The Effect of General Price-Level Adjustments on the Predictive Ability of Financial Ratios
GPP accounting, Predictive ability, Financial ratios, Company failure
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The Validation of Some General Price Level Estimating Models.
Three comprehensive models exist by which general price level statements can be approximated. They are the programs developed by Petersen, by Davidson and Weil, and by Parker. The methods are first compared and contrasted. After that, they are tested for their validity, it is concluded that each of the models is appropriate for empirical research in the area.
The Commercialisation of Accountancy: Flexible Accumulation and the Transformation of the Service Class.
Reviews the book `The Commercialisation of Accountancy: Flexible Accumulation and the Transformation of the Service Class,' by Gerard Hanlon.
Casebook in Accounting Information Systems (Book).
Reviews the book "Casebook in Accounting Information Systems," by Marshall B. Romney, J. Owen Cherrington and James V. Hansen.
Cash Management: A Practical Approach (Book).
Reviews the book "Cash Management: A Practical Approach," by Bhabatosh Banerjee.
A Note on Cash Flow and Classification Patterns of Financial Ratios.
Classification schemes for financial ratios serve to aid understanding of empirical similarity among the ratios and to aid in the selection of critical financial variables for empirical research. Previous researchers, who defined cash flow as net income plus depreciation, found cash flow ratios highly associated with return ratios. In this study, cash flow is computed by adjusting net income for all accruals and deferrals. This more appropriate definition leads to classification schemes in which the cash flow ratios form a factor separate and distinct from the factor of return ratios.