Do Direct Cash Flow Disclosures Help Predict Future Operating Cash Flows and Earnings?

Do Direct Cash Flow Disclosures Help Predict Future Operating Cash Flows and Earnings?

Motivated by recent FASB, IASB, and CFA Institute comments, we explore the predictive value of direct method cash flow disclosures. A primary stated purpose of the direct method is to better forecast future performance. To examine this purpose, we first document that direct method line items, such a...

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Bibliographic Details
Main Authors: Orpurt, Steven F., ZANG, Yoonseok
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
statement of cash flows
direct method
forecasting future cash flows and earnings
future earnings response coefficient (FERC)
stock price informativeness
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/272
https://ink.library.smu.edu.sg/context/soa_research/article/1271/viewcontent/Direct_cash_flow_disclosures_predict_2007_sv.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/272
https://ink.library.smu.edu.sg/context/soa_research/article/1271/viewcontent/Direct_cash_flow_disclosures_predict_2007_sv.pdf

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