Mandated accounting changes and managerial discretion
Article Abstract:
A study was conducted on accounting changes mandated by the Financial Accounting Standards Board and managers' timing choice in adopting the mandated changes. Results showed that adoption of the changes caused increased in reported income. A pattern was also observed whereby equity-increasing changes were reported as income while equity-decreasing changes were recorded as adjustments to stockholders' equity.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 1995
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Assessing the relative informativeness and permanence of pro forma earnings and GGAAP operating earnings
Article Abstract:
A study is presented that investigates whether participants pro forma earnings to be more informative and more persistent than GAAP operating income by analyzing a sample of 1,149 actual pro forma press releases. Results indicate that pro forma earnings are more informative and more permanent.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 2003
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A discussion of 'Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings'
Article Abstract:
An interesting descriptive data on pro forma earnings per share relative to both GAAP earnings per share and actual earnings per share is provided. Econometric and data limitations inhibit the inferences that can be drawn from some of the test.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 2003
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