Issues arising with the implementation of AASB 139 financial instruments: recognition and measurement by Australian firms in the gold industry

Wells, PA

Issues arising with the implementation of AASB 139 financial instruments: recognition and measurement by Australian firms in the gold industry

Wells, PA

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Publisher:: European Accounting Association (EAA)
Publication Type:: Conference Proceeding
Citation:: 31st Annual Congress European Accounting Association Conference Website Papers, 2008, pp. 1 - 23
Issue Date:: 2008-01

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Field	Value	Language
dc.contributor.author	Wells, PA https://orcid.org/0000-0001-6822-4826	en_US
dc.contributor.editor	Hartmann, FGH	en_US
dc.date	2008-04-23	en_US
dc.date.issued	2008-01	en_US
dc.identifier.citation	31st Annual Congress European Accounting Association Conference Website Papers, 2008, pp. 1 - 23	en_US
dc.identifier.uri	http://hdl.handle.net/10453/11433
dc.description.abstract	This paper investigates the impact of AASB139: Financial Instruments, Recognition and Measurement on the financial reporting of Australian firms in the gold industry. At issue is whether firms are able to comply with the exacting requirements contained in AASB 139 for hedge accounting and how this impacts firms financial reports. Evidence is provided of hedging activities being restricted to larger firms, and for these firms only the larger firms were able to comply with the requirements of AASB 139 to account for these firms as cash flow hedges. Furthermore there is evidence that the income numbers for firms unable to account for their hedging activities as cash flow hedges having less relevance.	en_US
dc.publisher	European Accounting Association (EAA)	en_US
dc.relation.ispartof	31st Annual Congress European Accounting Association Conference Website Papers	en_US
dc.relation.ispartof	Annual Congress of European Accounting Association	en_US
dc.title	Issues arising with the implementation of AASB 139 financial instruments: recognition and measurement by Australian firms in the gold industry	en_US
dc.type	Conference Proceeding
utslib.location	Europe	en_US
utslib.location.activity	Rotterdam, Netherlands	en_US
utslib.for	150303 Corporate Governance and Stakeholder Engagement	en_US
utslib.for	150103 Financial Accounting	en_US
dc.location.activity	Rotterdam, Netherlands	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	open_access
pubs.consider-herdc	false	en_US
pubs.place-of-publication	Europe	en_US
pubs.start-date	2008-04-23	en_US

Abstract:

This paper investigates the impact of AASB139: Financial Instruments, Recognition and Measurement on the financial reporting of Australian firms in the gold industry. At issue is whether firms are able to comply with the exacting requirements contained in AASB 139 for hedge accounting and how this impacts firms financial reports. Evidence is provided of hedging activities being restricted to larger firms, and for these firms only the larger firms were able to comply with the requirements of AASB 139 to account for these firms as cash flow hedges. Furthermore there is evidence that the income numbers for firms unable to account for their hedging activities as cash flow hedges having less relevance.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/11433