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Full-Text Articles in Accounting
Price Multiples As Indicators Of Stock Price Movement: Evidence From The 21st Century, Jason Zamichiei
Price Multiples As Indicators Of Stock Price Movement: Evidence From The 21st Century, Jason Zamichiei
Honors Scholar Theses
This paper examines the use of price multiples to predict stock returns. The price to earnings, price to sales, and price to book value multiples are regressed against annual stock returns to determine if a relation between the magnitude of the multiples and returns exists. The results indicate that there are relations between low price to earnings and price to sales multiples and positive returns. I find no evidence that the price to book value multiple can be used to develop a stock buying strategy.
Debate Over Fair Value Accounting: Should We Allow Politics To Take An Active Role In Setting Accounting Standards Or Should We Trust That The Sec Knows Best?, Melina Botcheva
Honors Scholar Theses
In light of the recent economic downfall, there has been significant media coverage on the topic of fair value accounting. There are many critics of the accounting rule, who place blame on it for the destruction of billions of dollars in capital between financial institutions. Other commentators, however, see the rule as necessary and applaud its ability to bring the turmoil in the economy into the spotlight promptly so that it could be addressed effectively. This paper will begin by conducting a study of fair-value accounting from its inception in previous standards and then follow it through to Statement No. …
Analysis Of The Lifo Inventory Valuation Method During The Onset Of Ifrs, Joseph Louis Romeo
Analysis Of The Lifo Inventory Valuation Method During The Onset Of Ifrs, Joseph Louis Romeo
Honors Scholar Theses
I propose that the Last in, First out (LIFO) inventory valuation method needs to be reevaluated. I will evaluate the impact of the LIFO method on earnings of publically traded companies with a LIFO reserve over the past 10 years.
I will begin my proposal with the history of how the LIFO method became an acceptable valuation method and discuss the significance of LIFO within the accounting profession Next I will provide a description of LIFO, the First in, First out (FIFO), and the weighted average inventory valuation methods and explore the differences among each. More specifically, I will explore …