PUBLICATION OF FINANCIAL FORECASTS:PREDICTIVE ACCURACY AND IMPLICATION FOR USERS OF FINANCIAL REPORTS.
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Nonnally, it is the practice of companies to publish forecasts of future prospects
dwing mergers, acquisitions, and offer for sale or subscription using the prospectus. Since
the forecasted results to some ex tent detenn ine the actual rcp01ted performance of these
companies (in tem1s of earnings per share and dividend per share), in vestors and
shareholders could request that companies show one to three year forecasts in their
annual repo1ts. Despite the significance of profit forecast to investors, little or no attent ion
has been paid to its reflection in the annual rep01t of companies
Keywords
H Social Sciences (General), HF5601 Accounting