods are often irrelevant discuss why the accounting profession has a difficult time moving away from it and toward valuation methods that research methods have proven more relevant

Evaluate corporate management's comfort level with stable earnings trends and identify what you believe is the most significant factor that contributes to this level of comfort.

Discuss several methods that business managers might use to smooth earnings. Do you agree that smoothing earnings is an acceptable accounting practice? Explain your answer.