Recently added articles from Australian Accounting Review:
Accounting for intangibles
Jul 01, 2001; ... EDITORIAL Will irreconcilable views about accounting for intangible assets sound the death-knell for international harmonisation of accounting standards? Or will it reorientate the nature of that harmonisation? Of all issues facing standard-setters globally, the accounting for ...
Internally generated intangible assets: Framing the discussion
Jul 01, 2001; ... Two assertions dominate discussions about the intersection between the new economy and business and financial reporting. First, the economy of 2001 is fundamentally different from the economy of 1950 and before. Second, traditional financial statements do not capture and may not be able to ...
Accounting for identifiable intangibles--an unfinished standard-setting task
Jul 01, 2001; ... FORUM: MEASUREMENT OF INTANGIBLES Years of debate have failed to produce an Australian consensus on accounting for identifiable intangible assets. The AASB in 1999 re-affirmed its view that assets such as brand names, mastheads, licences and trademarks have depreciable amounts that are ...
Capitalisation of intangibles - a review of current practice and the regulatory framework
Jul 01, 2001; ... FORUM: MEASUREMENT OF INTANGIBLES This paper reports on capitalisation practices of Australian managers for a large sample of firms in the 1993-97 period, and on accounting regulatory issues in relation to intangibles during and after this period. The data show diversity in ...
The relevance to firm valuation of capitalising intangible assets in total and by category
Jul 01, 2001; ... FORUM: MEASUREMENT OF INTANGIBLES Debate about the appropriate treatment of intangible assets can benefit from knowledge about the relevance of their financial statement capitalisation to valuation of firms. With rules permitting or requiring intangible asset capitalisation, Australia ...
Options in valuing equity compensation benefits
Jul 01, 2001; ... Arguments over whether to recognise or disclose equity compensation benefits (ECBs) have been so intense that the importance of the choice of measurement date has tended to be overlooked. To provide adequate coverage, an accounting standard needs not only to prescribe when ECBs are to be valued ...
Management perceptions of fair-value accounting for all financial instruments
Jul 01, 2001; ... Accounting for all financial instruments at fair value is a controversial issue currently under review by standard-setters. Banking industry associations have typically opposed the use of fair-value accounting for financial instruments. This study examines perceptions of managers at financial ...
Public-sector accounting: A common reporting framework?
Mar 01, 2001; ... Those debating the issue of publicsector accounting typically fall into two camps: one camp argues that there should be no distinction between the public sector and the business sector; the other argues that some business-sector practices are inappropriate for the public sector This paper ...
Residual income: A review essay
Mar 01, 2001; ... Over the past decade, residual income has attracted considerable attention in the academic and professional literature. During this time, many leading businesses have adopted proprietary variants of residual income as a measure of their corporate success. This essay analyses the utility of ...
Corporate reporting and urgent issues group abstracts: The impact of UIG 4 on the Australian extractive industries
Mar 01, 2001; ... The Urgent Issues Group (UIG) was established in 1994 to overcome the inability of Australian standard-- setters to deal promptly with significant reporting issues. One of its first issues was accounting for restoration obligations, with the subsequent issue in August 1995 of UIG ...
Internal reporting of derivatives: Some Australian evidence
Mar 01, 2001; ... This paper provides evidence on the internal reporting of derivatives by Australian non-banking companies. The key findings, based on a survey of the top 100 Australian companies, are: (i) most companies have well established policies and procedures to deal with derivatives; (ii) for most ...
The progression from voluntary to mandatory derivative instrument disclosures - looks who's talking
Mar 01, 2001; ... The growth of derivative markets over the past decade suggests that many entities are using these instruments. The transparency of firms' exposures and their accounting treatment have become critical issues, particularly given the media attention to derivative-related losses by some high-profile ...
AASB 1037 sows the seeds of change: A survey of SGARA measurement methods
Mar 01, 2001; ... International developments are set to reignite the controversy over how self-- generating and regenerating assets (SGARAs) are measured. The International Accounting Standards Committee is working on an international accounting standard on agriculture due to be effective some time after 1 ...
Pension accounting: How large Australian companies are 'paying up' for superannuation
Mar 01, 2001; ... In Australia accounting requirements for companies to report on superannuation fund costs substantially lag those overseas and are unsettled. Superannuation commitments for defined-benefit funds are required to be disclosed by sponsoring employers, although corporations are not required to ...
Calculating the economic value of customers to an organisation
Mar 01, 2001; ... Three case studies from Australasian service organisations explore the economic value of customers to an organisation (EVCO). Customer lifetime valuation, a form of discounted cash flow analysis, was used in two of these organisations. Customer profitability analysis, a form of activity-based ...
Forum on enterprise resource planning systems
Nov 01, 2000; ... Enterprise resource planning (ERP) systems have been promoted as a major software breakthrough for organisations and how they can efficiently and effectively support their ways of doing business. In this regard, the main innovation brought by ERP systems has been argued to be their impacts on ...
The impacts of enterprise resource planning systems on accounting practice--the Australian experience
Nov 01, 2000; ... This paper reports on the enterprise resource planning (ERP) systems experiences of Australian companies. It examines the degree of information system integration and associated benefits that respondent companies believe they have achieved, and the impact of ERP systems on the adoption of new ...
Using reference models within the enterprise resource planning lifecycle
Nov 01, 2000; ... ERP-specific reference models describe on a conceptual level the structure and functionality of enterprise resource planning solutions. However, these models focus on depicting executable processes and do not take into account tasks related to business engineering, system selection, ...
Auditing SAP R/3--control risk assessment
Nov 01, 2000; ... This paper provides an introduction to auditing in an SAP R/3 environment, focusing primarily on the assessment of control risk. A number of distinguishing characteristics of the SAP R/3 system that affect the audit are described. The application of a standard internal control framework to the ...
Environmental costing: A path to implementation
Nov 01, 2000; ... Environmental strategies and their related costs have received little formal attention from Australian accountants. Yet, internationally as well as in Australia, green strategies and their related costs are now being recognised by a range of corporations. In this paper, international corporate ...