Case summary:
The Journal WS most expected “earnings season arrives. At the time of earnings season, most of the companies unveil the quarterly performance. Most of the investors are aware of the disadvantages of judging the firms on the basis of reported earnings.
Few firms are notorious for steadily beating analysts’ estimates. Person WF provides 3 bits of advice, which is related to financial reporting. At last, Person WF notices that the managers, which often promises to make the numbers.
To explain: Whether it is ethical for the managers to manage the earnings if they reveal their activities towards the investors.
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Principles of Managerial Finance Plus NEW MyLab Finance with Pearson eText -- Access Card Package (14th Edition) (Pearson Series in Finance)
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