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An analysis of the qualitative characteristics of management commentary reporting by New Zealand companies

Chatterjee, Bikram, Tooley, Stuart, Fatseas, Vic, & Brown, Alistair (2011) An analysis of the qualitative characteristics of management commentary reporting by New Zealand companies. Australasian Accounting Business and Finance Journal, 5(4), pp. 43-64.

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Abstract

The narrative section of annual reports has considerable value to its user groups, such as financial analysts and investors (Tiexiera, 2004; Barlett and Chandler, 1997, IASB, 2006). This narrative section including chairpersons’/presidents’ statement contains twice the quantity of information than the financial statements section (Smith and Taffler, 2000). However, the abundance of information does not necessarily enhance the quality of such information (IASB, 2006). This issue of qualitative characteristics has been long foregone by researchers. This issue has attracted the attention of IASB (2006). Following the dearth in research in regard to qualitative characteristics of reporting this paper explores whether investors’ required qualitative characteristics as outlined by the IASB (2006) have been satisfied in management commentary section of New Zealand companies’ annual reports. Our result suggests that the principal stakeholders’, that is, investors’ qualitative characteristics requirements have been partially met in this section of annual reports. The qualitative characteristic of ‘relevance’ and ‘supportability’ have been satisfied in more annual reports compared to that of ‘balance’ and ‘comparability.’

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ID Code: 48287
Item Type: Journal Article
Additional URLs:
Keywords: Management commentary, New Zealand companies, Qualitative characteristics
ISSN: 1834-2000
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Auditing and Accountability (150102)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright ©2012 Australasian Accounting Business and Finance Journal and Authors.
Deposited On: 30 Jan 2012 08:38
Last Modified: 02 Feb 2012 07:49

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