Accounting reporting standards: attitudes toward cash flow reporting and the impact on share price
by Donna Whitten; Tantatape Brahmasrene
International Journal of Critical Accounting (IJCA), Vol. 11, No. 1, 2019

Abstract: This study explores the attitudes of accounting reporting standard-setters towards cash flows and the impact on cash flow per share (CFPS) on share price. Included are companies headquartered in the USA, where generally accepted accounting principles (US GAAP) is adhered to and reporting CFPS is prohibited, and Canada, where international financial reporting standards (IFRS) has been adopted and companies are free to report CFPS. The results indicate differences exist. First, the firm's country where headquartered is highly significant in determining share price. Next, whether earnings per share (EPS) was positive or negative is significant. Finally, for US based companies, CFPS was significant when EPS was positive, but insignificant when EPS was negative. Conversely, for those firms that are headquartered in Canada, CFPS is highly significant whether EPS is positive or negative.

Online publication date: Fri, 29-Nov-2019

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Critical Accounting (IJCA):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com