SynopsisIn James Herbert's The Dark , madness rages as the lights begin to fade and humanity is attacked by an ancient, unstoppable evil . . . It came like a malignant shadow with seductive promises of power. And somewhere in the night . . . a small girl smiled as her mother burned . . . Asylum inmates slaughtered their attendants . . . in slimy tunnels once-human creatures gathered., A blackness leaves its lair, and begins slowly to spread It came like a malignant shadow with seductive promises of power. Somewhere in the night, a small girl smiled as her mother burned, asylum inmates slaughtered their attendants, and in slimy tunnels once-human creatures gathered. Madness raged as the lights began to fade, and humanity was attacked by an ancient, unstoppable evil., It is clear that value added methods provide relevant, useful information for financial analysis, market valuation, and financial decision making in corporate settings. Value added methods can be used in ratio analysis, in the determination of earnings as an earnings management tools, and can be substituted for earnings in equity valuation. When included in a wealth measurement it can vastly improve the quality of decision making. Riahi-Belkaoui covers these topics and more. His book is a probing, essential examination of what the latest value added methods are and what they can do, not only for accounting professionals but for academics and top corporate management as well. Value added reporting is popular in most European countries and in New Zealand, South Africa, and Australia. Most emerging countries are using it too, or considering it. Riahi-Belkaoui explicates latest developments in value-added practice and research, first covering the meaning of the concept, the history behind value added's development and its implied advantages and disadvantages. He then covers the derivation of a value added report, using a fictional case and the resulting data, before moving to an overview of the empirical literature most concerned with value added in the United States. Documenting the overall behavior of the net value added earnings policy model, he lays the foundation for more contextually specific approaches and investigates the usefulness of the substitution of net-value added in equity valuation. The book concludes with an examination of whether accounting knowledge is associated with a decision maker's tendency to ignore value added in wealth measurement in favor of the profit concept. Riahi-Belkaoui draws heavily on his own important writings, to further illustrate and explain the methods and benefits of value added approaches in accounting and other forms of financial decision making.
LC Classification NumberPR6058.E62