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1、外文翻译EarningsQuality:It’sTimetoMeasureandReportSource:http://www.nysscpa.org/cpajournal/2005/1105/essentials/p32.htmAuthor:JodiL.Bellovary,DonE.Giacomino,andMichaelD.AkersNOVEMBER2005-Earningsqualityisanimportantaspectofevaluatinganentity’sfinancialhealth,yeti
2、nvestors,creditors,andotherfinancialstatementusersoftenoverlookit.Earningsqualityreferstotheabilityofreportedearningstoreflectthecompany’strueearnings,aswellastheusefulnessofreportedearningstopredictfutureearnings.Earningsqualityalsoreferstothestability,persi
3、stence,andlackofvariabilityinreportedearnings.Theevaluationofearningsisoftendifficult,becausecompanieshighlightavarietyofearningsfigures:revenues,operatingearnings,netincome,andproformaearnings.Inaddition,companiesoftencalculatethesefiguresdifferently.Theinco
4、mestatementaloneisnotusefulinpredictingfutureearnings.TheSECandtheinvestingpublicaredemandinggreaterassuranceaboutthequalityofearnings.Analystsneedamoresuitablebasisforearningsestimates.CreditratingagenciesareunderincreasedscrutinyoftheirratingsbytheSEC.Suchc
5、omfortlevelandinformationarenotprovidedintheauditreportorthefinancialstatements.Only27%offinanceexecutivesrecentlysurveyedbyCFO“feel‘veryconfident’aboutthequalityandcompletenessofinformationavailableaboutpubliccompanies”[“It’sBetter(andWorse)ThanYouThink,”byD
6、.DurfeeMay3,2004].Thereareavarietyofdefinitionsandmodelsforassessingearningsquality.Theauthorshaveproposedauniform,independentdefinitionofqualityofearningsthatallowsforthedevelopmentofanEarningsQualityAssessment(EQA)model.TheproposedEQAmodelevaluatesthedegree
7、towhichacompany’sincomestatementreportsitstrueearningsandtheextenttowhichitcanpredictandanticipatefutureearnings.EarningsQualityDefinedAvarietyofearnings-qualitydefinitionsexist.Teets[“QualityofEarnings:AnIntroductiontotheIssuesinAccountingEducation,”Issuesin
8、AccountingEducation,17(4),2002]statesthat“someconsiderqualityofearningstoencompasstheunderlyingeconomicperformanceofafirm,aswellastheaccountingstandardsthatreportonthatunderlyingphenomeno
