The objective of this research is to make a theoretical and empirical investigation into the application of a cashflow accounting system. The theoretical investigation provides a definition for cash-flow accounting; it also examines the major arguments for a cash-flow reporting system. Three hypotheses are proposed for testing. The first states that during periods of changing prices, performance indicators that are based on the conventional accrual accounting will diverge from performance indicators that are based on cash-flow accounting and will continue to diverge over time. The second states that this divergence will disappear if the effects of inflation are partialled out. The third states that cash-flow statements, properly interpreted, will enable users to predict business failure.

Summary in Chinese. / Thesis (M.B.A.)--Chinese University of Hong Kong. / Bibliography: leaves 65-67.

No description available.

Diss.--Handels-Hochschule, St. Gallen. / Bibliography: p. xvii-xxiv.

Thesis (Ph.D.)--Georgia State University, 2006. / Stephen D. Smith, committee chair; Jason Greene, James Owens, Alok Srivastava, committee members. Electronic text (132 p. : ill. (some co.)) : digital, PDF file. Description based on contents viewed July 12, 2007. Includes bibliographical references (p. 91-97).

No description available.

This dissertation extends previous studies on firms' differential earnings response coefficients. It provides further theoretical explanation and empirical evidence for the differential earnings response coefficients across firms and time. The empirical evidence found by Ball & Brown (1968) that the sign of unexpected earnings is positively correlated with the sign of market reactions is used to improve the control of measurement errors on investors' prior belief. Revisions of financial analysts' forecasts (FAFs) for firms' future earnings per share (EPS) are used as the event information. Both the impact of FAFs quality on investors' earnings belief revision and the mapping from EPS to security price are considered. Investors are assumed to be Bayesians who are homogeneous in belief. They use FAFs as information for making portfolio investment decisions. FAFs with smaller contemporary dispersion relative to the variance of investors' prior belief are considered to have higher quality. It is proposed that investors have stronger faith on the forecasts with higher information quality. A non-normative approach is used to map EPS into security prices. The market price over (expected) earnings ratio (P/E) is used as a linear approximation for the security valuation function. The major advantage of this approach is that non-earnings factors that have price effect on securities are implicitly controlled. The model predicts that ceteris paribus, the earnings response coefficient adjusted for the differential P/E is positively correlated with the quality of FAFs. Cross-sectional and time series samples of 1097 FAFs revisions from Standard & Poor's Earnings Forecaster in the years 1981 to 1985 are used in the empirical test. The empirical results are consistent with the theoretical implication. The quality of FAFs is found to be positively correlated with the P/E adjusted earnings response coefficient at one percent significance level. The results are robust across event day windows, the estimation periods for market model parameters and the price reaction measurements.

D.Com. (Economics) / Successful forecasting and a understanding of the forecast. study is to develop and propose a South African Airways which will the Working Budget. To do this the must be evaluated, extended and to satisfy the needs of the airline of this model for to project methodology where necessary The purpose forecasting enable it existing changed industry. Information on budgets in general, the definition and purpose thereof, as well as the use of the budget as a tool for management was readily available. Similarly information on forecasting and forecasting models could be found, but no pUblished research indicating a method or model for the forecasting of the Working Budget in South African Airways was available, nor was any evidence found of the use of a more sophisticated model other than forecasting a budget based on historical tendencies. In chapter one the purpose of the study is defined followed by a short description of the contents of each chapter. Chapter two underlines the importance of the managerial functions in a company. The level of management will determine the degree of the functions to be performed, whether it be planning, organising, directing, activating or controlling. Management tools are available to ease the task, and one of these tools are budgets, which could be regarded as the most important tool. Chapter three and four contain an expanded review of budgets and budgeting. Whilst the basic principle of budgeting remains applicable to all types and sizes of business, the methods and application could vary. A matter to be settled ab initio is the period that the budget parts : part one and part two the information can be should cover. Three time periods may be drawn : a yearly budget; five-year plan; or a long-term plan. The main categories of budgets are then detailed, namely the sales, purchasing and financial budgets. Chapter four continues with a description of historical data flow, and how the data flow will influence the model to be used. Finally the South African Airways budget system, which is divided into a Capital and Working Budget, is described.

by Choi Sau Yuk. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1982. / Bibliography: l. 68.

The objective of this study is to introduce a more refined methodological approach for signalling corporate collapse. The proposed methodological approach provides informed stakeholders in a corporation with a tool that would help them signal impending collapse with a higher degree of accuracy than the existing mainstream methodology. By doing so, the proposed methodological approach helps stakeholders take appropriate measures, if possible, to save their company from collapse. The motivation behind this study emanates from a need in the literature in relation to coming up with a new methodological approach that is superior to what is available. For example, Jones and Hensher (2004), one of the most recent studies in the field, stated that over the past three decades there has been a conspicuous absence of modelling innovation in the literature on financial distress prediction, as well as a failure to keep abreast of important methodological developments emerging in other fields of the social sciences. Specifically, this study introduces a new ratio-based multivariate methodological approach for signalling corporate collapse, called Multi-Level Modelling (MLM). Moreover, this study demonstrated that MLM provides informed stakeholders in a corporation with a tool that would help them signal impending collapse with a higher degree of accuracy than Multiple Discriminant Analysis (MDA), which is the mainstream benchmark methodological approach. By doing so, MLM helps stakeholders take appropriate measures, if possible, to save their company from collapse. The empirical results depicted the superiority of MLM over MDA. MLM generated better overall predictive power and dramatically reduced the occurrence of Type I error (classifying a collapsed company as non-collapsed). Moreover, MLM achieved those results while at the same time capturing variations in industry sectors among the data sample of companies. This is something that MDA was not capable of.