The Development of the Australian Accounting Standards After the End of the G4+1 PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Development of the Australian Accounting Standards After the End of the G4+1 PDF full book. Access full book title The Development of the Australian Accounting Standards After the End of the G4+1 by Stefan Greite. Download full books in PDF and EPUB format.
Author: Stefan Greite
Publisher: GRIN Verlag
ISBN: 3638651894
Category : Business & Economics
Languages : en
Pages : 60
Get Book Here
Book Description
Seminar paper from the year 2003 in the subject Business economics - Accounting and Taxes, grade: 2,0 (B), Helmut Schmidt University - University of the Federal Armed Forces Hamburg (Institute for Corporate Accounting), course: Controlling, 27 entries in the bibliography, language: English, abstract: The topic of the paper is the "The development of the accounting standards of the Australian Accounting Standard Board after the end of the G4+1." I want to summarise the recent standardisation progress both international and in the view of Australia, and have a closer look on the Australian accounting environment. What was the G4+1, and why did it disband? What was the Australian reaction on the End of the G4+1. What will the future of international and Australian accounting look like? I have chosen the topic because I am currently staying at the Australian Defence Force Academy and studying at the University of New South Wales. Australia has been one of the major standard setters in the world and has had a deal of influence on international accounting standards, although it is a relatively small economy in the world. Hardly a day passes without problems of financial reporting appearing in the international press. Recent events like the scandals of Enron, Worldcom, and Xerox show the need for reasonable accounting. International accounting is an actual problem to be solved and a future chance for all kinds of businesses. After the introduction I will first present the accounting environment of Australia and its institutions. Then I will discuss the development of international accounting and the G4+1 group and its dissolution. I will have a look on the "Harmonisation Project" and what happens in Australia after the end of the G4+1. At the end I will illustrate the relation between IAS and AAS, and give a conclusion. For my work I used several recent books on Australian financial accounting that are used by institutions across Australia, various Journals on accounting
Author: Stefan Greite
Publisher: GRIN Verlag
ISBN: 3638651894
Category : Business & Economics
Languages : en
Pages : 60
Get Book Here
Book Description
Seminar paper from the year 2003 in the subject Business economics - Accounting and Taxes, grade: 2,0 (B), Helmut Schmidt University - University of the Federal Armed Forces Hamburg (Institute for Corporate Accounting), course: Controlling, 27 entries in the bibliography, language: English, abstract: The topic of the paper is the "The development of the accounting standards of the Australian Accounting Standard Board after the end of the G4+1." I want to summarise the recent standardisation progress both international and in the view of Australia, and have a closer look on the Australian accounting environment. What was the G4+1, and why did it disband? What was the Australian reaction on the End of the G4+1. What will the future of international and Australian accounting look like? I have chosen the topic because I am currently staying at the Australian Defence Force Academy and studying at the University of New South Wales. Australia has been one of the major standard setters in the world and has had a deal of influence on international accounting standards, although it is a relatively small economy in the world. Hardly a day passes without problems of financial reporting appearing in the international press. Recent events like the scandals of Enron, Worldcom, and Xerox show the need for reasonable accounting. International accounting is an actual problem to be solved and a future chance for all kinds of businesses. After the introduction I will first present the accounting environment of Australia and its institutions. Then I will discuss the development of international accounting and the G4+1 group and its dissolution. I will have a look on the "Harmonisation Project" and what happens in Australia after the end of the G4+1. At the end I will illustrate the relation between IAS and AAS, and give a conclusion. For my work I used several recent books on Australian financial accounting that are used by institutions across Australia, various Journals on accounting
Author: Ruth Picker
Publisher: Wiley
ISBN: 9780470818268
Category : Business & Economics
Languages : en
Pages : 1310
Get Book Here
Book Description
Australian Accounting Standards has been thoroughly updated in the second edition to reflect the Australian equivalents of the International Financial Reporting Standards. Since the early adoption of IFRS in 2005, Australia has kept pace with international standard setters to ensure that Australian accounting standards align and harmonise with IFRS. The continuing focus of the second edition is on the interpretation, analysis, illustration and application of the scope and purpose of various Australian accounting standards. Each chapter contains numerous illustrative examples to ensure that the student gains a deep understanding of all the reporting requirements under the respective accounting standard to meet the expectations of the profession. The coverage of accounting standards has been expanded in the new edition with the inclusion of new chapters on AASB 6 Exploration for and Evaluation of Mineral Resources, AASB 118 Revenue, AASB 119 Employee benefits and AASB 141 Agriculture. This textbook has been written for intermediate and advance courses on financial accounting at both undergraduate and postgraduate level.
Author: Asheq Rahman
Publisher: Routledge
ISBN: 131796277X
Category : Business & Economics
Languages : en
Pages : 567
Get Book Here
Book Description
This study provides a neutral and comprehensive explanation about the activities which precede the formulation of accounting regulatory policies. The knowledge gained from it can be applied to understand the formulation of regulatory policies in other areas and to predict or explain the behaviour of interest groups in the preparation of accounting standards and regulations.
