Quality of Earnings

Author: Thornton L. O'glove

Publisher: Simon and Schuster

ISBN: 0684863758

Category: Business & Economics

Page: 224

View: 6479


The New CFO Financial Leadership Manual

Author: Steven M. Bragg

Publisher: John Wiley & Sons

ISBN: 9780470563526

Category: Business & Economics

Page: 456

View: 5080

Filled with pragmatic insights, proactive strategies, and best practices, The New CFO Financial Leadership Manual, Second Edition is destined to become your essential desktop companion. This thorough guidebook is essential reading for the CFO requiring an overview of strategies, measurement and control systems, financial analysis tools, funding sources, and management improvement tips.

Accounting for Non-accountants

The Fast and Easy Way to Learn the Basics

Author: Wayne Allan Label

Publisher: Sourcebooks, Inc.

ISBN: 1402206577

Category: Business & Economics

Page: 226

View: 6558

A guide for businesspeople covers such essentials as financial statements, balance sheets, liabilities, assets, and income statements.


Tools for Business Decision Making

Author: Paul D. Kimmel,Jerry J. Weygandt,Donald E. Kieso

Publisher: John Wiley & Sons

ISBN: 0470377852

Category: Business & Economics

Page: 1194

View: 7439

Motivate Accounting Students! Kimmel Accounting 3e, helps students hit the road with a practical set of tools, and the confidence they need to use those tools effectively in making business decisions. The goal is to introduce a new Principles of Accounting text that better reflects a more conceptual and decision-making approach to the material. The authors have taken a new "macro- to micro-" approach to the Principles of Accounting course by starting with a discussion of real financial statements first, rather than starting with the Accounting Cycle (although the Accounting Cycle is thoroughly covered in Chapters 3 and 4). The objective is to establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. They motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future career.

Earnings Quality im Fokus der Rechnungslegung. Eine kritische Würdigung der Konzepte zur Messung der Rechnungslegungsqualität

Author: Julian Schneidereit

Publisher: GRIN Verlag

ISBN: 3668648484

Category: Business & Economics

Page: 22

View: 8486

Studienarbeit aus dem Jahr 2017 im Fachbereich BWL - Allgemeines, Note: 1,00, Otto-Friedrich-Universität Bamberg, Sprache: Deutsch, Abstract: „Financial reporting is not an end in itself but is intended to provide information that is useful in making business and economic decisions.“ Dies ist der erste Grundsatz, mit dem das FASB 1978 die Prinzipien der Rechnungslegung beschreibt. Bereits hieraus wird ersichtlich, dass die Rechnungslegung keinen Selbstzweck erfüllt, sondern als zentrales Kommunikationsmedium zwischen Unternehmen und einer möglichst großen Anzahl an Adressaten und Interessenten zu verstehen ist. Da sich die Rechnungslegung vornehmlich an jene richtet, die ein finanzielles Interesse am Unternehmen haben, kann eine hochwertige Rechnungslegung die Effizienz der Kapitalmärkte erhöhen, indem sie die bestmögliche Allokation knappen Kapitals unterstützt, dass dieses dorthin fließen kann, wo es am dringendsten benötigt wird und somit die höchste Rendite erwirtschaftet werden kann. In diesem Zusammenhang stellt sich unweigerlich die Frage, anhand welcher Kriterien die Qualität der Rechnungslegung gemessen werden kann. Dies zum Anlass genommen, wurden in der wissenschaftlichen Literatur unterschiedliche Konzepte zur Messung von Stellvertretergrößen als Approximation für die Rechnungslegungsqualität entwickelt. Die folgende Ausarbeitung soll einen Überblick über eine Auswahl der genannten Messverfahren der Rechnungslegungsqualität geben und diese kritisch würdigen. Um die angesprochene Untersuchung durchführen zu können, soll wie folgt vorgegangen werden: Zunächst werden die theoretischen Grundlagen zur Erarbeitung der Thematik gelegt, um dem Leser ein klares Verständnis für die in dieser Arbeit verwendete Terminologie zu vermitteln. Hierbei wird neben einer definitorischen Operationalisierung des Qualitätsbegriffs eine Charakterisierung und Abgrenzung der Begrifflichkeiten Ergebnisqualität (earnings quality) und Rechnungslegungsqualität (accounting quality) vollzogen. Im darauffolgenden Kapitel ist es das übergeordnete Ziel, eine kritische Analyse ausgewählter Konzepte zur Messung der Ergebnisqualität durchzuführen. Hierfür wird zunächst ein Überblick über die Dimensionen zur Messung der Rechnungslegungsqualität und die hierfür verwendeten Approximationen gewährt. Anschließend werden diese einzeln inhaltlich erläutert und kritisch gewürdigt.

Capital Market Implications of Earnings Quality

Author: Bianca Ahrens

Publisher: BoD – Books on Demand

ISBN: 3899369211

Category: Business & Economics

Page: 280

View: 6957

In his speech from 1998 the former chairman of the United States Securities and Exchange Commission (SEC) Arthur Levitt pointed out that trust "is the bedrock of our capital markets" and that this must not be shaken by the erosion of earnings quality. He made clear that it is the challenge of the whole financial community to counteract such a development. This thesis deals with the question whether the importance of earnings for the capital market varies with its quality. The question arises, because in recent years a large number of firm scandals has shaken the trust in the reliability of reported earnings. In order to properly address the research questions, the literature on earnings quality definitions, quality measures as well as implications of earnings quality on capital markets is reviewed and critically discussed. The author investigates whether well known results concerning capital market implications of earnings quality remain stable for all measures considered. She answers the question of how earnings quality affects firm value, cost of equity capital, and the accuracy of analysts' forecasts taking into account the effects of determinants of earnings quality.

Financial Services

Author: M. Y. Khan

Publisher: Tata McGraw-Hill Education

ISBN: 9780070585850


Page: 1688

View: 4194


Line-Item Analysis of Earnings Quality

Author: Nahum D. Melumad,Doron Nissim

Publisher: Now Publishers Inc

ISBN: 1601982127

Category: Business & Economics

Page: 148

View: 3771

Line-Item Analysis of Earnings Quality provides a comprehensive summary and analysis of the specific earnings quality issues pertaining to key line item components of the financial statements. After providing an overview of earnings quality and earnings management, Line-Item Analysis of Earnings Quality analyzes key line items from the financial statements. For each key line item, the authors: review accounting principles discuss implications for earnings quality evaluate the susceptibility of the item to manipulation describe analyses and red flags which may inform on the item's quality Line-Item Analysis of Earnings Quality will prove useful in conducting fundamental and contextual analyses through its analysis and evaluations"

Earnings Quality

Author: Jennifer Francis,Per Olsson,Katherine Schipper

Publisher: Now Publishers Inc

ISBN: 1601981147

Category: Business & Economics

Page: 85

View: 6312

This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.

Higher Education: Handbook of Theory and Research

Author: J.C. Smart

Publisher: Springer Science & Business Media

ISBN: 9781402032783

Category: Education

Page: 630

View: 2031

Published annually since 1985, the Handbook series provides a compendium of thorough and integrative literature reviews on a diverse array of topics of interest to the higher education scholarly and policy communities. Each chapter provides a comprehensive review of research findings on a selected topic, critiques the research literature in terms of its conceptual and methodological rigor, and sets forth an agenda for future research intended to advance knowledge on the chosen topic. The Handbook focuses on twelve general areas that encompass the salient dimensions of scholarly and policy inquiries undertaken in the international higher education community. The series is fortunate to have attracted annual contributions from distinguished scholars throughout the world.

Wages, School Quality, and Employment Demand

Author: David Card,Alan B. Krueger

Publisher: Oxford University Press

ISBN: 0199693382

Category: Business & Economics

Page: 309

View: 1969

David Card and Alan B. Krueger have made substantial contributions to the field of Labor Economics. Their influential work focuses on policy-relevant issues and spans vast and important topics, including: unemployment, minimum wage, migration, measurement error, unions, wage differentials among various groups in the US, labor demand, social insurance, and technological change. Card and Krueger have also been extremely influential in econometrics methodology; they were at the forefront of employing an 'experimental' approach in their research design and implementation. Both of these IZA prize winners have made significant methodological contributions on instrumental variable estimation, measurement error, regression discontinuity methods, and the use of 'natural' experiments. This book provides an overview of their most important work and is divided two main parts: the first section focuses on school quality and the differences in wages across groups in the US; the second part concentrates on the effect of changes in the minimum wage on employment and wage setting. In section introductions, Card and Krueger offer their insight into these two areas and discuss the historical context for their research.

