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Issue Information ‐ TOC

Issue Information ‐ TOC CONTENTS Issue 1, Volume 26, No. 76, March 2016 EDITORIAL Tyrone M. Carlin THE RECOGNITION OF GOODWILL AND OTHER INTANGIBLE ASSETS IN BUSINESS COMBINATIONS – THE PORTUGUESE CASE This paper discusses the inadequate application in Portugal of IFRS 3, which relates to the recognition and disclosure of goodwill and other intangible assets in business combinations. Whereas goodwill is recognised for significant amounts, conversely the value of identifiable intangible assets is very low. Compliance with related disclosures is also low. Carla Carvalho, Ana Maria Rodrigues and Carlos Ferreira BUSINESS CONTINUITY IN THE FACE OF FRAUD AND ORGANISATIONAL CHANGE We examine business continuity in the context of fraud and accounting for an organisation as a going concern. We extend the discussion on Type 1 and Type 2 going concern errors and provide evidence of a possible Type 3 going concern error. The findings of our study indicate that even in the face of the fraud dynamic, adaptive organisations can achieve business continuity. Julie Margret and Zahirul Hoque TO WHAT EXTENT DO UNITED KINGDOM COMPANIES PROVIDE OIL AND GAS RESERVES INFORMATION SUFFICIENT TO SATISFY STATEMENT OF RECOMMENDED PRACTICE REQUIREMENTS? The paper examines the extent to which United Kingdom oil and gas companies disclose reserves information in line with the statement of recommended practice. Results show varying degrees of disclosure among oil and gas firms, which could be traced to the discretionary disclosure regime in place. Cosmas Odo, Wilson Ani, Philip Obialor and David Ugwunta AN INVESTIGATION INTO THE POTENTIAL ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN THE UNITED STATES: IMPLICATIONS AND IMPLEMENTATION Investigating the implications of a potential full adoption of IFRS by the United States, the study details the challenges and benefits of adoption and outlines the steps required for a successful outcome. Aldys Tan, Bikram Chatterjee, Victoria Wise and Mahmud Hossain THE INFLUENCE OF REMUNERATION STRUCTURES ON FINANCIAL REPORTING QUALITY: EVIDENCE FROM AUSTRALIA This cross-sectional study investigates the influence of a company’s remuneration structure on managers’ opportunistic behaviour. The findings support the proposed hypothesis that a higher level of compliance with Remuneration Principle 8 – ASX Corporate Governance Council) is associated with a lower level of earnings management. The findings support the efficient functioning of the ASX-proposed remuneration structure. Maryam Safari, Barry J. Cooper and Steven Dellaportas OVERLAPPING MEMBERSHIP ON AUDIT AND COMPENSATION COMMITTEES AND FINANCIAL REPORTING QUALITY This paper examines whether the audit committee members of a board improve financial reporting quality if they are also on their organisation’s compensation committee. This study is motivated by the interrelationships among executive compensation, risk-taking and financial reporting quality. We find that firms with overlapping committees have better quality financial reporting than those without such overlap but only if directors with overlapping membership do not own equity. Ahsan Habib and Md. Borhan Uddin Bhuiyan CONTINGENT FACTORS, EXTENT OF BUDGET USE AND PERFORMANCE: A STRUCTURAL EQUATION APPROACH The present study investigates the contextual factors that impact the extent of budget use and performance based on contingency theory. It is revealed that the extent of budget use and performance are affected significantly by contextual factors. Furthermore, there is a mediating role of budget use between contextual factors and performance. Ali Uyar and Cemil Kuzey EVIDENCE OF AVOIDING WORKING CAPITAL DEFICITS IN AUSTRALIA This study documents evidence of managerial interventions to avoid working capital deficits. We find a significant discontinuity in the distribution of current ratios at 1.0. Firms without debt or paying dividends are more likely to engage in management interventions. To avoid working capital deficits, they tend to undertake actions to overstate accounts receivable. Wei Jiang, Meiting Lu, Yaowen Shan and Tingting Zhu http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Australian Accounting Review Wiley

Issue Information ‐ TOC

Australian Accounting Review , Volume 26 (1) – Mar 1, 2016
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Publisher
Wiley
Copyright
Copyright © 2016 CPA Australia Ltd (CPA Australia)
ISSN
1035-6908
eISSN
1835-2561
DOI
10.1111/auar.12116
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Abstract

CONTENTS Issue 1, Volume 26, No. 76, March 2016 EDITORIAL Tyrone M. Carlin THE RECOGNITION OF GOODWILL AND OTHER INTANGIBLE ASSETS IN BUSINESS COMBINATIONS – THE PORTUGUESE CASE This paper discusses the inadequate application in Portugal of IFRS 3, which relates to the recognition and disclosure of goodwill and other intangible assets in business combinations. Whereas goodwill is recognised for significant amounts, conversely the value of identifiable intangible assets is very low. Compliance with related disclosures is also low. Carla Carvalho, Ana Maria Rodrigues and Carlos Ferreira BUSINESS CONTINUITY IN THE FACE OF FRAUD AND ORGANISATIONAL CHANGE We examine business continuity in the context of fraud and accounting for an organisation as a going concern. We extend the discussion on Type 1 and Type 2 going concern errors and provide evidence of a possible Type 3 going concern error. The findings of our study indicate that even in the face of the fraud dynamic, adaptive organisations can achieve business continuity. Julie Margret and Zahirul Hoque TO WHAT EXTENT DO UNITED KINGDOM COMPANIES PROVIDE OIL AND GAS RESERVES INFORMATION SUFFICIENT TO SATISFY STATEMENT OF RECOMMENDED PRACTICE REQUIREMENTS? The paper examines the extent to which United Kingdom oil and gas companies disclose reserves information in line with the statement of recommended practice. Results show varying degrees of disclosure among oil and gas firms, which could be traced to the discretionary disclosure regime in place. Cosmas Odo, Wilson Ani, Philip Obialor and David Ugwunta AN INVESTIGATION INTO THE POTENTIAL ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN THE UNITED STATES: IMPLICATIONS AND IMPLEMENTATION Investigating the implications of a potential full adoption of IFRS by the United States, the study details the challenges and benefits of adoption and outlines the steps required for a successful outcome. Aldys Tan, Bikram Chatterjee, Victoria Wise and Mahmud Hossain THE INFLUENCE OF REMUNERATION STRUCTURES ON FINANCIAL REPORTING QUALITY: EVIDENCE FROM AUSTRALIA This cross-sectional study investigates the influence of a company’s remuneration structure on managers’ opportunistic behaviour. The findings support the proposed hypothesis that a higher level of compliance with Remuneration Principle 8 – ASX Corporate Governance Council) is associated with a lower level of earnings management. The findings support the efficient functioning of the ASX-proposed remuneration structure. Maryam Safari, Barry J. Cooper and Steven Dellaportas OVERLAPPING MEMBERSHIP ON AUDIT AND COMPENSATION COMMITTEES AND FINANCIAL REPORTING QUALITY This paper examines whether the audit committee members of a board improve financial reporting quality if they are also on their organisation’s compensation committee. This study is motivated by the interrelationships among executive compensation, risk-taking and financial reporting quality. We find that firms with overlapping committees have better quality financial reporting than those without such overlap but only if directors with overlapping membership do not own equity. Ahsan Habib and Md. Borhan Uddin Bhuiyan CONTINGENT FACTORS, EXTENT OF BUDGET USE AND PERFORMANCE: A STRUCTURAL EQUATION APPROACH The present study investigates the contextual factors that impact the extent of budget use and performance based on contingency theory. It is revealed that the extent of budget use and performance are affected significantly by contextual factors. Furthermore, there is a mediating role of budget use between contextual factors and performance. Ali Uyar and Cemil Kuzey EVIDENCE OF AVOIDING WORKING CAPITAL DEFICITS IN AUSTRALIA This study documents evidence of managerial interventions to avoid working capital deficits. We find a significant discontinuity in the distribution of current ratios at 1.0. Firms without debt or paying dividends are more likely to engage in management interventions. To avoid working capital deficits, they tend to undertake actions to overstate accounts receivable. Wei Jiang, Meiting Lu, Yaowen Shan and Tingting Zhu

Journal

Australian Accounting Review – Wiley

Published: Mar 1, 2016

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