The financial nature of the components of capital

DISCOUNT RATE - FUTURE CASH FLOW- RISK - CORPORATIVE EQUITY – TIME VALUE OF MONEY Abstract: The present paper has prepared in relation to the research project UBACYT E004 2008/2011, “Theoretical basis for the measurement of the corporative equity in recoverable current currency”, directed by the Dr....

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Detalles Bibliográficos
Autor principal: Arreghini, Hugo Ricardo
Formato: Artículo publishedVersion Articles Artículos de Investigación
Lenguaje:Español
Publicado: FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES 2010
Materias:
Sistema de Información Contable
Naturaleza del Capital
Carácter financiero
Valor razonable
Informative Accounting System
Capital's Nature
Financial Character
Fair Value
Acceso en línea:https://ojs.economicas.uba.ar/Contyaudit/article/view/48
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=contabit&d=48_oai
Aporte de:
Repositorio Digital de la Universidad de Buenos Aires (UBA) de Universidad de Buenos Aires
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Sumario:DISCOUNT RATE - FUTURE CASH FLOW- RISK - CORPORATIVE EQUITY – TIME VALUE OF MONEY Abstract: The present paper has prepared in relation to the research project UBACYT E004 2008/2011, “Theoretical basis for the measurement of the corporative equity in recoverable current currency”, directed by the Dr. Mario Biondi. One of the raised questions, in the mentioned project, is the definition of the minimal conditions that would have to fulfill the rate of discount to be applied to the future cash flows generated by the entities’ equity. The proposed measurement of the equity should be aligned with the “going-concern” principle; therefore do not intend to develop a business valuation methodology for determine Company’s valuation, the purpose is to measure the corporative equity in recoverable current currency. Also, the purpose is not to determine a recoverable value under assets impairment circumstances, if indicators of impairments exists the effects would be reflected in the projections of cash flows. The selection of the rate of discount depends not only on the way in which the future cash flow was estimated in relation to the risks considered in its projection, but also depends on the purpose for which that cash flow was prepared or the purposes of the measurement.

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