Aspects of the economic implications of accounting:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York [u.a.]
Garland
1997
|
| Series: | New works in accounting history
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIX, 383 S. graph. Darst. |
| ISBN: | 0815330251 |
Staff View
MARC
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| 264 | 1 | |a New York [u.a.] |b Garland |c 1997 | |
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| adam_text | Contents vii
Preface xi
Acknowledgments xiii
Illustrations xv
Glossary of Symbols xvii
Introduction 3
Income measurement 3
The risk dimension 4
Corporate income distributions 5
Overview of subject matter 6
Notes 14
Chapter 1: Assessing economic performance on a cash flow
market value basis 15
1.1 Introduction: economic consequences of accounting 15
1.2 Specification of a cash flow market value accounting
model 16
1.3 Cash flow statements, market values and the
formation of expectations about future cash flows 17
1.4 Periodic income measurement 22
1.5 The nature, rationale and specific attributes of a cash
flow market value model 26
1.6 Distributable income and capital maintenance 29
1.7 Representational faithfulness 33
1.8 Compliance with recognition criteria 34
1.9 Other attributes of a cash flow market value model.. 36
1.10 Summary 38
Notes 39
Appendix 1 A: Cash flow accruals accounting
relationships 42
Appendix l.B: Interpretation of the 1984 89 financial
performance of Texas Instruments, Inc. ... 45
Appendix l.C: The incidence of corporate income tax on
entity cash flows 1971 89 65
Chapter 2: Assessing the efficiency of dividend and
debt financing policies 71
2.1 Introduction 71
2.2 Dividend policy 71
viii Contents
2.3 Shareholder wealth losses and wealth transfers to
lenders 73
2.4 Estimating wealth transfers ascribable to mis priced
debt issues 74
2.5 Wealth losses and wealth transfers caused by
declining entity returns 82
2.6 Summary of sections 2.1 2.5 85
2.7 Efficient financial policies and Jensen s free cash
flow theory 87
Notes 91
Chapter 3: The financial performance of U.S. Nonfinancial
Corporate Business 1945 1990 1. Data and preliminary
analysis 93
3.1 Introduction 93
3.2 Derivation and composition of data 97
3.3 Multiperiod cash flow accruals relationships of
Nonfinancial Corporation Business 1946 1990 105
3.4 Summary of section 3.3 115
Notes 121
Appendix 3: Tables 3.1 to 3.19 (inclusive) 123
Chapter 4: The financial performance of U.S. Nonfinancial
Corporate Business 1945 1990 II. Financial policy and
fiscal implications of cash flow accruals relationships 139
4.1 Introduction: general post war impression and basic
analysis 139
4.2 Fiscal and financial policy consequences of post war
changes in cash flow accruals relationships 153
4.3 Summary 168
Notes 171
Chapter 5: The financial performance of U.S. Nonfinancial
Corporate Business 1945 1990 III. CF MV accounting
performance and HC accounting performance 173
5.1 Introduction 173
5.2 The post war CF MV performance of the U.S.
Nonfinancial Corporate Business sector 175
Contents ix
5.3 Nonfinancial Corporate Business sector 1946 1990:
CF MV performance versus HC performance 204
Notes 223
Chapter 6: Determinants of the deviations between cash flow
and accruals variables (see explanatory note on page 225) .. 225
6.1 Introduction 225
6.2 Determinants of the characteristic excess of funds
from operations over operating cash flow
6.3 Periodic working capital and periodic liquidity
adjustment: summary and further inferences
6.4 Characteristic periodic excess of capital expenditure
over depreciation expense
6.5 Multiperiod relationship between depreciation
expense and capital expenditure: basic aspects
6.6 Replacement investment and depreciation expense in
an ongoing situation
6.7 Steady state: nominal increases in replacement
investment and conservative asset life estimates
6.8 Multiperiod capital expenditure and depreciation
expense: steady state followed by growth
6.9 Growth capital expenditure ab initio
6.10 The impact of economic depreciation policy on the
multiperiod capital expenditure depreciation
