With the arrival of accrual accounting and a performance budgeting system known as \"accrual output budgeting\", there have been huge changes in the mechanism of central financial control in the budget-dependent Australian public sector. This article outlines and evaluates these changes. The new...

This study examines the high frequency reaction of the Australian Dollar (AUD) to new information contained in scheduled macroeconomic news releases in Australia for 1998 using Money Market Services trader expectations data. By using exchange rate data sampled at 10-second intervals, major price...

Australian governments have recently moved from cash accounting to accrual accounting. In doing so they have made simultaneous use of two rival accrual accounting frameworks: AAS 31 and GFS. AAS 31 and GFS operating result measures differ significantly. To date, the AAS 31 framework has enjoyed...

It is not uncommon for lecturer to assume student understanding key concepts in her/his organisation and presentation of a topic, when these concepts, in fact, can be quite problematic for the students. This creates barriers to knowledge development in students. To overcome this barrier, it is...

Contemporary commentators point to excess volatility within the FX market as an indicator of market inefficiency. It is thought that the excessive volatility is being driven by speculation. Policy options have emerged which focus on bounding volatility via government regulation of speculation....

Local government in advanced economies is undergoing a period of rapid reform aimed at enhancing its efficiency and effectiveness. Accordingly, the definition, measurement and improvement of organisational performance is crucial. Despite the importance of efficiency measurement in local...

There is considerable research evidence (e.g. Biggs 1991, Watkins et al 1990, Kember et al 1991) to suggest that East Asian learners exhibit superior learning styles and academic performance to their western counterparts at secondary and tertiary levels. This is a surprising outcome given the...

This paper examines the output and productivity performance of the Transport and Communication sector in South Korea and Australia, from 1990 to 1998. The aim of the paper is two-fold. First, the paper is the first in a series which compares the performance of various industries within the...