Earnings Management and Its Implications

In the wake of continuing, highly publicized financial frauds and failures, the accounting profession has placed renewed emphasis on issues related to earnings management and earnings quality. Staff Accounting Bulletin 101, Revenue Recognition in Financial Statements, which was issued in December 1999 in response to the Committee of Sponsoring Organizations of the Treadway Commission report, illustrates the importance of earnings to the SEC. The SEC and the public are demanding greater assurance about the quality of earnings. Notwithstanding the grave threat that abusive earnings-management practices pose to the reliability and accuracy of financial statements, the accounting profession may be reluctant to address this issue. While there is evidence that accounting educators are attempting to make accounting students aware of abusive earnings-management practices, further efforts are needed by state societies and public accounting firms to better equip CPAs with the tools necessary to identify earnings-management techniques. Education could help to reduce the expectations gap between auditors and financial statement users

The impact of generational differences on the workplace

Purpose – The aim of this paper is to explore workplace implications of the changing workforce demographic. Design/methodology/approach – The author identifies the different generations in today's workforce. The workplace expectations of the different generations are explored. Findings – Corporate real estate (CRE) managers need to establish the different needs of the different generations. In addition, the CRE manager needs to create an environment that allows all generations to coexist in the same workplace. Practical implications – CRE managers can use the information to assist in alignment of their workplace to the different generational expectations of the workforce. Originality/value – The paper fills a void by evaluating office occupiers' workplace preferences based on age.</p

RESTORING PROFITABILITY TO AGRICULTURE

Agricultural Finance,

Human Resources: Key to Competitive Advantage

[Excerpt] As difficult as it may be and as fuzzy as it may turn out, we all must invest in an attempt to peer into the future to discern what implications it has for our human resources. It is not a precise effort, and it certainly can be challenged from many quarters; however, it is not only noble, but may prove to be extremely worthwhile for a competitive firm. As with almost every organization activity, the competitive world makes a paradigm shift inevitable for the human resource function. Understanding the nature of that shift and how to implement meaningful change are the fundamental questions for us all

Academic digital libraries of the future : an environment scan

Libraries are attempting to face a future in which almost every fixed point has disappeared. Users are changing; content is changing; research is taking new forms. Indeed the very need for libraries is being questioned in some quarters. This paper explores the nature of the changes and challenges facing higher education libraries and suggests key areas of strength and core activities which should be exploited to secure their future

Statement of the Labor Policy Association Before the Commission on the Future of Worker-Management Relations

Testimony_Carswell_110893.pdf: 299 downloads, before Oct. 1, 2020

Investitiile imateriale si performantele IMM-urilor

Along time, the goal of intangible assets became very important for the activity and prosper¬ity of business. This matter is achieved as well as more and more the companies operate in a global economy which has as main base the digital revolution and information management. The increase of the immaterial investments percent requires evaluation and recognition criteria by knowledge, intelligence and human competence. But recently, the accounting standards were about to accord negligible atten¬tion or even totally ignored the appropriate modalities of report this category of assets. The accounting, obliged to bend to economic, financial and juridical logics, in a ,,Taylor" modality, presents an unreal image of the company economic life and particularly of investment activity. In a competitive environ¬ment, the reliability of future economic benefits, generated by investments, depends less on their material or immaterial nature and more on the characteristics of the market they operate on. These are just a few reflections which determined us to focus our attention to this thought-provoking domain of immaterial investments, appreciated as a potential for the company.intangible assets immaterial investments competences intelligence knowledge competences potential

AGRICULTURAL OUTLOOK RELATIVE TO FARM INCOME AND THE FARM FINANCIAL CRUNCH

Agricultural Finance,

CORPORATE VALUATION USING TWO-DIMENSIONAL MONTE CARLO SIMULATION

In this paper, we have presented a corporate valuation model. The model combine several valuation methods in order to get more accurate results. To determine the corporate asset value we have used the Gordon-like two-stage asset valuation model based on the calculation of the free cash flow to the firm. We have used the free cash flow to the firm to determine the corporate market value, which was calculated with use of the Black-Scholes option pricing model in frame of the two-dimensional Monte Carlo simulation method. The combined model and the use of the two-dimensional simulation model provides a better opportunity for the corporate value estimation.corporate valuation, free cash flow to the firm, real options, Black-Scholes option pricing model, two-dimensional Monte Carlo simulation, R statistics