摘要:

The three alternative methods of accounting are sharply distinguished, the questions regarding those methods are segregated, a criterion ‐ relevance–that will discriminate the methods is identified, and that criterion is applied to the alternatives. The relevance criterion is applied initially in the context of a simple case and subsequently in the context of more complex cases. The exit value system is supported because the exit value of an owned asset is demonstrably relevant to exchange decisions and because it fares no worse than other systems when other criteria suchas additivity, are conside

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1981.tb00104.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

The results of a survey of members of the Institute of Chartered Accountants of Scotland is reported. The survey gives evidence of the views of professionally qualified accountants concerning their support for, and the feasibility of reporting on, a cash flow basis. Considerable support was discerned for preparing company annual financial reports on a cash flow basis.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1981.tb00105.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

Lenders use financial statements to assess the ability of corporate borrowers to repay loans in the normal course of business. By some criteria, such as a frequency count of the number of financial analyses performed for different purposes, this may be the most important use of external financial reports. This study provides a brief description of the use of accounting and other information for this purpose, and reports an experiment which provides insight on whether loan officers use a linear‐additive or configural strategy when making the final judgement of ability to repay. Results also provide evidence of the extent of consensus between loan officers, the effect of individual and institutional differences, and the degree of insight by loan officers into their own cognitive processe

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1981.tb00106.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

This paper attempts to assess the extent to which the conventional income statement fulfils the information needs of the investor in developing countries. Evidence of imperfections in the market in these countries is examined, and it is demonstrated that the conventional income measure does not necessarily permit an assessment of the economic efficiency of enterprises in developing countries. An alternative measure based on the dichotomization of reported income into income due io protection and income at world prices is presented and defended as a suitable model for financial reporting in these countries.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1981.tb00107.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

‘Smoothing’ Manifestations in Fourth Quarter Results of Operations: Some Empirical EvidenceThe subject of smoothing of annual income numbers has occupied a good deal of the accounting literature. The finding of most studies was that managers offirmsdid behave as if they intended to impart a smoother trend to accounting earnings. The availability of quarterly reports provides us with an opportunity to gain insights into the timing of smoothing decisions. The paper tests the hypothesis that the observed first three quarters' results trigger actions by management during the fourth quarter that appear as smoothing behaviour. The findings indicate that the manifestations of end‐of‐year actions by managers are consistent with the possible attempt on their part to alter fourth quarter reported results so as to offset extreme deviations of the first three quarters' reported numbers from a given, predefined, ‘normal’ trend presumably deemed by managers to be desirabl

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1981.tb00108.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY