Relevant bibliographies by topics / Financial instruments Australia Accounting

Academic literature on the topic 'Financial instruments Australia Accounting'

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Published: 10 December 2022

Last updated: 29 January 2023

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Journal articles on the topic "Financial instruments Australia Accounting"

Thai, Kevin Huu Phat, and Jacqueline Birt. "Do Risk Disclosures Relating to the Use of Financial Instruments Matter? Evidence from the Australian Metals and Mining Sector." International Journal of Accounting 54, no. 04 (December 2019): 1950017. http://dx.doi.org/10.1142/s1094406019500173.

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This paper investigates the value relevance of risk disclosures relating to the use of financial instruments in the Australian metals and mining sector. The metals and mining sector is the largest sector in Australia by the number of companies and includes several of the world’s largest diversified resource producers. Using a manually constructed disclosure index based on AASB 7 Financial Instruments: Disclosures, we find that financial instrument-related risk disclosures provide useful information to equity investors. In terms of individual risk category, liquidity risk is shown to be the most informative risk disclosure. We contribute to a stream of the literature examining the informativeness of risk disclosures. The results of this study have implications for several stakeholders regarding the quality assessment of risk reporting. In addition, the findings are of interest to standard setters since further regulatory changes are under consideration to improve the presentation and disclosure of financial instruments.

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TAN, CHYIWOAN, PHIL HANCOCK, ROSS TAPLIN, and GREG TOWER. "Fair Value Accounting for All Financial Instruments: Perceptions from Managers of Australian Financial Institutions." Australian Accounting Review 15, no. 36 (July 2005): 79–88. http://dx.doi.org/10.1111/j.1835-2561.2005.tb00295.x.

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Berkman, Henk, Michael E. Bradbury, Phil Hancock, and Clare Innes. "Derivative financial instrument use in Australia." Accounting and Finance 42, no. 2 (June 2002): 97–109. http://dx.doi.org/10.1111/1467-629x.00069.

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Hassan, Mohamat Sabri, Majella Percy, and Jenny Goodwin-Stewart. "The transparency of derivative disclosures by Australian firms in the extractive industries." Corporate Ownership and Control 4, no. 2 (2007): 257–70. http://dx.doi.org/10.22495/cocv4i2c2p2.

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This paper investigates the transparency of derivative disclosures of Australian firms in the extractive industries using 1998 to 2001 financial reports. The quality of financial reporting has become a major corporate governance issue since the collapse of prominent companies such as Enron in the United States, HIH Insurance in Australia, and, of particular relevance here, Barings PLC in the United Kingdom, where the losses were caused by derivative instruments. Disclosure transparency is an important component of the quality of financial reporting. We measure transparency based on a disclosure index developed from AASB 1033 Presentation and Disclosure of Financial Instruments. We examine the relationship between transparency and firm characteristics represented by size, performance, growth opportunities, auditor and type of extractive firm. The results indicate that the transparency of derivative disclosures among firms in the extractive industries has increased over the period. However, there is still evidence of non-compliance with the disclosure requirements, especially in relation to net fair value. We find that firm size, price-earnings ratio and debt-to-equity ratio, and to a lesser extent, market-to-book ratio and profitability are associated with disclosure transparency.

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Bärsch, Sven-Eric. "The Definitions of Dividends and Interest Contained in the OECD Model, Actual Tax Treaties, and the German Model." Intertax 42, Issue 6/7 (June 1, 2014): 433–44. http://dx.doi.org/10.54648/taxi2014042.

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Tax treaties distinguish between dividends and interest, and entitle recipients of this remuneration derived from financial instruments to different treaty benefits in the source country in particular. Hence, the definitions of dividends and interest for tax treaty purposes are decisive. This article presents and compares these definitions contained in the OECD Model and the tax treaties agreed by Australia, Brazil, Germany, Italy, and the Netherlands. It offers an analysis of the definitions of dividends and interest outlined in the German Model and reveals that legal certainty is not fully achieved. Moreover, the German Model does not comprehensively prevent the effect of hybrid mismatch arrangements.

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Darus, Faizah, and Dennis Taylor. "Influences of proprietary and political costs on voluntary disclosure relating to financial instruments before and after mandatory requirements." Corporate Ownership and Control 6, no. 4 (2009): 391–406. http://dx.doi.org/10.22495/cocv6i4c3p5.

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The study examines whether the introduction of an accounting standard relating to the disclosure of financial instruments affects voluntary corporate disclosure, and the impact of proprietary and political costs on such disclosure decisions. Using the annual reports of 70 Australian listed companies over a period of 6 years giving 420 firm-year observations, this study investigates the comparative impacts of proprietary and political information costs on management’s voluntary disclosure decisions relating to financial instruments. The regulatory disclosure environment, the impact of proprietary costs (proxy by a firm’s investment growth opportunities) and political costs (proxy by a firm’s probability of financial distress, size of a company and negative media attention) relating to the voluntary disclosure of financial instruments were investigated. Results of this study provide evidence that the mandatory disclosure of non-proprietary information relating to financial instruments has resulted in an increase in the voluntary disclosure of related proprietary information. For the effects of proprietary and political costs, findings from the study suggest that a firm’s growth opportunities are significant in limiting voluntary disclosure of proprietary information in the period prior to regulation. Consistent with political cost hypothesis, legitimacy theory and media agenda-setting theory, the size of a company and high negative media attention are significantly positively related to voluntary corporate disclosure. However, financial distress has no effect on the voluntary disclosure of financial instruments-related information.

