Reference no: EM133044142
Question - Relevance and faithful representation are the qualitative characteristics of useful information under SFAC No. 8. How does ethical reasoning enter into making determinations about the relevance and faithful representation of financial information?
What role do financial analysts' earnings expectations play in quality of earnings?
Explain Earnings Management?
What safeguards should be in place to mitigate the risk of management bias?
What is the external auditor's role in the process?
Discuss how and why current earnings may not be a good barometer of the long-term profits of the firm. How do non-GAAP measures of earnings address this issue?
Why is it important to analyze the historical performance of a company before constructing pro forma financial statements?
Discuss the role of the income statement and balance sheet in the estimation of required external funding and the use of financial leverage.
How does the construction of pro forma financial statements offer insight to a company's growth management challenges?
Why does financial leverage increase the variability of returns to owners?
Also, based on the questions above, what would be a good introduction page?