Accounting, Cash Flow and Value Relevance

Accounting, Cash Flow and Value Relevance - SpringerBriefs in Accounting

1st Edition 2020

Paperback (30 Jul 2020)

Save $10.36

  • RRP $72.00
  • $61.64
Add to basket

Includes delivery to the United States

10+ copies available online - Usually dispatched within 7 days

Publisher's Synopsis

Although the concept "Cash is King" is today widely recognized, the cash flow statement was rather neglected until the EU accounting regulators discovered its relevance in explaining the real value of the business. This book investigates the value relevance of the operating cash flow as reported under the International Financial Reporting Standards (IAS/IFRS) for the largest European listed companies and US listed companies in the past recent years. Using the model based on the valuation theory developed by Ohlson, which measures the market value of equity as a function of accounting variables, the author concludes that operating cash flow represents a significant variable in determining the value relevance of the largest European and US listed companies. These findings provide siginificant implications for standard setters and support the continued requirements for disclosure of cash flow information under IAS 7.

Book information

ISBN: 9783030506872
Publisher: Springer International Publishing
Imprint: Springer
Pub date:
Edition: 1st Edition 2020
Language: English
Number of pages: 111
Weight: 186g
Height: 235mm
Width: 155mm
Spine width: 7mm