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Mamouni Limnios, Elena Alexandra, John Watson, Tim Mazzarol, and Geoffrey N. Soutar. "Financial instruments and equity structures for raising capital in co-operatives." Journal of Accounting & Organizational Change 12, no. 1 (March 7, 2016): 50–74. http://dx.doi.org/10.1108/jaoc-01-2013-0006.

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Purpose – A key issue faced by co-operative enterprises is how to raise external equity capital without compromising member control. The purpose of this study is to examine the potential of a special type of financial instrument called a Cooperative Capital Unit (CCU) introduced into the Australian legislation to facilitate external investment while maintaining member control. Design/methodology/approach – A Delphi panel and six focus groups were used to provide an understanding of the challenges associated with cooperative governance and financing and to aid the development of a conceptual framework for the implementation of CCUs. Findings – The findings from these Delphi panel and six focus groups were used to develop a proposed framework that the authors believe will be useful in structuring equity-like instruments depending on the purposes they might serve. In particular, the authors propose a new form of cooperative ownership and equity structure that could: better align member and investor interests; provide a mechanism to strengthen one role over the other depending on the needs of the cooperative; and provide investors with a better sense of security while retaining member control. Originality/value – To the best of the authors’ knowledge, the cooperative ownership and equity structure proposed in this study are novel and not currently found in theory or practice. The insights provided by this study should, therefore, be of interest to a wide range of stakeholders, including cooperatives; professional advisors to these businesses; government regulators; investors; and researchers.

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Konstandatos, Otto. "Fair-value analytical valuation of reset executive stock options consistent with IFRS9 requirements." Annals of Actuarial Science 14, no. 1 (January 23, 2020): 188–218. http://dx.doi.org/10.1017/s1748499519000125.

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AbstractExecutive stock options (ESOs) are widely used to reward employees and represent major items of corporate liability. The International Accounting Standards Board IFRS9 financial reporting standard which came into full effect on 1-Jan 2018, along with its Australian implementation AASB9, requires public corporations to report their fair-value cost in financial statements. Reset ESOs are typically issued to re-incentivise employees by allowing the option to be cancelled and re-issued with a lower exercise price or later maturity. We produce a novel analytical Reset ESO valuation consistent with the IFRS9 financial reporting standard incorporating the simultaneous resetting of vesting period, exercise window, reset level and maturity. We allow for voluntary and involuntary exercise. Our analytical result is expressed solely in terms of standardised European binary power option instruments. Using the multi-state mortality model of Hariyanto (2014, Mortality and disability modelling with an application to pricing a reverse mortgage contract, PhD thesis, University of Melbourne), we estimate longitudinal disability and death transition probabilities from cross-sectional data. We determine survival functions for pre-vesting forfeiture or post-vesting involuntary exercise for use with weighted portfolios of our formulae to illustrate the effect of survival on the fair value. We examine the IFRS9 method of valuation using expected time to option exercise and demonstrate a consistent overestimation of fair value of up to 27% for senior executives.

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Laing, Gregory Kenneth, and Ronald William Perrin. "Attitudes on Financial Reporting Issues: An Australian Study." International Journal of Accounting and Financial Reporting 1, no. 1 (September 1, 2011): 99. http://dx.doi.org/10.5296/ijafr.v1i1.856.

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The aim of this research was to test the attitudes of professional accountants with regards to financial reporting issues. Given the changes arising from the adoption of the International Accounting Standards the expectation was that problems identified by prior research would have been mitigated. Surveys were conducted of accounting professionals using the questionnaire instrument designed by Francia and Strawser (1971). The data were collated and processed to determine the perceived information deficiency and importance of the various aspects of financial reporting. The major items in which information was considered to be deficient were – timing of revenue recognition, income tax effect accounting, executory contracts and treatment of prior period adjustments. By contrast the most important items were found to be uniformity in financial reporting, income tax effect accounting, use of fair market values, definition of equity versus liability and treatment of prior period adjustments. The findings have implications for the future development of accounting standards. Greater guidance should be given to explaining the practice, applications and consequences of the accounting standards on financial reporting. This paper provides a valuable insight into the perceived deficiencies of information on items that affect financial reporting by accountants in the Australian environment and adds a new perspective to the evaluation of adoption of international accounting standards.

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Dzingirai, Canicio, and Nixon S. Chekenya. "Longevity swaps for longevity risk management in life insurance products." Journal of Risk Finance 21, no. 3 (June 27, 2020): 253–69. http://dx.doi.org/10.1108/jrf-05-2019-0085.

