خلاصة:
The quality of benefit depends on being useful in decision making as being related,
reliability, comparability and stability. According to David Aboudi, quality of benefit, is a
part of accounting profit that is sensitive about need and insight of management. Dilot &
Tash argue that several factors such as liquidity, accurate measurement and variable
estimates are used in evaluating of quality of benefit. This evaluation helps the user’s
judgment about trusting to the current income and future perspective. Using accounting
principles in most of the firms leads to providing reported benefit by a range of quality of
benefit instead of specified ridging. It means that the quality of benefit directly is related to
cash flow and amount of current estimation of it and subjective benefit will be at least as
much as benefit has low estimation or high quality, as a result it will have high quality. In
addition, the best quality is obtained when the benefit has the high liquidity and low
estimation. It should be noted that all criteria should be considered not only one special
criterion.
ملخص الجهاز:
, (UJMAS) Volume 5,Issue 1 08-11 (2017) ISSN 2382-9745 Investigation of impact of public ownership on the quality of benefit in the accepted firms of Tehran’s securities and exchange organization Saeed Farokh1 and Hamid Reza Vakili fard2* 1Higher Expert of Accounting, Department of Accounting, Islamic Azad University Science and Research branch Tehran 2Member of board of Accounting, Department of Accounting, Islamic Azad University Science and Research branch Tehran Original Article: Received 10 Dec. 2016 Accepted 30 Dec. 2016 Published 28 Jan. 2017 ABSTRACT The quality of benefit depends on being useful in decision making as being related, reliability, comparability and stability.
Keyword: general ownership, quality of benefit, benefit management, conservatism in accounting, accruals * Corresponding author: Vakili fard Peer review under responsibility of UCT Journal of Management and Accounting Studies 9 Farokh and Vakili fard UCT Journal of Management and Accounting Studies INTRODUCTION Financial reports are one of the most important outputs of accounting system that one of its most significant goals is providing necessary information for evaluation of operation, firms’ profitability and predicting future cash flows.
Novisi and Nicker(2006), conducted a research about relation between public ownership and company's value and result shows that general investors have a higher motivation on supervising on management, hence their presence has a direct impact on the company's value, but on the other hand in higher levels general investors ownership can lead the board of directors to make useful decisions.
Additionally, the result of the test shows a liner and positive relation between public ownership and profit stability.