What are the potential indicators of earnings quality?
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- H1). ON ETHICS: From a corporate governance standpoint, paying higher premiums indicates a managerial determination to acquire targets at all costs. Given that EMNEs’ management is typically inexperienced in managing acquisitions in developed economies, as a shareholder of several EMNEs (such as those mentioned), do you support such managerial actions?question 1 a) discuss ways in which a company's shareholders can encourage its managers to act in a way which is consistent with the objective of maximising shareholders wealth.Please answer all 3 subparts Question 1 (i) Which one of the following is not a right of a shareholder?A. To receive a dividend declared by the companyB. To attend and vote a meetingsC. To receive the company's accountsD. To manage company affairs (ii) From which theoretical perspective would disclosure and transparency be best explained?A. Managerial hegemony theoryB. Stakeholder theoryC. Resource dependence theoryD. Agency theory (iii) Which of the following will NOT be a likely ground to blow the whistle?A. When there are serious breaches of company rules and regulationsB. When somebody feels personally aggrievedC. When there are threats to human safetyD. When there are serious concerns about a possible fraud
- TOPIC: Introduction to Financial Management 1. Which of the following can be accepted as main points to note when it comes to a company's financial objective? O It is generally accepted that the main financial objective of a company should be to maximize (or at least increase) shareholder wealth. O There are practical difficulties in selecting a suitable measurement for growth in shareholder wealth. Financial targets such as profit maximization and growth in EPS might be used, but no financial target on its own is ideal. O Financial performance is therefore assessed in a variety of ways: by the actual or expected increase in the share price, growth in profits, growth in EPS, and so on. 2. Which of the following statement/s depicts agency relationships and conflicts? I. The owners expect the agents to act in the best interests of the owners. Ideally, the 'contract' between the owners and the managers should ensure that the managers always act in the best interests of the…Question 1 (i) Examples of economic stakeholders areA. customers, suppliers, banks and other debt holdersB. the board membersC. shareholders and employeesD. Any stakeholder who has a direct or indirect stake in the company (ii) The board of directors isA. The only governance mechanism in an organisationB. Only a fiction according to the managerial definition of corporate governanceC. Have the power to monitor managerial opportunism onlyD. The main principal in an agency relationship (iii) Stakeholders areA. only those who have contributed something that is at risk with the firmB. only actors who have a legitimate stake in the corporationC. all the actors who may be influenced or who may influence a corporationD. None of the above (iv) Which ONE of the following would not be described as an institutional investor?A. BanksB. Pension fundsC. Insurance companiesD. Employees holding shares through an employee share scheme{Auditing} 14. While preparing the statement of financial performance, the directors of a company exaggerate profit figure than its actual figure to show colorful picture of the entity. This act of the director is termed as_____________ a. Door dressing b. Window dressing c. Table dressing d. All the options
- The following are some of the factors that influence the market price of a corporation: I. Industry prospects where the company operates II. Dividend declaration III. Management competency in terms of operating efficiency of the company IV. Profitability and good liquidity of the business Which of the above are external factors uncontrollable by the management? II and III None of the above II, III, and IV I and IV17. Which of the following is not a reason why companies are not always entirely clear on their dividend policy? A. For fear of giving away sensitive information. B . In order to maintain a managerial advantage over shareholders. C. Because they do not know how much is available for dividends. D. Companies have different abilities to communicateWhat is one of the ways that accounting is used to direct and control the manager of a corporation? a.Threatening to tell shareholders a mangers income if a manager makes a ‘poor financial’ decision. b.Linking of a mangers performance to a bonus that depends on accounting profit. c.Making decisions based on the accounting information regardless of managerial input. d.Using income smoothing to assure a manager that they can invest in a low risk investment.
- 18. Which of the following is not an incentive for company managers to exercise their accounting discretion? Select one: a. Accounting-based debt covenants b. Contests for corporate control c. Management compensation contracts d. Report a company's performance faithfullyDiscuss Mark 10:23-25 and its application to capital rationing and maximizing shareholder wealth. Capital rationing could affect the returns to shareholders. An ethical dilemma is faced by the executives of the business. Capital rationing could affect the stakeholders (other than the shareholder) of the business. Should capital constraints modify the principle of maximizing shareholder wealth?How can accountants reduce bad earnings? Question 8 options: Monitor Managers Improve Disclosure Decrease Disclosure Monitor Investors
