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Is Guidance a Macro Factor? the Nature and Information Content of Aggregate Earnings Guidance

Author : Carol Anilowski Cain

Publisher :

Page : 53 pages

File Size : 32,20 MB

Release : 2007

Category :

ISBN :

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Book Description

Although a great deal of research documents the information content of management earnings forecasts at the firm level, there is little research on the informativeness of aggregate earnings guidance. We argue that aggregate earnings guidance is potentially informative at the market/economy level through its effects on expectations about market-level expected future cash flows and expected returns. We find that aggregate guidance, especially relative levels of quarterly downward guidance, is associated with analyst- and time-series-based measures of aggregate earnings news. We also find some evidence that guidance - again, largely downward guidance - is associated with market returns.



Research in Accounting Regulation

Author : Gary Previts

Publisher : Elsevier

Page : 378 pages

File Size : 27,40 MB

Release : 2006-01-27

Category : Business & Economics

ISBN : 0080462812

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Book Description

The scope of service provided by professional accountants is influenced by legislation and case law as well as the dictates of a variety of government and private sector agencies; including State Boards of Accountancy, Academic Accreditation Bodies, the United States Securities and Exchange Commission, the Public Accounting Oversight Board, independent standard setting bodies such as the Federal Accounting Standards Advisory Board [US], the Financial Accounting Standards Board [US] and the International Accounting Standards Board. These entities and self-regulatory organizations such as U.S. State Societies of CPAs and the American Institute of Certified Public Accountants and equivalent and emerging national bodies that exist in most developed and developing countries, are among the emerging entities which attempt to coordinate the activities of professional accountants among sovereign nations. It is important for academics, students, practitioners, regulators and researchers to consider and study the role and relationship of such bodies with the practice and content of our discipline. Research in Accounting Regulation seeks high quality manuscripts which address accounting regulatory policy, broadly defined, including: 1. self regulatory activities 2. case law and litigation 3. legislation and government regulation 4. the economics of regulation of markets, and disclosure, including modeling 5. matters involving the structure of education, licensing, and accreditation The editors encourage submission of original empirical, behavioral or applied research manuscripts which consider strategic and policy implications for regulation, regulatory models and markets. It is intended for individual researchers, practitioners, regulators and students of accountancy who desire to increase their understanding of the regulation of accountancy.



Risk Analysis and Management - Trends, Challenges and Emerging Issues

Author : Ales Bernatik

Publisher : CRC Press

Page : 284 pages

File Size : 35,40 MB

Release : 2017-06-26

Category : Science

ISBN : 1351966855

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Book Description

This book collects the papers presented at the 6th International Conference on Risk Analysis and Crisis Response (RACR-2017) held in Ostrava/Prague, Czech Republic, on June 5-9, 2017, organized by VSB-Technical University of Ostrava, Czech Republic. The overall theme of the sixth international conference on risk analysis and crisis response is Risk Analysis and Management – Trends, Challenges and Emerging Issues, highlighting science and technology to improve risk analysis capabilities and to optimize crisis response strategy. This book contains primarily research articles of risk issues. Underlying topics include natural hazards and major (chemical) accidents prevention, disaster risk reduction and society resilience, information and communication technologies safety and cybersecurity, modern trends in crisis management, energy and resources security, critical infrastructure, nanotechnology safety and others. All topics include aspects of multidisciplinarity and complexity of safety in education and research. The book should be valuable to professors, engineers, officials, businessmen and graduate students in risk analysis and risk management. About the book series Communications in Cybernetics, Systems Science and Engineering - Proceedings (CCSSEP) is a cross-disciplinary book series devoted to theoretical and applied research contributions, that cater to a rapidly growing worldwide interest in a cybernetic and systemic methodology with an ever-increasing capacity to deal with new challenges in a way that traditional science cannot. The series aims to become a comprehensive reference work on and guide to developments within the field and strategies required for better implementation of advances, with a view to environmental protection and sustainable social and economic development. The CCSSE series targets all working in theoretical and applied fields of cybernetics, systems science and engineering, e.g. academics, researchers and consultants, computer and information scientists, development and systems engineers, mathematicians, management cyberneticists and systemists, medical scientists, and intelligent and manufacturing engineers in industry, as well as leading decision- and policy-makers. Series editor: Jeffrey ‘Yi-Lin’ Forrest





Analyzing the Distributional Impact of Reforms: A practitioner's guide to trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy, and education

Author : World Bank

Publisher : World Bank Publications

Page : 318 pages

File Size : 14,68 MB

Release : 2005

Category : Business & Economics

ISBN : 9780821361818

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Book Description

This publication is a practitioner's guide for analyzing the distributional impact of reforms to trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy and education. These six areas of policy reform are the ones most likely to have an impact on distribution and poverty. Such analysis helps in policy formulation and development and for implementing poverty reduction strategies in developing countries. Each chapter in this volume provides an overview and guidance on the specific issues arising in the analysis of the distributional impacts of policy and institutional reforms in selected sectors.



BlackRock's Guide to Fixed-Income Risk Management

Author : BlackRock, Inc.

