dc.contributor.author | Cameron, Robyn-Ann | |
dc.contributor.author | Percy, Majella | |
dc.contributor.author | Stevenson-Clarke, Peta | |
dc.date.accessioned | 2017-05-03T12:23:42Z | |
dc.date.available | 2017-05-03T12:23:42Z | |
dc.date.issued | 2012 | |
dc.date.modified | 2013-06-05T02:09:03Z | |
dc.identifier.issn | 03135934 | |
dc.identifier.uri | http://hdl.handle.net/10072/46938 | |
dc.description.abstract | Large companies' frequent focus on non-GAAP financial measures ('pro forma' earnings), rather than statutory net profit or GAAP measures, raises concerns about the potential for misinformed financial decision-making. Despite recommendations by ASIC and Finsia, in Australia there is no consistency in the calculation of non-GAAP financial measures or in their reconciliation to statutory net profit. Our study of the disclosures and the reconciliation to GAAP earnings by the largest 50 Australian listed non-mining companies finds considerable variations in reporting practices from highly transparent reconciliations to what appears to be considerable secrecy. | |
dc.description.peerreviewed | Yes | |
dc.description.publicationstatus | Yes | |
dc.format.extent | 1089325 bytes | |
dc.format.mimetype | application/pdf | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Financial Services Institute of Australasia (Finsia) | |
dc.publisher.place | Australia | |
dc.publisher.uri | https://www.finsia.com/news-hub/ajaf | |
dc.relation.ispartofstudentpublication | N | |
dc.relation.ispartofpagefrom | 13 | |
dc.relation.ispartofpageto | 19 | |
dc.relation.ispartofissue | 1 | |
dc.relation.ispartofjournal | JASSA | |
dc.relation.ispartofvolume | 2012 | |
dc.rights.retention | Y | |
dc.subject.fieldofresearch | Accounting Theory and Standards | |
dc.subject.fieldofresearch | Accounting, Auditing and Accountability | |
dc.subject.fieldofresearch | Banking, Finance and Investment | |
dc.subject.fieldofresearch | Law | |
dc.subject.fieldofresearchcode | 150101 | |
dc.subject.fieldofresearchcode | 1501 | |
dc.subject.fieldofresearchcode | 1502 | |
dc.subject.fieldofresearchcode | 1801 | |
dc.title | Do Large Australian Companies Emphasise Non-GAAP Financial Measures over Statutory Net Profit (GAAP) in Annual Reports? | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
gro.faculty | Griffith Business School, Department of Accounting, Finance and Economics | |
gro.rights.copyright | © 2012 JASSA and the Authors. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version. | |
gro.date.issued | 2012 | |
gro.hasfulltext | Full Text | |
gro.griffith.author | Percy, Majella | |
gro.griffith.author | Cameron, Robyn | |