Research on the use of financial statement information for forecasting profitability

Yohn, Teri Lombardi

doi:10.1111/acfi.12394

Cited by 14 publications

(14 citation statements)

References 21 publications

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“…In so doing, we provide empirical support for the call by Elad and Herbohn in 2011 for the IASB to revisit the implementation of FVA in the agricultural sector. We also respond to Yohn’s (2015) recent call for more research into the predictive ability of financial information.…”

Section: Introductionmentioning

confidence: 92%

Is fair value information relevant to investment decision-making: Evidence from the Australian agricultural sector?

Wright

Evans

2018

Australian Journal of Management

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Despite major accounting standards boards worldwide continuing to use fair value extensively, academic evidence on the relevance of fair value accounting has focused on financial assets. This study breaks new ground to provide the first empirical evidence for the agricultural sector on the relevance of fair value accounting. It examines the forecasting power of the fair value of biological assets for future operating cash flows. Using all agribusinesses listed in Australia, where fair value accounting was first implemented in the agricultural sector, we find that fair value of biological assets does not provide incremental forecasting power for future operating cash flows, whether market-determined prices or managerially estimated value is used. The findings of this study provide empirical support for the call by Elad and Herbohn in 2011 for the International Accounting Standards Board (IASB) to revisit the implementation of fair value accounting in the agricultural sector. JEL Classification: G14, G38, M41, Q18

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Section: Introductionmentioning

confidence: 92%

Is fair value information relevant to investment decision-making: Evidence from the Australian agricultural sector?

Wright

Evans

2018

Australian Journal of Management

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“…But is it sufficient? According to Yohn [3] he highlights that financial statement analysis research has slowly evolved and has received limited attention from academics.…”

Section: Estimation Of Epsmentioning

confidence: 99%

Is it Possible to Predict Earnings per Share?

Kmeťko

Hyránek

2021

SHS Web Conf.

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The publication of quarterly results of publicly traded companies can have a significant impact on the valuation of their shares. This is mainly concerned with the valuation of the shares, whether it is correct, and at the same time as a prediction of the overall annual financial results. It In most of the analysed companies, we found that most of the year-on-year changes were negative. It is also not possible to draw a clear conclusion about the linear relationship between the percentage change pf surprises and the change in the market price of shares. It should also be noted that the share price in the monitored days may be affected by the current market situation. What this means in practice is that, despite the positive results and the negative mood, stock prices can end up in negative values. However, this situation was not the subject of our research. Therefore, we used a correlation coefficient for this dependence, which represent the mutual movement.

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“…In the context of an uncertain and unstable economic situation in the world, caused by the introduction of restrictive measures and the willingness of customers and managers of enterprises to protect themselves and their employees, the role of economic forecasting and operational planning increases. It can serve as the necessary airbag capable save the company from unforeseen costs, as well as calculate all the opportunities and risks that the company facing [3].…”

Section: Introductionmentioning

confidence: 99%

Features of application of the forecasting simulation model in the planning process in the enterprise

Olzhabayeva¹,

Vladimirovna²

2021

International Review

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This article discusses the features of using a multi-level simulation model of financial and economic forecasting when planning the activities of an enterprise operating in the railway industry, in particular in the segment of national and international freight transportation. The authors set a goal to show how, through the use of a multi-level simulation model of forecasting, it is possible to significantly increase the reliability of organizational and managerial decisions and ensure a more efficient allocation of resources and reduction of financial risks. The model constructed by the authors can be used to optimize costs, improve the quality of settlements with debtors and creditors, plan the cost and other indicators of financial and economic activity, the ability to build various forecast scenarios allows you to choose the most acceptable option for the company, taking into account the impact of key factors on the financial result and the level of financial risk.

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Research on the use of financial statement information for forecasting profitability

Cited by 14 publications

References 21 publications

Is fair value information relevant to investment decision-making: Evidence from the Australian agricultural sector?

Is fair value information relevant to investment decision-making: Evidence from the Australian agricultural sector?

Is it Possible to Predict Earnings per Share?

Features of application of the forecasting simulation model in the planning process in the enterprise

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