their earnings the following year were “significant lower” than projected and they admitted that the “results were being significantly depressed by wholesale destocking” (SEC -v- Schiff & Lane‚ 2005). The result of this activity was shareholder lawsuits and significant negative press. In addition‚ BMS was forced to modify internal controls to “closely monitor and restrict wholesaler purchases to prevent another buildup in excess wholesaler inventory and resulting reduction in BMS’ earning from wholesaler
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Rational for Dividends By Group 2:- 104 | Anshul Jain 105 | Bhaskar Jain 106 | Pranav Jain 154 | Parth Barot 155 | Subhashish Baruah 156 | Chaitanya Agrawal Introduction Definition Dividends are a distribution of a portion of a company’s earnings‚ decided by the board of directors‚ to a class of its shareholders. They are generally quoted in terms of the currency amount received by each share (dividends per share). About Dividends Dividends are usually paid in the form of cash‚ store credits
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Woodliff‚ D 2007‚ ‘Managerial Incentives and the Treatment of Pre-production Expenditure in the Mining Industry’‚ International Journal of Business Studies‚ vol. 15‚ no. 1‚ pp. 127-152‚ retrieved 4 April 2012‚ EBSCOhost database. Monem‚ R 2003‚ ‘Earnings Management in Response to the Introduction of Australian Gold Tax’‚ Contemporary Accounting Research‚ vol. 20‚ no. 4‚ pp. 747-774‚ retrieved 12 April 2012‚ EBSCOhost database. Sinha‚ S 2008‚ ‘Positive Accounting Theory: A Critique’‚ ICFAI Journal
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and what should be done to change it. The first party that benefits from these misrepresentations is management. Often management compensation is directly related to a company’s earnings. This creates a natural incentive for management to increase profits. In addition to higher bonuses‚ managers can manipulate earnings numbers to impress shareholders and protect their jobs. One of the methods used by management to achieve desired income is to manipulate the LIFO inventory method. This method allows
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translation exposure. 2) Influences the value of outstanding foreign-currency-denominated contracts and obligations‚ thus firm’s earning and cash flow through transaction exposure. 3) Impacts firm’s future revenues and costs‚ thus firm’s earning‚ cash flow‚ enterprise value‚ and equity value through operating exposure. In order to reduce cash flow uncertainty and earning volatility‚ to minimize negative impacts from foreign currency gain & loss on firm’s value and equity‚ in most cases foreign exchange
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TOPIC SCOPE OF FINANCIAL MANAGEMENT PRESENTED BY SULOCHANABA S. CHUDASAMA (M.Com.‚ B.Ed.‚ Ph.D.) LECTURER OMVVIM COLLEGE MORBI – 363641 ADDRESS FOR COMMUNICATIONS c/o Vaghela Jitubha Kanubha Ram Krishna nagar‚ Shivam park Limbdi. Dis – Surendra nagar Email : Vaghelashivangi@gmail.com (M.NO: 9274030489‚ 97235 61444) Declaration I Chudasama Sulochanaba Sahdevsinh‚ here by declare that this paper is my research paper and about that its my responsibility
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The Bird-In-The-Hand Theory The essence of the bird-in-the-hand theory of dividend policy (advanced by John Litner in 1962 and Myron Gordon in 1963) is that shareholders are risk-averse and prefer to receive dividend payments rather than future capital gains. Shareholders consider dividend payments to be more certain that future capital gains – thus a “bird in the hand is worth more than two in the bush”. Gorden contended that the payment of current dividends “resolves
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financial condition of the firm. Financial analysis ensures the effective and smooth functioning of any enterprise. Financial analysis is made to judge the propriety of the trend of share market prices‚ etc. DIVIDEND DECISIONS: The financial manager takes dividend decision. For taking decisions in respect of dividend‚ the following factors are considered-availability of cash‚ tax position of the share-holders‚ trend of earnings‚ etc. ACCOUNTING AND CONTROL: The financial manager arranges for the
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Bangladeshi company. Introduction: Dividend policy is formulated by the board of directors of a company in order to make decision how much earnings would distributed among the shareholders as their reward for making investment in the given company in the form of dividend and how much would be retained within the company as a retained earnings. Dividend policy is an important area of research in corporate finance. Even though a number of researches have been conducted on dividend policy‚ a
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MEMORANDUM TO: The CFO of Bessrawl Corporation Implementation of the new accounting standards is a complex process and it requires time and effort‚ however switching to IFRS could be beneficial to your company. In this memo we would like to address the costs and benefits of switching from U.S GAAP to IFRS. We will also analyze the impact that the change would have on Bessrawl’s financial statements. One of the cons of switching to IFRS is the cost and time. The initial cost to convert to
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