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An empirical analysis of the value added statements of 65 companies for the period 1977-2000Geldenhuys, Barend Petrus 03 1900 (has links)
Thesis (MBA)--Stellenbosch University, 2004 / ENGLISH ABSTRACT: Value added is the wealth that a reporting entity has been able to create by its own and
its employees' efforts. A Value Added Statement (VAS) reports on how this value added
is shared between employees, providers of capital, the state and reinvestment. In order
to put wealth created by an organization in proper perspective, the users of VAS should
be able to compare the results in a statement of an entity over a given period of time to
evaluate trends and should furthermore be able to compare the statements of various
companies in order to determine the relative performance of a company in the creation
of wealth.
Little empirical work has been done on Value Added Statements in South Africa
resulting in a lack of standards or benchmarks against which to judge/compare the
value-added data and ratios of different entities. The aim of this study was to contribute
towards creating a data bank, which ultimately will be used in setting industry standards.
This study was limited to 65 companies, which published Value Added Statements for
five or more consecutive years and disclosed the number of employees during the
period 1977 to 2000.
The research is of an exploratory nature and it was decided to focus on the following
aspects of a Value Added Statement in order to calculate standards or benchmarks:
(a) Common size Value Added Statements.
(b) Compound growth rates for the different elements of a Value Added Statement.
(c) Annual growth rates of sales/employee, salaries and wages/employee and valueadded/
employee.
Certain trends were identified. / AFRIKAANSE OPSOMMING: Toegevoegde waarde is die rykdom wat 'n verslaggewende eenheid skep deur eie en
werknemers se pogings. Toegevoegdewaardestate (TWS) doen verslag oor hoe hierdie
toegevoegde waarde gedeel word tussen die werknemers, kapitaalvoorsieners, die staat
en herinvestering. Ten einde die rykdom wat deur 'n organisasie geskep is in toepaslike
perspektief te sien, moet die gebruikers van TWS hierdie resultate, kan vergelyk oor 'n
gegewe tydperk ten einde tendensie-ontledings te kan doen. Verder moet die
gebruikers van TWS 'n vergelyking kan maak tussen die state van verskillende
maatskappye om sodoende die relatiewe prestasie in die skepping van rykdom te
evalueer.
In Suid-Afrika is min proefondervindelike navorsing gedoen oor TWS, met die gevolg dat
daar 'n gebrek aan standaarde of beginpunte is waarteen die toegevoegde waarde data
en verhoudings van verskillende maatskappye gemeet kan word. Die doel van
hierdie studie is om by te dra tot die databank wat uiteindelik gebruik sal word in die
daarstelling van bedryfstandaarde.
Die studie is beperk tot 65 maatskappye wat TWS vir 'n tydperk van vyf of meer
opeenvolgende jare gepubliseer het asook die hoeveelheid werknemers vir die tydperk
1977 tot 2000 bekend gemaak het.
Die navorsing is ondersoekend van aard en daar is gefokus op die volgende aspekte in
die daarstelling van standaarde en beginpunte in 'n Toegevoegdewaardestaat:
(a) Gemene grootte Toegevoegdewaardestate.
(b) Saamgestelde groeikoers vir die verskillende komponente van TWS.
(c) Jaarlikse groeikoers in toegevoegde waarde, verkope/werknemers, toegevoegde
waarde/werknemers en salarisse en lone/werknemers.
Sekere tendensies is geidentifiseer.
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Analysis of value-added reporting by listed industrial companies on the Johannesburg Stock ExchangeMotswagae, Pauline 12 1900 (has links)
Thesis (MBA)--Stellenbosch University, 1998. / ENGLISH ABSTRACT: The study investigated the divergent practice in the presentation of Value-Added Statements
(V AS) by industrial companies on the Johannesburg Stock Exchange. A standard statement
(for 1997 only), as suggested by the author, was constructed for all 188 companies analysed to
eliminate unusual or faulty recording of certain items. Overall, the calculated value added
differed from that published by the companies due to the inclusion of certain items which are
specific to particular companies. The information compiled during the investigation will also
he used to upgrade the database of the University of Stellenbosch Business School.
