The Usefulness of Accounting Estimates for Predicting Cash Flows and Earnings Baruch Lev* New York University Siyi Li University of Illinois Theodore Sougiannis University of Illinois and ALBA January‚ 2009 * Contact information: Baruch Lev (blev@stern.nyu.edu)‚ Stern School of Business‚ New York University‚ New York‚ NY 10012. The authors are indebted to the editor and reviewers of the Review of Accounting Studies for suggestions and guidance‚ and to Louis Chan‚ Ilia Dichev‚ John Hand
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Ways to improve the earnings quality in acquisitions and mergers In recent years‚ acquisition and merger activities have boomed as result of improvement in economy and corporate earning. Along with the growing acquisitions and mergers‚ the risk of earnings manipulation and fraud embedded in related complicated transactions has also increased. From past experiences‚ three most common areas that have high risk of earnings management are research and development expenditure‚ restructuring costs
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Fiat Chrysler Q2 Earnings Group Performance: FCA has reported a positive overall financial performance for the second quarter of 2015. It earned a net profit of € 333 million that is up 69 % from Q2 2014 net profit of € 197 million. Net revenue for the group increased by 25 % from € 23.3 billion to € 29.2 billion while there was a slight reduction in net industrial debt which now stands at € 8.0 billion. The outstanding improvement in net profit and EBIT was led by a strong improvement in NAFTA
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SBGA Provides Quarterly and Annual Tax Relief with Payroll Services Program (1888 PressRelease) Building off nearly two decades of experience‚ the Small Business Growth Alliance SBGA is a leading provider of back office solutions to businesses throughout the United States. Irvine‚ Calif.- It’s that time again. While most individuals only have to worry about filing taxes once a year‚ business owners have to think about it at least ten times a year: two returns per quarter and two
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Using Earnings-at-Risk to Assess the Risk of Indonesian Banks Elisa R. Muresan‚ Ph.D. 1 Nevi Danila‚ Ph.D. 2 JEL Classifications: F37‚ G20 Authors’ Keywords: Capital Adequacy Ratio (CAR) Earnings-at-Risk (EaR)‚ Bank Risk‚ Indonesian Banks Questions and feedback may be directed to both authors. 1 Elisa R. Muresan is an Assistant Professor of Finance at The School of Business‚ Public Administration‚ and Information Sciences‚ Long Island University‚ 1 University Plaza‚ Brooklyn‚ NY 11201
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ARTICLE REVIEW OF DO EARNINGS REPORTED UNDER IFRS TELL US MORE ABOUT FUTURE EARNINGS AND CASH FLOWS? AUTHORS: T.J. Atwood Accounting Department‚ College of Business‚ Florida State University‚ United States. Michael S. Drake Department of Accounting and MIS‚ Fisher College of Business‚ The Ohio State University‚ United States. James N. Myers and Linda A. Myers Department of Accounting‚ Sam M. Walton College of Business‚ University of Arkansas‚ United States. JOURNAL: Elsevier Journal of
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College- Is it worth it? In society today a college education isn’t an option‚ but rather a necessity. When thinking about college people usually think more about what they have to do to get through it when they should be thinking about what they want out of it and what they will gain from it. People often say that college isn’t worth the time and money‚ but getting a degree and brining the skills you gained to the real world will be very beneficial to you. Some people go to college for the
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Quarterly preparation of financial statements and reports: the most appropriate interval of reporting What are businesses made for? Basically‚ businesses are made to earn profits by providing high quality goods and services to the consumers like the public. Different operations are carried out by these entities just to obtain their desired level of income and to establish a good reputation in the industry where they belong. Their earned income and incurred expenses for a certain period are summarized
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The Main Issue: Earnings Management 1.1 Definition of Earnings Management A commonly acknowledged definition of earning management by Healy and Wahlen (1999) demonstrates that managers implement personal judgement in financial reporting and transactions to manipulate financial reports for misleading some investors about a company’s financial performance or influencing contractual outcomes that reply on the numbers. Based on several researches‚ Lawrence (2009) concludes that earnings management generally
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COAST4LIFE INC Memorandum To :Coast4life Inc From: Pat Brown‚ CMA Subject: Options for Cost savings and revenue generation Introduction: Coast4life Inc with the expected downturn situation due to recent terrorist attack on a cruise ship in 2012 and on airline industry would prepare to remain profitable by finding ways to cut cost or generate additional revenue. Target is to recommend the best among the four alternative as directed and aiming at 16% after tax return and tax
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