Episodes in the Australian tax accounting saga

Tax effect accounting was introduced into Australia a little over a decade ago. The treatment of the tax effect of losses carried forward and the trading stock valuation adjustment introduced further complications to this new aspect of corporate accounting and reporting. This paper presents an account of the resolution of these accounting issues. It covers the role of professional bodies, companies, and regulatory authorities and the conflicts which arose among them

Development of corporate accounting in Australia

Corporate accounting in Australia can be said to have passed through four phases. The initial phase involved the introduction of minimum standards of statutory disclosure. The second phase was largely an extension of these statutory requirements to include income statements and consolidated statements. This was followed by the activities of the accounting profession, stock exchanges and others to improve the details of disclosure

Edward Stamp: The Australian connection

There could be little dispute about the fact that the late Edward Stamp was inextricably involved with events surrounding the formation of the Accounting Standards Board as it came to be called in the United Kingdom. However, the power of his influence and the background driving his activities are matters of contention. This note suggests that commentators, while focusing on the United Kingdom, may have overlooked an important factor in the Australian connection

Finances of All Saints Church in Rome

The history of All Saints tells us that minute books and registers have survived from the first church. The register of services kept weekly and even daily since 1881 in the vestry of the two successive churches provides much information. The registers of baptisms, marriages and burials date from December 1825. The story of how these records survived two world wars is a romantic story of the courage and initiative of a trio of English matrons who had long resided in Rome with their Italian husbands

Gaussen account book of 1791 and the Sandby art collection

For a fuller account of the the Gaussen account book and the Sandby art collection, please consult: Faigan, Julian. Paul Sandby R.A.: the Collection in the City of Hamilton Art Gallery. M.A. thesis University of Melbourne, 1984

Letters sell at auction; Papers Presented at AAA meeting

Dr. Robert W. Gibson of Deakin University (Victoria, Australia) submitted the following news item which he clipped from the September 5, 1984, issue of the London Daily Telegraph. Dr. Gibson notes that this is a good example of the difficulties of keeping such archival collections together and available for study. Fortunately, copies are available in a British library

Development of auditing standards in Australia

The development of auditing standards in Australia occurred in three phases. The primary professional initiatives have come from the Institute of Chartered Accountants in Australia. The first phase was marked by F. E. Trigg\u27s presentation to the Australian Congress on Accounting in 1948. In this work Trigg relied heavily on English practice and thought. The second phase was largely a period of inactivity so far as auditing standards were concerned because of concern for other matters of greater urgency. The third phase was marked by the adoption of American ideas and, partly in response to continuing criticism of accounting, a commitment to the continuing review of auditing standards

Whitaker Wright

Fraud is a significant problem for contemporary businesses, but it is not a new problem. Business fraud was common during the 1890s. This paper examines several accounting issues that were central to Whitaker Wright\u27s trial

Structure in the Disk of epsilon Aurigae: Analysis of the ARCES and TripleSpec data obtained during the 2010 eclipse

Context: Worldwide interest in the recent eclipse of epsilon Aurigae resulted in the generation of several extensive data sets, including those related to high resolution spectroscopic monitoring. This lead to the discovery, among other things, of the existence of a mass transfer stream, seen notably during third contact. Aims: We explored spectroscopic facets of the mass transfer stream during third contact, using high resolution spectra obtained with the ARCES and TripleSpec instruments at Apache Point Observatory. Methods: One hundred and sixteen epochs of data between 2009 and 2012 were obtained, and equivalent widths and line velocities measured, selected according to reports of these being high versus low eccentricity disk lines. These datasets also enable greater detail to be measured of the mid-eclipse enhancement of the He I 10830A line, and the discovery of the P Cygni shape of the Pa beta line at third contact. Analysis: We found evidence of higher speed material, associated with the mass transfer stream, persisting between third and fourth eclipse contacts. We visualize the disk and stream interaction using SHAPE software, and use CLOUDY software to estimate that the source of the enhanced He I 10830A absorption arises from a region with log n = 10 (/cm3) and temperature of 20,000 K consistent with a mid B type central star. Results and Next Steps: Van Rensbergen binary star evolutionary models are somewhat consistent with the current binary parameters for the case of a 9 plus 8 solar mass initial binary, evolving into a 2.3 and 14.11 solar mass end product after 35 Myr. Prior to the next eclipse, it is possible to make predictions which suggest that continued monitoring will help resolve standing questions about this binary