Formerly Graduate School of Industrial Administration (GSIA)
William Larimer Mellon, Founder
Schenley Park
Pittsburgh, Pennsylvania 15213-3890
United States of America

Pierre Jinghong Liang
Associate Professor of Accounting

Separating Facts from Forecasts in Financial Statements

Jonathan Glover
Yuji Ijiri
Carolyn Levine
Pierre Jinghong Liang
Carnegie Mellon University
 

Accounting Horizons
vol. 19 no. 4, (December 2005) p. 267-282
 
Downloading the paper
2005-Feb Draft
 
Abstract
In this paper, we suggest an extension to the existing accounting model to allow users to better understand the role of estimates/forecasts in financial statements. Our approach relies on a matrix presentation of financial statements. Their amounts are presented in three columns, "fact," "forecast," and "total," where the total column is exactly the same as those in conventional statements. Our paper analyze the costs and benefits associated with the extension.
   
   
   
   

  English Version
Last updated November 1, 2005
send comments to liangj@andrew.cmu.edu 		Chinese Version
Last updated January 6, 2004
send comments to liangj@andrew.cmu.edu