Publisher : John Wiley & Sons

Page : 455 pages

File Size : 10,82 MB

Release : 2023-10-25

Category : Business & Economics

ISBN : 1119884888

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Book Description

An irreplaceable roadmap to modern risk management from renowned experts on the subject Edited by a co-founder and the former Chief Risk Officer of BlackRock—the world’s largest asset manager—BlackRock’s Guide to Fixed-Income Risk Management delivers an insightful blueprint to the implementation of a comprehensive investment risk management framework for buy-side firms. Leveraging the unprecedented academic and professional experience of current and former senior leaders in BlackRock’s risk and portfolio management functions, as well as trading, financial modeling, and analytics experts, the book serves a practitioner’s guide to investment risk management, leveraging BlackRock’s risk management framework. The included chapters combine to provide chief investment officers, risk managers, portfolio managers, researchers, and compliance professionals an approach to investment risk management well-suited for today's and tomorrow's markets. The book also presents: Critical elements that underpin a strong risk management program and culture Fixed income risk management concepts and theories that can be applied to other asset classes Lessons learned from financial crises and the COVID-19 Pandemic Ideal for undergraduate students and students and scholars of business, finance, and risk management, BlackRock’s Guide to Fixed-Income Risk Management is a one-of-a-kind combination of modern theory with proven, practical risk management strategies.



Audit and Accounting Guide Depository and Lending Institutions

Author : AICPA

Publisher : John Wiley & Sons

Page : 856 pages

File Size : 36,39 MB

Release : 2017-10-30

Category : Business & Economics

ISBN : 1945498404

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Book Description

The 2017 edition of this industry standard resource offers clear and practical guidance of audit and accounting issues such as transfers and servicing, troubled debt restructurings, financing receivables and the allowance for loan losses, and fair value accounting. It also provides direction for institutions assessing their operations and internal controls for regulatory considerations as well as discussions on existing regulatory reporting matters. Updates include: SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern SSAE No. 18, Attestation Standards: Clarification and Recodification Note: FASB ASU No. 2016-13 will have a significant impact on the guide; however, incorporation of guidance will not occur until the 2018 or 2019 edition of the guide.



How to be a More Efficient Radiologist: A Guide to Practice, Reporting, and Workflow Optimization

Author : Long H. Tu

Publisher : Salem Publishers

Page : 205 pages

File Size : 16,69 MB

Release : 2024-01-15

Category : Medical

ISBN :

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Book Description

Formal training in radiology focuses on the identification and characterization of abnormality. Such skills are necessarily, but not sufficient to thrive in modern practice. One of the greatest predictors of professional satisfaction and overall productivity for radiologists is work efficiency – a skill not often formally taught. This book provides a comprehensive review of techniques that a radiologist may use to improve work speed, without compromising quality. Small differences across many domains (e.g., image analysis, reporting, and communication) add up to large differences in work efficiency. Topics covered in this text include (though are not limited to): Why Developing Efficiency is a Training Priority Overarching Principles in Improving Efficiency PACS Interface Optimization Overview of Effective Reporting Efficient Dictation Tips Macro Optimization Macro Special Functions and Organization Educational Preparation (For Residents and Fellows) Workflow Organization (For Attendings and Practices) Physiological and Cognitive Optimization Environmental Optimization Hardware Optimization AutoHotKey and Macro Scripting Automation, Informatics, and Other Efficiencies The Future of Radiologic Efficiency Even if a hundred of hours of education early in one's career were required to develop a 1% improvement in speed, our estimates suggest that this would produce a greater than 500% return on investment in reclaimed hours and compensation over time. Most trainees and radiologists are likely to achieve far greater (10-100%) improvements in speed with dedicated efforts. Not all variation in efficiency is easily modified. However, the strategies we discuss can help radiologists hone their abilities to the greatest extent possible. This book can be a useful guide on your journey in becoming the best – most accurate, thoughtful, and efficient – radiologist you can be.





A Pragmatist’s Guide to Leveraged Finance

Author : Robert S. Kricheff

Publisher : Harriman House Limited

Page : 238 pages

File Size : 32,95 MB

Release : 2021-05-25

Category : Business & Economics

ISBN : 0857198505

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Book Description

The high-yield leveraged bond and loan market is now valued at $4+ trillion in North America, Europe, and emerging markets. What’s more the market is in a period of significant growth. To successfully issue, evaluate, and invest in high-yield debt, financial professionals need credit and bond analysis skills specific to these instruments. This fully revised and updated edition of A Pragmatist’s Guide to Leveraged Finance is a complete, practical, and expert tutorial and reference book covering all facets of modern leveraged finance analysis. Long-time professional in the field, Bob Kricheff, explains why conventional analysis techniques are inadequate for leveraged instruments, clearly defines the unique challenges sellers and buyers face, walks step-by-step through deriving essential data for pricing and decision-making, and demonstrates how to apply it. Using practical examples, sample documents, Excel worksheets, and graphs, Kricheff covers all this, and much more: yields, spreads, and total return; ratio analysis of liquidity and asset value; business trend analysis; modeling and scenarios; potential interest rate impacts; evaluating leveraged finance covenants; how to assess equity (and why it matters); investing on news and events; early-stage credit; bankruptcy analysis and creating accurate credit snapshots. This second edition includes new sections on fallen angels, environmental, social and governance (ESG) investment considerations, interaction with portfolio managers, CLOs, new issues, and data science. A Pragmatist’s Guide to Leveraged Finance is an indispensable resource for all investment and underwriting professionals, money managers, consultants, accountants, advisors, and lawyers working in leveraged finance. It also teaches credit analysis skills that will be valuable in analyzing a wide variety of higher-risk investments, including growth stocks.