Improving the usefulness of accounting data in financial analysis

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dc.contributor.author Saville, Adrian David
dc.date.accessioned 2007-07-26T06:33:23Z
dc.date.available 2007-07-26T06:33:23Z
dc.date.issued 2004-09
dc.description.abstract Accounting practices are flawed. As a consequence, the accounting data generated by firms are generally open to interpretation, often misleading and sometimes patently false. Yet, financial analysts place tremendous confidence in accounting data when appraising investments and investment strategies. The implications of financial analysis based on questionable information are numerous, and range from inexact analysis to acute investment error. To rectify this situation, this paper identifies a set of simple, yet highly effective corrective measures, which have the capacity to move accounting practice into a realm wherein accounting starts to 'count what counts'. The net result would be delivery of accounting data that more accurately reflect firms' economic realities and, as such, are more useful in the task of financial analysis. en
dc.format.extent 190117 bytes
dc.format.mimetype application/pdf
dc.identifier.citation Saville, A 2004, 'Improving the usefulness of accounting data in financial analysis', South African Journal of Economic and Management Sciences, vol. 7, no. 3, pp. 504-520. [http://www.journals.co.za/ej/ejour_ecoman.html] en
dc.identifier.issn 1015-8812
dc.identifier.other http://dx.doi.org/10.4102/sajems.v7i3.1361
dc.identifier.uri http://hdl.handle.net/2263/3151
dc.language.iso en en
dc.publisher Juta en
dc.rights Juta en
dc.subject Accounting data en
dc.subject Financial analysis en
dc.subject.lcsh Accounting
dc.subject.lcsh Corporations -- Finance
dc.title Improving the usefulness of accounting data in financial analysis en
dc.type Article en


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