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Adjustments For ‘Extraordinary Items’In Smoothing Reported Profits of Listed Australian Companies: Some Empirical Evidence

Author

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  • Russell Craig
  • Paul Walsh

Abstract

Nothing is more likely to undermine the credibility of financial reporting than the suspicion that the results reported were predetermined and that the accounting methods used were selected to produce the results desired by the preparers of the report', Solomons (1983).

Suggested Citation

  • Russell Craig & Paul Walsh, 1989. "Adjustments For ‘Extraordinary Items’In Smoothing Reported Profits of Listed Australian Companies: Some Empirical Evidence," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 16(2), pages 229-245, March.
    • Handle: RePEc:bla:jbfnac:v:16:y:1989:i:2:p:229-245
    DOI: 10.1111/j.1468-5957.1989.tb00015.x
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    References listed on IDEAS

    as
    1. Ricks, We, 1982. "The Markets Response To The 1974 Lifo Adoptions," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 20(2), pages 367-387.
    2. White, Ge, 1970. "Discretionary Accounting Decisions And Income Normalization," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 8(2), pages 260-273.
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    Cited by:

    1. Vivien Beattie & Stephen Brown & David Ewers & Brian John & Stuart Manson & Dylan Thomas & Michael Turner, 1994. "Extraordinary Items And Income Smoothing: A Positive Accounting Approach," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 21(6), pages 791-811, September.

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