Valuation Based on Earnings (Income)

This chapter contains sections titled: Earnings Defined Types of Earnings Operating Earnings are Key to Value Earnings are Relative to Revenues and Expenses Earnings are Ultimately Based on Assets Hard Times Reveal Earnings-Asset Connection How the Standard Setters Currently Define Earnings A Brief Pause to Look at Our Compass The Other Side of the Equation: Revenues Minus Expenses How XBRL Can Connect the Dots between Earnings and Assets Earnings Management and Fraud Earnings Caveat from a Sage The Quality of Earnings Models to Assess Earnings Earnings Guidance: A Waning Trend? Consensus Earnings Programs Earnings Examples EPS: An Emerging Standard Earnings-Based Valuation by Industry Impact on Industries of New Global Accounting Standards for Revenue Recognition Is a New Earnings Measure Needed? Lens Check Conclusion Appendix 3.1: Hoover's Definitions of Basic Income Statement Terms Appendix 3.2: Ratios and Other Valuation Indicators Using Earnings Appendix 3.3: Net Income Example Notes