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Research on projection by Newman and colleagues indicates that
Financial Covenants
Conditions set by lenders in loan agreements that the borrower must adhere to, designed to maintain the borrower's financial stability and safeguard the loan repayment.
Accounting Changes
Adjustments made to the accounting methods, estimates, or reporting entities of a firm, which must be disclosed to stakeholders to ensure transparency.
Discretionary Accruals
Accounting adjustments made by management's judgment, often to smooth out earnings or manipulate financial statements.
Increase Income
A financial objective focused on enhancing the amount of earnings generated by an individual or entity.
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