Why is pro forma earnings reporting coming under scrutiny? How can you mitigate the "bad press" associated with using pro forma data in valuing an organization?

Q: The Question is: True or False & Why?: Comparability across companies will be enhanced since ASC…

A: ASC606 is the new guideline set up by IASB and FASB together to overcome the disparity in revenue…

Q: What are operations people’s primary complaints against the accounting procedures used in most…

A: The primary complaints against accounting departments have to do with the fact that accounting…

Q: Discuss how earnings management is used as a tool to reduce sensitivity to political pressure.

A: Earning management is being associated with the use of discretionary accounting accruals in order to…

Q: Define the phrase “earnings management.” Under what conditions, if any, is earnings management…

A: Payments and receivables are managed in connection to purchases in earnings management. It is done…

Q: Define materiality.  How does materiality come into play when assessing financial statement…

A: Materiality is the threshold above which missing or incorrect information in the financial…

Q: Some argue that having various organizations establish accounting principles is wasteful and…

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Q: Economic consequences of accounting standard-setting means:a. standard-setters must give fi rst…

A: Financial reporting:

Q: How are financial accountants challenged in their work to make ethical decisions? Is technical…

A: Ethical behavior implies taking such actions which are not only as per laws but also confirm to…

Q: Drawing on your background in accounting, can you think of any accounting procedure differences that…

A: Accounting Procedures: It  is the Procedure  followed by companies to  record  day-to-day financial…

Q: According to the Accounting research, managers cannot manipulate all the earnings and Schipper…

A: The paper indicates that firms with low operating systems usually delay the recording of the…

Q: Evaluate earnings management from a utilitarian perspective. Can earnings management be an ethical…

A: Earnings management is the purposeful intervention in the external reporting purpose with the intent…

Q: how does being unethical in the financial industry affect communication with clients?

A: In the financial services industry an agent or the concerned company (which is the financial…

Q: Which of the following arguments is not in favour of entities being required to comply with…

A: Accounting Standards are standard set of rules or practices which must be followed at the time of…

Q: ate accoun

A: Accountability is quintessence of any corporate governance debate despite that there is no unified…

Q: Reported accounting earnings provide valuable information to investors, lenders and regulators.…

A: While most managers see executive compensation as immoral, managers who have worked in firms with…

Q: What are the ethical and legal implications of using accounting practices such as the book-and-hold…

A: Corporate earnings are the profits of a corporation after all expenditures have been paid. Earnings…

Q: Why do you think companies use revenue recognition as a primary means for inflating profits?

A: Revenue Recognition: Revenue recognition is the recording of revenues in the books of the company…

Q: It has been suggested that not all accounting choices are made by management in the best interest of…

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Q: Maines and Wahlen94 state in their research paper on the reliability of accounting information:…

A: Given: The reliability of the accounting information is explained in the research paper by Maine’s…

Q: Why the corporate social responsibility activities have negative implication on the accounting…

A: The costs paid to do CSR activities are basically expensed from the company money. In the short…

Q: Why should the responsibility for maintaining the accounting records be separated from the…

A: It has generally been seen that in large organizations, the responsibility for operating the…

Q: Economic consequences of accounting standard-setting means: a.    standard-setters must give first…

A: Answer:   Option d.

Q: Why does financial accounting have a positive impact on our society? a. It entails a detailed…

A: Given: The positive impact on financial accounting in our society.

Q: How does subjective accounting policies at General Electric assist in hiding poor decision-making…

A: The question as appearing to me looks incomplete. But I'll do my best to get to your point.…

Q: Explain what is meant by adverse economic consequences of new or changed accounting standards.

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Q: Do you think there are any circumstances when you should go outside the company to report financial…

A: Being the Ethical Professional Practice includes a confidentiality standard requires we should not…

Q: Identify the applicable qualitative characteristics referred to in the Conceptual Framework for…

A: Facts in the given question are mentioned below: Profits are based on Director's Bonuses. Their…

Q: Which among the following is not an objective of Whistleblowing? a. To protect Public Interest b. To…

A: Whistleblowing is a process of making policies which helps in reduction of corruption practices and…

Q: hat kinds of limitations exist in analyzing a company just by reading its financial reports?

A: solution financial statements and reports basically means the statement of profit and loss account ,…

Q: Even though reporting entities are required to comply with accounting standards, are they also…

A: The Accounting Standards provide the framework within which a firm prepares its books of accounts by…

Q: Use the opportunistic perspective of PAT to explain the potential for managers to manipulate…

A: SOLUTION- POSITIVE ACCOUNTING THEORY (PAT) PREDICTS THAT PROCESSES CAN BE PLACED IN PLACE ON AN…

Q: Explain why it is difficult for researchers to convincingly document earnings management.

A:

Q: 1. How would you suggest the standard-setter or the regulator mitigate the potensial decrease in…

A: Here asked about the standard setter or the regulator mitigate the potential in the decrease in the…

Q: What are organizational costs? What are the reasons for and against capitalizing organizational…

A: The first cost of forming a corporation is referred to as an organisational cost or expense. Legal…