Accounting, Cash Flow and Value Relevance (Paperback, 1st ed. 2020)

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.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Series:	SpringerBriefs in Accounting
Release date:	August 2020
First published:	2020
Authors:	Francesco Paolone
Dimensions:	235 x 155mm (L x W)
Format:	Paperback
Pages:	111
Edition:	1st ed. 2020
ISBN-13:	978-3-03-050687-2
Categories:	Books > Business & Economics > Finance & accounting > Accounting > Management accounting Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Money & Finance > Corporate finance
LSN:	3-03-050687-8
Barcode:	9783030506872

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