Income, expenses, gains, and losses with similar informational properties can, in principle, be aggregated and presented as subsets of comprehensive income without losing information. Of particular importance is the splitting of comprehensive income into earnings and all other items. Earnings is...

The article discusses the corporate shift toward global financial reporting standards, and what that change will mean to United States businesses. The article states that by 2005, there will likely be only two accounting boards with a dominating influence on global reporting: the Financial...

This paper examines analysts' use of earnings information and draws implications for the stock market role of the financial reporting regulator. Evidence from participant observation and from interview research suggests that: first, analysts treat the announcement of earnings with immediacy and...

Asserts that valuation models are not used exclusively to value shares, but that variables such as dividend yield are preferred by analysts to the dividend discount model. Surveys 42 questionnaires from financial analysts, 40 semi-structured interviews with finance directors, 32 with analysts,...

Prior research has shown that analysts’ preferred valuation models are the price-earnings (PE) ratio and the dividend yield. This paper presents strong evidence that the relative importance of these two models varies according to stock market sector. Companies in the services, industrials and...

The theoretical distinction between information efficiency and fundamental efficiency suggests an important question for accounting research, which is whether (and to what extent) there exists an equilibrium mechanism whereby fund managers investment decisions can be fully informed. This...