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Based on your reading of Commentary on Earnings Management by Schipper (1989) answer all the following questions: 1. Explain how managers use the accounting standards to manage company's earnings. 2. Explain how earnings management from an informational perspective differs from the true income perspective. 3. Explain when and why the users of financial statements are not able to detect earnings management. 4. According to the Accounting research, managers cannot manipulate all the carnings and Schipper (1989) offered ways to detect any managed earnings. Explain the above statement and give an example from Schipper's commentary paper, Based on your reading of Commentary on Earnings Management by Schipper (1989) answer all the following questions: 1. Explain how managers use the accounting standards to manage company's earnings. 2. Explain how earnings management from an informational perspective differs from the true income perspective. 3. Explain when and why the users of financial statements are not able to detect earnings management. 4. According to the Accounting research, managers cannot manipulate all the carnings and Schipper (1989) offered ways to detect any managed earnings. Explain the above statement and give an example from Schipper's commentary paper

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