Title

THE RATE OF RETURN FROM INTERIM FINANCIAL REPORTS AND THE ALLOCATION PROBLEM IN FINANCIAL ACCOUNTING

Document Type

Article

Date of Original Version

1-1-1983

Abstract

Estimation theory in accounting explains how accountants allocate noncash expenditures to estimate such concepts as the firm's long run rate of return. If the accountant's goal in estimation is some high degree of precision, the usefulness of financial reports can be evaluated in light of that goal. In this study, the property of unbiasedness is identified with respect to the purposes of interim financial reports. Furthermore, the magnitude of the bias in estimates from financial reports is measured. Copyright © 1983, Wiley Blackwell. All rights reserved

Publication Title

Journal of Business Finance & Accounting

Volume

10

Issue

2

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