The value of financial planning advice - process and outcome effects on consumer well-being. Knowledge of how financial advice contributes to consumer well-being is vital as industry and policy-makers strive to professionalise financial planning and enhance the quality of advice. Outcomes of this research project will inform policy debate and industry practices for improving the value of financial planning advice to consumers and their well-being.
Managing the world's most precious resource: The role of water accounting. This project contributes to the National Research Priorities goal to develop sustainable ways of improving water productivity, using less water in agriculture and other industries, and providing increased protection of rivers and groundwater. Robust and rigorous water accounting and assurance will allow water managers to identify and address system water losses, and will underpin increased market and investment confiden ....Managing the world's most precious resource: The role of water accounting. This project contributes to the National Research Priorities goal to develop sustainable ways of improving water productivity, using less water in agriculture and other industries, and providing increased protection of rivers and groundwater. Robust and rigorous water accounting and assurance will allow water managers to identify and address system water losses, and will underpin increased market and investment confidence in water information among water users. The collaborations between industry, academia, government and the accounting and water management professions will provide and demonstrate high profile, significant and timely international thought leadership in the emerging discipline of water accounting standards. Read moreRead less
Impacts of International Financial Reporting Standards adoption on cost of equity capital, financial statement value-relevance, and firms' financing and investment strategies. The project's insights will assist policy makers to assess, progress and promote approaches to global economic and governance policy reforms. AIFRS adoption disturbs the financial markets equilibria previously struck under Australian accounting standards. Understanding this impact helps underpin micro- and macro- economi ....Impacts of International Financial Reporting Standards adoption on cost of equity capital, financial statement value-relevance, and firms' financing and investment strategies. The project's insights will assist policy makers to assess, progress and promote approaches to global economic and governance policy reforms. AIFRS adoption disturbs the financial markets equilibria previously struck under Australian accounting standards. Understanding this impact helps underpin micro- and macro- economic strategies and policy developments relying upon the role of financial reporting. It also assists capital markets to adapt to the new reporting environment, thus increasing capital allocation effectiveness and efficiency.
Australia's position as an early IFRS adopting nation enables the project to facilitate Australia's international leadership in global economic policy development. Read moreRead less
Applying the Lessons of the Virtual Battlefield to Financial Modelling - Investigating Innovative use of Distributed Simulation. The development of Distributed Simulations is recognised as an increasingly important part of training, scientific modelling and acquisitions in the defense community. While the benefits of simulation are well understood the actual development costs and complexity remain prohibitive, requiring expert programming skills and training. These limitations are greatly impedi ....Applying the Lessons of the Virtual Battlefield to Financial Modelling - Investigating Innovative use of Distributed Simulation. The development of Distributed Simulations is recognised as an increasingly important part of training, scientific modelling and acquisitions in the defense community. While the benefits of simulation are well understood the actual development costs and complexity remain prohibitive, requiring expert programming skills and training. These limitations are greatly impeding the wider adoption of simulation in the broader business community.
To address these issues this proposal investigates the means of applying simulation technologies to a domain in which user-configurable desktop tools, such as spreadsheets and word processors, are more the norm - for example financial modelling.
We aim to extend the development of tools and techniques that support the desktop use of simulation and to assess the relative merits of these approaches. Our eventual goal is to provide approachable simulation services, without adversely compromising their inherent power, to a far wider range of application domains.
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