Thesis (MBA)--Stellenbosch University, 2001. / ENGLISH ABSTRACT: Researchers at the Graduate School of Business of the University of
Stellenbosch raised their concerns about the accuracy of inflation adjustment
estimates. This led to research by Hanekom (1992), Marais (1992), Ozrovech
(1992), Laack (1994) and an article by Hamman and Smit (1994). Hanekom,
Marais, Ozrovech and Loock investigated alternative methods of calculating the
average age of fixed assets for South African companies. They came to the
conclusion that approximations of inflation adjustments by means of simplified
formulas are inaccurate and should be discontinued. Alternative methods are
time-consuming, data dependent and contain various assumptions that may
lead to inaccurate results.
Based on the findings and recommendations of the above-mentioned authors to
develop company-specific inflation adjustment models, this study project will
attempt to investigate the behaviour of the average age of fixed assets as
calculated by the formula:
Average age (year n) =
Accumulateddepreciation (n)
Depreciation(for year n)
Various conditions that influence this specific calculation will be simulated in
spreadsheet models. The behaviour of the approximated average age will then
be explained by means of the results obtained from the spreadsheet
simulations, as well as a mathematical formula that will be deducted from the
simulated spreadsheet models.
The understanding of the behaviour of the estimation of the average age of
fixed assets and the conditions that influence this estimation might help to
establish possible patterns that would assist with the development of companyspecific
inflation adjustment models. / AFRIKAANSE OPSOMMING: Navorsers aan die Nagraadse Bestuurskool van die Universiteit van
Stellenbosch het hulle twyfel uitgespreek oor die akkuraatheid van inflasieregstellingskattings,
wat gelei het tot navorsing deur Hanekom (1992), Marais
(1992), Ozrovech (1992) en Loock (1994) en 'n artikel deur Hamman en Smit
(1994). Hanekom, Marais, Ozrovech en Loock het alternatiewe metodes
ondersoek om die berekening van die gemiddelde ouderdom van vaste bates
vir Suid Afrikaanse maatskappye te doen. Die slotsom was egter dat die
berekening van die waardes met behulp van eenvoudige formules onakkuraat
is en eerder gestaak moet word. Alternatiewe metodes is tydrowend, afhanklik
van die beskikbaarheid van inligting, en vereis aannames wat tot moontlike
onakkurate antwoorde kan lei.
Na aanleiding van bogenoemde skrywers se gevolgtrekkings, en
aanbevelings om maatskappy-spesifieke modelle te ontwikkel om inflasieaanpassings
te doen, sal hierdie studie poog om die gedrag van die
gemiddelde ouderdom van vaste bates soos dit bereken word deur die
volgende formule, te ondersoek:
Gemiddelde ouderdom (jaar n) =
Opgehoopte waardevermindering (n)
Waardevermindering (vir jaar n)
Verskillende toestande wat die berekening beïnvloed sal deur middel van
sigblad modelle gesimuleer word. Die gedrag van die geraamde gemiddelde
ouderdom sal dan verduidelik word aan die hand van die sigblaaie sowel as
'n afgeleide wiskundige formule vir die berekening van die waarde.
lndien die verskillende toestande en faktore wat die berekening van die
gemiddelde ouderdom van vaste bates beïnvloed, verstaan en verduidelik kan
word, kan moontlike patrone geïdentifiseer word wat sal help met die
ontwikkeling van meer spesifieke modelle vir inflasie-aanpassings van
maatskappye.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/52154 |
| Date | 12 1900 |
| Creators | Hall, Barry Charles |
| Contributors | Hamman, W. D., Stellenbosch University. Faculty of Economic & Management Sciences . Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | Unknown |
| Type | Thesis |
| Format | 78 p. |
| Rights | Stellenbosch University |
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