عرض العناصر حسب علامة : إدارة الأرباح
الأحد, 16 يناير 2022 13:30
Master Study: Are Corporate Dividend Policy, Earnings per Share and Share Price Affect Tax Aggressiveness Using Interest Coverage as an Intermediary Variable?
The purpose of this research is to investigate the interaction and the nature of relation between corporate dividend policy, earnings per share and the market price of the stock and planning of the corporate toward tax aggressiveness using interest coverage ratio as an intermediary variable.
معلومات إضافية
- البلد مصر
نشر في
رسائل ماجستير و دكتوراة
موسومة تحت
الأحد, 16 يناير 2022 13:24
رسالة ماجستير: العلاقة بين تطوير الإطار المفاهيمي للمحاسبة المالية في ضوء معايير IFRS وجودة الأرباح المحاسبية بمنظمات الأعمال المقيدة ببورصة الأوراق المالية المصرية
هدفت هذه الدراسة إلى تحليل العلاقة بين تطوير الإطار المفاهيمي للمحاسبة المالية في ضوء معايير (IFRS) وجودة الأرباح المحاسبية بمنظمات الأعمال المقيدة ببورصة الأوراق المالية المصرية
معلومات إضافية
- البلد مصر
نشر في
رسائل ماجستير و دكتوراة
الأحد, 16 يناير 2022 14:20
رسالة ماجستير: دراسة تحليلية لأثر معيار IFRS9 على جودة التقارير المالية بالبنوك المصرية في ظل جائحة كورونا
شهد العالم الاقتصادى العديد من الأزمات المصرفية المتکررة على المستويين المحلي والدولي، على مدار الأربعين سنة الماضية، مثل الأزمة المالية العالمية وأزمة الديون السيادية الأوروبية وأزمة القروض غير العاملة، جميع هذه الأوقات العصيبة في تاريخنا المالي الحديث، تدل على جوهر طبيعة أعمال البنوک الخطرة (Luca et al,2020)، ويتفاقم أثر تلک الازمات على قطاع البنوک في ظل قدرة معدى التقارير المالية باستخدام ما يتوافر لديهم من خبرات ومهارات محاسبية في خداع مستخدمى القوائم المالية باستخدام آليات ادارة الارباح، وقد اثبتت الممارسات العملية ان ادارات البنوک بشکل عام لا تجد أفضل من مخصصات القروض في ادارة ارباحها (حسن، 2016) .
معلومات إضافية
- البلد مصر
نشر في
رسائل ماجستير و دكتوراة
الأحد, 09 يناير 2022 07:50
رسالة ماجستير: أثر تتبع المحللين الماليين والمكافآت الإدارية والصحة المالية للشركة على إدارة الأرباح بإعادة تصنيف بنود قائمة الدخل وإنعكاسها على دقة تنبؤات المحللين الماليين
تهدف هذه الدراسة إلى اختبار أثر تتبع المحللين الماليين والمکافآت الإدارية والصحة المالية على إدارة الأرباح
معلومات إضافية
- البلد مصر
نشر في
رسائل ماجستير و دكتوراة
الأربعاء, 05 يناير 2022 10:34
رسالة ماجستير: قياس الأثر التفاعلي لمستويات عدم تماثل سلوك التكلفة وممارسات إدارة الأرباح بالأنشطة الحقيقية على جودة الأرباح المحاسبية
استهدف البحث قياس مدى تأثير مستويات عدم تماثل سلوک التکلفة وممارسات إدارة الأرباح بالأنشطة الحقيقية والأثر التفاعلى بينهما على جودة الأرباح المحاسبية
معلومات إضافية
- البلد مصر
نشر في
رسائل ماجستير و دكتوراة
الأربعاء, 05 يناير 2022 10:28
رسالة ماجستير: قياس أثر الرافعة المالية على المفاضلة بين التلاعب في الأنشطة الحقيقية وإدارة الأرباح على أساس الاستحقاق
هدفت الدراسة إلى قياس أثر التکاليف المرتبطة مع أسلوب التلاعب في الأنشطة الحقيقية وأسلوب إدارة الأرباح على أساس الاستحقاق على المفاضلة بينهما لتحقيق الأرباح المستهدفة، وکذلک أثر الرافعة المالية على ذلک
معلومات إضافية
- البلد مصر
نشر في
رسائل ماجستير و دكتوراة
الثلاثاء, 04 يناير 2022 12:17
رسالة ماجستير: أثر عدم تماثل المعلومات ودورة حياة الشركة على توزيعات الأرباح وإنعكاسها على إدارة الأرباح بالأنشطة الحقيقية
تهدف هذه الدراسة إلى اختبار وتحليل أثر عدم تماثل المعلومات ودورة حياة الشرکة على توزيعات الأرباح و إدارة الأرباح بالأنشطة الحقيقية ، مع اختبار وتحليل أثر توزيعات الأرباح کمتغير وسيط في العلاقة بين عدم تماثل المعلومات و إدارة الأرباح بالأنشطة الحقيقية
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رسائل ماجستير و دكتوراة
الأربعاء, 16 مارس 2022 09:07
رسالة ماجستير: أثر تبني معايير التقارير المالية الدولية IFRS على جودة التقارير المالية مقاسة بمستوى التحسن في دقة توقعات المحللين الماليين
استهدف البحث دراسة واختبار العلاقة بين تبني معايير التقارير المالية الدولية IFRS وجودة التقارير المالية مقاسة بمستوى التحسن في دقة توقعات المحللين الماليين.
