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題 名 | 總應計項目與營業活動現金流量資訊內涵之研究=Research on the Information Content of Total Accruals and Cash Flow from Operations |
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作 者 | 謝美緞; | 書刊名 | 慈濟技術學院學報 |
卷 期 | 10 2007.07[民96.07] |
頁 次 | 頁101-124 |
分類號 | 494.76 |
關鍵詞 | 總應計項目; 營業活動現金流量; 折舊費用; Total accruals; Cash flow from operations; Depreciation; |
語 文 | 中文(Chinese) |
中文摘要 | 本研究探討由營業活動所產生之現金流量(CFO)與總應計項目(ACCR)間之關聯性,特別是著重在拆解後的折舊費用項目分析。 將稅後損益加以拆解,比較總應計項目法與損益透視法,並且應用至回歸模型;進而,透過變數所呈現的統計顯著性水準及相關係數,以瞭解其資訊內涵。於稅後損益經過解構後,在總應計項目法上,首先可以產生總應計項目與營業活動現金流量二個組成要素,考量總應計項目中的折舊費用之影響,經由NIATacc*中細分出Deprbt*、Deprtax shield*與NIATacc-depr*三個因素,其中Deprbt*與Deprtax shield*可以再形成為Deprat*;而在損益透視法上,則直接將稅後損益解構為NIATacc*與NIATcf*二個組成要素。 目前除著重會計盈餘與現金流量之資訊內涵或者股票報酬、現金流量與應計項目三者間之預測能力外,可以從總應計項目與營業活動現金流量間的關聯性著手,進而以未來盈餘與超額報酬為基礎,逐步地剖析總應計項目的組成要素與營業活動現金流量間所造成之影響,並瞭解營運資金變動時的衝擊,提供報表使用者更加寬廣的訊息。 本研究所採用的研究方法與模型,能夠對於今後探尋盈餘管理的研究者有所啟迪,而更加地深入體悟與理解;此外,提供證據說明折舊費用在預測未來盈餘與超額報酬時,是較具有資訊內涵的模型。 |
英文摘要 | This research probes into the relationship between cash flow from operations(CFO)and total accruals(ACCR). Especially focuses on the project analysis of depreciation after disassembling. I disassemble net income after tax to compare total accruals method with income respective method and use it to the regression model. And then, to understand its information content through the parameter statistics dominance level and coefficient correlation appeared. An important subtlety presented here is that there is a difference between the before tax and after tax effect of depreciation on the net income after tax of a company. This difference in the before tax and after tax effect of depreciation on earnings is important to my income perspective models since depreciation is larger accruals in total accruals. Researchers used total accruals as a dependent or independent variables all use depreciation before tax. Since this study is focused on earnings after tax, I estimate and use the after tax effect of depreciation on earnings. I also find that models can be affected if researchers use depreciation before tax in after tax study. In addition, I consider influence of amortization charge of total accruals, subdivide out Deprbt* in NIATacc*, Deprtax shield* and NIATacc-depr* three factors. Deprbt* and Deprtax shield* can be formed for Deprat*. Except focusing on the information content of accounting earnings and cash flow or the information content and the prediction ability of stock earnings, cash flow and accruals at present, can be from setting about related among the total accruals and cash flow from operating activity, and then is based on future earnings and abnormal returns. In addition, I quite analyze the influence caused among the composition key element of the total accruals and cash flow from operating activity progressively. Help investors to understand the impact of working capital changes and offer more broad information of the report form. |
本系統中英文摘要資訊取自各篇刊載內容。