path‚ wishful thinking may be winning the day over faithful representation.”1 Earnings management means manipulating reported earnings so that they do not accurately represent economic earnings at every point in time. Earnings smoothing is a special case of earnings management involving intertemporal smoothing of reported earnings relative to economic earnings; it attempts to make earnings look less variable over time. Earnings smoothing is extensively documented (see Beidlerman 1973; Bannister
Premium Random variable Probability theory Stock market
Objective opinion text: Why choose Iphone? A lot of People argue that they own the best smartphone‚ whether it’s a BlackBerry‚ HTC‚ or the latest from Anroid. But‚ the Iphone has always been at the top so far. It’s been about four years that AppleInc has revealed the original Iphone and ever since they have sold over 108 million devices. But‚ why is the Iphone so popular? First of all‚ this SmartPhone has a large market‚ a huge fan following and it’s own store called the «AppStore»‚ that
Premium Apple Inc.
Water Study Guide Chapters 15-17 Chapter 15. Graduation 1. Describe Ruth’s graduation from high school and her feelings about leaving Suffolk. Ruth tries to attend her graduation‚ not just because she wants to‚ but because attending became a symbolic victory over her father. She wants to get away from her religion and her dad‚ but she also wants to take care of her mom. When she realizes that her father’s decision and and religion always affect her‚ she decides to get away. Chapter 16. Driving 2. How
Premium Father Mother Religion
------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
Premium Cost accounting Cost Costs
Compare assigned costs per product under both methods. Why has Activity-based costing changed the total costs assigned to each product? By comparing the two cost assigned methods‚ there are some differences existed: Unit Product Cost: | Gadgets | Smidgets | Smadgets | Smadgets | Traditional Costing Method | 400 | 1‚000 | 1‚350 | 850 | Activity-Based Costing Method | 590 | 1‚100 | 760 | 1‚250 | Overhead Cost | Widgets | Gadgets | Smidgets | Smadgets | Traditional Costing Method | 200‚000 |
Premium Costs Variable cost Marginal cost
The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
Premium Generally Accepted Accounting Principles Balance sheet Financial statements
U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
Premium Generally Accepted Accounting Principles Inventory Balance sheet
use of computers to present text‚ graphics‚ video‚ animation‚ and sound in an integrated way while textual data and images is a part of multimedia which will be presented Multimedia is the field concerned with the computer-controlled integration of text‚ graphics‚ drawings‚ still and moving images (Video)‚ animation‚ audio‚ and any other media where every type of information can be represented‚ stored‚ transmitted and processed digitally. Examples of multimedia text‚ audio‚ still images‚ animation
Premium Computer network World Wide Web Computer virus
Chapter 08 Business Income‚ Deductions‚ and Accounting Methods SOLUTION MANUAL Discussion Questions 1. [LO 1] What is an “ordinary and necessary” business expenditure? “Ordinary” and “necessary” imply that an expense must be customary and helpful‚ respectively. Because these terms are subjective‚ the tests are ambiguous. However‚ ordinary is interpreted by the courts as including expenses which may be unusual for a specific taxpayer (but not for that type of business) and necessary is
Premium Taxation Tax Taxation in the United States
team-working ›Cultural Intelligence 14 15 5 3/3/2014 The external environment ›The environment ›Strategy ›Innovation ›CSR and business ethics 16 Assessments 17 Assessment Weight Length Due Date Work Type Online CT modules 0% 120 minutes online Individual Mid-semester text 10% 30 minutes In-class (week 8) Individual Simulation teamworking 10% 30 minutes Week 9/10 (Sat and Sun) Group Simulation presentation 10%
Premium Critical thinking Multiple choice Business