Australian GAAP requires firms to either disclose or recognize the current values of real estate in their financial statements. Given recognition criteria related to reliable measurement, the propensity to recognize an upward revaluation is subject to the inherent uncertainty of the assessed...

Australian GAAP requires firms to either disclose or recognize the current values of property in their financial statements. We investigate why managers of some firms choose to recognize revaluation increments in their financial statements while others choose simply to disclose. We propose that...

Australian GAAP requires firms to either disclose or recognize the current values of real estate in their financial statements. Given recognition criteria related to reliable measurement, the propensity to recognize an upward revaluation is subject to the inherent uncertainty of the assessed...

This paper describes a case involving default on public (loan stock) debt by the listed Singaporean company, Inno- Pacific Holdings Limited. The case demonstrates through the chronology of events how technical default on public debt can be costly. The paper also documents the reactions of the...

Consolidation accounting rules in Australia recently changed to require the consolidation of all entities that the parent company has the capacity to control. Previously, Australian rules required the consolidation of companies (amongst other factors) if they were more than 50% owned by the...

This paper explains aspects of profit sharing arrangements in accounting partnerships, including the geographical dispersion of partnerships. It is posited that accounting partnerships sharing profits on a national or international basis are likely to use performance-based profit sharing rules;...