Observing the PSASB: ED 50 and the recognition of infrastructure assets

Australian Accounting Review

Volumn 7, Issue 14, 1997, Pages 30-39

  Carnegie, Garry ^a   West, Brian ^b  

^a DEAKIN UNIVERSITY   (Australia)

^b UNIVERSITY OF BALLARAT   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0004283673     PISSN: 10356908     EISSN: 18352561     Source Type: Journal    
DOI: 10.1111/j.1835-2561.1997.tb00033.x     Document Type: Article

References (60)

1. Australian Accounting Research Foundation, 1989, ED 49 Accounting for Identifiable Intangible Assets.
2. Australian Accounting Research Foundation, 1990, ED 50 Financial Reporting by Local Governments.
3. Australian Accounting Research Foundation, 1992, media release “Accounting for Identifiable Intangible Assets”.
4. Australian Accounting Standards Board and Public Sector Accounting Standards Board, 1993, Policy Statement 1 The Development of Statements of Accounting Concepts and Accounting Standards (POL 1).
5. Australian Accounting Standards Board and Public Sector Accounting Standards Board, 1995, Policy Statement 5 The Nature and Purpose of Statements of Accounting Concepts (POL 5).
6. Australian Society of Certified Practising Accountants and Institute of Chartered Accountants in Australia, 1985, “Foreword to Statements of Accounting Concepts and Statements of Accounting Standards.
7. Booth, P., and N. Cocks, 1990, “Critical Research in Accounting Standard-setting”, Journal of Business Finance and Accounting, Vol. 17, Autumn, pp. 511–28.
8. Boreham, T., 1993, “Concept Rumblings Grow into Chorus of Discontent”, Business Review Weekly, 28 May, pp. 84–5.
9. Boreham, T., 1994, “Valuing Heritage Assets: Is it Worth the Cost and Trouble?”, Business Review Weekly, 14 November, pp. 116–18.
10. Boreham, T., 1995, “Council Asset Valuation Opens Up a Can of Worms”, Business Review Weekly, 4 September, pp. 80–1.
11. Brisbane City Council, 1993, Accounting Concepts for Management Accountability in Local Government, Brisbane.
12. Brisbane City Council, annual reports 1992/93, 1993/94, 1994/95.
13. Burritt, R.L., M. McCrae and C. Benjamin, 1996, “What is a Public-Sector Asset?”, Australian Accounting Review, Vol. 5, March, pp. 23–8.
14. Carnegie, G.D., and P.W. Wolnizer, 1995a, “The Financial Value of Cultural, Heritage and Scientific Collections: An Accounting Fiction”, Australian Accounting Review, Vol. 5, June, pp. 31–47.
15. Carnegie, G.D., and P.W. Wolnizer, 1995b, “Call for a Range of Operating Performance Measures”, letter, New Accountant, 22 June, p. 12.
16. Carnegie, G.D., and P.W. Wolnizer, 1996, “Enabling Accountability in Museums”, Accounting, Auditing and Accountability Journal, Vol. 9, No. 5, pp. 84–99.
17. Chambers, R.J., 1973, “Accounting Principles or Accounting Policies?”, Journal of Accountancy, Vol. 135, May, pp. 48–53.
18. Chua, W.F., and A. Sinclair, 1994, “Interests and the Profession-State Dynamic: Explaining the Emergence of the Australian Public Sector Accounting Standards Board”, Journal of Business Finance and Accounting, Vol. 21, No. 5, July, pp. 669–705.
19. Clark, C., 1994, “Valuing Heritage Assets”, letter, Business Review Weekly, 12 December, p. 105.
20. Coleman, M., 1996, “Valuation of Public Sector Assets – Where are We At?”, The Valuer and Land Economist, Vol. 34, No. 3, August, pp. 236–43.
21. Connelly, P., 1995, “Accountant Slams City's Pine-in-the-sky Valuation”, The Warrnambool Standard, 3 June, p. 3.
22. Coombes, R.J., and D.J. Stokes, 1985, “Standard-setters' Responsiveness to Submissions on Exposure Drafts: Australian Evidence”, Australian Journal of Management, Vol. 10, December, pp. 31–45.
23. Currie, C., P. Robinson and R.G. Walker, 1987, “Political Activity and the Regulation of Accounting: Gaps in the Literature”, University of New South Wales School of Accountancy Working Paper No. 72.
24. Deegan, C., R. Morris and D. Stokes, 1990, “Audit Firm Lobbying on Proposed Disclosure Requirements”, Australian Journal of Management, Vol. 15, December, pp. 261–80.
25. Falk, H., and J. Neilson, 1993, “Financial Reporting by Local Government and the Disproportionate Requirements of AAS 27”, Australian Accounting Review, Vol. 1, November, pp. 55–61.
26. Gavens, J.J., G.D. Carnegie and R.W. Gibson, 1989, “Company Participation in the Australian Standard Setting Process”, Accounting and Finance, Vol. 29, November, pp. 47–58.
27. Gerboth, D.L., 1973, “Research, Intuition, and Politics in Accounting Inquiry”, The Accounting Review, Vol. 48, July, pp. 475–82.
28. Gibson, R.W., 1980, “The Public Comment Procedures in the Setting of Accounting Standards”, in D. M. Emanuel and I. C. Stewart (eds), Essays in Honour of Trevor R. Johnston, University of Auckland.