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Purpose The life insurance industry has been exposed to high levels of longevity risk born from the mismatch between realized mortality trends and anticipated forecast. Annuity providers are exposed to extended periods of annuity payments. There are no immediate instruments in the market to counter the risk directly. This paper aims to develop appropriate instruments for hedging longevity risk and providing an insight on how existing products can be tailor-made to effectively immunize portfolios consisting of life insurance using a cointegration vector error correction model with regime-switching (RS-VECM), which enables both short-term fluctuations, through the autoregressive structure [AR(1)] and long-run equilibria using a cointegration relationship. The authors also develop synthetic products that can be used to effectively hedge longevity risk faced by life insurance and annuity providers who actively hold portfolios of life insurance products. Models are derived using South African data. The authors also derive closed-form expressions for hedge ratios associated with synthetic products written on life insurance contracts as this will provide a natural way of immunizing the associated portfolios. The authors further show how to address the current liquidity challenges in the longevity market by devising longevity swaps and develop pricing and hedging algorithms for longevity-linked securities. The use of a cointergrating relationship improves the model fitting process, as all the VECMs and RS-VECMs yield greater criteria values than their vector autoregressive model (VAR) and regime-switching vector autoregressive model (RS-VAR) counterpart’s, even though there are accruing parameters involved. Design/methodology/approach The market model adopted from Ngai and Sherris (2011) is a cointegration RS-VECM for this enables both short-term fluctuations, through the AR(1) and long-run equilibria using a cointegration relationship (Johansen, 1988, 1995a, 1995b), with a heteroskedasticity through the use of regime-switching. The RS-VECM is seen to have the best fit for Australian data under various model selection criteria by Sherris and Zhang (2009). Harris (1997) (Sajjad et al., 2008) also fits a regime-switching VAR model using Australian (UK and US) data to four key macroeconomic variables (market stock indices), showing that regime-switching is a significant improvement over autoregressive conditional heteroscedasticity (ARCH) and generalised autoregressive conditional heteroscedasticity (GARCH) processes in the account for volatility, evidence similar to that of Sherris and Zhang (2009) in the case of Exponential Regressive Conditional Heteroscedasticity (ERCH). Ngai and Sherris (2011) and Sherris and Zhang (2009) also fit a VAR model to Australian data with simultaneous regime-switching across many economic and financial series. Findings The authors develop a longevity swap using nighttime data instead of usual income measures as it yields statistically accurate results. The authors also develop longevity derivatives and annuities including variable annuities with guaranteed lifetime withdrawal benefit (GLWB) and inflation-indexed annuities. Improved market and mortality models are developed and estimated using South African data to model the underlying risks. Macroeconomic variables dependence is modeled using a cointegrating VECM as used in Ngai and Sherris (2011), which enables both short-run dependence and long-run equilibrium. Longevity swaps provide protection against longevity risk and benefit the most from hedging longevity risk. Longevity bonds are also effective as a hedging instrument in life annuities. The cost of hedging, as reflected in the price of longevity risk, has a statistically significant effect on the effectiveness of hedging options. Research limitations/implications This study relied on secondary data partly reported by independent institutions and the government, which may be biased because of smoothening, interpolation or extrapolation processes. Practical implications An examination of South Africa’s mortality based on industry experience in comparison to population mortality would demand confirmation of the analysis in this paper based on Belgian data as well as other less developed economies. This study shows that to provide inflation-indexed life annuities, there is a need for an active market for hedging inflation in South Africa. This would demand the South African Government through the help of Actuarial Society of South Africa (ASSA) to issue inflation-indexed securities which will help annuities and insurance providers immunize their portfolios from longevity risk. Social implications In South Africa, there is an infant market for inflation hedging and no market for longevity swaps. The effect of not being able to hedge inflation is guaranteed, and longevity swaps in annuity products is revealed to be useful and significant, particularly using developing or emerging economies as a laboratory. This study has shown that government issuance or allowing issuance, of longevity swaps, can enable insurers to manage longevity risk. If the South African Government, through ASSA, is to develop a projected mortality reference index for South Africa, this would allow the development of mortality-linked securities and longevity swaps which ultimately maximize the social welfare of life assurance policy holders. Originality/value The paper proposes longevity swaps and static hedging because they are simple, less costly and practical with feasible applications to the South African market, an economy of over 50 million people. As the market for MLS develops further, dynamic hedging should become possible.

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Dissertations / Theses on the topic "Financial instruments Australia Accounting"

Shah, Atul Keshavji. "Accounting policy choice : the case of financial instruments." Thesis, London School of Economics and Political Science (University of London), 1993. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.294909.

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In recent years, there have been many suggestions of creative accounting practices by large companies. Although there is a growing literature on methods of creative accounting, relatively little is known about the process by which firms make particular accounting choices. This study is an attempt to analyse this process and identify some of the factors which influence accounting choice. Accounting practices in respect of new financial instruments are analysed and compared with accounting standards and generally accepted accounting principles. The evidence shows that new financial instruments provide significant scope for creative accounting by companies and in many cases, these possibilities have been an important motive behind their issuance. It shows how managers devote significant resources to manage the firm's financial reporting, and how professionals such as merchant bankers and lawyers assist them in this process. The findings provide new theoretical insights into the process of accounting policy making in practice, and reveal significant scope for further research. In addition, a unique method of analysing financial statements using a wide range of empirical data is illustrated. This method can provide analysts with new insights into a company's underlying financial performance.

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Yekini, Liafisu Sina. "Financial instruments disclosure : the role of accounting standards." Thesis, University of Leicester, 2011. http://hdl.handle.net/2381/9906.

