Publications: Accounting & Finance

Accounting & Finance - Listed in Thomson Scientific's Social Sciences Citation Index, is edited by Professor Gary Monroe.

AFAANZ members have full online access to Accounting & Finance Journal by accessing the Journal online via the Wiley Online Library.  Access the journal through the dropdown menu on the AFAANZ website: Research>Journal (Member access), direct link https://www.afaanz.org/resources/member-access

Keep up to date with the latest table of contents, emailed directly to your desktop, by registering for free E-Alerts at https://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-629X

The Accounting & Finance Apple app is also available on iTunes.  Access it by clicking here.

Call for Papers

Special Issue on Reporting and Assurance of Climate-related and Other Non-financial Information

The due date for submissions for this special issue is 1 August 2023.  All details are available HERE

The guest editors are

Accounting and Finance Special Issue

Research on Application and Impact of the hedge accounting requirements of IFRS 9 Financial Instruments

Opportunity to discuss research evidence with IASB staff/board members

Opportunity to show impact of your research

Accounting and Finance is pleased to announce a call for papers for a Special Issue of the journal on the topic of the application and impact of the hedge accounting requirements in IFRS 9 Financial Instruments (and related new disclosure requirements in IFRS 7 Financial Instruments: Disclosures).

Papers published in the Special Issue should be relevant to the International Accounting Standards Board’s (IASB) post-implementation review of IFRS 9 Hedging requirements. The IASB seeks evidence about: whether the requirements are working as intended; any important or contentious issues that have come to the attention of the IASB; and any unexpected costs or implementation issues. The IASB will consider when to begin the review in the second half of 2023.

Changes to IFRS 9 Hedging model

The changes in hedge accounting requirements introduced by IFRS 9 aimed to provide a better link between a company’s financial reporting and its risk management activities. Changes included the following:

  1. Allowing hedging of components of non-financial items to allow companies to better reflect risk management.

  2. New eligibility criteria for hedging based on economic assessment of hedging relationships. The application of these criteria can use risk management data and may reduce the cost of hedge accounting.

  3. Improved disclosures about the effect of hedging on the financial statements and risk management activities.

Aim and content of submitted papers

Papers should investigate the impact of these changes for financial sector and non-financial entities that have adopted the hedging model in IFRS 9. They should present evidence about the impact of the change for one or more stakeholder groups (including investors, preparers, auditors, and regulators) and include consideration of outcomes and consequences of adoption the new hedging requirements. Both quantitative and qualitative research approaches are welcome. Suggestions for research include, but are not limited to, the following:

1. Textual analysis of disclosures about hedging activities and risk management.

  • How have disclosures (and disclosure quality) changed? Has the usefulness of disclosures for investors improved?

  • What factors are associated with better hedge accounting disclosures?

  • What costs or benefits of better disclosure are observed?

2.    Experiments

  • To what extent do the new disclosures facilitate improved understanding of risk management or the impact of hedge accounting on the financial statements?

3.    Structured interviews, case studies, and focus groups to explore

  • Costs, benefits, and transition experience for companies that have adopted IFRS 9.

  • Benefits for users of more transparent disclosures about hedging activities and risk management.

4.    Empirical archival research using a pre-post design including companies adopting IFRS 9 and those continuing to use IAS 39 for hedging.

What are the determinants of adopting IFRS 9?

  • Have companies changed their use of hedging, and is this associated with better risk management outcomes?

  • What are the market impacts of the new hedging requirements?

Papers using analytical approaches, empirical-archival methods, field study methods, experiments, or structured interviews are encouraged. Single country or multi country studies are welcome. Papers submitted to the Special Issue offer authors the opportunity to contribute to the work of the IASB and to demonstrate the impact of their research. Authors should explain how their paper is relevant to the IASB and how the evidence is useful for the post-implementation review.

The Appendix lists sources of additional information on the hedge accounting requirements in IFRS 9.

Authors of selected papers will be invited to present their work at an on-line research workshop with the Special Issue editors and IASB staff/board members in October 2023. The workshop will provide an opportunity to discuss the research methods and findings. 

Papers must be submitted via the online system no later than 1 September 2023. Early submission is encouraged. Decisions on submitted papers will be made by 8 October 2023.

To submit your paper, please  follow the Accounting & Finance Author Guidelines at https://onlinelibrary.wiley.com/page/journal/1467629x/homepage/forauthors.html.

Please submit your paper for consideration under the Special Issue Code – IFRS 9.

Special Issue Guest Editors

  • Holger Daske, University of Mannheim, holger.daske@uni-mannheim.de

  • Kevin Li, University of New South Wales, k.li@unsw.edu.au

  • Lili Dai, University of New South Wales, lili.dai@unsw.au

Please email the guest editors if you have any questions.

Appendix: Additional information about the hedge accounting requirements in IFRS 9

  1. Overview of IFRS 9:  https://www.ifrs.org/issued-standards/list-of-standards/ifrs-9-financial-instruments/

  2. List of supporting materials: IFRS - Financial Instruments: Hedge Accounting

  3. Project Summary:  IFRS 9_FI_Hedge Accounting_Amendments_FBS_Snapshot_NOVEMBER 2013.indd

  4. Articles: https://www.ifrs.org/-/media/feature/resources-for/investors/investor-perspectives/investor-perspective-jul-2014.pdf

With the journal’s move to online only publication in 2023, the MD-POD program gives AFAANZ members who still wish to receive hard copies the ability to order a printed volume subscription at a heavily discounted rate.

How?

  1. Members navigate to Sheridan’s webstore and click through to Accounting & Finance: https://ondemand.sheridan.com/collections/wiley-accounting-finance
  2. Members select “Print subscription” option, enter their region and quantity, then select add to cart. The full price will still be shown.
  3. Members proceed to check out and enter the following discount code in the relevant field: 2TYRF9KMM8DH
  4. The discount will be applied and members can then enter their preferred mailing address and process the payment as normal.

Cost? The cost for an entire printed volume is as follows:  USA $121.47, UK $100.82, EUR $113.54 and ROW $166.16

Considerations?

  • The discount code is valid until 31 Jan 2024
  • The member discount is only available on purchases of the full volume. Single issue purchases are subject to full price

A&F Journal Specialisations and Editors

Please click HERE to see the list of Accounting & Finance editors.

The Board is striving to have representation of all the different research interests of our members among the editors, in order to make the journal representative of the broad range of interests in the AFAANZ community. These editors can also handle a broad range of research methodologies, as indicated.

We would like to encourage our members to submit papers on all aspects of accounting and finance research. In particular, please consider submitting papers that has been accepted for, or presented at, our conferences in all the various streams and topics we include in our conference program. Please contact info@afaanz.org if there are research interests and/or methods not represented by our editors.

If you are not an AFAANZ member, but would like to submit a paper, you can pay the submission fee HERE. The submission fee gives you member access for the current calendar year.

Peter Brownell Manuscript Award is awarded to the best article published in the A&F Journal.  Click HERE to see the recipients of the award since 1986.