We connect conservative accounting to the cost of capital by developing an accounting model within an asset pricing … negative correlation with the expected stock return for firms with high growth in investment. The accounting we model is …

We connect conservative accounting to the cost of capital by developing an accounting model within an asset pricing …

Standard setters have sought a conceptual framework to guide development of a consistent set of accounting standards … to justify a wide range of actual accounting standards. Second, all accounting issues are viewed as being conceptual … standard setting bodies. Associated with each conceptual issue is an accounting duality; in some cases one side (e.g., stocks …

earnings techniques dominate free cash flow and dividend discounting approaches. Further, the relevant accounting features of …

The Canadian Accounting Standards Board (AcSB) issued an exposure draft on a proposal to adopt a separate 'Made in … consider including the mechanism for financing the standard setting board, the need to ensure compatibility between accounting … support this new private enterprise GAAP. This comment was developed by the Financial Accounting Standards Committee of the …

principles based accounting standards such as IFRS are likely to be realized only if auditors are also principles based. Third ….This comment was developed by the Financial Accounting Standards Committee of the American Accounting Association and does not … represent an official position of the American Accounting Association …

Under the rules of accrual accounting, free cash flow from operations reduces the book value of operations but does not … operations and shareholders' equity. In effect, accrual accounting rules prescribe that earnings add to shareholder value but … according to this prescription, and thus provides a validation of accrual accounting. While earnings from operations are priced …

exploiting accounting relations that require that unsustainable earnings leave a trail in the accounts. The paper also builds a P …