QUT ePrints

The rise and demise of abnormal items

Cameron, Robyn & Gallery, Natalie (2008) The rise and demise of abnormal items. Australian Accounting Review, 18(44), pp. 63-70.

View at publisher

Abstract

Before 2001, Australian companies reported abnormal items on the face of the income statement or by way of note. In response to perceived abuses in classifying items as abnormal, AASB 1018 was reissued in October 1999 with the reference to abnormal items removed. We analyse the implications of the changes to accounting standard requirements relating to abnormal items, and examine whether there is empirical evidence of opportunistic classification of operating profit items as abnormal. Our results suggest that some companies may have opportunistically classified large expense items as "abnormal" to boost their reported "normal" earnings number.

Impact and interest:

3 citations in Scopus
Search Google Scholar™
1 citations in Web of Science®

Citation countsare sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

2,356 since deposited on 30 Apr 2008
712 in the past twelve months

Full-text downloadsdisplays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 13390
Item Type: Journal Article
Keywords: Financial reporting, Accounting standards, Abnormal items, Special items, Earnings management
DOI: 10.1111/j.1835-2561.2008.0007.x
ISSN: 1035-6908
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Financial Accounting (150103)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2008 Blackwell Publishing
Copyright Statement: The definitive version is available at www.blackwell-synergy.com
Deposited On: 30 Apr 2008
Last Modified: 29 Feb 2012 23:41

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page