期刊名称：International Journal of Business and Management
印刷版ISSN：1833-3850
电子版ISSN：1833-8119
出版年度：2012
卷号：7
期号：2
页码：45
DOI：10.5539/ijbm.v7n2p45
出版社：Canadian Center of Science and Education
摘要：The aim of this study is to investigate the reliability of accruals in predicting cash flows. Three categories of accrual are considered (trading, non-trading and financial accruals), which are calculated on the basis of the balance sheet information available in the Worldscope database. Different levels of reliability are assigned to the different types of accrual dependent on their expected propensity to manipulation, using a three-point scale of reliability (low, medium and high). We expect a higher degree of reliability in financial accruals to be associated with greater predictive power with respect to cash flows, and likewise for a lower level to be associated with lower predictability in non-trading accruals, and evidence is presented that supports these predictions.
