Financial Reporting

The Financial Reporting Special Interest Group aims to develop a supportive environment for accounting academics and research students in Australia and New Zealand who are engaged in, or wish to engage in financial reporting and other financial accounting research and/or teaching

Activities

1. Providing a forum for dialogue between academics and practitioners on current and emerging professional issues in relation to financial reporting and pronouncements from the accounting standard setters.
2. Disseminating information and communicating members' research interests and emerging issues in research.
3. Providing opportunities to present new research ideas and work-in-progress in supportive workshops with more time than is usually available at a conference.
4. Initiating, encouraging and facilitating collaborative research.
5. Encouraging both new and established researchers in financial reporting and financial accounting research using a variety of methods.

Members

The Financial Reporting (fmr Accounting Standards) Special Interest Group was established in 1995 and currently has approximately 70 members. SIG 3 membership is open to all accounting academics and PhD accounting students.

FINANCIAL REPORTING INTEREST GROUP

2024 FINANCIAL REPORTING FORUM JUNE 30

At the 2024 Financial Reporting Forum we will celebrate 30 years of engagement with the standard setters in Australia and New Zealand. Warren McGregor who was at the time Director of the Australian Accounting Research Foundation returned from the AAA conference in the US where he participated in a Roundtable event with AAA and the FASB. Warren contacted Ken Leo, Phil Hancock and Bryan Howieson and suggested a similar event be held in Australia. As a result, SIG 3 was formed with Ken Leo as the first Chair and Bryan Howieson and Phil Hancock on the committee. Janice Loftus and Tony van Zijl soon joined the committee and the first Forum was held in Melbourne in 1995.

This year we will hold the Forum on June 30 in Auckland. We will be starting around 2pm and not the usual 9am start time as we will hold a joint session with the Auditing and Assurance SIG on the proposed restructure of standard setting arrangements in Australia. This will be a panel session, followed by drinks and some food with our colleagues from the Auditing and Assurance SIG and celebrate our 30^th birthday!! The format will start with a few words from Kevin Stevenson on the SIG as it is our 30^th birthday and will include a session with the various accounting standard setting bodies making presentations on current reporting issues. This will include a comprehensive update but with particular focus on hot topics on the agenda.  We will also have a session devoted to presentations by PhD students, established academics and practitioners.

HDR PRESENTATIONS: CALL FOR ABSTRACTS

We invite students working on PhD (or Master) projects in financial reporting especially projects that are likely to have significant relevance to accounting standards to present papers on their research. This is an opportunity for research students to obtain valuable feedback from an audience with a strong interest in financial reporting. If you are working on a topic for a higher research degree that is likely to have significant relevance to accounting standards and you would like to nominate for the afternoon session you should e-mail an abstract of no more than 300 words to Phil Hancock. (phil.hancock@uwa.edu.au) no later than May 15. Applicants will be notified by May 22. If you would like more details, call Phil on 61 8 6488 1835.

ACADEMICS AND PRACTITIONERS: CALL FOR PAPERS

The Forum also provides an opportunity for the academic and practitioner communities to show the standard setters that some academic research currently in progress in Australia and New Zealand that may be very relevant to them as standard setters. We invite interested academics and practitioners to submit papers on any topic related to financial reporting/accounting. Full papers or abstracts of 300 words maximum will be considered for acceptance. These should be sent to janice.loftus@adelaide.edu.au no later than May 15. Applicants will be notified by May 22. Full papers for successful applicants will be required by June 23.

So, register HERE for the forum either in person or online and hear from the accounting standard setters in Australia and New Zealand.

Phil Hancock

Chair

Financial Reporting SIG event

Thank you to our members for making the workshop a very successful event.  Please find below the slideshows available to download:

• Climate Related Disclosures - an Update:  April McKenzie
• Accounting Standards Update: Anthony Heffernan, Gali Slyuzberg & Jamie Cattell
• The Australian Standard Setters' Responses to Current Challenges Facing Financial Reporting:  Mark Shying

Joining the Financial Reporting Special Interest Group

To become a member of the Financial Reporting SIG you will first need to become a member of AFAANZ. 

To become an AFAANZ member, the fee is $125 plus GST (Australia residents) and $125 for those residing outside Australia.  Note that membership is based on a calendar year.

The fee for the Financial Reporting SIG is AU$22 including GST for applicants residing in Australia and AU$20 for applicants residing outside Australia. Click on the purchase button to gain access to this SIG. You may also "Join this Group" further below to be keep up to date with the latest news and events.

Forum

Each year the SIG holds a forum prior to the AFAANZ Conference. The SIG Annual General Meeting is held at the conclusion of the Forum. 

Elected Officers

Contact

For more information on the Financial Reporting SIG please contact:

Professor Phil Hancock
UWA Business School - Accounting and Finance
The University of Western Australia

35 Stirling Highway CRAWLEY WA 6009
Australia

Email: phil.hancock@uwa.edu.au

Phone: +61 8 6488 1835