Browsing by Author "Khanna, Bhagwan"
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Item Restricted ACCY223: Accounting: Management Accounting(Victoria University of Wellington, 2009) Bradshaw, John; Khanna, BhagwanItem Open Access Analysis of Change in Present Value Measurements(Te Herenga Waka—Victoria University of Wellington, 2005) Bradshaw, John; Khanna, Bhagwan; Roush, Melvin; van Zijl, TonyIn recent years, the leading standard setters for financial reporting have shown an increasing preference for fair value measurement. However, present value is often the only acceptable method of estimating fair value and therefore the actual result of the swing to fair value is likely to be increased use of present value in financial reporting. This paper addresses the issue of interpretation of a change in present value between successive reporting dates and shows that the change can be analyzed by use of the familiar variance analysis framework widely used in management accounting.Item Open Access Can Budgetary Slack Still Prevail Within New Zealand’s New Public Management?(Te Herenga Waka—Victoria University of Wellington, 2007) Hills, Joanne; Bradshaw, John; Khanna, Bhagwan; Hunt, ChrisThe New Zealand (NZ) Government began its public sector reforms in 1984. The purposes of the reforms were to build a more open public sector, a plainer and clearer way of reporting, emphasising accountability and transparency (Wallace, 1993). A central focus of the reforms was to change the accounting culture by adopting accrual accounting and a 3 year budgeting and planning management cycle within Government Ministries. By investigating whether or not budgetary slack is used as a risk management strategy in NZ’s new public management (NPM) control setting, this study examines how successful the reforms are, more that 20 years after their inception. Budgetary slack is the excess requirements for resources or understatement of productive capability. Slack allows a budget to be easily achieved and gives a false perception of managers’ performance, defeating the basic purpose of budgets. As little research has been conducted on this phenomenon in NZ’s NPM, this study was undertaken. Using budgetary slack and earnings management literature, an empirical model is developed to examine whether the potential for budgetary slack exists in NZ Government Ministries. The five Ministries of: Health, Education, Transport, Justice, and Building & Housing, were chosen for this study. They provide a mix of sizes and are very topical for some specific reasons within the political arena. Results of this study will be of interest to the Government, public sector managers, taxpayers, other stakeholders, and academics.Item Restricted MMBA509: Business Administration: Accounting for Managers(Victoria University of Wellington, 2006) Khanna, Bhagwan