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| Author: | McInnis, J. Collins, D.W. |
| Title: | The effect of cash flow forecasts on accrual quality and benchmark beating |
| Journal: | Journal of Accounting & Economics
2011 : APR, VOL. 51:3, p. 219-239 |
| Index terms: | cash flow forecasting earnings management |
| Freeterms: | accruals quality |
| Language: | eng |
| Abstract: | When analysts offer forecasts of earnings and operating cash flow, there is also implicitly provided a forecast of total operating accruals. This paper proposes that this increases the transparency and the expected costs of accrual manipulations used to manage earnings. Thus, it is predicted and found that accrual quality improves and firms' propensity to meet earnings benchmarks declines following the provision of cash flow forecasts etc. |
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