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1. |
SAG 4 AndTheChallengeToTheMandatoryStatusOfConceptsStatements |
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Australian Accounting Review,
Volume 3,
Issue 5,
1993,
Page 2-10
Malcolm C. Miller,
Janice A. Loftus,
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摘要:
This paper expresses no doubt about the worth of concepts statements such as Statement of Accounting Concepts SAC 4 Definition and Recognition of the Elements of Financial Statements, which spells out the essential characteristics of assets, liabilities, equity, revenues and expenses along with broad criteria for their recognition in financial statements. However, the authors have reservations about giving mandatory status to such a statement. It is, after all, but one piece of a conceptual framework and as the other pieces take shape they may call for alterations in the interpretation and operation of the elements. Without the benefit of the light which might be cast by reference to other concepts statements, SAC 4 in isolation could lead to undebated and questionable consequences, as well as supplying equivocal guidance on many important issues. This paper examines the reasons for unrest about the mandatory status of concepts statements.
ISSN:1035-6908
DOI:10.1111/j.1835-2561.1993.tb00139.x
出版商:Blackwell Publishing Ltd
年代:1993
数据来源: WILEY
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2. |
SAG 4: A SourceOfAccountingChange |
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Australian Accounting Review,
Volume 3,
Issue 5,
1993,
Page 11-19
Bryan Howieson,
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摘要:
Despite its long gestation, the latest release in the Australian Accounting Research Foundation's conceptual framework, Statement of Accounting Concepts 4 Definition and Recognition of the Elements of Financial Statements (SAC 4), is poorly understood by many accountants. The statement specifies definitions for the elements which form the basis of the information in financial reports and sets out the criteria to be used in deciding when these elements should be recognised (reported) in the reports. Statements of accounting concepts do not attract the same direct legal force as AASB accounting standards. Nevertheless, this statement promises significant reforms to financial reporting. Because of its potential to create far‐reaching changes, it is essential that accounting professionals are familiar with its contents and application. This paper describes the structure of SAC 4, comments upon some of its important components and illustrates its operation and key features in the context of one element, “asse
ISSN:1035-6908
DOI:10.1111/j.1835-2561.1993.tb00140.x
出版商:Blackwell Publishing Ltd
年代:1993
数据来源: WILEY
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3. |
Comment: OutOfStep |
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Australian Accounting Review,
Volume 3,
Issue 5,
1993,
Page 19-20
Russell Philp,
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ISSN:1035-6908
DOI:10.1111/j.1835-2561.1993.tb00141.x
出版商:Blackwell Publishing Ltd
年代:1993
数据来源: WILEY
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4. |
ProspectusEarningsForecasts: EvidenceAndExplanations |
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Australian Accounting Review,
Volume 3,
Issue 5,
1993,
Page 21-32
Philip Lee,
Stephen Taylor,
Conrad Yee,
Mervyn Yee,
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PDF (860KB)
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摘要:
Recent changes to prospectus regulations have generated considerable controversy. While the legally enforceable definition of “required information” may be uncertain, it seems clear that earnings forecasts are expected to play an important role. However, we find that the accuracy of these forecasts is questionable, as are many of the explanations offered for differences with the actual results. This calls into question the methods used for estimating future earnings and, ultimately, the usefulness of such forecasts. Laws relating to liability for prospectus information make this an issue of some concern for investors, as well as accountants and other professional advis
ISSN:1035-6908
DOI:10.1111/j.1835-2561.1993.tb00142.x
出版商:Blackwell Publishing Ltd
年代:1993
数据来源: WILEY
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5. |
LiabilityOfAccountantsAndAuditorsUnderTheTradePracticesLegislation |
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Australian Accounting Review,
Volume 3,
Issue 5,
1993,
Page 33-42
David Godsell,
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摘要:
Legal liability is a major issue confronting the accounting profession and numerous papers have discussed aspects of professional negligence at common law. In contrast, however, the consumer protection provisions of the trade practices legislation and their judicial interpretations extend the nature and scope of professional liability well beyond that existing at common law. This paper discusses key aspects of the legislation, the ramifications of which have received little publicity and may be unfamiliar to the majority of accountants and auditors who are potentially at risk.
ISSN:1035-6908
DOI:10.1111/j.1835-2561.1993.tb00143.x
出版商:Blackwell Publishing Ltd
年代:1993
数据来源: WILEY
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6. |
DisclosureOfAuditCommittees byPublicCompanies inAustralia1988–1990 |
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Australian Accounting Review,
Volume 3,
Issue 5,
1993,
Page 43-50
Roger Simnett,
Wendy Green,
Peter Roebuck,
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摘要:
The existence of audit committees in public companies can improve the quality of the financial reporting process, aid the actual and perceived independence of both the internal and external auditors, and improve financial statement users' confidence in the quality of the information. These benefits will be enhanced by disclosure of audit committees in the financial statements. This study examined the incidence and form of the disclosure of audit committees in annual reports by major Australian public companies over the period 1988–1990. The results showed that disclosures by larger companies increased during this time. Rates of disclosure varied considerably depending on the auditor and was positively associated with the size of the organisation. Companies with audit committees are encouraged to consider enhanced methods of disclosure such as those outlined in AUP 31 Communication with an Audit Committe
ISSN:1035-6908
DOI:10.1111/j.1835-2561.1993.tb00144.x
出版商:Blackwell Publishing Ltd
年代:1993
数据来源: WILEY
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7. |
TheStatusOfWomenAcademicAccountants inAustralia |
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Australian Accounting Review,
Volume 3,
Issue 5,
1993,
Page 51-60
Nava Subramaniam,
Cecilia Lambert,
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PDF (630KB)
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摘要:
This paper reports the findings of a survey of the attributes, career satisfactions and aspirations of Australian Academic Women Accountants (AAWA). The survey sought information about personal characteristics, institutional role expectations and perceptions of gender‐related issues involving recruitment, promotion and retention of AAWAs. The data provide not only an interesting insight into respondents' perceptions of a career in academic accounting, but also a comparative measure against which future progress of AAWAs can be evaluated. The paper makes suggestions for facilitating the career paths of AAWAs at both institutional and individual level
ISSN:1035-6908
DOI:10.1111/j.1835-2561.1993.tb00145.x
出版商:Blackwell Publishing Ltd
年代:1993
数据来源: WILEY
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