relationship
6.11 Summary and conclusions
Notes 227
Chapter 7: Individual company performance: corporate
income distributions 229
7.1 Introduction 229
7.2 Total corporate income distributions 242
7.3 Nominal, optical and effective tax rates 244
7.4 Contractual and real interest cover 248
7.5 Dividend distributions and the financing of dividends. 252
7.6 Summary and conclusions 269
Notes 271
x Contents
Appendix 7A: Abbott Laboratories financial
performance 1985 91 272
Appendix 7.B: Average accruals and average cash flows
1974 91 Atlantic Richfield, Abbott
Laboratories and Albertsons 281
Chapter 8: Individual company performance: income and
profitability measurement 283
8.1 Introduction 283
8.2 The relationship between HC and CF MV
performance indices 298
8.3 The use of HC and CF MV profitability indices as
ranking criteria 300
8.4 The variability of HC and CF MV performance
indices as proxies for risk 307
8.5 Reward to variability ratios 319
8.6 Summary 322
Postscript for Chapter 8 326
Notes 329
Appendix 8: Cumulative HC and CF MV equity profits
expressed at December 1991 prices 331
Chapter 9: Literature survey 343
9.1 Introduction 343
9.2 Cash flow measurement and related issues 346
9.3 Other cash flow topic areas 351
9.4 Summary 364
Notes 365
Bibliography 367
|
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| spelling | Lawson, Gerald H. Verfasser aut Aspects of the economic implications of accounting Gerald H. Lawson New York [u.a.] Garland 1997 XIX, 383 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier New works in accounting history Geschichte 1945-1990 gnd rswk-swf Geschichte 1945-1997 gnd rswk-swf Entreprises - Évaluation ram Marge brute d'autofinancement - Comptabilité ram Cash flow Accounting Corporations Valuation Historical costs (Accounting) Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Bewertung (DE-588)4006340-9 gnd rswk-swf Bilanz (DE-588)4006566-2 gnd rswk-swf Cashflow (DE-588)4136230-5 gnd rswk-swf Unternehmensergebnis (DE-588)4249656-1 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Cashflow (DE-588)4136230-5 s Rechnungswesen (DE-588)4048732-5 s Geschichte 1945-1997 z DE-604 Bilanz (DE-588)4006566-2 s Bewertung (DE-588)4006340-9 s Unternehmensergebnis (DE-588)4249656-1 s Geschichte 1945-1990 z DE-188 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007972778&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lawson, Gerald H. Aspects of the economic implications of accounting Entreprises - Évaluation ram Marge brute d'autofinancement - Comptabilité ram Cash flow Accounting Corporations Valuation Historical costs (Accounting) Rechnungswesen (DE-588)4048732-5 gnd Bewertung (DE-588)4006340-9 gnd Bilanz (DE-588)4006566-2 gnd Cashflow (DE-588)4136230-5 gnd Unternehmensergebnis (DE-588)4249656-1 gnd |
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| title | Aspects of the economic implications of accounting |
| title_auth | Aspects of the economic implications of accounting |
| title_exact_search | Aspects of the economic implications of accounting |
| title_full | Aspects of the economic implications of accounting Gerald H. Lawson |
| title_fullStr | Aspects of the economic implications of accounting Gerald H. Lawson |
| title_full_unstemmed | Aspects of the economic implications of accounting Gerald H. Lawson |
| title_short | Aspects of the economic implications of accounting |
| title_sort | aspects of the economic implications of accounting |
| topic | Entreprises - Évaluation ram Marge brute d'autofinancement - Comptabilité ram Cash flow Accounting Corporations Valuation Historical costs (Accounting) Rechnungswesen (DE-588)4048732-5 gnd Bewertung (DE-588)4006340-9 gnd Bilanz (DE-588)4006566-2 gnd Cashflow (DE-588)4136230-5 gnd Unternehmensergebnis (DE-588)4249656-1 gnd |
| topic_facet | Entreprises - Évaluation Marge brute d'autofinancement - Comptabilité Cash flow Accounting Corporations Valuation Historical costs (Accounting) Rechnungswesen Bewertung Bilanz Cashflow Unternehmensergebnis USA |
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