Search results
Results From The WOW.Com Content Network
Accruals quality: The manager has considerable control over the amounts and timing of accruals. If the manager uses this control over accruals to influence the amount of reported net income, they are called discretionary accruals.
The extent and impact of discretionary accruals, The transparency and completeness of disclosures, The impact of low reported earnings on corporate image, The company's handling of "bad news," [2] and; The degree to which earnings are good estimates of cash flows. [3]
Earnings management, in accounting, is the act of intentionally influencing the process of financial reporting to obtain some private gain. [1] Earnings management involves the alteration of financial reports to mislead stakeholders about the organization's underlying performance, or to "influence contractual outcomes that depend on reported accounting numbers."
The threshold value is -1.78 for the model whose coefficients are reported above. (see Beneish 1999, Beneish, Lee, and Nichols 2013, and Beneish and Vorst 2020). If M-score is less than -1.78, the company is unlikely to be a manipulator. For example, an M-score value of -2.50 suggests a low likelihood of manipulation.
Discretionary accounts can benefit from better timing. If your broker sees a particularly good opportunity, they have the flexibility to pursue it without needing to wait for you to get back to them.
Discretionary spending is non-essential spending that isn't mandatory for your basic needs like shelter, food, healthcare, work and personal care. Many expenses are essential, but discretionary...
According to one version of the discounted cash flow valuation model, the intrinsic value of a company is the present value of all future expected free cash flows. In this case, the present value is computed by discounting the free cash flows at the company's weighted average cost of capital (WACC).
Image source: The Motley Fool. DXC Technology (NYSE: DXC) Q3 2025 Earnings Call Feb 04, 2025, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...