Earnings Quality Assessment

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Lyrics

[Verse 1]
Sarah reviews the quarterly reports tonight
Numbers gleaming on her screen so bright
But hidden beneath those profit claims
Are accruals playing accounting games
She knows that earnings need a deeper test
Cash flow reveals what's truly blessed

[Chorus]
Check the Cash, Compare, Assess
Accruals high means earnings stress
Sustainable or just a show
Quality indicators help you know
CCAA - the analyst's way
Cash beats accruals every day

[Verse 2]
Working capital's climbing fast
But actual cash flows can't seem to last
Revenue recognition pushed ahead
While customers haven't paid instead
The income statement tells one tale
Cash flow statement won't fail

[Chorus]
Check the Cash, Compare, Assess
Accruals high means earnings stress
Sustainable or just a show
Quality indicators help you know
CCAA - the analyst's way
Cash beats accruals every day

[Bridge]
Days sales outstanding growing long
Inventory turnover going wrong
Depreciation seems too slow
Red flags starting now to show
Quality earnings stand the test
When cash and income interests mesh

[Verse 3]
Operating cash exceeds reported gains
That's when an analyst explains
These earnings have the strength to stay
Not manipulated or delayed
Recurring income, margins wide
True performance cannot hide

[Chorus]
Check the Cash, Compare, Assess
Accruals high means earnings stress
Sustainable or just a show
Quality indicators help you know
CCAA - the analyst's way
Cash beats accruals every day

[Outro]
When accruals ratio climbs too high
It's time to question reasons why
Quality earnings tell no lies
Cash flow never wears disguise

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