Principles of Managerial Finance
Principles of Managerial Finance
17th Edition
ISBN: 9781323419656
Author: Gitman
Publisher: PEARSON
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Chapter 3.1, Problem 1FOE
Summary Introduction

Case summary:

The Journal WS most expected “earnings season arrives. At the time of earnings season, most of the companies unveil the quarterly performance. Most of the investors are aware of the disadvantages of judging the firms on the basis of reported earnings.

Few firms are notorious for steadily beating analysts’ estimates. Person WF provides 3 bits of advice, which is related to financial reporting. At last, Person WF notices that the managers, which often promises to make the numbers.

To explain: The reason for financial managers to be tempted to manage the earnings.

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