haku: @indexterm arbitration / yhteensä: 141
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| Tekijä: | Lane, J. Willett, R. |
| Otsikko: | Depreciation need not be arbitrary |
| Lehti: | Accounting and Business Research
1997 : SUMMER, VOL. 27:3, p. 179-194 |
| Asiasana: | DEPRECIATION ARBITRATION |
| Kieli: | eng |
| Tiivistelmä: | This work demonstrates how it is possible to use probability model to investigate the properties of accounting numbers that would be obscured and maybe impossible to deduce, with traditional accounting theory frameworks. It is demonstrated how the components of the earnings figure may be subjected to a stochastic control technique in the context of a model, to give a smoother predictor over time, in the quadratic loss sense of their contribution to long-run average cash flow. Depreciation construed in this way may not be arbitrary but may be engineered to improve the statistical properties of earnings as the estimator of long-run cash flow. |
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