The results of the study suggest that there are indeed some deep-rooted conceptual problems
in reporting value added as well as problems associated with the treatment of individual items
in the statement. Taxation reporting in the V AS was found to be the major item where
inconsistency was prevalent. Of the 188 companies studied, about forty percent included what
the author tenned "taxation mistakes" in their VAS. Minority reporting was found to be
another significant problem area where companies were very inconsistent in reporting the
item. In addition, there were some strange items that the writer came across in the published
VAS.
[f value added is to be accepted as a useful tool in financial reporting, that is, if it is to gain
popularity and usefulness, it must be derived from a consistent model and should be
systematically applied. / AFRIKAANSE OPSOMMING: Die studie het die verskillende wyses ondersoek waarop Toegevoegdewaardestate (TWS)
opgestel is deue industriele maatskappye op die Johannesburgse Effektebeurs. 'n Standaard
staat (slegs vir 1997) soos voorgestel deur die skrywer is opgestel vir elk van die 188
maatskappye wat ontleed is ten einde ongewone of foutiewe rapportering te elimineer. Oor die
aigemeen het die berekende toegevoegde waarde verskil van die syfers soos gepubliseer deur die
maatskappy. Die verskille was hoofsaaklik toe te skryf aan die insluiting van sekere items wat
uniek was aan bepaaJde maatskappye. Die informasie versamel gedurende hierdie ondersoek sal
ook gebruik word om die databasis van die Bestuurskool van die Universiteit van Stellenbosch
op te gradeer.
Die resultate van die studie het getoon dat daar weI sommige diep-geworteide konseptuele
probleme in die rapportering van toegevoegde waardc bestaan het sowel as probleme
geassosieer met die hantering van individuele items in die TWS. Veertig persent van die 188
maatskappye ondersoek, het belastingfoute (soos deur die skrywer omskryf) ingesluit in die
gepubliseerde TWS. Die rapportering van minderheidsbelang was ook 'n groot probleem area
wat gelei het tot 'n groot mate van inkonsekwente rapportering. Verder het die skrywer op 'n
hele aantal ongewone items in die gepubliseerde TWS gevind.
As toegevoegde waarde as 'n handige hulpmiddel in finansiele rapportering aanvaar wil word,
dit is om groter populariteit en groter gebruikswaarde te verkry, sal dit ontwikkel moet word uit
'n bepaalde model, en op 'n sistematiese wyse opgestel word.
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Published RSA cash value added statementsShiba, Nomsa 03 1900 (has links)
Thesis (MBA)--Stellenbosch University, 1999. / ENGLISH ABSTRACT: This study project explores cash value added statements (CVAS). a South African
innovation. A complete survey is made of all the CV AS published by listed South
African industrial companies from 1991 up to 1998. The survey yields a total of 18 listed South African industrials, which started to publish a CV AS in different years.
Together, the 18 companies provide a population of 89 cash value added statements for
analysis. The aim of the study is to establish how South African companies prepare a CV AS
against a background which lacks a formal Accounting Standard on the subject. Secondly. it seeks to unravel any variations and mistakes presentation of published
CY AS as measured against a standardized model of CY AS. In order to highlight the
variations, a fault bank is created. An analysis of the fault bank reveals a number of differences in the treatment of certain components of a CV AS by listed South African industrial companies. Major deviations from the standardized model of a CVAS involve
interest, dividends and taxation. / Please refer to fulltext for Afrikaans abstract
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A value added statement versus cash value added statement : a South African experienceSeema, Maitseo Josephine, Modisane, Kabo H. 03 1900 (has links)
Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: The Value Added Statement does not provide any information that does not
already exist in the income statement. It only arranges the information and
adds a new item, salaries and wages, to highlight the value created by the
company and how that value is distributed amongst stakeholders. This
information would assist users in their evaluation of the economic
performance of the organisation.
The study set out to show the composition, calculation and the reconciliation
of both Cash Value Added Statement (CVAS) and the Value Added
Statement (VAS). A database has been created for the years 1990-1998 for
all the companies that published the CVASNAS during that period. The
differences between CVAS and VAS can be determined by:
a) Non-cash items (excluding depreciation).
b) Movements in non-cash components of working capital.
