KNUST SCHOOL OF BUSINESS Earnings management is in the best interest of shareholders. Discuss ACF 351 CORPORATE GOVERNANCE ACCOUNTING & FINANCE BY‚ DUNOO SELASI LARRY Earnings management is in the best interest of shareholders. Discuss Earnings‚ sometimes called profit‚ net income are the single most important item in the financial statements. They indicate the extent to which a company has engaged in value added activities‚ they are signals that helps direct resource allocation
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Suggest ways in which climate change might affect Africa’s physical environment? Many things will happen to Africa’s physical environment as climate change happens‚ however the main ones will be: decreased or no change in crop growing with some even going down over 20%‚ decreased rainfall in parts where there already is only 1-100mm a year anyway; it contains around 29% of the world’s mammals‚ birds and plants and also 17% of the amphibians and reptiles‚ and finally Africa has a lot of low lying
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Buy-Back of Shares 1. Companies Act‚ 1956: Section 77A of the Companies Act lays down the conditions governing buy-back of shares by a company. Section 77A stipulates that a buy-back can be done only out of free reserves or securities premium account or proceeds of fresh issue of shares or specified securities subject to certain terms and conditions. The conditions to be complied with by the Company for buy-back are: • • Articles of Association (AoA) of the Company provides for buyback of its own
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(Douglass 1). The 1919 World Series was between the Chicago White Sox and the Cincinnati Reds‚ and was supposed to be easily own by the Chicago White Sox whom most felt has the superior team. The odds were 7-5 that the Sox would win every game of the series and beat the Red’s by at least two points (Solomon 1). However‚ strangely in New York‚ copious amounts of money began to be bet on the Reds winning all but one game this raised
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exceedingly‚ causing indescribable suffering to themselves and others. In this essay‚ I will discuss why drinking culture prevalent in Australia‚ the effects alcoholism and solutions. In this circumstance that is spreading drinking culture‚ I think‚ the hazard of alcohol problems cannot be overemphasized. Firstly‚ the most noticeable and prompt effects of alcohol are on the brain. Astonishingly‚ our brain are felt within about five minutes of alcohol being taken in; therefore‚ we experience drowsiness
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We’ve all heard of what happened to Germany in the early 1900’s. They were involved in a war with several other countries‚ their economy was mere to shreds‚ and the people began losing hope. However‚ the worst thing to hit Germany in the 1900’s was the holocaust‚ ran by Adolf Hitler himself. Anyone can tell you what Adolf Hitler did to most of the population of Germany‚ and some can even explain to you a personal encounter of the horrors that he manifested. Although most of the population can do
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trends occurring in the Australian labour market‚ analysing their causes and effects. The chosen trends are structural unemployment‚ gender pay gap and skill shortage. The main causes of the first trend are increase demand for services and technological change‚ which have led us into a new era where highly skilled labour force is needed to operate more complex machineries and computer systems. The rapid technological change has caused structural unemployment‚ with workers willing to work but cannot
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Share repurchases and the protection of shareholders* KATHLEEN VAN DER LINDE** 1 Introduction From a creditor’s perspective there is not much difference between the payment of a dividend in respect of a share and a payment for the acquisition or repurchase of that share. However‚ from the point of view of the shareholder a dividend is a return on capital while a repurchase is a return of capital to the vendor shareholder. Share repurchases change the structure of the company’s share capital
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The movement was a peaceful movement with nonviolent tactics and respectable boycott methods‚ some disagree though. It can be said though that the Chicano Movement was more of a riot that disrupted the peace or status quo of society to only cripple and not support the Mexican-American Civil Rights Movement. Boycotts just crippling the economic profits‚ workers refusing to work‚ causing production of crop to seize to a halt‚ school walkouts causing disruption and chaos on the streets. This obviously
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implications for related research in areas of accounting and finance‚ Time series behaviour of earnings is crucial for empirical studies (Beaver 1970). Issues regarding Income smoothing‚ the relative forecast ability of alternative income measurements‚ and interim reporting‚ were discussed by Beaver (1970: pp. 62). These studies share mutual reliance upon a knowledge of the process creating accounting earnings‚ despite representing a comprehensive spectrum of predictive contexts (Beaver 1970). When
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