Current Value Accounting
Author : Warren Chippindale
Publisher :
Page : 200 pages
File Size : 17,54 MB
Release : 1977
Category : Business & Economics
ISBN :
Author : Warren Chippindale
Publisher :
Page : 200 pages
File Size : 17,54 MB
Release : 1977
Category : Business & Economics
ISBN :
Author : Morton Backer
Publisher :
Page : 342 pages
File Size : 16,67 MB
Release : 1973
Category : Business & Economics
ISBN :
Author : International Accounting Standards Board
Publisher :
Page : 104 pages
File Size : 49,48 MB
Release : 2006
Category : Business & Economics
ISBN :
Author : Stephen Penman
Publisher : Columbia University Press
Page : 265 pages
File Size : 40,17 MB
Release : 2010-12-30
Category : Business & Economics
ISBN : 0231521855
Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance the cost-of-capital, the CAPM, and discounted cash flow analysis Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying too much for speculative growth. Penman puts these ideas in touch with the quantification supplied by accounting, producing practical tools for the intelligent investor. Accounting for value provides protection from paying too much for a stock and clues the investor in to the likely return from buying growth. Strikingly, the analysis finesses the need to calculate a "cost-of-capital," which often frustrates the application of modern valuation techniques. Accounting for value recasts "value" versus "growth" investing and explains such curiosities as why earnings-to-price and book-to-price ratios predict stock returns. By the end of the book, Penman has the intelligent investor thinking like an intelligent accountant, better equipped to handle the bubbles and crashes of our time. For accounting regulators, Penman also prescribes a formula for intelligent accounting reform, engaging with such controversial issues as fair value accounting.
Author : Geoffrey Whittington
Publisher : Cambridge University Press
Page : 367 pages
File Size : 33,19 MB
Release : 2017-08-03
Category : Business & Economics
ISBN : 1108508464
The measurement methods used in financial accounting affect our perception of the value and performance of businesses by determining the amount of reported profit or loss and the resources of the business. Thus, measurement affects shareholders and other stakeholders in the business. It has even been suggested that the world financial crisis of 2007–2010 was partly due to the mis-measurement of financial instruments. In this book, Geoffrey Whittington provides a unique survey of the theory and practice of measurement in financial accounts. It seeks to define and illustrate alternative methods, using simple numerical examples, and to analyse their theoretical properties. Also, it summarises extensive empirical evidence and the historical development of ideas and practice. It is essential reading for advanced undergraduate and postgraduate students studying financial accounting, as well as practitioners and policy-makers concerned with accounting standards.
Author : Gilad Livne
Publisher : Routledge
Page : 757 pages
File Size : 30,29 MB
Release : 2018-06-13
Category : Business & Economics
ISBN : 1317221311
The concept of "fair value" marked a major departure from traditional cost accounting. In theory, under this approach a balance sheet that better reflects the current value of assets and liabilities. Critics of fair value argue that it is less useful over longer time frames and prone to distortion by market inefficiencies resulting in procyclicality in the financial system by exacerbating market swings. Comprising contributions from a unique mixture of academics, standard setters and practitioners, and edited by internationally recognized experts, this book, on a controversial and intensely debated topic, is a comprehensive reference source which: examines the use of fair value in international financial reporting standards and the US standard SFAS 157 Fair Value Measurement, setting out the case for and against looks at fair value from a number of different theoretical and practical perspectives, including a critical review of the merits and arguments against the use of fair value accounting explores fair value accounting in practice, involvement in the Great Financial Crisis, implications for managerial reporting discretion, compensation and investment This volume is an indispensable reference that is deserving of a place on the bookshelves of both libraries and all those working in, studying, or researching the areas of international accounting, financial accounting and reporting.
Author : George J. Staubus
Publisher :
Page : 48 pages
File Size : 48,26 MB
Release : 1974
Category : Current value accounting
ISBN :
Author : Canadian Institute of Chartered Accountants. Accounting Research Committee
Publisher :
Page : 95 pages
File Size : 16,57 MB
Release : 1976
Category : Accounting and price fluctuations
ISBN :
Author : James C. McKeown
Publisher :
Page : 176 pages
File Size : 19,16 MB
Release : 1979
Category : Accounting
ISBN :
Author : John Vorvolakos
Publisher :
Page : 101 pages
File Size : 21,10 MB
Release : 1979
Category : Cost accounting
ISBN :