What do Australian annual reports say about future earnings?

Choon, H; Smith, M; Taylor, S

What do Australian annual reports say about future earnings?

Choon, H Smith, M Taylor, S

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Publication Type:: Journal Article
Citation:: Australian Accounting Review, 2000, 10 (20), pp. 17 - 25
Issue Date:: 2000-01-01

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Field	Value	Language
dc.contributor.author	Choon, H	en_US
dc.contributor.author	Smith, M	en_US
dc.contributor.author	Taylor, S https://orcid.org/0000-0001-8870-4966	en_US
dc.date.issued	2000-01-01	en_US
dc.identifier.citation	Australian Accounting Review, 2000, 10 (20), pp. 17 - 25	en_US
dc.identifier.issn	1035-6908	en_US
dc.identifier.uri	http://hdl.handle.net/10453/10077
dc.description.abstract	Prospective earnings information in Australian firms’ annual reports has been claimed to be of sufficient importance to warrant its statutory requirement, or at least its “active encouragement”. With the introduction of AASB 1039 Concise Financial Reports, management discussion and analysis is required in some circumstances, although there is no explicit requirement to provide prospective earnings disclosures. A survey of a sample of ASX-listed firms shows that about 25% include some form of earnings forecast, although most are qualitative, while even a coarse measure of their accuracy suggests they are relatively unreliable. These results give rise to some concern that encouraging the provision of prospective earnings data may not necessarily assist investors. © 2000 CPA Australia.	en_US
dc.relation.ispartof	Australian Accounting Review	en_US
dc.relation.isbasedon	10.1111/j.1835-2561.2000.tb00051.x	en_US
dc.title	What do Australian annual reports say about future earnings?	en_US
dc.type	Journal Article
utslib.citation.volume	20	en_US
utslib.citation.volume	10	en_US
utslib.for	150303 Corporate Governance and Stakeholder Engagement	en_US
utslib.for	150103 Financial Accounting	en_US
utslib.for	1501 Accounting, Auditing and Accountability	en_US
utslib.for	1499 Other Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	closed_access
pubs.issue	20	en_US
pubs.publication-status	Published	en_US
pubs.volume	10	en_US

Abstract:

Prospective earnings information in Australian firms’ annual reports has been claimed to be of sufficient importance to warrant its statutory requirement, or at least its “active encouragement”. With the introduction of AASB 1039 Concise Financial Reports, management discussion and analysis is required in some circumstances, although there is no explicit requirement to provide prospective earnings disclosures. A survey of a sample of ASX-listed firms shows that about 25% include some form of earnings forecast, although most are qualitative, while even a coarse measure of their accuracy suggests they are relatively unreliable. These results give rise to some concern that encouraging the provision of prospective earnings data may not necessarily assist investors. © 2000 CPA Australia.

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http://hdl.handle.net/10453/10077