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Author: Steven Balsam
Publisher: Elsevier
ISBN: 0080490425
Category : Business & Economics
Languages : en
Pages : 406
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Book Description
General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason--executives need incentives in order to maximize firm value (economists call this "agency theory")--it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), perquisites (reflecting the status of the executive within the organizational culture. This book is important because it takes the elements of an executive compensation package apart, analyzing them in the contexts of both economic theory and corporate practice and then explains how, under varying conditions, one might construct a compensation package that optimizes an executive's and a corporation's performance. Key Features * Presents an objective analysis of current executive compensation practices * Comprehensively reviews of academic literature and extant practice * Explains and illustrates the various components of the compensation package * Discusses the incentive, financial reporting, tax, political, equity, and firm value effects of those components
Author: Steven Balsam
Publisher: Elsevier
ISBN: 0080490425
Category : Business & Economics
Languages : en
Pages : 406
Get Book Here
Book Description
General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason--executives need incentives in order to maximize firm value (economists call this "agency theory")--it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), perquisites (reflecting the status of the executive within the organizational culture. This book is important because it takes the elements of an executive compensation package apart, analyzing them in the contexts of both economic theory and corporate practice and then explains how, under varying conditions, one might construct a compensation package that optimizes an executive's and a corporation's performance. Key Features * Presents an objective analysis of current executive compensation practices * Comprehensively reviews of academic literature and extant practice * Explains and illustrates the various components of the compensation package * Discusses the incentive, financial reporting, tax, political, equity, and firm value effects of those components
Author: Michael Kinney
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Using both large-sample tests and a detailed analysis of annual reports, we examine whether the recognition of income from special items is consistent with smoothing and/or big-bath behavior. Consistent with smoothing by firms with large earnings increases and big-bath behavior by firms with large earnings declines, we find that, relative to firms with small earnings changes, firms with large earnings changes on average recognize significantly negative income from special items. This recognition pattern appears to be driven by discretionary, rather than by semi-discretionary or nondiscretionary, items, and by items involving accounting choice rather than by items involving real economic events. Last, we find evidence that the placement of descriptions of special items in the financial statements is used to manage investors' perceptions. Specifically, this placement appears to be used to emphasize the transitory nature of income-decreasing special items and to avoid drawing attention to the transitory nature of income-increasing special items.
Author: Gary Giroux
Publisher: John Wiley & Sons
ISBN: 0471792691
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Praise for Earnings Magic and the Unbalance Sheet "Gary Giroux brings a breezy, entertaining writing style thatreally helps the reader untangle arcane accounting practices,including stock options, pensions, off-balance sheet items, and therest of his 'dirty thirty.'" —Edward Swanson, Durst Chair and Professor of Accounting,Texas A&M University "Earnings Magic and the Unbalance Sheet provides equityinvestors with clear explanations of today's financial environmenttogether with specific analysis tools to assess the quality ofearnings. Gary Giroux provides a valuable and easy-to-use scoringsystem where investors assign grades to help them in theirinvestment decisions. Earnings Magic is a must-read for anyinvestor in the Dow Jones Industrial Average (Dow 30). Girouxthoroughly analyzes some of the biggest and best knowncompanies." —Andrew McLelland, Assistant Professor of Accounting, AuburnUniversity YOUR KEY TO EVALUATING A COMPANY'S EARNINGS QUALITY Wouldn't you like to know as much as you could about a companybefore you invest in it? Financial information on companies isreadily available, but not necessarily easy to interpret. With shrewd tips and state-of-the-art analytical tools,Earnings Magic and the Unbalance Sheet arms you with the keystrategies and principles to help you evaluate whether a company'sbottom line is headed toward excellence or financial abuse. Thiseye-opening guide expertly walks you through the tangle ofpotentially inflated earnings and misleading accounting disclosuresto determine a company's financial reality.
Author: Gerald I. White
Publisher: John Wiley & Sons
ISBN: 0471375942
Category : Business & Economics
Languages : en
Pages : 786
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Book Description
Accounting Standards (US and International) have been updated to reflect the latest pronouncements. * An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.
Author: Steven Balsam
Publisher: Worldatwork
ISBN:
Category : Business & Economics
Languages : en
Pages : 556
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Book Description
Author: Scott Henderson
Publisher: Pearson Higher Education AU
ISBN: 1486017983
Category : Business & Economics
Languages : en
Pages : 1029
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Book Description
Issues in Financial Accounting addresses the controversial issues in financial accounting that have been debated by the preparers, users, auditors and regulators of financial statements. Henderson provides the best balance of technical and theoretical coverage in any Financial Accounting text on the market today, with its presentation of real-world examples, current debates and the underlying rationale for the accounting concepts demonstrated. Throughout the text, academic studies and professional accounting research are referenced to also provide a critical understanding of historical debates in financial accounting. The new 15th edition covers significant recent developments to the accounting standards in Australia and is based on the AASB standards and interpretations that have been issued up to the end of 2012. This includes the Australian Accounting Standard Board's (AASB) program of changes to make accounting standards equivalent to International Financial Reporting Standards.
Author: Anthony J. Curley
Publisher: HarperCollins Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 632
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Book Description
Author: GOKUL SINHA
Publisher: PHI Learning Pvt. Ltd.
ISBN: 8120346602
Category : Business & Economics
Languages : en
Pages : 634
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Book Description
The book, now in its Second Edition, gives a clear and in-depth analysis of financial statements and provides a harmonious blend of concepts and practices as followed by Indian companies. In this edition, the new format for income statement prescribed in Part II of Schedule VI of the Companies Act, 1956 has been incorporated. Implications of these changes on the analysis and interpretation of the statement have also been discussed. This textbook is primarily intended for undergraduate and postgraduate students of Commerce and Management. In addition, the book will be immensely useful to financial analysts, bank managers for credit analysis, professional accountants and business executives. KEY FEATURES Provides interpretation of data derived from financial statements. Gives an easy method, developed by NCAER, to predict corporate failure. Compares firms of different countries and their financial performances. Contains more than 172 examples of various types to help students prepare for exams.
Author: Thomas R. Dyckman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 768
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Book Description
Author:
Publisher: Universal-Publishers
ISBN: 1612335942
Category :
Languages : en
Pages : 131
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Book Description
