Download or read book Changes in Accrual Properties and Operating Environment written by Suresh Nallareddy and published by . This book was released on 2020 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reconciles conflicting evidence in prior literature on the relative ability of earnings and cash flows in predicting future cash flows. Further, we investigate the implications of temporal shifts in accrual properties and operating environment for cash flow predictability. Three key insights emerge. First, cash flows consistently outperform earnings in predicting future cash flows. Second, accruals and its components, including those capturing non-articulating events, have incremental (albeit small) predictive ability over cash flows. Third, earnings' ability to predict future cash flows has increased over the period 1989-2015, due to changes in operating environment rather than accrual properties.
Download or read book Accruals and Managerial Operating Decisions Over the Firm Life Cycle written by Michelle M. Liu and published by . This book was released on 2006 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how accruals capture managerial operating decisions that evolve over a firm's life cycle. I argue that growing firms face different operating environments and have fundamentally different accruals properties than those of mature and declining firms. I provide evidence that accruals vary with changes in a firm's operating environment over its life cycle. I show in one example that by ignoring life cycle fundamentals, previous empirical methods would likely misclassify this variation in accruals as reflecting systematic differences in a firm's "accounting quality". I suggest empirical techniques to mitigate incorrect inferences about accounting quality and to better understand how operating decisions affect accruals.
Download or read book The Accrual Anomaly and Operating Cash Flows written by Zhaoyang Gu and published by . This book was released on 2012 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: We argue and show that aggregation of accrual components (changes in inventories, changes in accounts payable, changes in accounts receivable and depreciation expense) into total accruals results in a loss of mispricing-related information in individual accrual components. This motivates us to examine whether the recent evidence that operating cash flows subsume the mispricing effect associated with total accruals holds when accruals are disaggregated into accrual components. We find that accrual components are associated with future abnormal returns even after controlling for operating cash flows and growth. The three-day earnings announcement period abnormal returns also support the finding. The evidence with respect to change in accounts payable is especially noteworthy because its inclusion in total accruals reduces the mispricing effects of other components considerably. Overall, the prior evidence that operating cash flows subsume the mispricing effects associated with total accruals is likely caused by the aggregation of accrual components into total accruals. Future research would benefit from focusing on accrual components rather than total accruals.
Download or read book The Economics of Accounting written by Richard Moses Frankel and published by Oxford University Press. This book was released on 2024 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In today's complex business landscape, understanding the economic roles of accounting is essential. The Economics of Accounting demystifies the subject in an eye-opening exploration of how accounting plays a vital role in driving business efficiency and creating value. Internally, accounting information acts as a linchpin, making contracts more effective and aiding managerial decisions when market prices are unavailable. By providing valuable insights, accounting helps bridge information gaps, enabling price discovery and reducing trading costs in capital market transactions. Throughout the book, our primary measure of efficiency is shareholder value. However, we also delve into discussions on regulatory, social, and contract efficiency. It's important to note that shareholder value maximization and stakeholder protection are not conflicting objectives. In fact, accounting information plays a pivotal role in fostering firms' commitment to stakeholder protection, leading to increased value creation for shareholders. Engaging and accessible, this book will enlighten readers on the transformative power of accounting in today's business landscape"--
Download or read book Implementing Accrual Accounting in the Public Sector written by Ms.Suzanne Flynn and published by International Monetary Fund. This book was released on 2016-08-05 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note and manual (TNM) explains what accrual accounting means for the public sector and discusses current trends in moving from cash to accrual accounting. It outlines factors governments should consider in preparing for the move and sequencing of the transition. The note recognizes that governments considering accounting reforms will have different starting points across the public sector, different objectives, and varying coverage of the existing financial statements, it therefore recommends that governments consider each of these, and the materiality of stocks, flows and entities outside of government accounts when planning reforms and design the sequencing and stages involved accordingly. Building on international experiences, the note proposes four possible phases for progressively increasing the financial operations reported in the balance sheet and operating statement, with the ultimate aim of including all institutional units under the effective control of government in fiscal reports.
Download or read book Accounting from a Cross Cultural Perspective written by Asma Salman and published by BoD – Books on Demand. This book was released on 2018-10-24 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting is both an art and science, which governs the communication and processing of the financial information in an organization. Technological advancement is helping the accountants to monitor financial performance in real time. This presents both opportunities and challenges for the current day organizations and accounting professionals alike. This book shows many different aspects to the same accounting principles but from a cross-cultural perspective. The diversity of the authors who contributed to this book signify the importance of accounting from various dimensions while ensuring that standards are adhered to, and principles are followed and applied. This book intends to feature the journey from the double-entry bookkeeping developed in medieval Europe to the changing dynamics of accounting. It is divided into five main sections: The Matching Principle, Ethics in Accounting, Insurance Contracts, Green Accounting, and Financial Instruments.
