Project Earnings Manipulation: An Ethics Case Based on Agency Theory ABSTRACT: The impact of accounting information on ethical behavior has been extensively documented. Additionally‚ agency theory is a widely accepted behavioral perspective. Despite this‚ there is an absence of instructional material in the accounting education literature that ties ethical issues to an agency-theory context. The primary objective of this case is to highlight control system ethical issues using an agency-theory context
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Numeric Investors 1. Briefly discuss the two momentum strategies of Numeric Investors. First approach – Based on past changes in analysts’ estimates‚ where they would cluster their forecasts of company earnings‚ and would revise their earnings estimates incrementally instead of big jumps. This would force analysts to update their estimates and would make consensus estimates move up and down predictably over time. Numeric calculates the recent rate of change of analysts’ earnings per share
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of $0.14‚ which annualized puts the dividend as yielding 0.62%. Reasonable Valuation: The company carries a price to earnings ratio of 14.02‚ which by nearly all standards is a relatively reasonable valuation. Institutional Vote of Confidence: 78% of shares outstanding are held by institutional investors‚ displaying the huge amount of confidence long-term and big-money investors have in the company and its future. Money on the Balance Sheets: The company currently has $1.176 billion in cash or
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Simon Jeruchim In the history of the world there are very few events that are more horrific than the Holocaust. The Holocaust started when Adolf Hitler became the Chancellor of Germany in 1933. The Holocaust means the destruction or slaughter of people on a mass scale. During this time‚ it was the Jews. Simon Jeruchim was a Jew during this time‚ and he was a Holocaust survivor. (Rice‚ Earle p.38-51) The Nuremberg law was created in 1935. The law said that the German Jews were no longer citizens
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Why did Doyle choose Watson to narrate Hound instead of having Holmes tell the story himself? What are the benefits and drawbacks of doing it this way? Doyle uses Watson as a narrator for two key reasons. In the first place‚ Watson is not as intuitive as Sherlock Holmes. In this sense‚ he allows the reader to join him as he attempts to live up to the master’s standards. By contrast‚ if Sherlock Holmes were telling the story‚ we would have little opportunity to solve the mystery ourselves: witness
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Management INDEX CHAPTER | PARTICULARS | PAGE | 1 | ABSTRACT | | 2 | EXECUTIVE SUMMARY | | 3 | THE EXISTENCE OF FIIS ON DEVELOPING ECONOMIES LIKE INDIA | | 4 | INSTITUTIONAL INVESTORS | | 5 | FOREIGN INSTITUTIONAL INVESTORS | | | SOURCES OF FII IN INDIA | | | SEBI REGISTRATION OF FII | | | WHY THERE IS A NEED OF FII | | 6 | ROLE OF FII IN CAPITAL MARKET | | | INTRODUCTION TO CAPITAL MARKET | | | DETERMINANTS OF FII | | | EFEECT OF FII ON MARKET | | | FII
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on the part of the institutional customers‚ in accepting the need to shift from labor-oriented cleaning process to technology-oriented cleaning products and services. Diversey wanted to change this mind-set in India market. It gained more than 30% of the market share in the organized cleaning market segment by 2012. It was the only company in India‚ which was in the business of providing end-to-end cleaning product and services solutions to the customers and it had a nearest global competitor in Ecolab
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advised to develop their stock markets. It was suggested that these investments would help the stock markets directly through widening investor base and indirectly by compelling local authorities to improve the trading systems. While the volatility associated with portfolio capital flows is well known‚ there is also a concern that foreign institutional investors might introduce distortions in the host country markets due to the pressure on them to secure capital gains. In this context‚ this paper
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Why is journalism important? With the reference to the literature‚ critically assess the role of journalism in a democratic society. The responsibility of the awkward question has to be asked by someone and the journalist is the one who craves this duty. They are the ones who grab the challenge with both hands and seek for the truth. This is the essence of journalism and why it matters so much to free society. It’s offerings of informative answers in plain English make it accessible to all. In
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1. What is earnings management? The companies use earnings management as a strategy by which they can easily control and manipulate their earnings to reach their pre-determined earning target. 2. Why do companies employ earnings management techniques? Accountants cannot predict every business structure‚ every new and innovative transaction. Therefore‚ they build up principles that allow for flexibility so that they can adapt to changing circumstances. However‚ people make use of that flexibility
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