http://hdl.handle.net/1893/3491 Electronic copies of Accounting and Finance research reports. Sat, 03 Oct 2026 23:21:23 GMT 2026-10-03T23:21:23Z http://hdl.handle.net/1893/33189 Title: Climate change risk-related disclosures in extractive industries Author(s): Baboukardos, Diogenis; Dionysiou, Dionysia; Slack, Richard; Tsalavoutas, Ioannis; Tsoligkas, Fanis Abstract: Climate change has been increasingly (and more urgently) recognised by governments and supranational organisations as one of the main risks that the planet and mankind are facing. A number of recent prominent initiatives, notably the 2015 Paris Agreement and the UN Sustainable Development Goals, aim at mitigating this risk by reducing emissions and, hence, restraining global warming. These developments have a direct impact on the business world and serious implications for specific industries: primarily the extractive industries, which face an urgent need to alter their operations substantially in order to survive in this new reality. Considering that companies in the extractive industries are responsible for almost half of global greenhouse gas (GHG) emissions (IRP 2019), climate change can no longer be seen as a side effect of their operations but as central issue for their business model and a core business risk. Fri, 01 Jan 2021 00:00:00 GMT http://hdl.handle.net/1893/33189 2021-01-01T00:00:00Z http://hdl.handle.net/1893/33182 Title: The capitalisation of intangibles debate: accounting for exploration and evaluation expenditure in extractive activities. Author(s): Constantatos, Anna-Fani; Dionysiou, Dionysia; Slack, Richard; Tsalavoutas, Ioannis; Tsoligkas, Fanis Abstract: There are concerns that financial statements no longer reflect the underpinning drivers of value in modern business (Bernanke 2011; Haskel and Westlake 2017; Lev and Gu 2016). Such concerns are particularly relevant to accounting for internally generated intangible assets and intangibles in general. International Accounting Standard (IAS) 38 Intangible Assets, which governs the treatment of the capitalisation of development costs, has been characterised as a standard reflecting prudence and conservatism with a corresponding prevalence of expensing (Mazzi et al. 2019a). Nonetheless, there is significant lack of evidence about the extent to which companies capitalise other internally generated intangible assets, especially those that fall outside the scope of IAS 38. In this research, we complement the study by Mazzi et al. (2019a) and focus on the accounting treatment of Exploration and Evaluation expenditure (hereafter E&E) by companies in the extractive industry (hereafter EI). E&E expenses include: the acquisition of rights to explore; topographical, geological, geochemical and geophysical studies; exploratory drilling; trenching; sampling; and activities that relate to evaluating the technical feasibility and commercial viability of extracting a mineral resource. In essence, the accounting for E&E costs can be viewed as an extension of the debate on the recognition of intangible assets versus the level of accounting conservatism. While there is scant literature on EI firms, and in relation to E&E expenditure in International Financial Reporting Standards (IFRS) reporting regimes, this research concentrates on the accounting policies used for the treatment of these expenditures. To the best of the authors’ knowledge, however, research on the amounts involved and hence recognised, expensed and impaired is not available. Furthermore, there is an absence of evidence on the characteristics of firms that capitalise and impair such expenditure. The overall objective of this research is to shed light on these areas. Fri, 01 Jan 2021 00:00:00 GMT http://hdl.handle.net/1893/33182 2021-01-01T00:00:00Z http://hdl.handle.net/1893/24012 Title: Fair, Balanced and Understandable: Enhancing corporate reporting and assurance? Author(s): Fraser, Ian; Lee, Boram Abstract: First paragraph: The recent requirement by the UK Financial Reporting Council (FRC) for corporate boards to confirm that their annual reports are ‘fair, balanced and understandable’ (FBU), and for external auditors to report by exception on this confirmation, innovates in both corporate and audit reporting. FBU may be viewed as a regulatory response to widespread perceptions of a need to enhance corporate reporting, particularly as accounting and auditing continue to be subject to critical scrutiny in the aftermath of financial and economic crisis. FBU also specifically reflects the growing importance of narrative corporate reporting as, for example, in the issue of an International Accounting Standards Board (IASB) practice statement on management commentary and a trend of an increasing volume of narrative content in the annual reports of major companies. At the same time, academic research suggests that investors and other users are interested in assurance on the ‘front-half’1 of the annual report. Tue, 12 Jan 2016 00:00:00 GMT http://hdl.handle.net/1893/24012 2016-01-12T00:00:00Z http://hdl.handle.net/1893/11609 Title: The darkening glass: Issues for translation of IFRS Author(s): Baskerville, Rachel; Evans, Lisa Sat, 01 Jan 2011 00:00:00 GMT http://hdl.handle.net/1893/11609 2011-01-01T00:00:00Z