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Top Management Team Incentive Dispersion and Managerial Efficiency Australian Accounting Review (IF 2.68) Pub Date : 2024-03-01 Hongkang Xu, Rachana Kalelkar, Long Liu
This study examines the association between dispersion in pay‐performance sensitivities (PPS) among top management team (TMT) members and managerial efficiency. While prior research has focused on managerial efficiency as an innate characteristic of managers, this study explores how managerial incentive dispersion shapes managerial efficiency. Using a sample of US firms from 1993 to 2019, we find a
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Work Overload, Work–Life Balance and Auditors' Turnover Intention: The Moderating Role of Motivation Australian Accounting Review (IF 2.68) Pub Date : 2024-02-29 Iryna Alves, Miguel Limão, Sofia M. Lourenço
Auditor turnover remains a persistent concern for regulatory bodies and auditing firms. Past research on auditors’ turnover intention has explored various factors influencing auditors’ turnover intention, including job satisfaction, organisational commitment, work overload and work–life balance. However, the potential role of motivation in mitigating the adverse effects of work overload and work–life
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Does Audit Committee Busyness Affect Financial Restatement? Evidence from Audit Committee Share Ownership Australian Accounting Review (IF 2.68) Pub Date : 2024-01-29 Md. Borhan Uddin Bhuiyan, Solomon Opare, Zahir Ahmed
We examine the association between audit committee (AC) busyness and financial restatement and determine whether AC share ownership moderates this relationship. Using logit regression analysis, we test our hypotheses on a sample of 6408 firm-year observations from 2004 to 2015 for companies listed on the Australian Securities Exchange. The study reveals that firms with busy ACs engage more in financial
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Managing Trade-Offs Between Environmental, Social, Governance and Financial Sustainability in State-Owned Enterprises: Insights from an Emerging Market Australian Accounting Review (IF 2.68) Pub Date : 2024-01-19 Adeyemi Adebayo, Barry Ackers
Concerns remain about how companies will reconcile environmental, social and governance (ESG) issues with their core mandates. This is one reason why many organisations did not initially subscribe to sustainable investing, reporting and accounting, especially where it is not mandatory, despite growing stakeholder pressure to do so. This paper examines how state-owned enterprises (SOEs) with social
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Focus on the Future Australian Accounting Review (IF 2.68) Pub Date : 2023-12-18 Yaowen Shan, Sue Wright
In the final issue of Australian Accounting Review for 2023, we present four articles that focus on the future of accounting, and the critical role that accountants play in shaping the reporting of business transactions. We are proud that our leading article is an update to a well-cited and influential article published in Australian Accounting Review 20 years ago. The article by Burritt et al. (2023)
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Classification Shifting and Future Stock Price Crash Risk Australian Accounting Review (IF 2.68) Pub Date : 2023-12-04 Juhee Hwang, Cheol Lee, Giman Nam
We examine whether classification shifting is associated with stock price crash risk. Unlike prior studies, our study is focused on bad news hoarding through classification shifting. Prior studies document evidence of the greater weight market participants place on core earnings and stock price crash resulting from delayed bad news releases. Building upon these findings, we predict that crash risk
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Tax Haven Use and Related-Party Transactions: Evidence from Australia Australian Accounting Review (IF 2.68) Pub Date : 2023-12-01 Abdullah Almutairi, Baban Eulaiwi, Robert Evans, Grantley Taylor
Related-party transactions (RPTs) and transfer pricing techniques are typically used by multinational enterprises to reduce their tax obligations by shifting the income to zero or to low-tax countries. These techniques have thrived and have emerged as a significant concern for tax authorities. This study investigates the effect of tax haven utilisation on related-party sales pricing in a sample of
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Contemporary Challenges: Spotlight on Climate, Cryptocurrencies and SME Practices Australian Accounting Review (IF 2.68) Pub Date : 2023-09-17 Yaowen Shan, Sue Wright
Australian Accounting Review is always at the forefront of addressing contemporary challenges in the accounting domain. This issue of Australian Accounting Review provides rich information for that short conversation or new research idea that demonstrates your familiarity with the latest research in your field. It contains updates from experts on the following. - How top Australian companies disclose
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The Future of Accounting Talent: Career Values, Choices and Satisfaction Among Early Career Accountants Australian Accounting Review (IF 2.68) Pub Date : 2023-09-05 Denise Jackson, Julia Richardson, Grant Michelson, Rahat Munir
