收入和现金流量的定价和权责发生制的确认.docVIP

本科毕业论文（设计） 外 文 翻 译 原文： The pricing of earnings and cash flows and an affirmation of accrual accounting This paper examines a core idea in accounting, drummed into every beginning accounting student: accrual accounting, rather than cash accounting, is appropriate for business reporting. Accounting goes beyond a mere cash book, to report (accrual) earnings rather than cash flow as the measure of valued added. The paper investigates whether common shares are priced in the stock market according to accounting prescriptions on how earnings and cash flows affect shareholders’ equity. To develop a