How not to set accounting standards: how reported CCA profits really affect a company's share prices!
Article Abstract:
The UK Economic and Social Research Council's (ESRC) research program in inflation accounting included a study to determine whether companies' reported current cost accounting (CCA) profits impact their share prices. Share returns of 208 listed companies were measured against both their unexpected historical cost accounting (HCA) profits and their unexpected CCA profits. Although share prices reacted to both kinds of profit measurements, the reaction to HCA was far greater.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
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International Accounting Standard - IAS 28: accounting for investments in associates
Article Abstract:
The International Accounting Standard number 28 addresses the various accounting issues associated with investments in associates. There is a discussion of related definitions, significant influence, and income taxes. The discussion also includes analyses of the choices of accounting methods for consolidated financial statements, and investors separate financial statements.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1989
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