Has IFRS resulted in information overload?

The move to NZ IFRS has been surrounded by complaints of too much information being provided. This is not simply a matter of the cost of providing the information, but the possibility of data overload. Data overload is an important issue as it impacts information search strategies and decision outcomes. This relevant for the current debate on differential reporting and for assessing whether NZ IFRS has achieved its goals of reducing the cost of financial analysis. The purpose of this paper is to examine the impact of the move to international financial reporting by New Zealand listed entities on the quantity of data provided in the annual report. Our analysis shows that the annual report increased for 92% of our sample firms. The average increase in size was 29% of the prior years‟ annual report and arose through notes to the accounts and accounting policies. Even after transitional information (e.g., accounting policies and reconciliations) the increase is 15%

Value Relevance of Control-based Consolidated Financial Statements

The study examines whether the switch from ownership-based guidelines for control under SSAP-8 to the principles-based guidelines (power and benefits) of FRS-37 increased the value relevance of consolidated financial statements in New Zealand. The adoption of FRS-37 led to an increase in value relevance of consolidated assets and liabilities (at the 5 percent level). Only weak evidence was found to support the view that FRS-37 was not effective (less value relevant) for entities with a large number of subsidiaries (as a proxy for investment complexity) and associates are less value relevant. The is evidence that investors view non-controlling as a liability, which does not support its presentation as equity (under IFRS 10)

X-ray Flares from Markarian 501

Motivated by the recent finding of hierarchical X-ray flaring phenomenon in Mrk 421, we conducted a systematic search for X-ray flares from Mrk 501, another well-known TeV blazar, by making use of the rich {\em RXTE} archival database. We detected flares over a wide range of timescales, from months down to minutes, as in the case of Mrk 421. However, the flares do not seem to occur nearly as frequently in Mrk 501 as in Mrk 421 on any of the timescales. The flaring hierarchy also seems apparent in Mrk 501, suggesting that it might be common among TeV blazars. The results seem to imply a scale-invariant physical origin of the flares (large or small). The X-ray spectrum of the source shows a general trend of hardening toward the peak of long-duration flares, with indication of spectral hysteresis, which is often seen in TeV blazars. However, the data are not of sufficient quality to allow us to draw definitive conclusions about spectral variability associated with more rapid but weaker flares. We critically examine a reported sub-hour X-ray flare from Mrk 501, in light of intense background flaring activity at the time of the observation, and concluded that the flare is likely an artifact. On the other hand, we did identify a rapid X-ray flare that appears to be real. It lasted only for about 15 minutes, during which the flux of the source varied by about 30%. Sub-structures are apparent in its profile, implying variabilities on even shorter timescales. Such rapid variabilities of Mrk 501 place severe constraints on the physical properties of the flaring region in the jet, which have serious implications on the emission models proposed for TeV blazars.Comment: 23 pages, 11 figures, accepted for publication in Ap

Queer(y)ing Consumerism: Butch Identity Expression and Consumer Culture

When we think about how our identities are constructed and expressed, how often do we consider the importance of physical and material signifiers? For many butch-identified lesbians, physical and material signifiers play a strong role in expressing identity, requiring the consumption of commodities in order to be read as “butch.” But what happens when these resistant commodities become marketable? Perhaps the physical signifiers of butch identity are initially donned as resistance, but the line between being a resistor and being a passive subject becomes blurred when resistance or transgressive behavior requires participation in broader capitalist culture. When butch identity is predominantly caught up in expressions of style—through attention paid to desired attire and clothing—butch identity may become an identity simply of style, stripped of the historically significant elements of gender resistance and social activism. Building on Barry Brummett’s foundational work A Rhetoric of Style and Dick Hebdige’s Subculture: The Meaning of Style, this thesis will explore how butch identity and style are connected to capitalism and consumerism. While butch subjects participate in capitalist consumer culture within print and web media, it is primarily in print media where we see the complex relationships between style, identity, and consumer capitalism. Narratives of butch identity on the web, by contrast, are comparatively limited in their critical analysis, a finding that is surprising given the typical assumption that online spaces are more democratic or open for individual expression. An analysis of these media therefore addresses the tension between resisting and participating in dominant culture. By considering opportunities for disidentification in both contemporary lesbian print culture and butch online spaces, it becomes apparent that there are radical opportunities to queer the butch subculture’s relationship with consumerism and capitalism

Role of community drug and alcohol services in physical healthcare for people who use illicit opioids: a qualitative study of clinical staff in the UK

Objectives: To understand how clinicians working in addiction services perceive their responsibilities for physical healthcare of clients who use opioids, and how physical healthcare could be improved for this group. Design: Qualitative study comprising semistructured interviews. Participants: 16 clinicians, including nurses and nurse practitioners, nurse consultants, addiction psychiatrists, specialist general practitioners and psychiatry specialty registrars. Setting Community-based drug and alcohol treatment services in the UK, with services including outpatient opioid agonist therapy. Results: We identified three overarching themes. First, clients have unmet physical health needs that are often first identified in community drug and alcohol services. Participants reported attempts to improve their clients’ access to healthcare by liaising directly with health services and undertaking other forms of health advocacy, but report limited success, with many referrals ending in non-attendance. Second, most participants saw their role as supporting access to mainstream health services rather than providing physical healthcare directly, though sometimes reported frustration at being unable to provide certain treatments such as antibiotics for a respiratory infection. A minority of participants felt that people who use illicit opioids would be best served by an integrated ‘one-stop-shop’ model, but felt this model is currently unlikely to receive funding. Third, participants felt isolated from other health services, in part due to commissioning arrangements in which funding is provided through local government rather than the National Health Service. Conclusions: Clinicians participating in this study serve a patient group with unmet physical health needs, but lack the resources to respond effectively to these needs