Economics - Theses

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An appropriate financial reporting framework for small companies

McCahey, Jan Elizabeth ( 1986)

The purpose of this thesis is to examine the implications of the Australian financial reporting framework for small companies operating in Australia, and to consider whether the framework is appropriate for these companies. The study necessarily contains discussion of Australian companies legislation and accounting standards. As far as possible, recently issued accounting standards and legislative changes have been considered. However, the revisions to Schedule 7 of the Regulations to the Companies Act 1981, which are effective from October 1986, are not discussed. Although a draft of the proposed revisions was released in December 1985, at the time of writing the substantive part of this thesis it was not apparent that the revisions would be introduced. Accordingly, it was considered inappropriate to review the proposals in detail, and brief mention only is made of the "draft revised Schedule 7" in Chapter Seven.