c) Differences between an income statement and cash flow statement
relative to :
• Extra-ordinary items
• Exceptional items
• Abnormal items
• Associated income
• A few sundry items
Individual reconciliation was performed per company per year for the period
1990 to 1998 to enable the balancing of the CVAS total (Total A) with the VAS
total (Total B)- see the example on Figure 3.1 to Figure 3.3. Items in both
eVAS and VAS were then expressed about the two totals (see the line, Total
A) to arrive at the common size for both CVAS and VAS (Tables 1(a) and
1(bj). Descriptive statistics were performed in order to find out how much
each item constitutes to the value added. Due to the large amount of data, the
initial raw data was excluded from the study project and is only available in
the databank. / AFRIKAANSE OPSOMMING: Die Toegevoegdewaardestaat verskaf geensins enige inligting wat nie reeds in die
inkomstestaat verskyn nie. Die doel daarvan is slegs om inligting te rangskik en voeg
nog 'n item by, nl. salarisse en lone. Die doel hiervan is om die waarde wat die
maatskappy geskep het, uit te lig en ook hoe daardie bepaalde waarde onder
belanghebbers verdeel word. Hierdie inligting kan gebruikers help by die evaluering
van die ekonomiese prestasie van die betrokke organisasie.
Die ondersoek dui die samestelling, berekening en die rekonsiliasie aan van beide
die Kontant- Toegevoegdewaardestaat (KTWS) en die Toegevoegdewaardestaat
(TWS). 'n Databasis is saamgestel vir die tydperk 1990 - 1998 vir alle maatskappye
wat gedurende hierdie tyd KTWS/TWS gepubliseer het. Die verskille tussen KTWS
en TWS word bepaal deur:
a) Nie-kontant items (uitsluitend waardevermindering).
b) Die bewegings in die nie-kontant komponente van bedryfskapitaal.
Die verskille tussen 'n inkomstestaat en kontantvloeistaat met betrekking tot:
• Buitengewone items
• Besondere items
• Abnormale items
• Geassosieerde inkomste
• Enkele diverse items
Individuele rekonsiliasies is uitgevoer per maatskappy per jaar vir die tydperk 1990 -
1998 vir die balansering van die KTWS se totaal (Totaal A) met die TWS se totaal
(Totaal B) - kyk na die voorbeeld in Figuur 3.1 tot Figuur 3.3. Items in beide KTWS
en TWS is dan uitgedruk ten opsigte van die twee totale (kyk na die lyn, Totaal A) om
by die gemeenskaplike grootte vir beide KTWS en TWS (Tabelle l(a) en l(b)) uit te
kom. Beskrywende statistiek is gebruik om vas te stel hoeveel elke item bydra tot die
toegevoegde waarde. Weens die geweldige hoeveelheid data/inligting, is die
aanvanklike rou-data van die ondersoek uitgesluit. Dit is slegs beskikbaar in die
databank.
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A survey of the accuracy of reporting and the extent of compliance to the disclosure provisions of AC101 by industrial companies listed in the Johannesburg Securities ExchangeJarana, Vuyani 12 1900 (has links)
Thesis (MBA)--Stellenbosch University, 2004. / ENGLISH ABSTRACT: This study examines the extent to which the industrial companies listed in the
Johannesburg Securities Exchange complied with the disclosure provisions of
the Accounting Standards AC101 when publishing their financial statements for
the years 2000 to 2002. This study further evaluates the accuracy of the
reporting of the salaries and wages as presented in their Value Added
Statements.
Published financial statements for the years 2000 to 2002 of more than 160
companies were analysed and evaluated. The study also identifies companies
that did not disclose staff costs and directors' emoluments in their financial
statements as well as those companies that reported the labour portion of their
wealth distribution accurately in their Value Added Statements. / AFRIKAANSE OPSOMMING: Die studie dek die mate waarin genoteerde industriële maatskappye op die
Johannesburgse Effektebeurs voldoen het aan die openbaarmakingsvereistes
van die Rekeningkundige Standaarde RE101 ten opsigte van hul finansiële state
soos van 2000 tot 2002 gepubliseer. Die studie let verder ook op die
akkuraatheid van die verslaggewing van salarisse en lone in die
Toegevoegdewaardestate.
Gepubliseerde finansiële state vir die jare 2000 tot 2002 van meer as 160
maatskappye is ontleed en geëvalueer. Die studie identifiseer ook daardie
maatskappye wat nie salariskoste en direkteursvergoeding in hul finansiële state
geopenbaar het nie, sowel as diegene wat hul salarisse korrek in die
Toegevoegdewaardestate openbaar het.
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