Amid a global war for accounting talent, this paper extends our understanding of early career accountants’ (ECAs) career values and the alignment between their career expectations and experiences when entering the profession. Drawing on survey data from 305 ECAs and 165 managers/recruiters of ECAs in Australia, the paper uses social cognitive career theory and person–organisation fit theory to explore
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Environmental Management Accounting – Developments Over the Last 20 years from a Framework Perspective Australian Accounting Review (IF 2.68) Pub Date : 2023-08-26 Roger L. Burritt, Stefan Schaltegger, Katherine Leanne Christ
The most cited framework for environmental management accounting to date was published in the Australian Accounting Review 20 years ago. This framework has until today considerably influenced the development of the environmental management accounting field. Set against new sustainability challenges it is now time to question if the framework remains relevant or if it needs to change, and in what ways
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Commentary: Climate-Related Risks Disclosures in the Notes to Financial Statements: Descriptive Evidence from Australia Australian Accounting Review (IF 2.68) Pub Date : 2023-08-24 Ao Li, Eric C.T. Lee
This paper aims to provide background information about the International Accounting Standards Board's Climate-Related Risks in the Financial Statements project. Further, we provide some observations of related disclosures in the notes to the 2022 financial statements of the top 75 Australian Securities Exchange-listed entities. Overall, we find that there has been improvement in the disclosures and
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Internal Information Quality and Corporate Employment Decisions Australian Accounting Review (IF 2.68) Pub Date : 2023-07-31 Ahrum Choi, Woo-Jong Lee, Yong Gyu Lee, Gaoguang Zhou
Prior studies argue that high-quality internal information improves forecasting and reduces internal information asymmetry, and hence facilitates firms’ decision-making. Consistent with this argument, we find that internal information quality (IIQ) is positively associated with employment efficiency. Furthermore, we find that better IIQ leads to an improvement in employment efficiency primarily by
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Keeping up with the Changing World of Accounting Australian Accounting Review (IF 2.68) Pub Date : 2023-07-06 Yaowen Shan, Sue Wright
This issue of Australian Accounting Review updates readers on six of the key areas in which the world of accounting is changing: artificial intelligence (AI); the impact of reporting key audit matters; measuring inventories at fair value; the importance of staffing for audit quality; barriers to the usefulness of not-for-profit reporting; and setting an agenda for research into corporate human rights
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On Accounting Firms Serving Small and Medium-Sized Enterprises: A Review, Synthesis and Research Agenda Australian Accounting Review (IF 2.68) Pub Date : 2023-06-07 Zahid Ali, Ghulam Mustafa
This paper systematically reviews the body of literature on accounting firms that serve small and medium-sized enterprises. It seeks to present the status quo, reflect on inconsistent views, uncover gaps and suggest avenues for future research. Following a database search and referral scan, 54 empirical studies published in peer-reviewed journals are identified and used for the analysis. We group the
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Some Prognostications: Artificial Intelligence and Accounting Australian Accounting Review (IF 2.68) Pub Date : 2023-06-07 Ron Weber
The Colin Ferguson Oration is the address given to attendees at the annual Australia Accounting Hall of Fame dinner and presentation evening. It is an invited oration, whereby an eminent modern-day leader addresses the audience on matters at the intersection of business, government and the academe as they relate to the rich history, the current state and/or the future direction of the accounting profession
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Accounting For Digital Assets Australian Accounting Review (IF 2.68) Pub Date : 2023-05-08 Andrew B. Jackson, Steven Luu
Recent years have seen developments in distributed ledger technologies, such as blockchain, that have led to significant growth in the number and type of digital assets available. In this article we review the current practice of the small number of firms globally reporting digital assets on their financial statements. We then assess potential treatments under current GAAP, namely as intangibles, inventory
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Barriers to the Usefulness of Non-profit Financial Statements: Perspectives From Key Internal Stakeholders Australian Accounting Review (IF 2.68) Pub Date : 2023-05-07 David J. Gilchrist, Andrew West, Yuyu Zhang
The extent to which financial reports are useful is of central importance in relation to the accounting standards that underpin them. This is as true of non-profit financial reporting as it is of financial reporting in the commercial and public sectors. In this paper we report on our findings related to a research project focused on examining the usefulness of Australian accounting standards from the
