Daya Prediksi Laba dan Aliran Kas (Studi Empiris pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode 2005-2009)

This study provides information on predictive ability of annual earnings and cash flow from op-eration numbers. We obtained a sample of 42 BEI (Bursa Efek Indonesia) listed companies and 168  observation,  year-end  firms  from  2005  to  2009.  We  find  that  both  cashflows  and  earnings numbers have substantially predictive  ability for  future cashflows. Furthermore, this study doc-uments that cashflows numbers have more predictive ability  for future cashflows than earnings and the result are robust.  &nbsp