haku: @author Kinnunen, J. / yhteensä: 9
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| Tekijä: | Kinnunen, J. |
| Otsikko: | The importance of accrual accounting as a determinant of submartingale behaviour in annual income numbers: empirical evidence from Finland |
| Lehti: | Journal of Business Finance and Accounting
1991 : NOV, VOL. 18:6, p. 861-883 |
| Asiasana: | FINLAND ACCOUNTING INCOMES |
| Kieli: | eng |
| Tiivistelmä: | While the time series literature in accounting almost unanimously suggests that annual accrual earnings follow a submartingale or similar process, the explanations for such behavior are virtually non-existent. This study contrasts the time series properties of accrual-based income variables with their direct cash-based counterparts at three different levels of an income statement. The main conclusion is that the accrual accounting system plays a crucial role in preserving the submartingale tendency in annual income numbers at the operating and net income levels. |
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