Author:
Publisher:
ISBN: 9781876884000
Category : Employee stock options
Languages : en
Pages : 96
Get Book Here
Book Description
Author: Janice Loftus
Publisher:
ISBN: 9780730302070
Category : Accounting
Languages : en
Pages : 1104
Get Book Here
Book Description
Understanding Australian Accounting Standards reflects the reporting and disclosure requirements under a number of Australian Accounting Standards, providing detailed illustration on how publicly listed companies report in accordance with Australian Accounting Standards. This textbook offers students a comprehensive and well written introduction to the scope and financial reporting disclosures of Australian accounting standards issued by the Australian Accounting Standards Board. The text incorporates extracts from the 2011 annual report of Billabong International, as well as media articles profiling its recent corporate events, in all chapters to illustrate how a corporate entity measures, recognises, reports and discloses financial information required under Australian accounting standards. The integration of the Billabong International annual report will enable students to look beyond the numbers to develop interpretative and critical evaluation skills of accounting information. The integration of the Billabong 2011 annual report, with its disclosure notes, will provide students with a deep understanding of the financial reporting and business activity associated with the financial performance of a well-known company.
Author: Australian Accounting Standards Board
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 17
Get Book Here
Book Description
Author: Janice & Leo Loftus (Ken & Picker, Ruth Et Al)
Publisher:
ISBN: 9781118384077
Category : Accounting
Languages : en
Pages : 1104
Get Book Here
Book Description
This text reflects the reporting and disclosure requirements under a number of Australian Accounting Standards, providing detailed illustration on how publicly listed companies report in accordance with Australian Accounting Standards. This textbook offers students a comprehensive and well written introduction to the scope and financial reporting disclosures of Australian accounting standards issued by the Australian Accounting Standards Board. The text incorporates extracts from the 2011 annual report of Billabong International, as well as media articles profiling its recent corporate events, in all chapters to illustrate how a corporate entity measures, recognises, reports and discloses financial information required under Australian accounting standards. The integration of the Billabong International annual report will enable students to look beyond the numbers to develop interpretative and critical evaluation skills of accounting information. The integration of the Billabong 2011 annual report, with its disclosure notes, will provide students with a deep understanding of the financial reporting and business activity associated with the financial performance of a well-known company.
Author: Australian Accounting Standards Board
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 19
Get Book Here
Book Description
Author: Australian Accounting Standards Board
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 82
Get Book Here
Book Description
Author: Folototo Seve
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
This study examines the impact of amendments to Australian accounting standards governing the classification and reporting of non-recurring components of earnings on firms' classification shifting practices, and on the propensity to engage in other earnings management such as accrual-based and real earnings manipulation to improve core earnings. The study investigates the impact of three regulatory changes which have the potential to affect firms' earnings management behaviour and thus the quality of earnings. I first investigate whether the amendments to the standard AASB 1018 Profit and Loss Accounts, effective for financial periods ending on or after 30 June 2002 and which restricted the scope for reporting and classifying abnormal items on the income statement, reduced the incidence of classification shifting. I then investigate whether the implementation of AASB 101 Presentation of Financial Statements, effective for financial periods starting on or after 1 January 2005 (upon IFRS adoption), and which relaxed prior restrictions on classifying and reporting non-recurring items, induced greater classification shifting. I also examine whether AASB 5 Noncurrent Assets Held for Sale and Discontinued Operations (effective at the same time as AASB 101), which increased the scope for classifying and reporting discontinued operations on the income statement, resulted in firms opportunistically misclassifying these items to increase core earnings. I then investigate the impact of each of the three regulatory reforms on firms' use of alternative earnings manipulation methods, because there is evidence that a change in regulatory regime could impact firms' alternative earnings management behaviour. For example, Cohen, Dey and Lys (2008) document an increase in the use of real earnings management to improve earnings following the reduction in accrual-based earnings management as a result of the Sarbanes-Oxley Act 2002. Therefore, there is potential for firms to substitute earnings management methods as a result of the changes to the scope for classification shifting. I expect that the restriction on classification shifting provided by AASB 1018 in 2002 may give rise to greater accrual-based and/or real earnings management by firms, whilst the greater scope for classification shifting provided by the later reforms may result in the reduction in use of accrual-based and/or real earnings management. To examine the first three research questions, I develop models of classification shifting from McVay (2006) and Barua, Lin and Sbaraglia (2010). I then use difference in differences designs to investigate the extent of firms' classification shifting in the post-reform periods relative to the pre-reform periods. I also use a difference in differences design and develop models to test the impact of the regulations on firms' alternative earnings management behaviour. My results show that there is no evidence of classification shifting following the 2002 amendment while there is indirect evidence of firms engaging in classification shifting using abnormal items, and strong evidence of classification shifting using discontinued operations following the 2005 amendments. However, tests of the impact of the reforms on alternative earnings management behaviour show that the restriction on classification shifting by the 2002 reform resulted in greater accrual-based manipulation to increase core earnings, while there is no such evidence of real earnings manipulation. There is evidence of a reduction in accrual-based manipulation and sales manipulation following the increased scope for classification shifting (post-2005) but there is no such evidence of real earnings management via discretionary expenditure reduction.