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رسائل ماجستير و دكتوراة
الأحد, 21 نوفمبر 2021 15:23
الواقع البديل لإدارة الأرباح الحقيقية
قد تولد إدارة الأرباح الحقيقية مكاسب مالية قصيرة الأجل، ولكنها قد تخفي الاحتيال.
معلومات إضافية
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المحتوى بالإنجليزية
The Alternate Reality of REM
Real earnings management may generate short-term financial gains, but it could be concealing fraud.
Robert J. Knisley and Hui LinNovember 18, 2021Comments
Among the pandemic’s many impacts, occupational fraud risk has increased substantially in many companies and industries worldwide. Nearly three-fourths of respondents to the Association of Certified Fraud Examiners’ (ACFE’s) Fraud in the Wake of COVID-19: Benchmark Report–September 2020 Edition predicted fraudulent behavior to increase in the following 12 months.
As revenue streams and planned spending have been dramatically upended and altered, organizations have eliminated or drastically cut operational spending to account for the lost revenue. That opens the door for financial statement fraud risks. Financial statement fraud represents only 10% of fraud cases in ACFE’s 2020 Report to the Nations global study, yet it accounts for the highest median loss ($954,000). Further, such schemes can go undetected for as long as two years.
Real earnings management (REM) can be construed as a type of financial statement fraud in which managers intentionally create an alternative reality of what is going on within the organization’s accounts. With this fraud, management deviates from normal business practices to meet short-term earnings thresholds. That can delay bad news but eventually could cause a more significant market disappointment. As financial regulators increase scrutiny of companies’ earnings management practices, internal audit can help preemptively by assessing and monitoring operational decisions to ensure financial reliability and effective risk management.
REM PRACTICES RAISE RISKS
REM can raise audit concerns about a company’s accounting practices, and those practices also may have legal risks. Green Mountain Coffee Inc. is among several companies that have faced class-action securities fraud lawsuits stemming from the controversial practice of inflating product demand by building up inventory.
There are five ways that companies perform REM:
Overproduction to decrease cost of goods sold (COGS) expense.
Cutting desirable research and development expenditures.
Cutting general and administrative expenses of sales.
Timing the sale of fixed assets to report gains to boost current period earnings.
Encouraging customers to take excess inventory accompanied with unusual discounts or rights of return, also known as channel stuffing.
Internal auditors should be aware that managers’ intentions distinguish acceptable REM from fraudulent REM activities. For example, a manager may intentionally engage in fraud-ulent REM to achieve a bonus or avoid missing an earnings target. This behavior creates an alternate, fraudulent reality through a deliberate distortion of the financial statements.
THE ILLUSION OF COST-CUTTING
Auditors can better understand about REM practices by taking a closer look at how companies overproduce inventory to decrease COGS expenses. U.S. Generally Accepted Accounting Principles require absorption costing when valuing inventory for external financial reporting. This costing method allows companies to allocate the full manufacturing costs (variable and fixed) to a product.
Absorption costing occurs when a company assigns the direct material, direct labor, and manufacturing overhead to the product in the work-in-process account during production. Once the product is completed, the company transfers the cost of goods manufactured (COGM) from the work-in-process account to the finished goods account, where those costs reside on the balance sheet. When the finished product is sold, the company transfers the COGM off the balance sheet to the income statement as COGS.
Manufacturing overhead represents a significant percentage of overall manufacturing costs. In addition, management has discretion in determining a basis for allocating the overhead to the product, such as based on direct labor, machine hours, or volume. Therefore, internal auditors should be aware of the method management uses to allocate the overhead and whether it may have fraudulent implications. Auditors can learn this by asking the production manager or cost accountant about the allocation method in place and why it is used.
U.S. Financial Accounting Stand-ards Board (FASB) Statement of Fin-ancial Accounting Standards No. 151 provides discretion by allowing companies to account for normal excess capacity under absorption costing. However, FASB does not clearly define what constitutes normal excess capacity. This discretion provides managers an opportunity to increase manufacturing production above normal capacity — what the company is normally able to sell — to achieve analyst earnings per share, annual bonus, or enhanced financial statement performance expectations.
Although the organization’s financial statements are strengthened in the short term, the additional inventory can have an adverse long-term effect by eroding firm value and brand image. Internal auditors should determine whether the company has significantly built up inventory that exceeds planned production or forecasted sales. Such an increase would affect the inventory account on the balance sheet and the COGS account on the income statement, providing a red flag. Further, auditors should investigate the associated expenses related to the excess inventory, such as storage and insurance expenses, which would not have been incurred otherwise.
INTERNAL AUDIT AND FRAUD DETECTION
Internal audit is well-suited to examine management’s business decisions as well as investigate REM and its fraud potential. However, auditors may struggle to detect managerial intentions because of REM’s opaque nature and ability to be disguised as actual operational decisions. That is particularly unfortunate in the manufacturing industry, which suffers among the highest median losses from a case of financial statement fraud ($198,000), according to the ACFE’s Report to the Nations.
Internal auditors can use their broad access to organizational systems and many areas of the business to detect fraudulent REM activities such as overproduction of inventory. Those efforts may be helped by three types of analysis tools:
Horizontal analysis. Considers the financial performance of an account over time.
Vertical analysis. Compares the financial performance of an account to a base amount in a particular year.
Ratio analysis. Measures the relationship between financial statement accounts.
Internal auditors should use these three analysis tools together to identify areas of fraud risk and potential red flags in the financial statements. They can use horizontal analysis to compare the current balance of the inventory account to previous quarters and years. For example, if the inventory account is growing significantly over time without irregular sales volume, it could indicate there is inventory buildup for fraudulent reasons.
Vertical analysis, or common size analysis, is most useful when comparing industry benchmarks or competitors’ financial statement accounts. Common-sizing involves dividing each account into a base number — that is, the total assets for the balance sheet and revenues for the income statement — thereby showing each account as a percentage of the base number. By common-sizing the financial statements, it becomes easy to measure the relative importance of each account and provides an opportunity to compare companies of different sizes. For example, is the organization’s COGS account significantly less than industry benchmarks or competitors?
Finally, ratio analysis is helpful in measuring the relationship between the balance sheet and income statement accounts. Two ratios that would be of interest are inventory turnover and day’s sales in inventory. The inventory turnover ratio — the COGS divided by the average inventory — indicates the number of times an organization goes through its inventory in a year. If this ratio has decreased significantly over time, it could indicate an excessive buildup of inventory.
The day’s sale of inventory provides information on how much inventory an organization has available. It is calculated by dividing the ending inventory by the COGS and then multiplying by 365. A dramatic increase in this ratio could indicate an inventory issue.
Besides these analysis tools, internal auditors should monitor the organization’s budget-to-actual report monthly to identify any significant changes in inventory-related accounts. Furthermore, where analysis shows accounts with red flags, auditors should investigate further by performing more substantive tests of analytical procedures and the details of transactions and balances, as well as questioning operational personnel. Additionally, internal auditors should review the controls over manufacturing production and examine the master budget and its components. If internal auditors are familiar with REM and can detect when it is practiced, they can investigate whether the intention is to mask declining sales and report what they discover to management and those charged with governance.
THE SIGNS OF FRAUD
Buildup of inventory could be attributed to slumping sales or intense competition from competitors, rather than fraud. Being able to distinguish between fraudulent and legitimate practices is one reason why internal auditors should possess a solid understanding of their organization and the industry in which it competes.
Likewise, auditors should know what pressures and incentives influence managers’ behaviors and, ultimately, their decision-making. Analyst expectations and managerial compensation incentives can motivate managers to commit financial statement fraud through an REM fraud scheme. In turn, the manager’s REM decisions to increase manufacturing production intentionally deceive analysts, shareholders, and creditors. Such temptation is even more reason for internal auditors to take extra steps to help safeguard their organizations against fraudulent schemes in these volatile and uncertain economic times. - البلد الأردن
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موضوعات متنوعة
الأربعاء, 17 نوفمبر 2021 11:05
دراسة ماجستير: العواقب الاقتصادية لمستوى جودة الإفصاح وفقاً للتقارير المتكاملة: أدلة وقرائن عملية مبكرة من بيئة سوق الأسهم المصري
تمثل هدف القضية البحتية المطروحة من قبل الدراسة الحالية: في تقديم أدلة تفسيرية وقرائن عملية مبكرة من بيئة سوق الأسهم المصري، للعواقب الاقتصادية لمستوى جودة الإفصاح وفقاً للتقارير المتكاملة في عدة نواحي محاسبية قبل التطبيق الإلزامي لتلك التقارير في بيئة الأعمال المصرية.
معلومات إضافية
- البلد مصر
نشر في
رسائل ماجستير و دكتوراة