The transition to IFRS based reporting has resulted in fundamental departures from many of the long accepted norms embedded in indigenous GAAP systems now superseded in IFRS adopting jurisdictions. The rules relating to goodwill accounting, measurement and reporting represent an excellent case...

This paper describes accrual base output base budgeting, (AOBB), system and examines their adoption in Australia. An analysis of claims made about AOBB systems by central agency reformers is set out and the conclusion offered that these claims are fundamentally rhetorical in their...

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...

That which at first blush seems simple often reveals deep complexity upon closer, more prolonged investigation. So it is with discount rates. As hammers and nails are to a builder, discount rates are to practitioners in the domain of accounting, finance and financial management. They are, and...