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2017 | 1(5) | 41--52
Tytuł artykułu

Accounting in Action : Accounting Principles, Financial Statement and Assets Pricing Theory

Autorzy
Treść / Zawartość
Warianty tytułu
Rachunkowość w praktyce : zasady rachunkowości, sprawozdanie finansowe, teorie wyceny majątku
Języki publikacji
EN
Abstrakty
Przeprowadzone badanie dotyczy pomiaru, przetwarzania informacji finansowych o podmiotach gospodarczych, takich jak przedsiębiorstwa i korporacje. Zaobserwowano, że sprawozdania finansowe opublikowane przez firmę na koniec każdego roku finansowego służą trzem celom: informują, pomagają kontrolować i pomagają zaplanować. Wiarygodne sprawozdania finansowe zapewniają mniej ukierunkowane działania i poprawiają wydajność rynku, ponieważ przejrzyste ujawnianie informacji rachunkowych zmniejsza asymetrię informacji przy niższych kosztach, co wpływa na wyniki rynkowe. Celem niniejszego opracowania jest również określenie teorii wyceny aktywów (CAPM). Oczekuje się, że przydatność badań pozwoli rozwinąć wiedzę i rozwiązywać problemy przy użyciu pewnych wzorów CAPM. (abstrakt oryginalny)
EN
This study was conducted to get some clarity in understanding how money works in the world: how someone manages to earn or make it, how he/she invests it (turn it into more) and how that person donates it to help others. The study also investigates the measurement, processing of financial information about economic entities such as bus inesses and corporations or the importance of "language of business" because it communicates financial and economic facts about a business for all sorts of interested parties both internal and external. Itʼs important to take into the consideration the ancient history of " language of business" - accounting that covered the period between 450 and 500 BC. Some researches show that the professional skills in accounting and mathematics can lead to t he disclosure some internal and external secrets of Ac counting Principles, the common set of which is the generally accepted accounting principle s (GAAP) divided by Bierman and Drebin into three different branches: assumptions about the world, operating conventions and quality considerations for the purposes of true income determination in the financial stat ements. It is observed that the financial statements published by a company at the end of every financial year serve three purposes: they inform, hey help control and they help plan. Reliable financial stat ements provides less biased performance measures and market efficiency also improved because transparent disclosure of accounting information reduced information asymmetry at lower cost which effects market performance. The purpose of this study is also to determine the asset pricing theory (CAPM). The usefulness of the research is expected to develop knowledge and solve problem using some formulas of CAPM. (original abstract)
Rocznik
Tom
Strony
41--52
Opis fizyczny
Twórcy
autor
  • University of Lodz, Poland
Bibliografia
  • Adamu I., Musa M., 2012, The Influence of Mathematical Skills on Studentsʼ, Choice of Principles of Accounting in Selected Senior Secondary Schools in Katrina State.
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  • Bierman H., Drebin A. R., 1972, Financial Accounting, An Introduction, Collier, Macmillan. Burns J., 1999, Management Accounting, "International Journal of trade, Economics and Finance", No. 77(3).
  • Chambers R. J., 1966, Accounting Evolution and Economic Behavior, Prentice- Hall, USA.
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  • Goldberg, 1949, The Development of Accounting in Gibson, Accounting Concepts Reading, Cassell.
  • Harold Sydney Geneen, 1984, The quote from his book: Managing, 1st ed., Chapter 3 (Experience and Cash), Doubleday Garden City, N.Y.
  • Helfert E. A., 2001, The Nature of Financial Statements: The Cash Flow Statement, Financial Analysis - Tools and Techniques - A Guide for Managers.
  • Hendrikson E. S. 1992, Accounting Theory, 5th Edition, USA, Richard D. Irwin.
  • Jubril A. H., 2011, Relationship between entry Grades in Mathematics and Students performance in Financial Accounting in Federal Colleges of Education in Nigeria, Unpublished M. Ed Thesis, A. B. U. Zaria.
  • Lauwers L., Willekens M., 1994, Five Hundred Years of Bookkeeping: A Portrait of Luca Pacioli, "Tijdschrift voor Economie en Management, Katholieke Universiteit Leuven", vol: XXXIX issue 3, KUleuven.be (https://lirias.kuleuven.be/bitstream/123456789/119065/1/TEM1994- 3_289-304p.pdf).
  • Loughran M., 2001, Introduction part of: Financial Accounting for Dummies, Wiley Publishing, available at: www.wiley.com.
  • Markowitz H., 1959, Portfolio selection: efficient diversification of investments, Cowles Foundation Monograph, No. 16.
  • Clayman M. R., Fridson M. S., Troughton G. H., 2012, Corporate Finance: A practical approach, 2nd edition.
  • Mike H., Fred K., 1983, Financial Accounting Theory and Standards, 2nd Edition, Prentice-Hall International, Inc., Great Britain.
  • Needles B. E., Powers M., 2013, Principles of Financial Accounting, Financial Accounting Series (12 ed.), Cengage Learning.
  • Nickels W. G., Mchum J. M., Mchum S. M., 1999, Understanding Small Business, Longman Publisher Limited, London.
  • Oldroyd D., Dobie A., 2008, Themes in the history of bookkeeping, The Routledge Companion to Accounting History, Chapter 5, July, London.
  • Perks R. W., 1993, Accounting and Society, Chapman & Hall, London.
  • Robson K., 1992, Accounting Numbers as ʼinscriptionʼ: Action at a Distance and the Development of Accounting, "Accounting, Organizations and Society", No. 17(7).
  • Sharpe W. F., 1964, Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk, "The Journal of Finance", No. 19(3).
  • Williams J. R., Haka S. F., Bettner M. S., Carcello J. V., 2008, Financial & Managerial Accounting, McGraw-Hill Irwin.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171492732

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