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A significant number of studies have pointed to inadequate disclosure of the hedging process by companies of both details of instruments used and the clarity of information. Following the adoption of IFRSs, UK companies started reporting under IAS 32 and 39 from the accounting year beginning from 1st January 2005. This required more relevant information to be disclosed when compared with the requirements of FRS 13 under which UK companies reported prior to 2005. The adoption was consistent with reporting practices of other countries within the EU. This study investigates the extent to which non-financial sector firms in the UK have complied with the requirements of IAS 32 and 39 and what the value of this disclosure has been to investors. The thesis reports on a sample of 182 firms using content analysis to evaluate reporting level in comparison with the requirements of the standards. The thesis also uses cross sectional analysis of the market model to assess the extent of disclosure on excess returns. The findings show that companies reported more on derivative use under the international standards than under UK GAAP, suggesting that harmonization of reporting practices are on course in the UK. Secondly, companies that reported financial instruments under these standards have a lower risk-adjusted discount rate. This translates to lower future returns and higher current prices, meaning current increased market values. Further division of companies into those who disclosed at low, medium and high levels, shows that companies that disclosed at medium and high levels have a lower risk-adjusted discount rates. This suggests reduced risk and higher current market values for these firms. These findings supports our earlier findings just as they support the theoretical insight that increased disclosure means increased transparency that should positively affect firm value and vice versa.

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Shields, Karin Elisabeth. "International accounting standard setting : lobbying and the development of financial instruments accounting." Thesis, University of Leeds, 2014. http://etheses.whiterose.ac.uk/7904/.

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With the establishment of the International Accounting Standards Board (IASB) one of the first projects that were added to its agenda was the financial instruments project. The controversy surrounding the standards, and their heavy Anglo-American nature, have led to widespread concerns regarding the IASB granting undue influence to certain lobbying parties in developing these standards. The thesis examines whether these concerns are warranted. The IASB standard setting is characterised by varying degrees of constituent support and opposition for the organisation’s proposed changes to accounting standards. A robust methodology, grounded in ideology theory of regulation, is therefore developed to identify the impact of special interest lobbying on the IASB’s decisions during the development of standards for financial instruments from 2001-2012. Textual analysis is applied to a large sample of comment letters in order to derive a continuous measure of negativity for the analysis of overt lobbying, as well as identifying cases of explicit opinion in the responses. The findings show that the IASB takes account of lobbying in its standard development. Lobbyists are found to be more likely to be successful in blocking proposed changes by expressing negativity in their discussion of a proposal, as opposed to explicitly disagreeing. Further, the results of the analysis show that, in general, all major constituent groups are influential in the development, but that only the business community is influential when it comes to disclosure requirements. Moreover, opposing American constituents are more likely to block proposed changes than are lobbyists from elsewhere. In sum, the thesis investigates and finds that the IASB’s standard setting process allows special interest lobbying to shape the standards for financial instruments accounting and that the business community and American constituents are particularly influential in the process, thus reinforcing the Anglo-American nature of the standards.

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Chew, Tong-Gunn. "Incentives for voluntary disclosures of derivative financial instruments by financial institutions in Singapore." Monash University, Dept. of Accounting and Finance, 2004. http://arrow.monash.edu.au/hdl/1959.1/5301.

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au, Rebecca tan@anu edu, and Chyi Woan (Rebecca) Tan. "Accounting for Financial Instruments: An Investigation of Preparer and User Preference for Fair Value Accounting." Murdoch University, 2005. http://wwwlib.murdoch.edu.au/adt/browse/view/adt-MU20051011.123944.

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This research study, motivated by the difference in opinion between the Joint Working Group of Standard Setters (JWGSS) and the Joint Working Group of Banking Associations (JWGBA), generates empirical evidence on preparer and user preferences for fair value accounting for all financial instruments. Australian and Singaporean respondents perceptions on the measurement of financial instruments at fair value and the recognition of changes in fair value as gains or losses in the Income Statement are obtained. This study provides better understanding of the perceptions on the international proposals for change by examining possible explanatory factors for respondents views. There is ongoing controversy regarding the appropriate accounting for financial instruments. Perceived shortcomings of the mixed measurement model resulted in an all inclusive fair value accounting standard proposed by the JWGSS (2000). This was met with strong criticism from the JWGBA, established in response to this proposal (1999a). An understanding of actual preparer and user views is thus important for standard-setters to determine the most appropriate and acceptable accounting standard for financial instruments, particularly for the complex financial institutions industry in these two prominent financial markets of the Asian Pacific region. A positivist-objectivist approach is chosen as the theoretical perspective of this research study because of its ability to help explain real world phenomena. Both qualitative (interviews) and quantitative (surveys) methods are used in tandem to derive evidence on user and preparer perceptions. This integration of methods is important to achieve a better understanding of the issues at hand. Evidence collected from the interviews and the preparer and user surveys are analysed with univariate and multivariate statistical tools to determine the level of support (or opposition) for fair value accounting for all financial instruments and to identify factors that explain user and preparer views. Results show that on average, preparers neither strongly support nor strongly oppose the fair value accounting proposal, while users are slightly more supportive. However, respondent users and preparers tend to have similar perceptions on most of the contentious issues raised in this international debate, sometimes giving credence to the JWGBA position while other times agreeing with the JWGSS. On average, users and preparer responses are similar but there is substantial variation within each group. Findings indicate higher support for fair value accounting when the trading and banking books are perceived to be not different, fair values for non-traded financial instruments are reliable and when there is comparability across entities. This thesis generates empirical evidence on the highly topical issue of accounting for financial instruments in the midst of international accounting standard setting movements toward fair value accounting. The lack of variation between users and preparers affirms the robustness of the qualitative characteristics espoused by the IASB framework for financial reporting. Results show that achieving these qualitative characteristics is far more important than trying to fulfill the different needs of various groups. This slight support for fair value accounting is part of a bigger tapestry of a slow but steady movement towards fair value measurement in financial accounting and reporting.

