Journal of Advanced Research in Accounting and Auditing
Volume:1 Issue: 1, 2016

Companies provide their investment expenses and their own operation through financing from a different sources. Selection of the best method of financing is the responsibility of financial managers. This can be done through liabilities or distribution of stocks. In the present study, operational liabilities as a crucial means of financing were investigated in terms of their future return in 110 stockholder companies confirmed by Tehran Stock Exchange during 2008 to 2013. Methodology was a descriptive one based on regression analysis through compound data. Findings showed that there was significant relationship between operating liability leverage, Contractual Operating liability leverage and future return of companies’ stockholders. Further, overall lever leads to a balance between lever of operational liability and future return of shareholders. Besides filling the gap in this field, implications of the study would be efficient for managers and investors too.

Investors, credit providers and financial analysts interested in more information about smoothing in the investee company to have, especially if this information is based on decisions affecting them. Research findings indicate that many investors in making investments, profit smoothly and prefer low volatility. In this context, managers are trying to profit and growth rates show it smoothly. This study examines the effect of operating cash flow in public listed companies (Salem, bankrupt and uncertainty in the region, according to Altman bankruptcy model) on the Stock Exchange on earnings smoothing. Lintner model used to smooth income. A careful study of literature, five hypotheses and sample consists of 164 companies for the period 1389- 1393 five-year and using multiple linear regression analysis is located.
The results indicate that a significant positive relationship between income and income smoothing exists. But between operating cash flow and income smoothing significant positive relationship was not found. As well as between income compared with the previous year and operating cash flow smoothing and there is a significant positive relationship. The results indicate that a significant positive relationship between income and income smoothing exists. But between free cash flow and income smoothing significant positive relationship was not found. As well as between income compared to the prior year free cash flow and income smoothing and there is a significant positive relationship.

High quality accounting information is the main pre-requisite to ensure the healthy functioning of capital market and generally economics and has the great significance for investors, firms and developers of accounting standards. Therefore, the present study investigates the impact of disclosure quality on circulating capital management in firms. For this purpose, the quality of information disclosure on liquidity ratio, activity and debt ratios, in terms of the final scores granted by stock exchange market to member firms, is tested.
The study statistical community was composed of all the firms listed in Tehran Exchange Market, except for investment firms, banks and insurance companies, during 2009 to 2013. The study results which were measured using Eview Software indicated a significant relationship between the disclosure quality of data and net circulating capital, net turnover, average receivable collection period, debt ratio, debt to equity ratio and operation period. In addition, there was a significant relationship between the quality of data disclosure and current ratio, average inventory circulation period, immediate ratio and interest expense coverage ratio.

Profit smoothing has a clear aim and it is to create the steady growth in profits. The existence of this type of manipulation needs that a company have a lot of profits in order to be supply necessary resources for regulating currents at the time of need. In general, its aim is to reduce the variations of profits and to consider the reported accounting interest profit important. There is a hypothesis that managers seek to smooth profits during all periods in order that the more fixed profit flow with less annual variance results in higher company valuation. In some cases, this issue is suggested that a natural stock market cannot take appropriately the accounting data. Therefore, the present study is to investigate the effect of profit smoothing on the economic value added of companies listed on Tehran Stock Exchange. The population of the study includes all companies listed on Tehran Stock Exchange. The sampling method was simple random sampling. The study was a longitudinal three-year period one started from 2010 to 2013. The results of the research indicate that profit smoothing is effective on the economic value added of companies listed on Tehran Stock Exchange, and economic value added of smoothing companies is significantly less than that of unsmoothing companies.

Methods of financing for the continuation of activities and implementation of development projects profitable companies are very effective and leads to the survival of the companies in today's competitive world. Financing can be done in different ways and companies can finance itself from inside or outside the enterprise supply. One of the ways debt financing through external financing of the company. In this study, the relationship between corporate performance and financing through debt, in Tehran Stock Exchange by selecting a sample of 175 years - now and for a 5-year period, 1392- 1388 is studied. For information processing and data correlation and multivariate regression and SPSS software. According to this study, no significant relationship between the rate of return on assets and short-term debt, long-term debt and firm size there as well the relationship between the rate of return on assets and life now is not significant.