The Financial Accounting and Auditing Researches
Year:2010 | Volume:2 | Issue:6|Papers Count:8

This paper examines the relationship between the Indexes peculiar to the trends of companies in Tehran stock enchange. This study itends to spell out the Granger causality relationship and meaningfulness of relationship between trend particulars in term of stock value with economic growth changes in one hand and discovering the same relation among the parameters in terms of investment market promotion and economic growth on the other hand, which ultimately itends to apply the findings to Policies and decisions made with regard to investment Market. Granger causality test and regression analysis using a Cobb-Douglas production function were used to analyze data from 103 active companies in tehran stack exchange in a ten-year period. All these companies have been accepted in Tehran stock exchange in 1993 and had a fiscal year terminating mid-March 1993.The findings has outlined the occurance of meaningful relationship between a company’s fixed assets and the quota of GDP per capita. The findings underscore the importance of the company fiscal resources and its effective role in the economic growth. On account of lack of any meaningful relation between economic growth and other dual trend variables, the ineffectiveness of these trends on economic growth is proved.

This paper examines the relative value-relevance of both earnings and book value in the presence of three alternative sources of earnings management: short-term discretionary accruals, long term discretionary accruals, and total discretionary accruals. Discretionary accruals are commonly used as a measure of earnings management. A contribution of this paper is the development of models to estimate short-term and long-term discretionary accruals. This enables investigation of differential effect on value-relevance of earnings management through the use of short-term versus long-term discretionary accruals.The research sample is selected from companies listed in Tehran Stock Exchange for the period of 1999-2007. F-test in Correlation analysis is used as surveying the Correlation punctual and t-student test is used for testing the research hypotheses.The results demonstrate that earnings management has an impact on value-relevance of both earnings and book value. For firm’s whose discretionary accruals indicate earnings management, the value-relevance of earnings is lower than for firms without earnings management. Moreover, earnings management via long-term discretionary accruals merely has an impact on the valuerelevance of book value.

Companies need many financing resources for executing available investment projects, settlement of debt and pay dividend to stockholders. One of the main factors to be a successful company is determination of suitable financing resource and making sound decision in this regard.The main objective of the present research is examining the relation between financing method (external financing) and successful of corporation in Tehran stock exchange during 1382-1386 and another objective is which financing resources(share issuing, loan) has a higher impact on company prosperity. We have used two categories of information for studying the above mentioned objectives. The first is library studies, and the second is secondary data in the form of extracted financial information from financial statements of listed companies in Tehran stock exchange which were recognized as smoothers for 82-86 in two categories, the first is including the companies which used share issue and the second is including the companies used bank loan. Then the investigated companies in these two categories, based on their stock return are categorized in two classes successful and unsuccessful. We have tested statistically our research main hypothesis that was a confirmation on the existence of a meaningful relationship between financing method and companies' successful.in conclusion of this research we realized that the share issuing method has a higher impact on successful companies in comparison with loan financing method.

Decision Making about Future Circumstance Is Companion with Predicting, so Predicting Is Inseparable Part of Process Decision Making. Necessity to Predicting Future Cash Flows Have Fundemental Role in Different Economical Decisions of Agent Stock Exchange and Financial Analysts, Customer, Employee, Government, Managers, Investors and Creditors. The Goale of this Study Is Evaluate Correlation between Cash Flows from Operation of Past Term and Earnings from Operation and Accruals of Past Term with Future Cash Flows, and Is Trying for Recognition and Assessing Accruals Role in Improving Predicting Power of Future Cash Flows Predicting Models. On The Other Hands, in Research Try to Answer this Main Question That: Which of Cash Accounting Data or Accruals Accounting Data Have More Ability for Predicting Future Cash Flows by Use from Interim Financial Information Listed Companies in Tehran Stock Exchange (TSE). For This Aim Necessity to Statistic Test for 3 Models Regression Applied from "Past Cash Flows from Operation", "Past Earnings from Operation", "Past Cash Flows and Accruals". Result of The Research (at The Confidence Level of 95%) Show That Could Claim: Cash Interim Data Don't Have Predicting Future Cash Flows Power and Accruals Interim Data Have Predicting Future Cash Flows Power and Use from Accruals With Cash Details Increasing Predicting Future Cash Flows Power in Model Up to Considerable Level.

This study has investigated the determinats of earning per share restatement in listed companies in Tehran securities exchange during 1380 to 1386. relationship between dependent variable ( difference of restated earnings per share and unrestated earning per share) and independent variables: firm size, sale growth, financial leverage, return on assets, accounting conservatism index, earning quality index, change of auditor and cash flow operating _ to _ income ratio has analysed. Objective of this study is finding the factors that are effective on earning per share restatement. Research method in this study is correlation. In this research investigated effect of independent variables on dependent variable. The progress is including conceptual and experimental analysis. Data in this study was entered in spss and so investigate relationship between dependent variable and independent variables in one stage. Also to analysis of relationship between dependent variable and independent variables in each year has used from pearson correlation. Main result of this study is that earning quality index only is effective on earning per share restatement among independent variables.

This study, investigates the relation between the Quality of earnings and dividends policy in Tehran Securities Exchange. The main purpose of this study is to answer the question of "whether it is possible to evaluate dividends policy, with Quality of Earning". To do so, 97 firms were selected in the course of 2001-2007. for the first hypothesis, we used the Multi-variable regression and for the second and third hypotheses, we used the logit regression. Quality of earnings was measured through two substituted variables (convergence of earnings to cash flows from operations and the change in discretionary accruals).The findings show that in the case of measuring Quality of Earning based on change in discretionary accruals, there exists weak negative relation between the quality of Earnings and the payment of more dividends.Also, if the quality of Earnings is evaluated based on the approximation of earnings to cash flows from operation, there will be a strong and positive relation between the quality of earnings and the possibility of dividends increase. The results show that change in firm's Quality of Earnings includes some information contents about the probability of change in dividends and managers of corporations, have special attentions to cash flows and market reactions in their decisions about dividends policy and they believe to Functional Fixation in the investor's behavior.

This study, investigates the relation between the cash flows management and the debt of cost in accepted Tehran Stock Exchange. In the study, four control variebles rate of sales growth,percentage of government ownership,financial leverage and company size and one dependent variable (Abnormal Cash Flow) are selected and their effects on the debt of cost in accepted Tehran Stock Exchang in the cours of nine years from 1378 to 1386 were studied. the data is collected through both field study and case study and multy linierregression and step to step are used for testing the hypotheses. The obtained results are indicative of a meaningful relation between financial leverage variable,rate of sales growth,abnormal cash flow and debt cost and also there is no meaningful relation between sales growth variables and percentage of government ownership with debt cost. The abnormal cash flow is as the index of cash flow management in this paper and there is a direct relation between cash flow management and debt of cost of the company.

The aim of this research is to investigate the effective factors in creation of outstanding claims in trade & industrial free zone commercial banks during 2001-2007.The dossiers with the highest still pending debt to each of the bank Mellat branches in Kish Island were collected and the necessary information was collected to analyze the data mining. Finally, 58 dossiers from the above mentioned ones were selected for further analysis. In this research, the analysis of the data was done by the use of inferential statistics and SPSS software. For the data analysis, frequency distribution, central indicators, dispersal indicators, Spearman correlation analysis and Chi-Square test were used.The results indicate that:There is a relationship between pending claims and the exchange rate fluctuations, the type of economic activity, the length of granted credits, the type of the uses of credit, the way of following up pending installments, the form of credentials realization, the type granted credit envisioned, each with the claims there is still pending.