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Tan, Chyi Woan. "Accounting for financial instruments : an investigation of preparer and user preference for fair value accounting /." Access via Murdoch University Digital Theses project, 2005. http://wwwlib.murdoch.edu.au/adt/browse/view/adt-MU20051011.123944.

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Maucher, Matthias. "Rechnungslegung von Financial Instruments nach IAS 39 und HGB / Steuerrecht." [S.l. : s.n.], 2005. http://www.bsz-bw.de/cgi-bin/xvms.cgi?SWB12103715.

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Borger, David. "Constructing representations of risk in regulatory networks : accounting for financial instruments." Thesis, London School of Economics and Political Science (University of London), 2002. http://etheses.lse.ac.uk/2265/.

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The extant literature on accounting regulation in the context of private-sector standard setting has mainly focused on lobbying by means of comment letters. Some rather casual while interesting accounts of the process of standard setting 'behind the scenes' by former insiders and by close observers have complemented this research. Only few detailed studies have looked at how accounting standards emerge over time and in the wider social context. After theory had become deconstructed as providing excuses in the late 1970s, few contributions have looked at the role accounting theory plays in accounting regulation. To analyze the process of accounting regulation in more detail with a focus on the conceptual foundation and the social context of accounting, this thesis looks at one particular international standard setting project that took place over a period of ten years. The thesis focuses on the International Accounting Standards Committee's (IASC) project on financial instruments that was inaugurated in 1988 and resulted in a comprehensive recognition and measurement standard by the end of 1998. Because of the nature of financial instruments, which came to challenge traditional accounting concepts and did not fit easily into existing accounting categories, the project ventured into hitherto unknown regulatory territory. In the process, some of the premises of financial reporting became transformed, in particular with respect to the representation of financial risk. Due to the esoteric nature of the object of regulation - financial instruments - and the intellectual challenges involved, the regulatory debate came to sustain a high level of conceptual independence. Within the debate, new notions of appropriateness of problems and solutions emerged in reliance on a close international network of experts, organizations and ideas. However, legitimately shifting the boundary of what accounting can and should represent became a considerably demanding endeavor, as it was resisted in reference to traditional meaning of accounting. While slowly emerging notions of what accounting can and should represent helped to justify the new accounting guidance, conflicting notions of appropriateness remained resilient. The thesis contributes to refining a model of regulation and accounting standard setting as a regulatory debate that is structured by a meaning-reproducing network of experts, organizations and ideas. Some of the policy and theoretical implications of the study relate to the regulatory role of conceptual frameworks in supporting notions of appropriateness. It also sheds light on notions of regulatory independence, which became prominent in recent proposals for reforming the international standard setting regime. In particular, the structure of the debate was seen to put considerable constraints on pace and direction of regulatory change. Furthermore, the case suggests that the success of regulatory initiatives may depend more on the success of shifting notions of appropriateness of problems and solutions and the meaning given to accounting than on the power and persistence of lobbyists.

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Tan, Chyi Woan (Rebecca). "Accounting for financial instruments: an investigation of preparer and user preference for fair value accounting." Thesis, Tan, Chyi Woan (Rebecca) (2005) Accounting for financial instruments: an investigation of preparer and user preference for fair value accounting. PhD thesis, Murdoch University, 2005. https://researchrepository.murdoch.edu.au/id/eprint/332/.

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This research study, motivated by the difference in opinion between the Joint Working Group of Standard Setters (JWGSS) and the Joint Working Group of Banking Associations (JWGBA), generates empirical evidence on preparer and user preferences for fair value accounting for all financial instruments. Australian and Singaporean respondents' perceptions on the measurement of financial instruments at fair value and the recognition of changes in fair value as gains or losses in the Income Statement are obtained. This study provides better understanding of the perceptions on the international proposals for change by examining possible explanatory factors for respondents' views. There is ongoing controversy regarding the appropriate accounting for financial instruments. Perceived shortcomings of the mixed measurement model resulted in an all inclusive fair value accounting standard proposed by the JWGSS (2000). This was met with strong criticism from the JWGBA, established in response to this proposal (1999a). An understanding of actual preparer and user views is thus important for standard-setters to determine the most appropriate and acceptable accounting standard for financial instruments, particularly for the complex financial institutions industry in these two prominent financial markets of the Asian Pacific region. A positivist-objectivist approach is chosen as the theoretical perspective of this research study because of its ability to help explain real world phenomena. Both qualitative (interviews) and quantitative (surveys) methods are used in tandem to derive evidence on user and preparer perceptions. This integration of methods is important to achieve a better understanding of the issues at hand. Evidence collected from the interviews and the preparer and user surveys are analysed with univariate and multivariate statistical tools to determine the level of support (or opposition) for fair value accounting for all financial instruments and to identify factors that explain user and preparer views. Results show that on average, preparers neither strongly support nor strongly oppose the fair value accounting proposal, while users are slightly more supportive. However, respondent users and preparers tend to have similar perceptions on most of the contentious issues raised in this international debate, sometimes giving credence to the JWGBA position while other times agreeing with the JWGSS. On average, users and preparer responses are similar but there is substantial variation within each group. Findings indicate higher support for fair value accounting when the trading and banking books are perceived to be not different, fair values for non-traded financial instruments are reliable and when there is comparability across entities. This thesis generates empirical evidence on the highly topical issue of accounting for financial instruments in the midst of international accounting standard setting movements toward fair value accounting. The lack of variation between users and preparers affirms the robustness of the qualitative characteristics espoused by the IASB framework for financial reporting. Results show that achieving these qualitative characteristics is far more important than trying to fulfill the different needs of various groups. This slight support for fair value accounting is part of a bigger tapestry of a slow but steady movement towards fair value measurement in financial accounting and reporting.

