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...

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...

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 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,...

Welcome to this edition of the Journal of Law and Financial Management ( JLFM). Now in its 11th year, JLFM continues to provide a forum for the publication of research and analysis focused on the nexus of the general disciplinary areas of law (primarily business and commercial law) and financial...

Welcome to this edition of the Journal of Law and Financial Management ( JLFM). Now in its 11th year, JLFM continues to provide a forum for the publication of research and analysis focused on the nexus of the general disciplinary areas of law (primarily business and commercial law) and financial...

In this issue, we proudly present our 10th-year edition of the Journal of Law and Financial Management. We would firstly like to thank each of the members of our editorial advisory board for their invaluable contribution, assistance and support over the decade, as well as numerous authors whose...

As we begin the second decade of this new millennium, the global economy continues to exhibit weaknesses in a number of dimensions. Bailouts, failures and restructures seem to be the norm in an environment reeling from the pressure of the global financial crisis, a continued lack of confidence...