Accounting profits and related components are among the information considered by individuals when making decisions. Profit sustainability is one of the qualitative characteristics of accounting profit that is based on accounting information and helps investors in assessing future profits and cash flows of the company. In addition, the reported profit figure is important for investors and the decision Their effects. Investors in estimating future earnings and expected cash flows not only pay attention to accounting profit margins, but also to the sustainable profit segment more than the volatile sector. Awareness of profit sustainability can be used to predict returns. Profit awareness refers to the quality of earnings that expresses the ability of reported earnings to help shareholders in the company's valuation process. Management strives for periodic fluctuations in order to achieve sustainable earnings Eliminate profits and plan profits at a steady growth rate, which makes the company's future outlook look good and its performance acceptable. Profit management may lead to an increase or decrease in profit sustainability. On the one hand, companies are realistically increasing their profits this year by managing real profits, and this will reduce the sustainability of profits as profits change artificially, which can have devastating effects. On the other hand, real earnings management can lead to smoothing of profits and signals about the future profitability of the company, which in turn leads to increased profitability of profitability (marking theory). Therefore, the present study examines the impact of real earnings management on two important aspects of earnings quality such as earnings sustainability and earnings awareness about future cash flows. In this regard, a sample of 129 companies listed on the Tehran Stock Exchange during the period 2011-2016 was selected and tested. For this purpose, the Jones model (1991) was used to measure earnings management. The results using multiple regression methods show that real earnings management has a negative relationship with earnings stability, ie with increasing earnings management, earnings stability decreases; Real earnings management also reduces the relationship between current earnings and future cash flows.