ENGLISH

Conditional and Unconditional Conservatism: Implications for Accounting Based Valuation and Risky Projects

By Julia Nasev (auth.)

Book information

Publisher
Gabler Verlag
Year
2009
ISBN
978-3-8349-2122-2, 978-3-8349-8458-6
DOI
10.1007/978-3-8349-8458-6
Language
english
Format
PDF
Filesize
1 MB (1177916 bytes)
Edition
1
Pages
116\128
Orientation
yes
Scanned
yes
Time added
2013-08-01 04:00:00
Accounting/Auditing

Description

At the heart of the current debate on financial reporting standards is conservatism. It is one of the oldest principles in accounting. Most obviously, conservatism is reflected in high market-to-book ratios indicating that accounting measurement understates book value relative to market value. Julia Nasev examines the impact of conservative accounting numbers on valuation estimates and on real economic decisions such as cost stickiness.

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