Browsing by Subject "Financial Accounting"

Now showing 1 - 8 of 8
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    Corporate social reporting in South Africa : a test of legitimacy theory
    (2002) Griffith, Kevin
    Bibliography: leaves 129-139.
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    The information content of cash flows versus accrual-based income numbers
    (2006) Carolin, John; Everingham, Geoff
    Word processed copy. Includes bibliographical references (leaves 115-123).
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    An investigation into the harmony of accounting practices by listed companies on leading stock markets
    (2006) Mbuyi, Etienne; Everingham, Geoff
    Includes bibliographical references
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    An investigation of the characteristics of companies listed on the JSE Securities Exchange that exhibit high levels of disclosure
    (2003) Crosoer, Martin; Graham, Mark
    This study seeks to remedy the omission of South Africa from the list of countries. This study follows the methodology highlighted by Cooke (1998) and investigates the relationship between level of disclosure and the variables highlighted below. This relationship was tested statistically using forward stepwise regression techniques.
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    The manipulation of headline earnings by companies listed on the JSE Securities Exchange South Africa
    (2006) Ruddy, Traceyann; Everingham, Geoff
    Includes bibliographical references (leaves 93-102).
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    The relationship between annual earnings and share returns on the JSE Securities Exchange
    (2005) Kornik, David; Everingham, Geoff
    This research study investigates whether the relationship between accounting earnings and share returns observed predominantly in New York Stock Exchange (“NYSE”) studies also holds on the modern-day JSE Securities Exchange (“JSE”). Since the JSE is a relatively small stock exchange in comparison to the NYSE, with substantially different characteristics, the nature of the relationship may differ between the two exchanges. The study finds empirical evidence that this relationship between earnings and share returns is the same. As on the NYSE, accounting earnings disclosures in South Africa are found to have significant information content. Evidence is obtained which shows that accounting earnings do capture a significant portion of the information reflected in share returns, although they are not a timely source of information.
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    The role of the cash basis in limited purpose financial reporting
    (2010) Lotter, Willem Adriaan; Everingham, Geoff K
    The strictly regulated environment within which corporate accounting practice evolves, has traditionally paid little attention to the owner-managed corporation and the specific information needs of its owners. The literature, as well as recent corporate law amendments, though, hints strongly that owner-managed entities have different financial reporting priorities than their publicly accountable counterparts. This difference in financial reporting priorities calls for rethinking at the most fundamental level of financial reporting, i.e. accrual versus cash-basis financial reporting. This implies that the debate about the extent of sophistication that should be built into the accrual-basis model can only be conducted sensibly after the primary debate of accrual versus cash-basis, is resolved satisfactorily. The question as to whether measurement and recognition criteria within an accrual-basis model should be relaxed is therefore part of the secondary debate. The basic research question relates to the usefulness to owner-managers of cash-basis accounting compared to accrual-basis accounting. This thesis reports on the responses of 243 practising members of the South African Institute of Professional Accountants (SAIPA) regarding owner-manager needs and preferences regarding financial accounting recording and reporting practices. Semi- structured interviews were conducted with owner-managers to verify the understanding of the practitioners regarding owner-manager needs and preferences. The results showed and explained an apparent paradox: owner-managers have a strong cash focus in the way they understand and use financial information, but nevertheless prefer accrual-basis annual financial statements. The unresolved challenge identified by this study is to design a financial report which could better bridge the gap between accrual-basis and cash-basis accounting than the conventional statement of cash flow.
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    The use and perceived usefulness of IAS 29 general price level information in Zimbabwe
    (2003) Levy, Malcolm; Everingham, Geoff
    Hyperinflation, as defined in IAS 29, was identified in Zimbabwe in November 1999. Accordingly, the standard, and its General Price Level adjustments, was adopted for financial years beginning on 1st January 2000. However, there has been much resistance to the implementation of the standard, which is considered to require the provision of costly, meaningless information that is not used by anyone in the investment process. This study attempts to determine the use and perceived usefulness of IAS 29 in Zimbabwe and to identify the significant problems and weaknesses in the restatement process that have caused this. The study found both the use and perceived usefulness of IAS 29 General Price Level information to be extremely low. The major reason cited for this was the lack of user understanding. The other major problems related to the perception of inconsistent methods and assumptions in the restatement process, as well as the use of the CIP, accused of being manipulated by government, as the basis of restatement. These issues need to be addressed by the Institute of Chartered Accountants, in consultation with the other accounting regulatory bodies, before the use and perceived usefulness of the IAS 29 General Price Level information can improve. Further, the study indicates that, whilst the preparers of financial information are extremely undecided as to the manner in which the accounting regulatory bodies in Zimbabwe should proceed, the analysts using such information are very much in favour of retaining the disclosure of inflation adjusted figures in some form, until such time as the inherent usefulness of the information is either proved or disproved.