Non-GAAP reporting in Australia.

Ribeiro, Andrea Maria de Lima

Non-GAAP reporting in Australia.

Ribeiro, Andrea Maria de Lima

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Publication Type:: Thesis
Issue Date:: 2016

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Field	Value	Language
dc.contributor.author	Ribeiro, Andrea Maria de Lima
dc.date.accessioned	2017-09-12T01:28:05Z
dc.date.available	2017-09-12T01:28:05Z
dc.date.issued	2016
dc.identifier.uri	http://hdl.handle.net/10453/116801
dc.description	University of Technology Sydney. Faculty of Business.	en_AU
dc.description.abstract	This thesis provides evidence on non-GAAP reporting by ASX 500 listed companies and the influence of regulatory changes. I provide a detailed review of the extant literature of non-GAAP reporting by firms globally, emphasising the prevalence, causes and consequences. Firms tend to voluntarily disclose these additional performance metrics in order to convey information that cannot be translated by current accounting standards. Firstly, I find that regulatory changes have influenced non-GAAP reporting in Australia. As a consequence of the increase in this behaviour, government bodies and professional associations have issued guidelines on how to disclose non-GAAP metrics alongside GAAP metrics in the earnings press release. Secondly, I investigate the quality of non-GAAP earnings and find that they are overall of higher quality than GAAP earnings, which is broadly consistent with the informative disclosure explanation for non-GAAP reporting. In addition, I find that the introduction of A-IFRS in 2005 has affected some of the assessed earnings metrics quality. Marginal differences also suggest that A-IFRS is associated with an increase in the degree of transitory items in bottom-line earnings, reducing some earnings quality properties. The overall results of this thesis suggest that regulators, standard setters and other financial statement users can benefit from additional research addresses the voluntary disclosure of “adjusted” earnings metrics.	en_AU
dc.format	Thesis (PhD)
dc.language.iso	en_AU	en_AU
dc.relation	https://opus.lib.uts.edu.au/bitstream/10453/116801/2/02whole.pdf
dc.rights	The author owns the copyright in this thesis including all reproduction and reuse rights for the work. The work may not be altered without the permission of the copyright owner. Attribution is essential when quoting or paraphrasing from this thesis.
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	au.edu.uts.lib/ppc
dc.subject	Non-GAAP metrics.	en
dc.subject	GAAP earnings.	en
dc.subject	A-IFRS.	en
dc.subject	Earnings quality properties.	en
dc.subject	Disclosure of “adjusted” earnings metrics.	en
dc.title	Non-GAAP reporting in Australia.	en_AU
dc.type	Thesis	en_AU
utslib.copyright.status	open_access

Abstract:

This thesis provides evidence on non-GAAP reporting by ASX 500 listed companies and the influence of regulatory changes. I provide a detailed review of the extant literature of non-GAAP reporting by firms globally, emphasising the prevalence, causes and consequences. Firms tend to voluntarily disclose these additional performance metrics in order to convey information that cannot be translated by current accounting standards. Firstly, I find that regulatory changes have influenced non-GAAP reporting in Australia. As a consequence of the increase in this behaviour, government bodies and professional associations have issued guidelines on how to disclose non-GAAP metrics alongside GAAP metrics in the earnings press release. Secondly, I investigate the quality of non-GAAP earnings and find that they are overall of higher quality than GAAP earnings, which is broadly consistent with the informative disclosure explanation for non-GAAP reporting. In addition, I find that the introduction of A-IFRS in 2005 has affected some of the assessed earnings metrics quality. Marginal differences also suggest that A-IFRS is associated with an increase in the degree of transitory items in bottom-line earnings, reducing some earnings quality properties. The overall results of this thesis suggest that regulators, standard setters and other financial statement users can benefit from additional research addresses the voluntary disclosure of “adjusted” earnings metrics.

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http://hdl.handle.net/10453/116801