There is evidence (Black, Christensen, Joo and Schmardebeck ) suggesting that managers prefer to meet expectations based
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There is evidence (Black, Christensen, Joo and Schmardebeck ) suggesting that managers prefer to meet expectations based on neutral reporting of solid operational performance.
They also found that, conditional on missing analysts’ expectations after employing both accruals and real earnings management, firms are more likely to report non-GAAP earnings.
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https://www.researchgate.net/publication/310512924_The_Relation_Between_Earnings_Management_and_Non-GAAP_Reporti
Discuss whether this is a reason for not permitting the reporting of APMs in Annual Reports.
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Related Book For
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
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