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Analysts’ GAAP Earnings Forecasts and Their Implications for Accounting Research

Bradshaw, Mark - 2018

We examine analysts' GAAP earnings forecasts and illustrate their usefulness in two prominent research settings. First, we find that the availability of GAAP forecasts has increased dramatically since 2003, and they are now available for most I/B/E/S-covered firms. Next, we utilize GAAP...

Persistent link: https://www.econbiz.de/10012937955

A Research Based Perspective on SEC’s Proposed Rule on ROADMAP FOR Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards (IF...

Jamal, Karim - 2013

principles based accounting standards such as IFRS are likely to be realized only if auditors are also principles based. Third … use of international financial reporting standards (IFRS) by U.S. Companies. We comment on five key issues raised by the ….S. companies to choose use of U.S. GAAP or IFRS rather than mandating one global monopoly set of standards. Second, we agree that …

Persistent link: https://www.econbiz.de/10012710671

A Perspective on the SEC's Proposal to Accept Financial Statements Prepared in Accordance with International Financial Reporting Standards (IFRS) Without Reconciliation to U.S. GAA...

Jamal, Karim - 2013

. Accounting researchers have attempted to assess the quality of IFRS using different methods and criteria. While we are skeptical … statements prepared in accordance with international financial reporting standards (IFRS) without reconciliation to U.S. GAAP … of drawing direct conclusions about the SEC's proposal based on this research, there is adequate evidence that both IFRS …

Persistent link: https://www.econbiz.de/10012711326

Non-GAAP Earnings : A Consistency and Comparability Crisis?

Black, Dirk E.; Christensen, Theodore E.; Ciesielski, … - 2021

We use a novel data set to examine the across-time consistency and across-firm comparability of firms’ non-GAAP earnings disclosures. Given widespread concern about non-GAAP reporting among regulators, standard setters, the investor community, and academics, our investigation provides timely...

Persistent link: https://www.econbiz.de/10013248158

Assessing the Relative Informativeness and Permanence of Pro Forma Earnings and Gaap Operating Earnings

Bhattacharya, Neil; Black, Ervin L.; Christensen, … - 2013

This study investigates whether market participants perceive pro forma earnings to be more informative and more persistent than standard GAAP operating income by analyzing a sample of 1,149 actual pro forma press releases issued between January 1998 and December 2000. We find that pro forma...

Persistent link: https://www.econbiz.de/10014074356

Assessing the Relative Informativeness and Permanence of Pro Forma Earnings and Gaap Operating Earnings

Bhattacharya, Neil; Black, Ervin L.; Christensen, … - 2013

This study investigates whether market participants perceive 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. We find that pro forma announcers report frequent GAAP losses and are mostly...

Persistent link: https://www.econbiz.de/10014116763

Response to the Financial Accounting Standards Board's and the International Accounting Standard Board's Joint Discussion Paper Entitled, 'Preliminary Views on Financial Statement...

Colson, Robert H. - 2013

The Financial Accounting Standards Board's (FASB's) and the International Accounting Standard Board's (IASB's) issued a … information for financial decision makers. This paper sets forth the AAA's Financial Accounting Standards Committee's summary …

Persistent link: https://www.econbiz.de/10013095825

A framework for financial reporting standards : issues and a suggested model ; American Accounting Association's Financial Accounting Standards Committee (AAA FASC)

Ohlson, James A.; Penman, Stephen; Bloomfield, Robert; … - In: Accounting horizons : a quarterly publication of the … 24 (2010) 3, pp. 471-485

Persistent link: https://www.econbiz.de/10008698019

Optimistic Reporting and Pessimistic Investing : Do Pro Forma Earnings Disclosures Attract Short Sellers?

Christensen, Theodore E. - 2012

We contribute to the debate regarding the informativeness of pro forma earnings disclosures by providing evidence that a group of informed traders, short sellers, trade as if firms' voluntary non-GAAP earnings disclosures create information advantages they can exploit. While prior research...

Persistent link: https://www.econbiz.de/10013117080

The Quality of Street Cash Flow from Operations

Brown, Nerissa C. - 2014

We provide empirical evidence on the quality of street cash flow from operations (CFO) as an alternative financial performance summary measure. We focus our investigation on the quality of the items analysts exclude in their determination of street CFO. Based on a sample of 8,518 firm-year...

Persistent link: https://www.econbiz.de/10013065046