The Value Relevance of Direct Cash Flows under International Financial Reporting Standards.
This study examines if there has been a change in the value relevance of direct cash flow components since the adoption of International Financial Reporting Standards ( IFRS) in Australia. Our results show that for both industrial and extractive firms direct cash flow statements are value relevant u...
| Publicado en: | Abacus Vol. 49; no. 3; pp. 367 - 396 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Sep2013
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=90467020&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 90467020 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00013072 AUB jtl: Abacus issn: 00013072 maglogo: Y pubinfo: dt: Sep2013 vid: 49 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 90467020 10.1111/abac.12010 ppf: 367 ppct: 29 formats: fmt: – @attributes: type: T – @attributes: type: P size: 182KB tig: atl: The Value Relevance of Direct Cash Flows under International Financial Reporting Standards. aug: au: Clacher, Iain Ricquebourg, Alan Duboisée Hodgson, Allan affil: Accounting and Finance Division, Leeds University Business School Centre for Advanced Studies in Finance, Leeds University Business School University of Queensland Business School, Australia su: Assets (Accounting) Present value Quick assets Cash flow International accounting standards Corporate finance Accounting Australia sug: subj: Australia Assets (Accounting) Present value Quick assets Cash flow International accounting standards Corporate finance Accounting keyword: Cash flows and International Financial Reporting Standards Direct cash flow method IFRS cash flow value relevance ab: This study examines if there has been a change in the value relevance of direct cash flow components since the adoption of International Financial Reporting Standards ( IFRS) in Australia. Our results show that for both industrial and extractive firms direct cash flow statements are value relevant under Australian Generally Accepted Accounting Principles ( AGAAP) and remain so after the adoption of IFRS. In addition, for industrial firms there is a significant increase in the value relevance of direct cash flows after IFRS, along with an increase in the value relevance of accruals. These results are consistent with the proposition that direct cash flows play a reinforcing role that complements the more complex IFRS accounts. Consequently, if the International Accounting Standards Board ( IASB) were to mandate direct cash flow statements it would, in all likelihood, provide users of accounts with a valuable incremental source of hard transaction information. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Abacus is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Abacus holder: Wiley-Blackwell dt: @attributes: year: 2013 holdings: @attributes: islocal: N |
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