Conditional and Unconditional Conservatism Implications for Accounting Based Valuation and Risky Projects
At the heart of the current debate on financial reporting standards is conservatism. It is one of the oldest principles in accounting. Most obviously, conservatism is reflected in high market-to-book ratios indicating that accounting measurement understates book value relative to market value. Julia...
| Main Author: | |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Wiesbaden
Gabler Verlag
2009, 2009
|
| Edition: | 1st ed. 2009 |
| Series: | Quantitatives Controlling
|
| Subjects: | |
| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
| Summary: | At the heart of the current debate on financial reporting standards is conservatism. It is one of the oldest principles in accounting. Most obviously, conservatism is reflected in high market-to-book ratios indicating that accounting measurement understates book value relative to market value. Julia Nasev examines the impact of conservative accounting numbers on valuation estimates and on real economic decisions such as cost stickiness |
|---|---|
| Physical Description: | XVII, 116 p. 6 illus online resource |
| ISBN: | 9783834984586 |