Overview
- Explains how to use the cash flow statement as the main document in the context of decision-making
- Includes examples of using cash flows to calculate the value of a company
- Discusses various accounting techniques
Part of the book series: SpringerBriefs in Accounting (BRIEFSACCOUNTING)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (6 chapters)
-
Front Matter
-
Back Matter
Keywords
About this book
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.
Authors and Affiliations
About the author
Francesco Paolone holds a degree in Business Administration and Management at Bocconi University. He is Associate Professor at Mercatorum University and Adjunct Professor at LUISS Univeristy in Rome. He has been Visiting Professor at ESCP Europe Business School in London campus and Visiting Researcher at Aalborg University in Denmark. His research profiles are mainly focused on International and Financial Accounting, Corporate Governance and Business Models. He is currently on the Editorial Board of different peer-reviewed journals of Accounting and Financial Management. He is chartered accountant and legal auditor.
Bibliographic Information
Book Title: Accounting, Cash Flow and Value Relevance
Authors: Francesco Paolone
Series Title: SpringerBriefs in Accounting
DOI: https://doi.org/10.1007/978-3-030-50688-9
Publisher: Springer Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Softcover ISBN: 978-3-030-50687-2Published: 30 July 2020
eBook ISBN: 978-3-030-50688-9Published: 29 July 2020
Series ISSN: 2196-7873
Series E-ISSN: 2196-7881
Edition Number: 1
Number of Pages: IX, 111
Number of Illustrations: 5 b/w illustrations, 12 illustrations in colour
Topics: Accounting/Auditing, Business Finance, Finance, general