This study seeks to investigate the role of the accruals decomposition in increasing the information value. The sample is composed of 66 firms listed on the Tehran Stock Exchange over a five year period from 2007 to 2011. The samples are selected by using filtering technique. The collected data is examined by univariate and multivariate regressions. The findings reveal that the cash-flow-statement based accruals have no effect on the return. The findings reveal that the cash-flow-statement based accruals and return are negatively associated. The results of this study showed that there is a significant negative association between cash-flow-statement based accruals and return; however, this relationship is positive for the four-items and return. Furthermore, it is found that there is a negative significant relationship between cash-flow-statement based accruals and return. Among the four differential factors, it is shown that the operating other funds are positively associated with the return.
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