PART A: Definition and Explanation of Benefits Management (i) Definition of Benefits Management (181 words) Researchers have attempted to develop the definition of Retention Management benefits, but there has been inconsistency in the definition literature. According to Schipper (1989), earnings management is defined as “deliberate intervention in the external financial reporting process with the aim of obtaining private gain”. Another, more expansive definition is presented by Healy and Wahlen, according to which "earnings management occurs when managers exercise judgment in financial reporting and in structuring transactions to modify financial reports to induce certain stakeholders to mislead about the underlying economic performance of the company, or to influence contractual outcomes that depend on reported accounting figures” (Healy and Wahlen, 1998). In a basic interpretation, earnings management is a strategy employed by a company's management to carefully manipulate company profits so that final results match a predetermined goal. It's also about "reasonable and lawful management decision-making and reporting intended to achieve stable and predictable financial results," McKee said. It also highlights the need to understand the concept constructively instead of confusing it with financial accounting fraud.(ii) Common Methods of Earnings Management (275 words)There are many different methods of earnings management, such as choice of accounting policy, use of accrual accounting, income smoothing, management of real activities, cookie jar technique, “deep end” write-off. In the context of this article, two methods will be proposed: the cookie jar technique and the big bath radiation. In terms of first on...... middle of paper ......d taxes. The 2012 loss can be explained by the serious consequences of the Australian government's decision in June 2011 to suspend exports of live cattle to Indonesia, which led to a reassessment of the fair value of the cattle and a change in its net market value up to almost ten times. figures from previous years.PART C: Conclusion (79 words)The report begins with the definition of results management and examines different methods for pursuing results management. As part of this report, the importance of the concept has been highlighted along with various factors that impact results management. In the second part, an example of Australian Agricultural Company is analyzed from the perspective of earnings management and accounting standards with respect to the treatment of biological assets, liabilities and the cash position of the organization..