Extraordinary Items and Income Smoothing PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Extraordinary Items and Income Smoothing PDF full book. Access full book title Extraordinary Items and Income Smoothing by Vivien A. Beattie. Download full books in PDF and EPUB format.
Author: Vivien A. Beattie
Publisher:
ISBN:
Category : Management
Languages : en
Pages :
Get Book Here
Book Description
Author: Vivien A. Beattie
Publisher:
ISBN:
Category : Management
Languages : en
Pages :
Get Book Here
Book Description
Author: Joseph Capute
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 24
Get Book Here
Book Description
Author: Johan de Keulenaer
Publisher:
ISBN:
Category :
Languages : en
Pages : 86
Get Book Here
Book Description
Author: Dale Buckmaster
Publisher: Elsevier
ISBN: 9780762308040
Category : Business & Economics
Languages : en
Pages : 296
Get Book Here
Book Description
This volume describes the development of accounting thought during the 20th century by focusing on a relatively narrow and long-lived issue, income smoothing. A chronological review of English-language literature referring to income smoothing behaviour is conducted that covers 1893 to 1998.
Author: Khairul Anuar Kamaruddin
Publisher: Utusan Publications
ISBN: 9789676115799
Category : Accounting
Languages : en
Pages : 128
Get Book Here
Book Description
Author: Eero Kasanen
Publisher:
ISBN: 9789517020633
Category :
Languages : en
Pages : 38
Get Book Here
Book Description
Author: Vasiliki E. Athanasakou
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
Get Book Here
Book Description
Financial Reporting Standard No 3 (FRS3) regulated the reporting of financial performance by UK firms from 1993 until the adoption of International Financial Reporting Standards in 2005. FRS3 outlawed extraordinary items, but allowed a clearer distinction between recurring and transitory income by giving firms discretion over the classifications of unusual (i.e. exceptional) items and the option to disclose alternative EPS. Through these provisions FRS3 increased the scope for classificatory choices as a means to highlight persistent profitability. We examine the impact of FRS3 on classificatory smoothing by UK firms and document a significant rise in this practice post-FRS3. We find that this increase is due mainly to deviations of net income from expected earnings inducing a significantly higher level of classificatory smoothing post-FRS3. Additional analysis shows that earnings are substantially more persistent at the pre-exceptional level post-FRS3. Overall, our results suggest greater use of classificatory choices to highlight sustainable profitability after the change in performance reporting regime.
Author: Michael Kinney
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
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: Zheng Xie
Publisher:
ISBN:
Category :
Languages : en
Pages : 138
Get Book Here
Book Description
Author: Domitilla Magni
Publisher: Springer
ISBN: 3030212866
Category : Business & Economics
Languages : en
Pages : 250
Get Book Here
Book Description
In a first approximation, profit may seem like a simple and intuitive concept, but the definition is not limited to a single conceptual category. Analysis of the definition and role of profit must be implemented with a study at the corporate level. This book discusses the phenomenon of profit smoothing, implemented by management, which aims to maintain a constant flow of profit over time. On an operational level, the phenomenon of profit smoothing analyses and determines the correlation existing between a shock to a variable at the corporate level and the relationship between this shock and profit. This book discusses the main reasons, at the strategic level, of the phenomenon of profit smoothing and summarizes this into three groups. Firstly, the functionality of this phenomenon for corporate management is to transmit to the external environment, and especially to external investors, a business reality devoid of crisis and imbalances. Secondly, this initial motivation engages basically the second. In fact, levelling the trend of profit from year to year, top management can reduce the risk perceived from the outsiders and as from the company’s insiders. Thirdly, this justification is related to the stability of the flow of dividends. Profit smoothing places great emphasis on the phenomenon of dividends. It should be note how in fact the profit smoothing is used to keep the expectations of shareholders profit from one period to another. This book is focused on the profit smoothing and, in particular, how this phenomenon is established in developing-economies like the Chinese one, and will be of interest to academics, researchers, and students of corporate finance.