Download or read book Climate Change Impacts on Soil Processes and Ecosystem Properties written by and published by Elsevier. This book was released on 2017-06-01 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate Change Impacts on Soil Processes and Ecosystem Properties, Volume 35 presents current and emerging soil science research around the areas of soil processes and climate change, also evaluating future research needs. The book combines the five areas of soil science (microbiology, physics, fertility, pedology, and chemistry) to give a comprehensive assessment. This integration of topics is rarely done in a single publication due to the disciplinary nature of the soil science areas, so users will find it to be a comprehensive resource on the topic. Provides an analysis of all areas of soil science in the context of climate change impact on soil processes and ecosystem properties Presents information that is displayed in an accessible form for practitioners and disciplines outside of soil science Contains a concluding section in each chapter which assesses key areas Includes a discussion on future research and direction
Download or read book Earnings quality and earnings management written by Sanjay Wikash Bissessur and published by Rozenberg Publishers. This book was released on 2005 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Highlights of 1978 Changes in the Tax Law written by United States. Internal Revenue Service and published by . This book was released on 1978 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Soil Carbon Stabilization to Mitigate Climate Change written by Rahul Datta and published by Springer Nature. This book was released on 2021-08-25 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carbon stabilization involves to capturing carbon from the atmosphere and fix it in the forms soil organic carbon stock for a long period of time, it will be present to escape as a greenhouse gas in the form of carbon dioxide. Soil carbon storage is an important ecosystem service, resulting from interactions of several ecological processes. This process is primarily mediated by plants through photosynthesis, with carbon stored in the form of soil organic carbon. Soil carbon levels have reduced over decades of conversion of pristine ecosystems into agriculture landscape, which now offers the opportunity to store carbon from air into the soil. Carbon stabilization into the agricultural soils is a novel approach of research and offers promising reduction in the atmospheric carbon dioxide levels. This book brings together all aspects of soil carbon sequestration and stabilization, with a special focus on diversity of microorganisms and management practices of soil in agricultural systems. It discusses the role of ecosystem functioning, recent and future prospects, soil microbial ecological studies, rhizosphere microflora, and organic matter in soil carbon stabilization. It also explores carbon transformation in soil, biological management and its genetics, microbial transformation of soil carbon, plant growth promoting rhizobacteria (PGPRs), and their role in sustainable agriculture. The book offers a spectrum of ideas of new technological inventions and fundamentals of soil sustainability. It will be suitable for teachers, researchers, and policymakers, undergraduate and graduate students of soil science, soil microbiology, agronomy, ecology, and environmental sciences
Download or read book Capital Market Implications of Earnings Quality written by Bianca Ahrens and published by BoD – Books on Demand. This book was released on 2010 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Taxing Choices for Managing Natural Resources the Environment and Global Climate Change written by Anwar Shah and published by Springer Nature. This book was released on 2023-02-21 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews taxing choices to protect the local and global environment and preserve and sustain natural resources. Alternative economic instruments such as carbon taxes and tradable permits to combat global climate change are also examined. Strategies and practices for the managing and sharing of revenues from natural resources are highlighted. Also, roles of various orders of government in managing, taxing, and sharing natural resources in selected countries are documented to highlight the impact of such division of responsibilities in preserving natural resources and the environment. The susceptibility of resource revenue dependent economies to corruption and malfeasance, and the Dutch disease, is also highlighted. This book could serve as a supplementary reference book for graduate and undergraduate courses and as a sourcebook for journalists, researchers, policymakers, and government practitioners.
Download or read book Earnings Management written by Joshua Ronen and published by Springer Science & Business Media. This book was released on 2008-08-06 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?
Download or read book Climate Change Impacts on Nigeria written by Johnbosco C. Egbueri and published by Springer Nature. This book was released on 2023-04-19 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the impacts of climate change on Nigeria. How climate change impacts the productivity and future development of different sectors in Nigeria was covered in this book. Various themes of the Nigerian economy, environment, and climate change were considered. Worthy of note are the impacts of climate change on the Nigerian air quality, surface and groundwater resources, watershed and natural resources’ development and planning, soil- quality, fertility, salinization, nutrients and cropping patterns. Also, the impact of climate change on land use/land cover, urbanization and strategic planning, crops and sustainable crop yield; land degradation, soil erosion, landslides and landscapes, rainfall trend patterns, drought vulnerability; ecology, vegetation/forest, carbon and biomass management of Nigeria were investigated. Finally, the problems of climate change in semi-arid and arid regions (with special emphasis on Nigeria) and possible solutions for sustainable development under the changing climate were discussed in this book. Advanced technologies, such as remote sensing, GIS, multivariate analytical tools, and machine learning techniques, were utilized in the exploration and analysis of the themes of this book. Thus, this book is a very important product for point of view researchers, scientists, NGOs, and university communities on the Nigerian climate change. This book is a useful interdisciplinary tool, cutting across various disciplines such as earth sciences, hydrology, environmental sciences, soil science, engineering, remote sensing, natural resources management, and public health management, etc.
Download or read book Equity Valuation written by Peter O. Christensen and published by Now Publishers Inc. This book was released on 2009 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: We review and critically examine the standard approach to equity valuation using a constant risk-adjusted cost of capital, and we develop a new valuation approach discounting risk-adjusted fundamentals, such as expected free cash flows and residual operating income, using nominal zero-coupon interest rates. We show that standard estimates of the cost of capital, based on historical stock returns, are likely to be a significantly biased measure of the firm's cost of capital, but also that the bias is almost impossible to quantify empirically. The new approach recognizes that, in practice, interest rates, expected equity returns, and inflation rates are all stochastic. We explicitly characterize the risk-adjustments to the fundamentals in an equilibrium setting. We show how the term structure of risk-adjustments depends on both the time-series properties of the free cash flows and the accounting policy. Growth, persistence, and mean reversion of residual operating income created by competition in the product markets or by the accounting policy are key determinants of the term structure of risk-adjustments.
Download or read book Organic Agriculture and Climate Change written by Klaus Lorenz and published by Springer Nature. This book was released on 2022-11-02 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will collate, review and synthesize information on how Organic Agriculture (OA) practices affect and are affected by climate change, in comparison to the more widely used conventional agricultural practices. Pros and cons of OA practices will be discussed separately for croplands, pasture lands, mixed livestock cropping systems, vegetable fields, fruit and tree orchards, and vineyards. The book concludes with an overview on how conventional and OA practices can be prudently and discriminately combined to identify and adopt climate-resilient agro-ecosystems under site-specific conditions.
Download or read book Accounting Trends Techniques written by and published by . This book was released on 2003 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:
