Detail Analyzing Liquidity Using the Cash Conversion Cycle   Oleh:  Cagle, Corey S. ; Campbell, Sharon N. ; Jones, Keith T. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 215 no. 5 (May 2013), page 44-48. Topik: Risk Assessment; Accounting Policies; Liabilities; Liquidity Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.34 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A good assessment of a company's liquidity is important because a decline in liquidity leads to a greater risk of bankruptcy. FASB describes liquidity as reflecting an asset's or liability's nearness to cash. Creditors often incorporate into loan covenants minimum measures of liquidity that borrowers must maintain. Given the growing emphasis on risk assessment within companies, public accounting practitioners performing such engagements, as well as internal auditors, could also benefit from reliable measures of liquidity in helping management to better understand vulnerabilities. In assessing company liquidity, the most commonly used measure is the current ratio and its variations, such as the quick/acid-test ratio. This article describes the cash conversion cycle (CCC) approach and demonstrates how static measures of liquidity can be misleading is used exclusively, while the CCC can provide a useful complement in assessing company liquidity and hence (as prior studies have shown) profitability and stock returns. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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