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Tan, Chyi Woan (Rebecca). "Accounting for financial instruments: an investigation of preparer and user preference for fair value accounting." Tan, Chyi Woan (Rebecca) (2005) Accounting for financial instruments: an investigation of preparer and user preference for fair value accounting. PhD thesis, Murdoch University, 2005. http://researchrepository.murdoch.edu.au/332/.

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This research study, motivated by the difference in opinion between the Joint Working Group of Standard Setters (JWGSS) and the Joint Working Group of Banking Associations (JWGBA), generates empirical evidence on preparer and user preferences for fair value accounting for all financial instruments. Australian and Singaporean respondents' perceptions on the measurement of financial instruments at fair value and the recognition of changes in fair value as gains or losses in the Income Statement are obtained. This study provides better understanding of the perceptions on the international proposals for change by examining possible explanatory factors for respondents' views. There is ongoing controversy regarding the appropriate accounting for financial instruments. Perceived shortcomings of the mixed measurement model resulted in an all inclusive fair value accounting standard proposed by the JWGSS (2000). This was met with strong criticism from the JWGBA, established in response to this proposal (1999a). An understanding of actual preparer and user views is thus important for standard-setters to determine the most appropriate and acceptable accounting standard for financial instruments, particularly for the complex financial institutions industry in these two prominent financial markets of the Asian Pacific region. A positivist-objectivist approach is chosen as the theoretical perspective of this research study because of its ability to help explain real world phenomena. Both qualitative (interviews) and quantitative (surveys) methods are used in tandem to derive evidence on user and preparer perceptions. This integration of methods is important to achieve a better understanding of the issues at hand. Evidence collected from the interviews and the preparer and user surveys are analysed with univariate and multivariate statistical tools to determine the level of support (or opposition) for fair value accounting for all financial instruments and to identify factors that explain user and preparer views. Results show that on average, preparers neither strongly support nor strongly oppose the fair value accounting proposal, while users are slightly more supportive. However, respondent users and preparers tend to have similar perceptions on most of the contentious issues raised in this international debate, sometimes giving credence to the JWGBA position while other times agreeing with the JWGSS. On average, users and preparer responses are similar but there is substantial variation within each group. Findings indicate higher support for fair value accounting when the trading and banking books are perceived to be not different, fair values for non-traded financial instruments are reliable and when there is comparability across entities. This thesis generates empirical evidence on the highly topical issue of accounting for financial instruments in the midst of international accounting standard setting movements toward fair value accounting. The lack of variation between users and preparers affirms the robustness of the qualitative characteristics espoused by the IASB framework for financial reporting. Results show that achieving these qualitative characteristics is far more important than trying to fulfill the different needs of various groups. This slight support for fair value accounting is part of a bigger tapestry of a slow but steady movement towards fair value measurement in financial accounting and reporting.

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Books on the topic "Financial instruments Australia Accounting"

Accounting for financial instruments. Hoboken, NJ: Wiley, 2009.

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Butler, Cormac. Accounting for Financial Instruments. New York: John Wiley & Sons, Ltd., 2009.

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Board, Accounting Standards. Financial instruments: Hedge accounting. Central Milton Keynes: ASB Publications, 2002.

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Butler, Cormac, ed. Accounting for Financial Instruments. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2012. http://dx.doi.org/10.1002/9781119206989.

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Organisation for Economic Co-operation and Development., ed. New financial instruments. Paris: Organisation for Economic Co-operation and Development, 1988.

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M, Weiss David. Financial Instruments. New York: Penguin USA, Inc., 2009.

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Miltz, D. Accounting for new financial instruments. Brussels: European Institute for Advanced Studies in Management, 1991.

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Board, Accounting Standards. Accounting for capital instruments. London: Accounting Standards Board, 1992.

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Board, Accounting Standards. Accounting for capital instruments. London: Accounting Standards Board, 1991.

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Didier, Kling, Bonte Christophe, Breillout Marc, and Taplin Andrew, eds. IFRS Financial instruments. Paris: Editea, 2006.

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Book chapters on the topic "Financial instruments Australia Accounting"

Duţescu, Adriana. "Financial Instruments." In Financial Accounting, 241–59. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-29485-4_9.

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Friedhoff, Martin, and Jens Berger. "International Accounting Standard 32 Financial Instruments: Presentation." In Financial Instruments, 13–35. Wiesbaden: Springer Fachmedien Wiesbaden, 2013. http://dx.doi.org/10.1007/978-3-658-00607-5_1.

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Friedhoff, Martin, and Jens Berger. "International Accounting Standard 39 Financial Instruments: Recognition and Measurement." In Financial Instruments, 57–117. Wiesbaden: Springer Fachmedien Wiesbaden, 2013. http://dx.doi.org/10.1007/978-3-658-00607-5_3.

