ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00222.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Abstract:This paper examines the price effects of an announcement to distribute cash to shareholders via the return of capital procedure currently applying under Australian company law. The impact of such announcements on the market value of ordinary shares is analysed in terms of three hypothesised effects: the cash flow effect, the wealth transfer effect and the information signalling effect. Using data from 17 companies which announced a return of capital between 1970–1978, and applying the “comparison period” methodology, significant positive returns were observed at the time of the announcement of a return of capital. Possible explanations for this result are consi

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00223.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Abstract:Knowledge of the practices of auditors in examining directors' reports of their Australian client corporations should provide useful insights for users of directors' reports, legislators and the professional accounting bodies.

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00224.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Abstract:The three models advanced by G. T. Allison inEssence of Decisionare applied to FASB's Statement of Financial Accounting Standards No. 19 to explain the adoption of the “successful‐efforts” method. In the first model, the decision is explained as the action that reflects a consistent, value maximizing choice within specific constraints. In the second, it is interpreted as the “output” of the FASB regulated by standard procedures, namely in recognizing an asset. In the third, it is viewed as a political resultant in a struggle involving interest groups. The analysis revealed the usefulness and some weaknesses of the Allison Approach to an understanding of the standard setting decision by the FASB. The approach is applicable world‐wide to other standard settin

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00225.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Abstract:A major shortcoming of the funds statement prepared under a resources concept is that the meaning of the term “resources” is unclear. A transaction test is usually adopted to identify entries involving funds, but it is apparent from published reports and from the Australian profession's recent exposure draft that substantial confusion remains. One response has been to reject the broader concepts in favour of narrower definitions such as cash or working capital. In this article, however, it is argued that an all resources funds statement, properly defined, has an important contribution to make. A “two entity” test is proposed which is claimed to be tighter and closer to the spirit of the original resources concept than the present transacti

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00226.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Abstract:The misconception that cumulative income over several periods is an accurate number is discussed and explained in terms of the “single‐asset” example that often characterizes accounting method

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00227.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Abstract:The relative accuracy of cumulative accounting income increases with the length of the interval over which it is accumulated.

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00228.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Book reviewed in this article:Abacus“Special Issue Marking the Retirement of Raymond J. Chambers”W. W. Cooper and Yuji Ijiri (eds.),Kohler's Dictionary for AccountantsB. To Colditz and R. W. Gibbins,Australian AccountingRonald Ma and R. H. Parker,Consolidation Accounting in Australia — Concepts and PracticeP. Latimer,Australian Business LawR. G. Bird, M. G. McDonald, A. J. McHugh,Management Accounting: Processing, Evaluating and Using Cost DataMichael J. Harding and Barry J. Cooper,Readings and Case Studies in AuditingD. J. Hardman, (ed.),Government Accounting and BudgetingJ. W. H. Trueman (ed.),Cases in Financial Management and PolicyGraham Hubbard,Accounting and Reporting for Superannuation PlansDiana R. Harrington,Modern Portfolio Theory and the Capital Asset Pricing Model: A Users GuideN. G. Maloy,Local Government Finance and AccountsCyril H. P. Brookes, P. J. Grouse, D. R. Jeffery, M. J. Lawrence,Information Systems DesignFatseas, V. A. and Vagg, T. R.,Quantitative Techniques for Managerial Decision MakingJuttner, D. Johannes (ed.),Interest Rates: Papers and Proceedings of a Sym

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00229.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00230.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1983.tb00231.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY