Accounting - Research Publications
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ItemAuditors’ Perspectives: The Impacts of IFRS Practice Statement 2 Making Materiality Judgements(Australian Accounting Standards Board, Australian Government, 2023)This report shows that the IFRS Practice Statement 2 is helpful as it clarifies the concept of materiality. However, there is a significant need for enhanced educational programs targeting key stakeholders, including auditors.
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ItemDisclosing Unrecognized Intangibles: The Search for Exemplars(University of Melbourne, 2021)The purpose of this report is to document the results of an investigation into disclosures of unrecognized intangibles by Tier 1 reporting entities in Australia.
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ItemImplementing AASB 16 Leases: Are Preparers Ready?(The University of Melbourne, 2019)This is the first report of a project examining the introduction of AASB 16 Leases (AASB 16), the Australian equivalent of IFRS 16 Leases. It reports on a survey that provides a snapshot of the process of implementation of AASB 16 Leases by preparers. A subsequent report, to be released in 2020, will report on an interview-based study of users of financial reports prepared under AASB 16. The results indicate that entities have made relatively good progress in implementing the standard, focusing their project structure on existing internal resources. Preparers have faced challenges in implementation, including the need for additional data collection and systems implementation. However, the results suggest that preparers are expecting to see the benefits of adopting the new standard highlighted by the standard-setters, including enhanced comparability and transparency. Importantly, the need for recognition of (almost) all leases on the balance sheet is an improvement to the quality of the underlying lease data, and thus the quality of the reported information to users of financial statements. This report aims to assist preparers in benchmarking their progress against peers, and for policy makers, including Australian and international standard-setters, to receive feedback as input to the post-implementation review process of AASB 16 and its international equivalent, IFRS 16.
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ItemPhilanthropy: Toward a Better Practice Model(Asia Pacific Social Impact Centre, 2018)Philanthropy is an important catalyst for social change and plays a pivotal and instrumental role in supporting communities and ameliorating disadvantage. The Trust Company’s Engaged Philanthropy Model suggested five key pillars of a good practice grant making framework: 1. Grant making philosophy 2. Capacity building and not-for-profit resilience 3. Scaling, replication and collaboration 4. The strength of the relationship between grant makers and grant seekers 5. Approaches to evaluation and social impact Building on these pillars, this project developed a survey tool to establish a framework for thinking about philanthropic practices and supporting better practice models. These results are substantiated by thirty interviews with grant makers and grant seekers. In general there is optimism about the future of philanthropy in Australia and a genuine desire to continue to develop best practice approaches to social impact by both grant makers and grant seekers. All those interviewed were united in their commitment to address serious social problems and work collaboratively to support social change. However, our findings revealed a disconnect between Australian grant seeker and grant maker perceptions around these issues, with philanthropists having a far more favourable view of the state of practices and relationships in the sector than their not-forprofit (NFP) counterparts. Interview respondents from throughout the sector identified multiple causes for the mismatch between grant maker and grant seeker and experiences and impressions, and broadly felt that the responsibility and power to continue to enhance philanthropic impact lay with the continued development of more strategic relationships between the NFPs and philanthropy. An important catalyst is a greater focus on the strategic impact of philanthropic initiatives and a higher priority by philanthropic decision makers, namely the philanthropists themselves, and the Boards and Trustees responsible for governance of philanthropic entities, to clarify their strategic intent and measure their performance against this strategy. The insights from this report establish a benchmark for the current state of play in Australia. It presents challenges, but also enormous opportunity for changes that will build towards better practice models and increased impact of Australian philanthropy. The NFP sector is seeking stronger, more strategic relationships with grant makers in order to make that happen.
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ItemSustainability Reporting to Improve Organizational Performance(Network for Business Sustainability, 2017-10-11)
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ItemSustainability Reporting Playbook(Network for Business Sustainability, 2017-10-11)Sustainability reporting can allow internal stakeholders to be more effective in their roles. It can increase employee engagement and inform management decision-making, among other benefits. Yet companies often fail to connect sustainability reporting to the core operations of the business, and so fail to realize the potential benefits. This playbook identifies opportunities for enhancing the effectiveness and impact of sustainability reporting.
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ItemNo Preview AvailableEnhancing interactivity in lectures: using classroom performance system technology in first-year accounting(Department of Accounting and Business Information Systems, 2005)
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ItemThe role of performance management and control systems in the implementation of public sector reforms: creating health care networks in Victoria(Department of Accounting and Business Information Systems, 2005)