Essays Tagged: "Australian Accounting Standards Board"

Political, Economic & Social effects of Accounting Standard Setters.

but possibly not entirely well informed.These reports are regulated by the standards set out by the Australian Accounting Standards Board (AASB), Australian Securities and Investments Commission (ASIC ... niversal agreement about the desirability of Accounting Standards (Solomons, D., 1983, vol 13). The Australian Accounting Board have as their primary objective, improving the quality of financial repo ...

(9 pages) 650 6 3.5 May/2002

Subjects: Businesss Research Papers > Accounting

Trilogy Standards

it looks at the response to the changes and is supported by evidence resulting from a study of the Australian Securities and Investment Commission (ASIC) and Ernst and Young (E&Y). The relevance ... dards made it more difficult to compare the performance of companies within an industry sector. The Australian Securities and Investment Commission (ASIC) reviewed 80 companies accounts and found that ...

(10 pages) 267 1 4.1 Dec/2002

Subjects: Businesss Research Papers > Case Studies

How can the corporations law in australia be changed to prevent another HIH collapse?

mote good corporate governance will be ensured without placing the business under excessive burdens.Australian Corporate GovernanceAustralia's corporate governance framework consists of legislation, a ... om the Royal Commission, however found to not have caused or contributed to HIH's collapse, was the Australian Prudential Regulatory Authority. APRA's role, is as the prudential regulator of banks, in ...

(13 pages) 251 0 5.0 May/2004

Subjects: Law & Government Essays > Law

Positive Accounting Theory

to "win over" customers by showing their concerns for the community. This is an example of Positive Accounting Theory (PAT) - a theory which attempts to explain and predict how groups in an organisati ... possible that community concerns about profits made by the banks might motivate the banks to adopt accounting policies that reduce their reported profits. The political cost hypothesis of PAT states ...

(4 pages) 122 1 3.7 Nov/2006

Subjects: Businesss Research Papers > Accounting

AASB framework on revelance

based on the substance over form rule. However, due to the need of estimation and judgement of some accounting issues such as revaluation and depreciation, the reliability of information cannot be pre ... f AASB framework. These estimations need to satisfy the qualitative characteristics and appropriate accounting standards of financial report. They need to reflect the true and fair information for use ...

(3 pages) 2 0 0.0 Oct/2014

Subjects: Businesss Research Papers > Accounting