This paper addresses two questions related to the use of discretion over revenues. First, do firms use discretion in revenues to manage earnings to meet earnings targets? Second, do firms manage revenues to meet revenue targets? To answer these questions, the author models a common form of discretionary revenues and...
From the executive summary: ‘A long-standing question in public economics is why governments do not rely on lump-sum taxes to satisfy revenue requirements. The previous literature has found that lump-sum taxation may result in ruinous political conflict, but has not disentangled the effects of restrictions on the efficiency of tax...
Strategic leadership involves the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change and multi-functional work that involves working through others. This presentation includes points and diagrammatical discretion on strategic leadership and the strategic management process, factors affecting managerial discretion, top management teams, managerial labor markets...
This paper examines the effects on the informativeness of software companies' financial statements of limiting the amount of discretion with respect to software revenue recognition following the issuance of Statement of Position 91-1 in 1992. The requirement that companies adopt SOP 91-1 by restating earnings for prior periods allows to...
DALLAS -- Toreador Resources Corporation (NASDAQ:TRGL) today announced its board of directors has authorized a program to repurchase up to $10 million of its 5% convertible senior notes due 2025 by December 31, 2008. These repurchases will be made in the open market in compliance with Rule 10b-18...
Aegisoft , a premier global provider ofhigh performance securities trading and testing solutions, today announcedthe availability of its newest white paper, " Multi-Symbol Spread Trading ." Aimed atproviding insights into the important role that spread trading has in thefutures marketplace, the paper focuses on spread trading basics, twosymbols to N...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/9622c6/whats_news_sap) has announced the addition of the "What's News?: SAP to Acquire Visiprise" report to their offering. This aDRD (Announcement-based Data-Rich Deliverable) is part of the Manufacturing and Business Applications subscriptions. This 8-page report discusses SAP AG's announcement that it will acquire...
PHILADELPHIA, July 8 /PRNewswire-FirstCall/ -- Beneficial Mutual Bancorp, Inc. today announced that the Company has authorized the funding of a trust that will purchase up to 1,612,386, or approximately 1.96% of the Company's outstanding common stock. The shares acquired by the trust will be used to fund...
Able to detect single photons, DAPD10C Series solid-state photomultipliers offers wide spectral response from UV to NIR wavelengths. Discrete Amplification technology allows level of application-specific customization and performance optimization. Designed to potentially encompass detection of signals other than light, such as biological, chemical, and electrical signals, products have flat spectral...
Uranium Bay Resources Inc. (TSX VENTURE: UBR) is pleased to inform shareholders that Geoff Campbell, GAP Geophysics director, has completed the Wakeham geophysical report based on the summer 2007 helicopter airborne survey. Several significant uranium anomalies were identified. Further to the receipt of these results, UBR's technical team has completed...
VOIS Inc., http://www.vois.com (pronounced"Voice"), (OTCBB: VOIS) (OTCBB: VOISW) announced today that it has filed apreliminary information statement with the SEC to effect a forward stocksplit of all of the outstanding shares of our common stock at a ratio of upto 30 for one (30:1), in an amount...
SAN JOSE, Calif., July 8 /PRNewswire-FirstCall/ -- AtmelR Corporation today announced the appointment of Stephen Cumming as Vice President, Finance and Chief Financial Officer. Most recently, Mr. Cumming was the Vice President of Business Finance for Fairchild Semiconductor International Inc., where he was responsible for all...
LAS VEGAS -- Full House Resorts (AMEX: FLL) (the "Company") announced today that its Board of Directors has authorized a program to repurchase up to $1,000,000 worth of shares of the Company's common stock. These repurchases will be made in open market or in privately negotiated transactions from...
CARLSBAD, Calif., July 7 /PRNewswire/ -- The Society of Plastics Engineers in their Annual Thermoforming Division Meeting selected the INFINITITM Analyzer from AutoGenomics as a recipient of the artistic Multi-Part design award. The award given was based on revolutionary visual appeal, functionality and futuristic design. "We...
DineEquity, Inc. (NYSE: DIN), franchisor andoperator of Applebee's and IHOP restaurants, today announced that its Boardof Directors declared a quarterly cash dividend of $0.25 per common sharepayable August 19, 2008 to shareholders of record as of July 31, 2008.Future dividend declarations will be made at the discretion of the Board...
ABDUCTION Ingrid Betancourt was freed last week with help from 'kidnap and ransom' consultants Ingrid Betancourt, a former presidential candidate in Colombia, was rescued last week after six years of captivity by Marxist Farc guerrillas in one of the most spectacular pieces of...
Sir: If Fraser Nelson's insight ('Very discretely, Cameron is writing his first Queen's Speech', 28 June) into what is being planned by the Conservatives is comprehensive, then it reveals a dangerous omission which should be unacceptable to any government and particularly a Conservative one: defence policy. The defence...
Veteran Executive with Global Experience in Aerospace and Industrial Businesses NEW YORK -- Sequa Corporation, a diversified manufacturer with operations organized around six discrete operating units in the following industries: aerospace, automotive, metal coating, specialty chemical and industrial machinery, today named Armand Lauzon as Chief Operating Officer, effective...
HOUSTON -- Petrosearch Energy Corporation (OTCBB:PTSG) announced today that its Board of Directors has approved a stock repurchase plan (the "Repurchase Plan"). Under the Repurchase Plan the Company is authorized to repurchase up to $5 million of market value or 10 million shares of its common stock in open market...
Advanced Modular Calibration System includes 3 discrete components which can be used as stand-alone instruments. Rugged and weatherproof multi-function DPI 620 calibrator can measure and source mA, mV, V, Ohms, frequency, and variety of RTDs/thermocouples. Interchangeable pressure measurement modules attach to calibrator via carrier, while 3 pressure stations enable generation...