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Chu Yeong, Lim, and Foo See Liang. "Financial reporting risks in relation to financial instruments." In The Routledge Companion to Accounting and Risk, 49–63. Abingdon, Oxon; New York, NY: Routledge, 2017.: Routledge, 2017. http://dx.doi.org/10.4324/9781315716756-5.

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Alamad, Samir. "Islamic Financial Instruments: Accounting of Charitable Contracts." In Financial and Accounting Principles in Islamic Finance, 175–208. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-16299-3_8.

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Riccardi, Lorenzo. "Accounting Standards for Business Enterprises No. 37—Presentation of Financial Instruments." In China Accounting Standards, 283–97. Singapore: Springer Singapore, 2015. http://dx.doi.org/10.1007/978-981-10-0006-5_41.

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Alamad, Samir. "Islamic Financial Instruments: Accounting of Equity-Based Contracts." In Financial and Accounting Principles in Islamic Finance, 95–117. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-16299-3_5.

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Alamad, Samir. "Islamic Financial Instruments: Accounting of Sale-Based Contracts." In Financial and Accounting Principles in Islamic Finance, 119–65. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-16299-3_6.

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Alamad, Samir. "Islamic Financial Instruments: Accounting of Debt-Based Contracts." In Financial and Accounting Principles in Islamic Finance, 167–74. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-16299-3_7.

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Riccardi, Lorenzo. "Accounting Standards for Business Enterprises No. 22—Recognition and Measurement of Financial Instruments." In China Accounting Standards, 145–65. Singapore: Springer Singapore, 2015. http://dx.doi.org/10.1007/978-981-10-0006-5_26.

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Conference papers on the topic "Financial instruments Australia Accounting"

Gao, Lin. "Analysis of accounting risk based on derivative financial instruments." In 2014 International Conference on Education Technology and Social Science. Paris, France: Atlantis Press, 2014. http://dx.doi.org/10.2991/icetss-14.2014.16.

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Pucci, Sabrina, Marco Venuti, and Umberto Lupatelli. "ESG features in financial instruments: A challenge for the accounting treatment." In Corporate governance: Theory and practice. Virtus Interpress, 2022. http://dx.doi.org/10.22495/cgtapp8.

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The volume of financial instruments including environmental, social, and governance (ESG) features is rapidly increasing with a result that the scale of the issue continues to increase in the lack of a specific accounting rule. This situation creates a deep debate referring to the possibility of financial instruments with an ESG factor to pass the solely payments of principal and interest (SPPI) test according to the current requirements in International Financial Reporting Standards (IFRS) 9. The debate is not only present in Europe but also in the US. The current accounting standards are not able to define a unique accounting solution for instruments that incorporate ESG factors and when these factors are material for the market, it is not clear which may be the proper solution to present them in the financial statements. The main issue is if it needs to separate ESG features from the basic financial instruments. Existing different positions on this issue, European Financial Reporting Advisory Group (EFRAG) proposed to International Accounting Standards Board (IASB) the introduction of more guidance and examples to apply in a consistent way the current provisions set forth by IFRS 9. In a dynamic market characterized by strong growth and the introduction of new complex instruments, the solution proposed by the EFRAG appears minimal. The introduction of a specific section of IFRS 9 addressed to this issue may be more appropriate in the light of the existing attention on the ESG features disclosure and the possibility to provide specific metric that permits measurement of the ESG features separately from the basic lending instrument

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Atanasov, Atanas, Galina Chipriyanova, Radosveta Krasteva-Hristova, and Kiril Luchkov. "CONTEMPORARY TRAINING IN FINANCIAL ACCOUNTING - SYNTHESIS BETWEEN TRADITIONAL METHODS AND NEW DIGITAL INSTRUMENTS." In INTCESS 2022- 9th International Conference on Education & Education of Social Sciences. International Organization Center of Academic Research, 2022. http://dx.doi.org/10.51508/intcess.202220.

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Ouyang, Xia, Yuan Xiao, and Jiaming Zhong. "Comparison of Statistical Classification of Financial Instruments and the Relevant Contents of Accounting Standards." In 2017 7th International Conference on Education, Management, Computer and Society (EMCS 2017). Paris, France: Atlantis Press, 2017. http://dx.doi.org/10.2991/emcs-17.2017.91.

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Shkurti (Perri), Rezarta. "Cloud Computing in Accounting and Digital Financial Reporting in Albania." In 7th International Scientific Conference ERAZ - Knowledge Based Sustainable Development. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2021. http://dx.doi.org/10.31410/eraz.2021.199.

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Recent technological changes have had a great impact on the accounting and financial environment all over the world. Albania has also been affected by these changes and developments such as the widespread use of interactive accounting information packages, financial web reporting, and cloud computing. This paper tries to analyze the current situation of accounting and financial reporting in Albania and the impact that web reporting and cloud computing have had on the simplification of accounting procedures. Several tools such as online reporting and Extensive Business Reporting language are presented and their impact on the use of the accounting systems and other financial reporting instruments in Albania is explained. This paper finds that cloud computing has been used extensively by the private companies offering accounting information systems in Albania whereas Extensive Business Reporting language and the IFRS Taxonomy have not attained great recognition in Albania.

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Astuti, Elly, and Nur Wahyuning Sulistyowati. "Analysis Of Implementation Sak Converged Ifrs For Financial Instruments (Psak 50, 55 And 60) In Banking Company." In 2nd International Conference on Accounting, Management, and Economics 2017 (ICAME 2017). Paris, France: Atlantis Press, 2017. http://dx.doi.org/10.2991/icame-17.2017.8.

