Matching between revenues and expenses and the adoption of International Financial Reporting Standards

Jin, K; Shan, Y; Taylor, S

Matching between revenues and expenses and the adoption of International Financial Reporting Standards

Jin, K Shan, Y

Taylor, S

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Publication Type:: Journal Article
Citation:: Pacific Basin Finance Journal, 2015, 35 pp. 90 - 107
Issue Date:: 2015-11-01

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Field	Value	Language
dc.contributor.author	Jin, K	en_US
dc.contributor.author	Shan, Y https://orcid.org/0000-0003-2156-8722	en_US
dc.contributor.author	Taylor, S https://orcid.org/0000-0001-8870-4966	en_US
dc.date.issued	2015-11-01	en_US
dc.identifier.citation	Pacific Basin Finance Journal, 2015, 35 pp. 90 - 107	en_US
dc.identifier.issn	0927-538X	en_US
dc.identifier.uri	http://hdl.handle.net/10453/131313
dc.description.abstract	© 2014 Elsevier B.V. We examine changes in the matching between contemporaneous revenues and expenses in Australian financial reporting. Matching is fundamental to the economic demand for accrual accounting in preference to simple cash measures. Our results indicate that the revenue-expense relation has declined in Australia during 2001-2005, but improved following implementation of International Financial Reporting Standards (IFRS). The improvement is largely attributable to increases in the association of operating expenses and "other" expenses with contemporaneous revenues. These results are in sharp contrast to documented declines in matching among US firms, and also highlight a positive outcome associated with Australian firms' mandatory adoption of IFRS.	en_US
dc.relation.ispartof	Pacific Basin Finance Journal	en_US
dc.relation.isbasedon	10.1016/j.pacfin.2014.10.008	en_US
dc.subject.classification	Finance	en_US
dc.title	Matching between revenues and expenses and the adoption of International Financial Reporting Standards	en_US
dc.type	Journal Article
utslib.citation.volume	35	en_US
utslib.for	1501 Accounting, Auditing and Accountability	en_US
utslib.for	1502 Banking, Finance and Investment	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.publication-status	Published	en_US
pubs.volume	35	en_US

Abstract:

© 2014 Elsevier B.V. We examine changes in the matching between contemporaneous revenues and expenses in Australian financial reporting. Matching is fundamental to the economic demand for accrual accounting in preference to simple cash measures. Our results indicate that the revenue-expense relation has declined in Australia during 2001-2005, but improved following implementation of International Financial Reporting Standards (IFRS). The improvement is largely attributable to increases in the association of operating expenses and "other" expenses with contemporaneous revenues. These results are in sharp contrast to documented declines in matching among US firms, and also highlight a positive outcome associated with Australian firms' mandatory adoption of IFRS.

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http://hdl.handle.net/10453/131313