Does Money Matter?

The Effect of School Resources on Student Achievement and Adult Success

Author: Gary Burtless

Publisher: Brookings Institution Press

ISBN: 9780815707134

Category: Education

Page: 316

View: 1112

Many believe that American education can only be improved with a sizable infusion of new resources into the nation's schools. Others find little evidence that large increases in spending lead to improvements in educational performance. Do additional school resources actually make any difference? The evidence on this question offers a striking paradox. Many analysts have found that extra school resources play a negligible role in improving student achievement while children are in school. Yet many economists have gathered data showing that students who attend well-endowed schools grow up to enjoy better job market success than children whose education takes place in schools where resources are limited. For example, children who attend schools with a lower pupil-teacher ratio and a better educated teaching staff appear to earn higher wages as adults than children who attend poorer schools. This book, which grew out of a Brookings conference, brings together scholars from a variety of disciplines to discuss the evidence on the link between school resources and educational and economic outcomes. In a lively exchange of views, they debate whether additional spending can improve the performance of the nation's schools. In addition to editor Gary Burtless, the contributors include Eric Hanushek, University of Rochester; James Heckman, University of Chicago; Julian Betts, University of California, San Diego; Richard Murnane, Harvard University; Larry Hedges, University of Chicago; and Christopher Jencks, Northwestern University. Dialogues on Public Policy

Investor's Guide to Analyzing Companies and Valuing Shares

How to Make the Right Investment Decision

Author: Michael Cahill

Publisher: Pearson Education

ISBN: 9780273663638

Category: Business & Economics

Page: 278

View: 4711

Getting to the real value of a business and assessing what are its shares really worth suddenly looks less clear cut. In an investment environment that is extremely challenging even for experienced City professionals, doing your homework has never been more important. And with the current accounting scandals rocking confidence and the markets being able to accurately value copmpanies, stock has just taken on a whole new dimension. The book goes beyond investment ratios to explore what these ratios tell us about the company as an investment or what the ratios tell us about the stock market's assessment of the company and it's prospects.

Middle Market M & A

Handbook for Investment Banking and Business Consulting

Author: Kenneth H. Marks,Robert T. Slee,Christian W. Blees,Michael R. Nall

Publisher: John Wiley & Sons

ISBN: 111819862X

Category: Business & Economics

Page: 400

View: 3805

In-depth coverage in a single handbook of the middle market based on the body of knowledge of the Certified M&A Advisor credential program M&A advisors have an unprecedented opportunity in the middle market with the generational transfer of wealth and capital being deployed by private equity and corporate investors. Middle Market M&A: Handbook for Investment Banking and Business Consulting is a must-read for investment bankers, M&A intermediaries and specialists, CPAs and accountants, valuation experts, deal and transaction attorneys, wealth managers and investors, corporate development leaders, consultants and advisors, CEOs, and CFOs. Provides a holistic overview and guide on mergers, acquisitions, divestitures and strategic transactions of companies with revenues from $5 million to $500 million Encompasses current market trends, activities, and strategies covering pre, during, and post transaction Addresses the processes and core subject areas required to successfully navigate and close deals in the private capital market Includes content on engagement and practice management for those involved in the M&A business This practical guide and reference is also an excellent primer for those seeking to obtain their FINRA Series 79 license.

Financial Accounting for Management

An Analytical Perspective

Author: Ambrish Gupta

Publisher: Pearson Education India

ISBN: 9788131722855

Category: Business & Economics

Page: 986

View: 8529

Financial Accounting for Management: An Analytical Perspective focuses on the analysis and interpretation of financial information for strategic decision making to enable students and managers to formulate business strategies for revenue enhancement, cost economies, efficiency improvements, restructuring of operations, and further expansion or diversification for creating and enhancing the shareholder's value. Though the book has MBA, MFC and MBE students as its primary audience, managers in the corporate sector and students of CA, CWA, CS, CFA and CAIIB will find it equally useful because of its practical orientation.