The Investigating of Financial Variables in Predicting of Operating Cash Flows With Respect to Special Time Lags

The goal of this study is to appraise the ability of earning, operating cash flows and accruals in predicting future operating cash flows with respect to special time lags. The research period is from 2004 to 2009, and our sample include companies listed in Tehran Stock Exchange. The regression results of the research hypotheses show that there is a significant relationship between future operating cash flows and earning, and three years lags show the highest relationship in relation to other lags and current year. Also, results reveal that, there is a significant relationship between future operating cash flows and, current and past operating cash flows, and current year shows the highest relationship in relation to all the lags. Furthermore, The results indicate that there is a significant relationship between future operating cash flows and accruals, and two years lags show the highest relationship in relation to other time lags and current year.