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Full-Text Articles in Social and Behavioral Sciences
Accounting: In Crisis Or Ascendancy?, Indra Abeysekera
Accounting: In Crisis Or Ascendancy?, Indra Abeysekera
Faculty of Commerce - Papers (Archive)
Recent corporate failure has challenged the credibility of the accounting profession, leading many stakeholders to question the usefulness of financial reports for decision-making. This paper examines fluctuations in the accounting profession’s authoritative influence over accounting standard setting and financial reporting. It focuses on the period following the collapse of the HIH Group in 2002, with contextual reference to earlier periods. It then outlines the submissions made by the accounting profession, actuaries and regulatory institutions to the Royal Commission Inquiry into the collapse of the HIH Group. These submissions are analysed in relation to the profession promoting functionally defined interests and …
An Empirical Investigation Of Annual Reporting Trends Of Intellectual Capital In Sri Lanka, Indra Abeysekera, J. Guthrie
An Empirical Investigation Of Annual Reporting Trends Of Intellectual Capital In Sri Lanka, Indra Abeysekera, J. Guthrie
Faculty of Commerce - Papers (Archive)
This study examines the annual reports of each of the top 30 firms listed on the Colombo Stock Exchange in the period 1998/1999 to 1999/2000, using the ‘content analysis’ method. The findings indicate that the most reported accounting category during this period was external capital and the second most reported was human capital. There was an increase in the frequency of intellectual capital reporting over the 2 years, which this paper explains using political economy of accounting theory. Interestingly, the individual intellectual capital items of each capital category reported by firms in Sri Lanka differed from those found in other …