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Indriani, Rini, Eddy Suranta, Lara Carina, and Asikum Wirataadmaja. "The Effect of Gains/Losses from Changes in Fair Value of Financial Instruments on the Value Relevance and Risk for Investor." In Malaysia Indonesia International Conference on Economics Management and Accounting. SCITEPRESS - Science and Technology Publications, 2019. http://dx.doi.org/10.5220/0009588700002900.

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Bracanović, Slobodan. "BASIC ELEMENTS OF THE FINANCIAL FUNCTION IN BUSINESS ENTITIES." In Fourth International Scientific Conference ITEMA Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2020. http://dx.doi.org/10.31410/itema.2020.151.

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Finance and accounting are the essences and the lifeblood of the business doing of business entities. Classical financial mechanisms and instruments are adapted to the contemporary conditions of profitable business doing. The real economy is the basis of the financial economy. Public finance is a special field. Virtual, parallel finance is manifested in contemporary business doing.

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Kubicek, Antonin. "Impact of implementation of new accounting standard IFRS 9 (Financial instruments) on selected Czech banks and comparison with the EBA report – “First observations on the impact and implementation of IFRS 9 by EU institutions”." In International Days of Statistics and Economics 2019. Libuše Macáková, MELANDRIUM, 2019. http://dx.doi.org/10.18267/pr.2019.los.186.83.

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Mihaila, Constanta-Valentina, Gabriela Alina Paraschiva, and Laurentiu Mihai Mihail. "How Efficient are the Romanian Sports Federations? A Theoretical and Experimental Approach." In World Lumen Congress 2021, May 26-30, 2021, Iasi, Romania. LUMEN Publishing House, 2022. http://dx.doi.org/10.18662/wlc2021/44.

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Examining the links between performance and financial issues has been, and still is, subject of a great number of researches both in the business and in the non-profit environment. In this respect, the world of sports has not been bypassed either, using concepts and / or instruments from accounting, economics or statistic areas in order to analyse a firm or an NGO in the sport industry and his success. The present study represents one of the first attempt to value the Romanian sports federations’ activity which is not based solely on the scores attained following places and medals won by athletes participating in the national and international competition system. And it is intended to identify an appropriate methodology to highlight how efficient the sports federations have been in 2019 year, reporting the results obtained to the resources used, from a domestic perspective (meaning the participation in national sports events and the scores obtained). This paper addresses 12 Romanian sports federations (out of 75 federations on sport branches) and their efficiency, through the lens of several input, output and outcome indicators, using public data gathered from various sources - the Romanian Ministry of Finance, the National Institute of Statistics, the Romanian Ministry of Youth and Sports. Using statistical tools, such as Spearman rank correlation, as well as statistical methods, such as standardization, we developed an efficiency calculation methodology, which could be used to support managerial team to improve and / or reshape federations' activities, if necessary.

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Reports on the topic "Financial instruments Australia Accounting"

Kashyap, Varsha, Jill Hooks, Asheq Rahman, and Md Borhan Uddin Bhuiyan. Institutional Determinants of Carbon Financial Accounting Practices. Unitec ePress, 2020. http://dx.doi.org/10.34074/ocds.084.

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This paper investigates how and why firms affected by Emissions Trading Schemes (ETSs) are financially accounting for carbon in a voluntary setting. Using institutional theory, the authors seek to identify the determinants of a firm’s decision to adopt a particular carbon financial accounting practice. We identify the recognition and measurement practices for carbon-emission allowances using data gathered from the annual reports of ETS-affected firms in Australia. These practices are identified in the five stages of carbon-emission allowance transactions, namely, when these are: (1) received for free, (2) purchased, (3) used, (4) sold, and (5) surrendered. Inconsistencies in carbon financial accounting practices are observed. The findings reveal that carbon-emission allowances are recorded as intangible assets, but most firms provide incomplete information on their carbon financial accounting practices. Firms also exhibit inconsistencies in specifying how they are ‘recognising’ and ‘measuring’ carbon-emission allowances. The results provide evidence of coercive (regulation) and mimetic (size, leverage, and listing status) pressures being the main determinants of carbon financial accounting practice.

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Granada, Isabel, Pier Saraceno, and Anna Camilo. The Importance of Financial Information in the Transport Sector: an Encouragement to New Outlooks and Perspectives in Light of the IDB's Vision 2025. Inter-American Development Bank, April 2022. http://dx.doi.org/10.18235/0004152.

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Services in the transport sector in Latin America & the Caribbean are provided mainly by private enterprises of different sizes. However, as technical transport specialists, our knowledge and understanding of their management strategies and financial objectives remains limited. Most of the sectorial attention is rightly dedicated to the analysis of the effectiveness and efficiency of the products/services provided by companies, leaving out of the picture the focus on the “business” side of their structures and operations. Such lack of awareness can be linked to several reasons. But one of the motives that mostly hinder transport practitioners from further analyzing these aspects is the ability to speak the private companies “financial language”. Engineers, planners, and even economists are not always familiar with the instruments of financial analysis, management accounting or corporate finance; concepts that are at the core of this language. When it comes to financial analysis, sectors practitioners are mainly biased in thinking about PPPs issues and project finance. This is certainly not a fault per se! However, such a narrow focus can unquestionably represent an obstacle to the full comprehension of the phenomena and rationales that impact the sectors functioning

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