New IFAC Publication Focuses on Quality of Earnings

The International Federation of Accountants’ (IFAC) Financial and Management Accounting Committee (FMAC) has released a new publication designed to educate management, accountants and other business decision makers about a wide range of issues that impact the quality of earnings.

Quality of Earnings Case Study Collection was first published by the American Institute of Certified Public Accountants (AICPA). “Recognizing the importance of earnings quality in the financial reporting and regulatory communities and its impact on the confidence of investors in global financial markets, FMAC decided to reissue the publication and make it available to a broader international audience,” states Bill Connell, FMAC chairman.

The collection includes more than a dozen articles addressing a wide range of issues such as capital market expectations and valuations, estimates/methods, revenue recognition, business combinations, and working capital management. The case studies are designed to put the reader in the seat of executives making decisions that could impact the future of their company, as well as their own and their employees’ livelihoods. They raise a number of real-life ethical, management, and accounting issues and show how they were resolved.

Quality of Earnings Case Study Collection is available in both a print and electronic version. It may be accessed free of charge by going to the IFAC online bookstore ( and downloading it from the FMAC section of the store. Print copies may be ordered through the online store or by calling IFAC at +1-212-286-9344, ext. 103.

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