DATA ANALY ACCT + CONNECT LL
1st Edition
ISBN: 9781266167867
Author: RICHARDSON
Publisher: MCG/CREATE
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Chapter 6, Problem 8P
To determine
Explain how sentiment analysis of the 10-K might assess the level of bias of the annual reports.
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If a particular accounting choice is considered aggressive in nature, then the fi nancialperformance for the current period would most likely :A . be neutral.B . exhibit an upward bias.C . exhibit a downward bias.
Which of the following is NOT an example of a metric that companies are likely to use to measure some aspect of performance?
a. Operating income
b. CEO salary
c. Cash flows
d. Average employee tenure
Financial ratio analysis is a widely used tool for assessing the "health" of an organization and identifying any specific areas of weakness within the operation that may require management attention. Show us the formula for the ratio and explain in plain terms what the ratio tells us about the company's performance or operational efficiency. Also be sure to indicate whether it's better for the ratio's calculated result to be a higher or lower value.
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- Which of the following statements is false? A. The four dimensions of performance that are considered in a balanced scorecard are financial, customer, internal process, and learning and growth B. A balanced scorecard will include qualitative and quantitative measures. C. Stakeholders cannot include stockholders. D. A balanced scorecard is the compatibility between personal goals and the goals of the organization.arrow_forwardThe concept of earnings quality has several dimensions, but two characteristics often dominate. The accounting information should be a fair representation of performance for the reporting period and, The information should provide relevant information to forecast expected future earnings. Provide a specific example of poor accounting quality that would hinder to forecasting of expected future earnings.arrow_forwardWhy would managers be willing to make decisions based on estimated revenues and expenses instead of only on actual financial data?arrow_forward
- Which one of the following would be considered a financial cost of organizational control? The cost of failing to recognize opportunities to increase sales due to data loss. The cost of having financial statements audited by an independent accounting firm. The cost of an upset customer who leaves the store because it took too long for a manager to approve a price adjustment for a customer farther up in the line.arrow_forwardWhat should an organization do if performance measures change? A. Make sure that the manager being evaluated is aware of the measurement change, as this may affect his or her decision-making. B. Make sure that the manager benefits without the corporation also benefitting. C. Make sure that there are significant overriding opportunities for each manager, if the manager is unaware of the change. D. Obtain customer surveys on the change before communicating the change to the manager.arrow_forwardWhen it is impossible to determine whether a change is a change in estimate or a change in policy, the company should consider the change is considered a change in policy. is considered an error correction. is considered a change in estimate. can be considered either a change in policy or a change in estimate.arrow_forward
- Which of the following is true about designing an accounting−based performance measure? A. Management's beliefs are not required during the analyses. B. The issues considered in each step are independent. C. The decisions made in steps are followed in a hierarchical order. D. Behavioral criteria are important when evaluating the stepsarrow_forwardWhich of the following best describes the potential impact of business risk on Earnings Quality? Select one: a. Business risk is mostly composed of financial risk factors and it has minimal effect on earnings quality. b. Higher earnings quality is linked with companies more insulated from business risk. While business risk is not primarily a result of management’s discretionary actions, this risk can be lowered by skillful management strategies.' c. A higher level of earnings quality can be observed in the industries with high business risk, because higher risk means higher returns d. For managing business risk, the managers almost have no discretion, therefore business risk is not directly or indirectly related to earnings quality.arrow_forwardWhich of the following is not a managerial planning or control report? Effectiveness of advertising and promotionAnalysis of bad debt and credit policies Sales analysis and profitability analysisInventory availabilityarrow_forward
- Which of the following is not a characteristic of a good performance measurement system? A. timely B. consistent C. based on activities over which managers have no control or influence D. uses both long- and short-term performances and standardsarrow_forwardIs there a way to prevent managers from focusing on accounting measures as performance measures?arrow_forwardWhich of the following is NOT a factor that managers should consider in deciding how to allocate resources across customers? Select one: a. customer growth potential b. customer retention likelihood c. economic forecasts d. short-run and long-run customer profitabilityarrow_forward
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