engleski

Using the Cash Flow Statements in Capital Markets : The Case of Croatia

In order to investigate the mentioned presumption we made comparison between preparing cash flow statements (CFS) under United States Generally Accepted Accounting Principles (US GAAP) and International Accounting Standards (IAS), and examined how well CFS information satisfies the information needs of investors and analysts using the financial ratios based upon CFS measures. We also compared the extent of using the CFS in developed capital markets and capital market in Croatia, which is underdeveloped and has limited significance in the financial system. Finally, on the sample of companies listed on the Zagreb Stock Exchange we empirically tested the scale of using CFS.

Cash flow statement; capital market; performance measuring; financial reporting

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