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dc.contributor.authorCameron, Robyn-Ann
dc.contributor.authorPercy, Majella
dc.contributor.authorStevenson-Clarke, Peta
dc.date.accessioned2017-05-03T12:23:42Z
dc.date.available2017-05-03T12:23:42Z
dc.date.issued2012
dc.date.modified2013-06-05T02:09:03Z
dc.identifier.issn03135934
dc.identifier.urihttp://hdl.handle.net/10072/46938
dc.description.abstractLarge 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.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent1089325 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherFinancial Services Institute of Australasia (Finsia)
dc.publisher.placeAustralia
dc.publisher.urihttps://www.finsia.com/news-hub/ajaf
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom13
dc.relation.ispartofpageto19
dc.relation.ispartofissue1
dc.relation.ispartofjournalJASSA
dc.relation.ispartofvolume2012
dc.rights.retentionY
dc.subject.fieldofresearchAccounting Theory and Standards
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchLaw
dc.subject.fieldofresearchcode150101
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1502
dc.subject.fieldofresearchcode1801
dc.titleDo Large Australian Companies Emphasise Non-GAAP Financial Measures over Statutory Net Profit (GAAP) in Annual Reports?
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith 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.issued2012
gro.hasfulltextFull Text
gro.griffith.authorPercy, Majella
gro.griffith.authorCameron, Robyn


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