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
Premium Generally Accepted Accounting Principles Financial statements Enron
What did Michael Eisner do to rejuvenate Disney? Specifically‚ how did he increase net income in his first four years? When Eisner joined Disney in 1984‚ he committed himself to maximizing shareholder wealth through annual revenue growth of 20%. Eisner took several steps to rejuvenate Disney. His plan was to build the Disney brand while preserving the corporate values of quality‚ creativity‚ entrepreneurship‚ and teamwork. To maintain Disney’s culture and to develop pride in the Disney tradition
Premium Who Framed Roger Rabbit Animation Revenue
Variable costing vs Absorption costing Variable and Absorption costing are two different methods and ways that many organizations use to determine and calculate product cost. The income statements formats of both methods include period and product costs. However‚ each one has a different cost classification definition. Both have the same direct material and direct labor allocation‚ the differences is how they report the income‚ product‚ and pricing One of the main differences between
Premium Price Income statement Inventory
I agree with the occupational interest and personality assessment because ("O*NET Interest Profiler at My Next Move‚" n.d.)‚ investigative with a score of 35 and I like searching for facts and figuring out problem‚ solving problems and helping people and that is very true about me I am a warm hearted person. I am like a hot chocolate and marshmallows on a cold day. Am compassionate‚ understand people‚ care about them‚ put people first at all time‚ and I make them feel wanted and welcome. I am well
Premium Personality psychology Psychology Trait theory
Lee‚ Kathryn E. PI 10 T-5R E13 September 12‚ 2014 Somehow‚ the article Veneration without Understanding‚ written by Renato Constantino‚ strengthened my stand that our great national hero‚ Jose Rizal‚ is not all that great and should not just be the one revered as the most important and absolute hero of our country. Until the present day‚ people still believe that Rizal did so much for his beloved country‚ although we cannot deny the things he did to
Premium Philippines
Marginal Costing Versus Absorption Costing The MAIN DIFFERENCE is the treatment of FIXED COSTS. This treatment can produce different profit figures.The two methods of costing produce different profit levels dependent upon the net change in the level of stock during the period.This is due to the VALUATION of the net change in stock during the period. In [...] Over/(Under) Absorption Of Overheads In earlier articles‚ we discussed about absorption costing‚ its advantages and disadvantages and
Premium Marginal cost Cost Variable cost
Kingsville Subd.‚ Antipolo City “STATEMENT OF MANAGEMENT’S RESPONSIBILITY FOR ANNUAL INCOME TAX RETURN” The Management of BTKPNB VENTURES is responsible for all information and representations contained in the Annual Income Tax Return for the year ended December 31‚ 2012. Management is likewise responsible for all information and representations contained in the financial statements accompanying the Annual Income Tax Return covering the same reporting period. Furthermore‚ the Management is responsible
Premium Tax Income tax Taxation in the United States
UNIVERSITY OF GHANA BUSINESS SCHOOL MBA: ACCOUTING THEORY 1 – (ADMN 631) LECTURE: JAMES KWAME OTIEKU A PRESENTATION ON EARNINGS MANAGEMENT AND EXECUTIVE COMPENSATION BY EMMANUEL MENSAH ID NO: 10328957 AND PETER OPATA NYAKO ID NO: 10329653 1st October 2009 EARNINGS MANAGEMENT AND EXECUTIVE COMPENSATION Introduction Accounting standards define the accounting language that management uses to communicate with the firm’s external stakeholders. By creating a framework
Premium Generally Accepted Accounting Principles Income statement Financial statements
Introduction: Process costing is a form of operations costing which is used where standardized homogeneous goods are produced. This costing method is used in industries like chemicals‚ textiles‚ steel‚ rubber‚ sugar‚ shoes‚ petrol etc. Process costing is also used in the assembly type of industries also. It is assumed in process costing that the average cost presents the cost per unit. Cost of production during a particular period
Premium Costs Cost accounting Cost
Singapore Tax Rates and Income Tax System Introduction Singapore’s is one of the world’s biggest economies. Since the global financial crisis and more recently‚ the Eurozone sovereign debt crisis and the downgrading of the US credit ratings‚ many global and local investors has sought Singapore as a new safe haven for investing their wealth in and setting up businesses and regional headquarters. In 2010‚ Singapore’s economy has rebounded close to 15% year on year. Singapore‚ due to its
Free Tax