Choices of financial reporting regimes and techniques and underlying decision-making processes: a case study analysis of a port authority

Julia Smith, Gavin Reid, Yu-Lin HSU

Research output: Contribution to conferencePaperpeer-review

Abstract

This paper examines how financial reporting modes are determined within a company, from the perspective of perceived costs and benefits. The modes investigated include financial reporting regimes (e.g. IFRS, UK GAAP) and the financial reporting techniques which support them (e.g. valuing intangibles and investments, treatment of development costs). A stated preference approach is adopted and applied to a fieldwork analysis of the functioning of a large port authority, which was a member of a group and prepared both consolidated and subsidiary accounts. The analysis is largely qualitative, exploring in-depth such matters as key factors in making choices, the decision-making processes behind choices, and the staging of decisions, but underpinned by a quantitative basis, using a metric for determining net benefits of financial reporting regimes and techniques. Our analysis aims to improve our understanding of a company’s choice processes underlying its financial reporting, including its handling of complexity and uncertainty, and its use of innovations in techniques and organisational forms for decision support.
Original languageEnglish
Pages1-34
Number of pages34
Publication statusAccepted/In press - 8 Feb 2016
Event39th European Accounting Association Annual Congress 2016 - Maastricht Exhibition and Congress Centre, Maastricht, Netherlands
Duration: 11 May 201613 May 2016
http://www.eaacongress.org/r/home

Conference

Conference39th European Accounting Association Annual Congress 2016
Abbreviated titleEAA 2016
CountryNetherlands
CityMaastricht
Period11/05/1613/05/16
Internet address

Keywords

  • financial reporting
  • regime choice
  • technique choice

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