https://journal.num.edu.mn/accounting/issue/feed 2025-06-30T00:00:00+08:00 Altan-Erdene Batbayar altanerdene.b@num.edu.mn Open Journal Systems <p>The Journal of Accounting Theory and Practice (JATAP) is a semi-annual, peer-reviewed, fully open-access academic journal published by the Accounting Department of the Business School at the National University of Mongolia. The journal is bilingual (Mongolian and English), interdisciplinary in scope, and fully refereed. It serves as a scholarly platform for advancing knowledge in the field of accounting through both theoretical and empirical research.</p> <p>JATAP welcomes original research articles, case studies, and review papers covering a wide range of topics, including accounting theory, auditing, financial reporting, financial statement analysis, and asset valuation, particularly in the context of real estate. The journal aims to support academic development, promote innovative approaches, and contribute to the professional growth of researchers, practitioners, and students in accounting and finance.</p> <p>All submitted manuscripts undergo a rigorous double-blind peer review process, typically completed within three months. As a fully open-access journal, all published content is freely available to readers worldwide without any subscription or access fees.</p> https://journal.num.edu.mn/accounting/article/view/9991 2025-05-20T13:26:13+08:00 Bolor Buren bolor.b@num.edu.mn Khishigbayar Lkhagvasuren khishigbayar@num.edu.mn Altan-Erdene Batbayar altanerdene.b@num.edu.mn

<p>The necessity for accurate stock price predictions has prompted the evolution of various equity valuation models. To ascertain the most prevalent valuation method utilized in our country and to evaluate which method demonstrates superior predictive capacity, we conducted a content analysis of the valuation reports from 32 companies that have recently issued or augmented their shares on the Mongolian Stock Exchange (MSE). Our study compared the appraisers' forecast prices with the actual market prices over a 12-month period following the issuance of stocks. The findings of this research reveal that the Discounted Cash Flow (DCF) model is the most frequently employed methodology, whereas the Residual Income Model (RIM) showed the highest predictive accuracy, achieving a rate of 44.6%. Future research should focus on adapting these methodologies to enhance predictive accuracy within the Mongolian context and explore the feasibility of employing alternative forecasting approaches that offer greater precision.</p>

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