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A dynamic balance model for analysts and managers

D.G. Gouws (Department of Accounting and Finance, University of Pretoria)
P. Lucouw (Department of Accounting, Potchefstroom University for CHE)

Meditari Accountancy Research

ISSN: 1022-2529

Article publication date: 1 April 2000



Thinking and research in respect of accounting and finance over the past three decades have been dominated by a methodology that is primarily based on the predictability of accounting data and its relationship to certain phenomena. The magnitude of change in business makes the future unpredictable. Analysts and managers are confronting an entirely new business environment in which traditional approaches are no longer valid. A systems approach provides a new way of looking at financial analysis. The purpose of this study is to focus on the present, on the ability to cope and the capacity to change in a changing environment. The ability to create an own future is being seen as more important than the art of predicting the future. This paper describes an empirically tested dynamic balance model to establish whether entities are able to adapt, survive and prosper.



Gouws, D.G. and Lucouw, P. (2000), "A dynamic balance model for analysts and managers", Meditari Accountancy Research, Vol. 8 No. 1, pp. 25-45.




Copyright © 2000, MCB UP Limited

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