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Editorial Australian Accounting Review (IF 2.68) Pub Date : 2023-03-12 Yaowen Shan, Sue Wright
From the Editors-in-Chief Australian Accounting Review (AAR) enjoys a unique position as an accounting journal that is read and appreciated by practising accountants, those interested in accounting policy and practice, regulators and accounting academics. The articles published in AAR in 2022 have benefited from the goodwill of many significant participants in the world of accounting in our region
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Shareholders’ Perception of Auditor Type and Timing of Auditor Engagement: Evidence from Auditor Ratification Australian Accounting Review (IF 2.68) Pub Date : 2023-03-07 Jennifer K. Howard, Myungsoo Son, Hakjoon Song
Many companies present their selected auditor to shareholders for ratification. In this study, we use auditor ratification voting results to examine whether shareholders view the type of auditor and the timing of the engagement as indicative of audit quality. The auditor ratification literature has yet to explicitly examine these research questions. Our study is unique in that we focus on the auditor
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The Real Effects of Analyst Research Quality: Evidence from the Adoption of the Broker Protocol Australian Accounting Review (IF 2.68) Pub Date : 2023-03-06 Petya Platikanova
I provide empirical evidence that labour market frictions have an adverse effect on the quality of analyst research. Using the staggered, voluntary adoption of the Protocol for Broker Recruiting (Protocol) since 2004, I show that, without non-compete agreements, financial analysts produce more accurate forecasts and exert greater efforts in updating their research more frequently. Consistent with the
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The Informative Value of Key Audit Matters in the Audit Report: Understanding the Impact of the Audit Firm and KAM Type Australian Accounting Review (IF 2.68) Pub Date : 2023-02-22 Nicolás Gambetta, Laura Sierra-García, María Antonia García-Benau, Josefina Novejarque-Civera
This paper examines whether the readability (and hence informative value) of key audit matters (KAM) varies according to the audit firm and the KAM type disclosed, a question of vital importance for stakeholders, whose effective decision-making depends on the quality of information received. Our analysis shows that the informative value of KAM matter and KAM audit procedures varies according to the
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Bayesian Investor Belief Updating Speed and Market Underreaction to Earnings Announcements Australian Accounting Review (IF 2.68) Pub Date : 2023-02-21 Yan Han, Xin Cui, Gloria Y. Tian, Peipei Wang
Building on the Bayesian Theorem, we propose a multi-period market microstructure model to understand how Bayesian investors underact new information and the duration of market underreaction. Applying the model to post-earnings-announcement drifts, our simulation and regression analyses show that the duration of the post-announcement price adjustment process and the post-announcement drifts can be
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Accounting for Intangible Assets: Thinking It Through Australian Accounting Review (IF 2.68) Pub Date : 2023-01-05 Stephen Penman
With the modern corporation investing more in intangible assets, the issue of appropriate accounting for these assets is very much at the fore and formally on the agendas of accounting standards boards. Some commentators advocate that internally generated intangible assets should be booked to the balance sheet, just like tangible assets. This paper explains that this apparently straightforward solution
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Moderating Role of Cost Accounting Information Quality on the Relationship Between the COVID-19 Pandemic and Budgeting in Public Hospitals Australian Accounting Review (IF 2.68) Pub Date : 2022-12-07 Odysseas Pavlatos, Hara Kostakis
Based on new public management, information processing theory and contingency theory, this study investigates the impact of the COVID-19 pandemic on budgeting in public hospitals, focusing on budget use. The research hypotheses were tested using a survey of 82 responses from hospital CFOs. The results show that the organisations that were most affected by the pandemic increased their use of budgets
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Auditor Materiality in Expanded Audit Reports: More (Disclosure) is Less Australian Accounting Review (IF 2.68) Pub Date : 2022-11-29 Karen-Ann M. Dwyer, Niamh M. Brennan, Collette E. Kirwan
The United Kingdom (UK) Financial Reporting Council (FRC) introduced expanded audit reports to improve audit report disclosures and render audits more transparent to financial statement users. This study examines audit materiality threshold disclosures, providing descriptive evidence of how auditors disclose materiality information in UK audit reports. This research uses manual content analysis (i)
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Research on Application and Impact of IFRS 9 Financial Instruments Australian Accounting Review (IF 2.68) Pub Date : 2022-11-22 Michael Bradbury, Bryan Howieson
In conjunction with the International Accounting Standards Board (IASB), the March 2021 issue of Australian Accounting Review (AAR) contained a call for papers for a special issue of the journal: Research on Application and Impact of International Financial Reporting Standard (IFRS) 9 Financial Instruments. For the IASB, the aim of the special issue was to provide evidence to inform the post-implementation
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Long and Short-term Investments by European Banks – Trends Since the IASB Published IFRS 9 Australian Accounting Review (IF 2.68) Pub Date : 2022-11-20 Edgar Löw, Marc Erkelenz
IFRS 9 was introduced by the IASB in 2014 with a mandatory application in 2018. Three years later the IASB started a post-implementation review project. Major concerns at a political level and from the (insurance) industry were raised about long-term investment strategies that appear less favourable due to new measurement categories and impairment rules. Furthermore, it was expected that the new rules
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Editorial: Climate-related Disclosures Australian Accounting Review (IF 2.68) Pub Date : 2022-10-08
As editors we are proud to compile the papers for this issue of Australian Accounting Review, the third for 2022. We have included five research papers, a review paper and a commentary and perspectives paper. The review paper, Zhou (2022), is the second paper in this issue. The research team provides AAR readers with a literature review of archival research papers on climate-related information and
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Accounting for Corporate Human Rights: Literature Review and Future Insights Australian Accounting Review (IF 2.68) Pub Date : 2022-10-06 Walaa Wahid ElKelish*
This paper examines previous literature on accounting for corporate human rights (AHR) to identify the main research themes and development, conduct critical evaluations and open up new pathways towards future research. A structured literature review was conducted using 164 relevant published journal articles. Data were from the Scopus database over the last 22 years. The majority of research on AHR
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Task Force on Climate-related Financial Disclosures (TCFD) Implementation: An Overview and Insights from the Australian Accounting Standards Board Dialogue Series Australian Accounting Review (IF 2.68) Pub Date : 2022-10-01 Wai Fong Chua, Ramana James, Adrian King, Eric Lee, Naomi Soderstrom
The article provides an overview of recent developments and the regulatory position on sustainability reporting in Australia. It summarises practical challenges and opportunities pertinent to scenario analysis and disclosures in the Task Force on Climate-Related Financial Disclosures (TCFD) implementation discussed at the March 2022 Australian Accounting Standards Board (AASB) Dialogue Series session
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Reporting and Assurance of Climate-Related and Other Sustainability Information: A Review of Research and Practice Australian Accounting Review (IF 2.68) Pub Date : 2022-09-26 Shan Zhou
This literature review provides a summary of the key insights from recent studies that use an archival method. It covers two subject matters: climate-related information and other sustainability information. For each, the paper reviews and summarises findings on current practices and the determinants and consequences of the reporting and assurance of climate-related and other sustainability information
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Does OCI Presentation for Equity Financial Assets Matter? Australian Accounting Review (IF 2.68) Pub Date : 2022-08-31 Zeting Zang, Humayun Kabir, Tom Scott
One significant change in International Financial Reporting Standard (IFRS) 9 Financial Instruments is how firms’ equity financial assets (EFA) are presented. The default EFA presentation is at fair value through profit or loss (FVTPL); however, IFRS 9 allows irrevocable presentation of fair value through other comprehensive income (FVTOCI). Although FVTOCI is the most common presentation for EFA both
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The Value-relevance of Fair Value Measurement for Inventories Australian Accounting Review (IF 2.68) Pub Date : 2022-08-30 Wessel M Badenhorst, Rieka von Well
The objective of this paper is to determine if fair value measurement for inventories is value-relevant. Inventories are measured at historical cost and investors will have to estimate the fair value for themselves. For a sample of firms listed in the UK and reporting from 2009 to 2018, multivariate regression results show that the historical cost component of inventories on the balance sheet is value-relevant
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Classification of Equity Instruments under IFRS 9: Determinants and Consequences Australian Accounting Review (IF 2.68) Pub Date : 2022-08-16 Inês Pinto, Ana Isabel Morais
One of the main differences between International Financial Reporting Standard (IFRS) 9 Financial Instruments and International Accounting Standard (IAS) 39 Financial Instruments: Recognition and Measurement is the classification and measurement of equity instruments that are financial assets. Under IFRS 9, a firm must measure acquired equity instruments at fair value through profit or loss (FVPL)
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Financial Disclosure Management by Charitable Organisations: A Conceptual and Operational Framework Australian Accounting Review (IF 2.68) Pub Date : 2022-07-29 Dominic Cyr, Suzanne Landry, Anne Fortin
We present a conceptual and operational framework for analysing financial disclosure management by charitable organisations. We paint an overall picture of the issue and apply various theories to explain this management practice. The framework lists the many motivations and contextual factors that impel managers of charitable organisations to manage financial information and explains how they weight
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Financial Literacy and Retirement Spending: A University Student Perspective Australian Accounting Review (IF 2.68) Pub Date : 2022-07-09 Jeremy Richardson, Karen Alpert, Mark Tanner, Jacqueline Birt
Financial provision for retirement consists of two phases, accumulation and decumulation. Young people as an age group have generally been ignored in previous research and there has been little research investigating financial literacy levels of young people and attitudinal aspects of their decision making. As such, this paper examines university students’ views on decumulation. We find that student
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Going Concern Uncertainty: What Do Firms Disclose? Australian Accounting Review (IF 2.68) Pub Date : 2022-07-09 Michael Bradbury, Neil Fargher, Brad Potter, Stephen Taylor
We examine disclosure of going concern uncertainties by Australian companies. We begin by outlining the extant reporting framework applicable from accounting and auditing standards, and compare the approach to this issue taken across several different countries – Australia, New Zealand, the United Kingdom and the United States. We then examine reporting of going concern uncertainties for a selection
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Recent Developments in Sustainability Reporting Australian Accounting Review (IF 2.68) Pub Date : 2022-07-03 Bill Edge
Introduction by Stewart Leech, Kevin Stevenson and Brad Potter The Colin Ferguson Oration is the address given to attendees at the annual Australia Accounting Hall of Fame dinner and presentation evening. It is an invited oration, whereby an eminent modern-day leader addresses the audience on matters at the intersection of business, government and the academe as they relate to the rich history, the
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Accounting as Technical, Social and Moral Practice: The Monetary Valuation of Public Cultural, Heritage and Scientific Collections in Financial Reports Australian Accounting Review (IF 2.68) Pub Date : 2022-04-05 Garry D. Carnegie, Paolo Ferri, Lee D. Parker, Shannon I. L. Sidaway, Eva E. Tsahuridu
The International Public Sector Accounting Standards Board of the International Federation of Accountants issued exposure draft ED78 Property Plant and Equipment in April 2021. It proposes valuing ‘heritage items’ for recognition as ‘heritage assets’ in statements of financial position. This proposed requirement for global application casts the spotlight on a highly controversial topic in regulated
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COVID-19 Disclosures and Market Uncertainty: Evidence from 10-Q Filings Australian Accounting Review (IF 2.68) Pub Date : 2022-03-07 Jie Hao, Viet T. Pham
We examine whether the quarterly filing COVID-19 disclosures reduce uncertainty for investors and analysts. We find a negative relationship between COVID-19 disclosure and return volatility, suggesting COVID-19 disclosure reduces investor uncertainty. This reduction effect concentrates mainly during the short window following 10-Q releases and phases out over time. We then detect that industry-wide
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The Beautiful Game: Fair Value, Accountability and Accounting for Player Registrations Australian Accounting Review (IF 2.68) Pub Date : 2022-03-01 Warren Maroun, Wayne van Zijl, Rottok Chesaina, Robert Garnett
Currently, professional football clubs only recognise purchased player contracts (player registrations) in their financial statements. The costs associated with home-grown players are expensed. Furthermore, acquired player registrations must be held under the historical cost model because revaluations are only permitted when an active market for identical intangible assets is available. This is rare
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An Evaluation of Business Model Disclosures in Integrated Reports Australian Accounting Review (IF 2.68) Pub Date : 2022-02-24 Thomas Gutmayer, Dannielle Cerbone, Warren Maroun
The purpose of this paper is to examine companies’ business model disclosures in their integrated reports and to explore the possible determinants of more detailed business model disclosures. Content analysis is used to identify disclosure themes in the integrated reports of 40 companies listed on the Johannesburg Stock Exchange. Descriptive statistics are generated for each disclosure theme/item and
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Corporate Environmental Performance and Financial Distress: Evidence from Australia Australian Accounting Review (IF 2.68) Pub Date : 2022-02-22 Jing Jia, Zhongtian Li
This study examines the association between corporate environmental performance and financial distress. Using a sample of Australian firms, we find that environmental performance is negatively related to the financial distress probability perceived by the market. In addition, the negative association between environmental performance and the financial distress probability is more pronounced for firms
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Impact of CLERP 9 Reforms: A Longitudinal Analysis Australian Accounting Review (IF 2.68) Pub Date : 2022-02-18 Peter Michael Robinson, Olav Muurlink
Rounds of corporate collapse linked to failure of transparency in reporting frequently result in governance reforms aimed at audit processes. The 2004 CLERP 9 reforms in Australia were intended to improve standards of auditor independence and thereby enhance auditing practice in general. This study longitudinally examines three sources of archival evidence in an Australian context, before and after
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A Recent Survey of GHG Emissions Reporting and Assurance Australian Accounting Review (IF 2.68) Pub Date : 2022-02-12 Judy Ryan, Demi Tiller
This paper describes research undertaken to understand current market practice in relation to greenhouse gas (GHG) emission reporting in New Zealand. Our research sampled 237 large New Zealand entities. The results show that 31% of entities were doing some form of voluntary GHG emission reporting. Of the entities reporting GHG emissions, 73% were reporting some Scope 3 emissions. The majority (51%)
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Accounting for Zoo Animals: It Is a Jungle Out There Australian Accounting Review (IF 2.68) Pub Date : 2022-01-20 Malcolm Abbott, Angela Tan-Kantor
The purpose of this study is to review how the asset measurement of zoo animals is undertaken. Zoo animals are a zoo's greatest asset, and from its stewardship perspective, its balance sheet should reflect the value of the animals. The asset measurement of zoo animals underpins the ability of zoos to account for the animals they hold via their annual financial reporting. At present, there is no definitive
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Accounting and First Nations: A Systematic Literature Review and Directions for Future Research Australian Accounting Review (IF 2.68) Pub Date : 2022-01-19 Ellie Norris, Shawgat Kutubi, Steven Greenland
This paper presents a synthesis of academic research focused on First Nations peoples, contrasting First Nations versus non-Indigenous understandings of accounting and accountability. Key themes and trends in past research are identified across 51 publications spanning four decades, and directions for future research are proposed. The need for more culturally responsive accounting is well established
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The Impact of Lessee and Lessor Accounting in Local Councils Australian Accounting Review (IF 2.68) Pub Date : 2022-01-13 Nafiz Fahad, Tom Scott
This paper examines the impact of capitalising operating leases on the financial ratios for New Zealand councils (local government). It finds that required financial management and leverage ratios significantly worsen, but by an immaterial amount. In contrast, return on assets significantly increases by a material amount. This extends the constructive lease capitalisation literature to public benefit
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Non-GAAP Earnings Disclosure Trends in New Zealand Australian Accounting Review (IF 2.68) Pub Date : 2021-12-30 Mariela Carvajal, David H. Lont, Tom Scott
Non-generally accepted accounting practice (non-GAAP) earnings provoke mixed opinions on their usefulness. We provide evidence over a 15-year period that captures changes to accounting standards, economic conditions and regulatory guidance notes on non-GAAP earnings. First, many firms do not use non-GAAP earnings measures, with its popularity peaking at almost 59% in 2012 compared to below 33% in 2004
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Questioning the Ability of the Discussion Paper Business Combinations under Common Control in Improving Decision Usefulness Australian Accounting Review (IF 2.68) Pub Date : 2021-12-30 Aziz El Barnoussi, Ferdy van Beest
This paper makes a number of observations on the International Accounting Standards Board's Discussion Paper DP/2020/2 Business Combinations under Common Control. We address issues associated with the approach for applying acquisition accounting and discuss the practicality of the proposed criteria. We question the ability of this new DP to contribute to either decision usefulness or comparability
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Accrual Accounting at Different Levels of the Public Sector: A Systematic Literature Review Australian Accounting Review (IF 2.68) Pub Date : 2021-12-09 Zubir Azhar, Ervina Alfan, Krishnen Kishan, Nurul Husna Assanah
This paper has two main objectives. Firstly, it reviews relevant literature on the experiences of different levels of governments worldwide in adopting public sector accrual accounting (PSAA). Secondly, it critically analyses these studies and seeks to identify gaps in the extant literature to provide suggestions for future research. We reviewed and analysed 136 peer-reviewed journal articles on PSAA
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Editorial: Using Academic Journals as a Conversation Australian Accounting Review (IF 2.68) Pub Date : 2021-12-01 Michael Bradbury,Bryan Howieson
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The Effect of Capitalising Operating Leases On Charities Australian Accounting Review (IF 2.68) Pub Date : 2021-11-01 Nafiz Fahad, Tom Scott
This paper examines the effect of capitalising operating leases on the total liabilities to total assets and surplus to total asset ratios for a sample of New Zealand charities. It finds that both ratios have significantly increased post-capitalisation and that expenditures change. This extends the constructive lease capitalisation literature to the not-for-profit sector. This paper also discusses
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Impact of Depreciation Information on Capital Budgeting among Local Governments: A Survey Experiment Australian Accounting Review (IF 2.68) Pub Date : 2021-10-25 Makoto Kuroki
This study investigates the impact of depreciation practices on the internal decision making of local government (LG) budget officers. Prior studies focus on depreciation practices that influence decision making and policy formulation through financial performance indicators. However, such practices are also expected to affect capital asset management. Specifically, the presence of depreciation information
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Business Combinations under Common Control: Further Considerations Australian Accounting Review (IF 2.68) Pub Date : 2021-10-09 Michael E. Bradbury
This paper makes a number of observations on the International Accounting Standards Board's Discussion Paper DP/2020/2 Business Combinations under Common Control. I address issues such as the choice of the controlling party or transferred business book, the principles and objectives of the Discussion Paper, and the relationship with related party disclosures.
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Business Combinations under Common Control: Filling a Gap in IFRS Standards Australian Accounting Review (IF 2.68) Pub Date : 2021-10-09 Ann Tarca
The aim of this paper is to explain the International Accounting Standards Board's (IASB) preliminary views for accounting for business combinations under common control, an issue not currently addressed in International Financial Reporting Standards. Such combinations are widespread and the accounting for them is diverse. The IASB's preliminary views aim to reduce diversity in practice and to improve
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Asbestos Contamination: Governance and Financial Reporting Issues in the Public, Private and Not-for-profit Sectors Australian Accounting Review (IF 2.68) Pub Date : 2021-09-21 Warren McGregor, Brad Potter, Naomi Soderstrom, Kevin Stevenson
We explore implications of asbestos for the measurement and reporting of liabilities, assets and expenses by diverse entities. We argue that entities in both public and private sectors are failing to recognise or appropriately measure liabilities related to asbestos and that the implications of asbestos for assets and expenses in financial statements are rarely reported. While we focus on recognition
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Exploring the Relationship between Target Costing Functionality and Product Innovation: The Role of Information Systems Australian Accounting Review (IF 2.68) Pub Date : 2021-08-25 Odysseas Pavlatos, Hara Kostakis
The role of management control practices in product innovation is a subject that has received great attention in management control literature. This research explores the relationship between target costing (TC) functionality, the quality of information systems (IS) and product innovation. We conducted an empirical study in 108 large industrial enterprises, which have research and development departments
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Towards a Solution to the Variety in Accounting Practices of Extractive Firms under IFRS Australian Accounting Review (IF 2.68) Pub Date : 2021-08-07 Christopher Nobes, Christian Stadler
Accounting for exploration and evaluation (E&E) costs is one of the last major issues to remain largely unregulated by International Financial Reporting Standards (IFRS), even though extractive firms are an important part of several big stock markets. Under a temporary permissive standard (IFRS 6), which has been in place since 2004, firms use a wide range of accounting policies for E&E costs, thus
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Does Corporate Social Responsibility Enhance Financial Performance? Evidence from Australia Australian Accounting Review (IF 2.68) Pub Date : 2021-07-27 Van Ha Nguyen, Frank W. Agbola, Bobae Choi
Despite the heightened interest in corporate social responsibility (CSR) in recent years, the question of whether CSR affects a firm's financial performance remains unresolved. Using a sample of Australian publicly listed firms over the period 2009–2015, we find that CSR enhances financial performance. The positive relationship is more pronounced in mining firms than it is in non-mining firms. However