We investigate the impact of conditional conservation on the ability of accruals and its components to predict future cash flows. We first demonstrate that conditional conservatism has increased over the period from 1988 to 2013 due to an increase in timely loss recognition and asymmetric timely...

Prior accounting research uses the width of management range forecasts as a measure of managers' uncertainty about future earnings. However, range forecasts do not provide any information about the likelihood that future earnings will fall within the forecast bounds. The absence of information...