QUT ePrints

Quarterly cash flow reporting – is it useful?

Gallery, Gerry T., Gallery, Natalie, & Sidhu, Baljit K. (2004) Quarterly cash flow reporting – is it useful? InFinsia: journal of Finsia, Financial Services Institute of Australasia, pp. 14-18.

Abstract

In contrast to requirements in many overseas jurisdictions, there is no general mandate for companies listed in Australia to produce quarterly financial reports. Instead, Australian regulators have adopted half-year financial reporting supplemented by continuous reporting of price-sensitive information. One exception is the Australian Stock Exchange (ASX), which requires certain types of entities to report quarterly. For many years mining exploration companies have been required to lodge quarterly cash flow and activities reports. More recently, the ASX extended quarterly cash flow reporting to companies classified as commitments test entities (CTEs) in order to address governance issues associated with these higher-risk entities. Previously, such entities were generally prohibited from ASX listing. This article analyses the evolution of this little-known new quarterly reporting rule over its first four years of operation; evaluates quarterly cash flow reporting as a monitoring mechanism for what has grown to be a significant number of small-cap companies; and concludes with suggestions for improvement.

Impact and interest:

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:

312 since deposited on 01 Sep 2006
18 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: 4916
Item Type: Journal Article
Additional URLs:
Keywords: Quarterly reporting, cash flows, Commitments test entities, ASX Listing Rules
ISSN: 1833-1602
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 2004 (The authors) and Financial Services Institute of Australasia
Copyright Statement: Reproduced in accordance with the copyright policy of the publisher.
Deposited On: 01 Sep 2006
Last Modified: 29 Feb 2012 23:21

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page