29. Godfrey, J., A. Hodgson and S. Holmes, 1997, Accounting Theory (3rd ed.), John Wiley, Brisbane.
30. Greenall, D.T., J. Paul and P. Sutcliffe, 1988, “Financial Reporting by Local Governments”, Australian Accounting Research Foundation Discussion Paper No. 12, Melbourne.
31. Griffin, D., 1995, “Valuing Heritage Assets is Costly and Irrelevant”, letter, New Accountant, 31 August, p. 12.
32. Harris, A.C., 1995, “Don't Miss Out On Valuing Those Heritage Assets”, letter, New Accountant, 8 June, p. 12.
33. Hines, R., 1983, “Economic Consequences of Accounting Standards: A Good Reason for a Representative ASRB”, The Chartered Accountant in Australia, Vol. 54, July, pp. 24–7.
34. Hines, R., 1987, “Financial Accounting Standard Setting: From Truth to Due Process”, The Chartered Accountant in Australia, Vol. 58, July, pp. 30–3.
35. Hope, T., and R. Gray, 1982, “Power and Policy Making: The Development of an R&D Standard”, Journal of Business Finance and Accounting, Vol. 9, Winter, pp. 531–57.
36. Local Government Finance Standard 1994, Queensland Parliament.
37. MacArthur, J.B., 1988, “An Analysis of the Content of Corporate Submissions on Proposed Accounting Standards in the U.K.”, Accounting and Business Research, Vol. 18, Summer, pp. 213–26.
38. McKenna, M., 1993, “SAC Debate is a Healthy Phenomenon”, New Accountant, 8 July, p. 14.
39. Miller, M.C., and Loftus, J.A., 1993, “SAC 4 and the Challenge to the Mandatory Status of Concepts Statements”, Australian Accounting Review, Vol. 3, May, pp. 2–10.
40. Morey, L., 1937, “Progress Toward Accepted Principles of Municipal Accounting”, Journal of Accountancy, Vol. 63, January, pp. 127–38.
41. Morris, R.D., 1986, “Lobbying on Proposed Accounting Standards”, The Chartered Accountant in Australia, Vol. 57, March, pp. 46–57.
42. Paul, J., 1991, “PSASB Finalises Accounting Standard on Financial Reporting by Local Governments”, AARF Report, No. 6, June, pp. 8–9.
43. Parker, L., 1995, “Price Tags Not Needed on Every Heritage Item”, letter, Business Review Weekly, 30 January, p. 80.
44. Public Sector Accounting Standards Board, 1991, Australian Accounting Standard AAS 27 Financial Reporting by Local Governments (revised 1996).
45. Queensland Audit Office, 1994, “Land Under Roads”, Policy Paper, August.
46. Rowles, T.R., 1992, “Financial Reporting of Infrastructure and Heritage Assets by Public Sector Entities”, Discussion Paper No. 17, Australian Accounting Research Foundation, Melbourne.
47. Rowles, T.R., 1993, “Comment: In Defence of AAS27”, Australian Accounting Review, Vol. 3, November, pp. 61–4.
48. Solomons, D., 1978, “The Politicization of Accounting”, Journal of Accountancy, Vol. 146, November, pp. 65–72.
49. Sterling, R.R., 1975, “Toward a Science of Accounting”, Financial Analysts Journal, September/October, pp. 28–36.
50. Tamlin, A.R., 1996, “The Valuation of Land Under Roads”, The Valuer and Land Economist, Vol. 34, No. 3, August, pp. 230–35.
51. Thurlow, C., 1993, “City Assets Valued at $11.5b”, Courier Mail, 15 November, p. 25.
52. Tutticci, I., K. Dunstan and S. Holmes, 1994, “Respondent Lobbying in the Australian Accounting Standard-setting Process: ED49. A Case Study”, Accounting, Auditing and Accountability Journal, Vol. 7, pp. 86–104.
53. Walker, R.G., 1987, “Australia's ASRB. A Case Study of Political Activity and Regulatory ‘Capture’”, Accounting and Business Research, Vol. 16, Summer, pp. 269–86.
54. Walker, R.G., 1995a, “Why Valuing Heritage Assets is Archaic”, New Accountant, 11 May, pp. 11–13.
55. Walker, R.G., 1995b, “Pine in the Sky Heritage Asset Values”, New Accountant, 22 June, pp. 11–12.
56. Walker, R.G., and P. Robinson, 1993, “A Critical Assessment of the Literature on Political Activity and Accounting Regulation”, Research in Accounting Regulation, Vol. 7, pp. 3–40.
57. Watts, R.L., and J.L. Zimmerman, 1986, Positive Accounting Theory, Prentice Hall, Englewood Cliffs, NJ.
58. Williams, R.W., 1996, “Theories and Methodologies in NSW Public Sector Asset Valuation: The Treasury Perspective of the Debate Between the Property Managers and the Accountants”, The Valuer and Land Economist, Vol. 34, No. 3, August, pp. 224–29.
59. Young, J.J., and T. Mouck, 1996, “Objectivity and the Role of History in the Development and Review of Accounting Standards”, Accounting, Auditing and Accountability Journal, Vol. 9, No. 3, pp. 127–47.
60. Young, P., 1994, “Market Valuation With No Market – Valuing Properties With Little Evidence”, Journal of Property Valuation and Investment, Vol. 12, pp. 9–27.