The Australian public sector experiences significant turmoil in performance information disclosures as it adopts New Public Financial Management oriented changes. While these changes aim to promote greater accountability, we raise concerns about the effectiveness of current disclosures,...

While the adoption of IFRS did not visit radical change upon all aspects of the financial accounting and reporting apparatus, this was not in the case of goodwill accounting and reporting, where almost every facet of prior practice was rendered redundant. Accordingly, careful scrutiny of the...

After many years of debating the appropriate treatment for goodwill, Malaysia finally has an enforceable accounting standard on this topic. Applicable for business combinations with reporting dates commencing on or after 1 January 2006, FRS 136 - Impairment of Assets requires that goodwill...

Discount rate selection represents a centrally material factor impacting valuation models. Given the strong reliance on discounted cash flow modelling as a basis for determining an assets recoverable amount, the judgement exercised by reporting entities regarding rate selection is of paramount...

The introduction of an impairment test for goodwill under IFRS is seen as another step toward moving financial accounting and reporting from its traditional historical cost paradigm to one of fair value. This regulatory change has been the subject of a growing body of literature which has often...

The 2006 reporting year represents the first year in which substantial quantities of financial statements prepared by Australian listed corporations in accordance with the requirements of A-IFRS have become available for inspection. It is the purpose of this paper to develop an impression of the...