This paper examines whether issuing management earnings guidance motivates a firm to raise its level of performance … hone the firm’s production function to raise firm performance. We find that firms alter their operating activities to … increase performance rather than manipulating their accruals. The enhancement in firm performance from using managerial …

After three decades of public financial management reforms, around three quarters of OECD countries are using accrual … performance are not obvious to many stakeholders. Against this background, this study brings together the experience of eleven … code : H50, H60, H83 Keywords : accrual accounting, accrual reform, budgeting, transparency, performance …