Business University of South Florida Co-Major Professor: Kaushal Chari‚ Ph.D. Co-Major Professor: Jacqueline L. Reck‚ Ph.D. Uday S. Murthy‚ Ph.D. Manish Agrawal‚ Ph.D. Date of Approval: April 10‚ 2008 Keywords: Earnings Management‚ Discretionary Accruals‚ Unexpected Productivity‚ Information Markets‚ Combiner Methods‚ Machine Learning © Copyright 2008‚ Johan L. Perols Dedication To Becca who provided support (in many ways)‚ encouragement and motivation‚ helped me with my ideas‚ and believed in
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25 September 2003; accepted 13 October 2004 Available online 22 December 2005 Abtract We provide evidence that the use of discretionary accruals to manipulate reported earnings is more pronounced at firms where the CEO’s potential total compensation is more closely tied to the value of stock and option holdings. In addition‚ during years of high accruals‚ CEOs exercise unusually large numbers of options and CEOs and other insiders sell large quantities of shares. r 2005 Elsevier B.V. All rights
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basis and accrual basis measure of performance. Why‚ in most cases‚ does accrual basis net income provide a better measure of performance than net operating cash flow? Explain the purpose of adjusting entries as they relate to the difference between cash and accrual accounting. Requirement 1 From the Liberty University on-line library I was able to obtain an article called “Cash vs. Accrual Accounting” (Cantu‚ October 2012). This articles gives examples of cash method and accrual basis method
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earnings when domiciled in a country with more stringent auditor independence regulation. In particular‚ our results suggest that cross-listed firms domiciled in countries with stricter auditor independence regulation have more informative accruals‚ engage less in accrual-based earnings management and are less likely to avoid small losses and earnings decreases. In the aftermath of recent business failures‚ our
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Programming Logic and Design‚ 6th Edition Chapter 4 Exercises 2. Chocolate Delights Candy Company manufactures several types of candy. Design a flowchart or pseudocode for the following: a. A program that accepts a candy name (for example‚ “chocolate-covered blueberries”)‚ price per pound‚ and number of pounds sold in the average month‚ and displays the item’s data only if it is a best-selling item. Best-selling items are those that sell more than 2‚000 pounds per month. Answer:
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relationship from the year 2005 to 2009 in Pakistan. Dividend policy has been measured by dividend payout whereas earning management has been quantified by discretionary accruals and discretionary accrual is used as a proxy to determine earning management. Modified cross sectional model (1995) has been used to measure discretionary accruals. Regression analysis shows that earning management has impact on dividend policy that rejects our null hypothesis. But coefficient shows that the relationship is so
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QUESTION: CAN CORRUPTION BE CURBED IN THE PUBLIC SECTOR? The question concerning the eradication of corruption from either the public or private sector has been asked and looked at a countless number of times. But if we look at corruption like a cancerous tumor which encourages a belief that once found it can be surgically removed with no ill effect‚ it can give us an insight to knowing that corruption can only be eradicated if only we can find the answer. Corruption can be defined as the abuse
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(written descriptions) Flowcharts Diagrams Other written material For this subject‚ we only need to discuss two (2) of the most common documentation tools: Data flow diagrams Graphical descriptions of the sources and destinations of data. They show: Where data comes from How it flows The processes performed on it Where it goes Include three types: Document flowcharts describe the flow of documents and information between departments or units. System flowcharts describe the relationship
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Phillips Case Issue 4 During an audit is documentation like the tax accrual audit workpapers affected by an auditors’ knowledge that those workpapers can be obtained by the IRS? Phillips Case Issue 5 5A. What is the scope and authority of the AICPA ’s Statement on Standards for Tax Services? 5B. What is the scope and authority of the IRS Circular 230 standards? 5C. How do these standards impact an auditor ’s tax accrual workpapers for a public company client? Phillips Case Issue 6 6A. After
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commercial and general accounting principles use accrual based accounting over cash based accounting. Accrual based accounting is more advanced than cash based accounting so that is why most accountants chose this over the latter. Cash based accounting is when revenues are recognized when cash is received and when expenses are recognized when cash is paid. Cash based accounting is not in accordance with the general accepted accounting principles (GAAP). Accrual based accounting is when transactions are
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