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Standard & Poor's CVC Assists Accenture to Calculate Company's S&P Core Earnings; Standardized Earnings Calculation Allows Investors to Make Consistent Comparisons Across Companies/Industries.

Publication: PR Newswire
Publication Date: 13-JAN-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- NEW YORK, Jan. 13 /PRNewswire/ -- In its January 9 announcement of first-quarter fiscal 2003 earnings, Accenture, the world's leading management consulting and technology services company, presented its quarterly earnings using not only GAAP reported earnings but also core earnings based upon Standard & Poor's Core Earnings methodology. The latter, calculated in consultation with Standard & Poor's Corporate Value Consulting division (CVC), is based upon an innovative and proprietary methodology that Standard & Poor's designed to provide a consistent and meaningful picture of a business's earnings.

Standard & Poor's Core Earnings uses existing accounting and reporting concepts under GAAP to give investors and analysts a better understanding...

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