Value-Added Accounting: An Empirical Illustration with Reference to the Port of Visakhapatnam
M. S. V. Prasad et al.
What the paper says
Value-added statements are gaining importance in today’s corporate world as another source of accounting disclosure of corporate results. In this study, value-added statements are prepared from the data obtained from the Port of Visakhapatnam, an emerging high-tech natural port on the coastal belt of India. The study is based on the hypothesis that the concept of value-added accounting is somehow integrated in the several areas of accounting of Visakhapatnam Port Trust, a public sector organization. Efforts have been made to investigate the above hypothesis to establish a comprehensive overview of the different uses of the value-added statements in various areas of accounting in the port. In particular, the role of value-added accounting in financial reporting and analysis is investigated and explained. As an illustration, the value-added accounting for the past 10 years of the port is presented. Gross value-added and net value-added by the port is calculated by using Serge and Ahmed (1998) value-added equation and compared graphically. Similarly, polynomial equation is derived for projection of value-added contribution of the port for the next 10 years, and R2 of the trend showed more than 80% accuracy of the projections. Simple statistical tools are used for testing statistical significance of the data and for analysis.
1 citation
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.21 × 0.4 = 0.08 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.