Thesis (MBA)--Stellenbosch University, 2003. / ENGLISH ABSTRACT: The study involves an examination of the current situation of the responsibility of
companies listed on the Johannesburg Stock Exchange on the disclosure requirements of
the accounting standards. In 1995, Statement AC 108 'Inventories' was introduced and it
deals with the definition and disclosure of cost of sales. In 1997, Statement AC 306 was
introduced and deals with the scope, calculation and disclosure of headline earnings per
share (HEPS).
The research shows that since the disclosing requirements of Statements 108 and 306
(cost of sales and HEPS) were published, there has been a significant effect on the nature
of disclosure of these items by listed South African companies.
In addition, income statement items (not yet part of the USB database) were identified and
will be loaded onto the USB database of income statements of industrial companies listed
on the JSE. These items are:
~ Cost of sales,
~ Gross profit,
~ Gross profit percentage, and
~ HEPS.
A large sample of four hundred companies' financial statements over an eleven year
period (1990 - 2000) was reviewed, and the data regarding sales, cost of sales, EPS,
HEPS, exceptional items, abnormal items and extraordinary items were recorded on a
spreadsheet model. Regarding cost of sales, the gross profit and gross profit percentage were calculated, and
the arithmetic and weighted means were calculated.
The data was analysed against the disclosure requirements and it was found that thirty
percent of the companies on the USB's database reports cost of sales as an item on the
income statement (without disclosing the item as specified above in "notes to the income
statement)". Seventy percent reports cost of sales as a note underoperating profit in the
income statement. First in, first out (FIFO) is the method of inventory valuation that is
clearly the dominant method used by listed companies in South Africa.
An analysis of the HEPS of the listed companies revealed a similar trend and the majority
of companies disclosing HEPS do so as per the requirements set out in Statement AC
306. / AFRIKAANSE OPSOMMING: Hierdie studie behels 'n ondersoek na die huidige situasie van maatskappye wat genoteer
is op die Johanneburg Effektebeurs se verantwoordelikheid ten opsigte van bekendmaking
van rekeningkundige standaarde. Gedurende 1995 is Standpunt RE 108 gepubliseer en
dit handel oor die defineëring en openbaarmaking van koste van verkope. Gedurende
1997, is Standpunt RE 306 bekendgestel en handel oor die omvang, berekening en
bekendmaking van wesensverdienste per aandeel.
Die navorsing toon dat sedert Standpunte 108 en 306 (koste van verkope en wesensverdienste
per aandeel) gepubliseer is, daar 'n aansienlike effek op die aard van
bekendmaking van hierdie items deur genoteerde Suid Afrikaanse maatskappye is.
Verder is inkomstestaat items (wat nog nie deel van die USB databasis is nie)
geidentifiseer en sal op die USB databasis van inkomstestate van industriële maatskappye
genoteer op JEB geplaas word. Hierdie items is:
~ Koste van verkope,
~ Bruto wins,
~ Bruto wins persentasie, en
~ Wesensverdienste per aandeel.
'n Groot steekproef van 400 maatskappye se finansiële state oor 'n 11 jaar tydperk
(1990 - 2000) is nagegaan, en die inligting aangaande verkope, koste van verkope,
verdienste per aandeel, wesensverdienste per aandeel, abnormale en uitsonderlike items
is opgeneem in 'n sigblad model.
Wat die koste van verkope betref, is die bruto wins en bruto wins persentasie bereken, en
die gewone sowel as die geweegde gemiddeldes is bereken.
Die data is geanaliseer teen die bekendmaking vereistes en daar is gevind dat ongeveer
dertig persent van die maatskappye op die USB se databasis rapporteer koste van
verkope as 'n item op die inkomstestaat. Sewentig persent rapporteer koste van verkope
as 'n nota onder bedryfswins in die inkomstestaat. Eerste in, eerste uit (EIEU) is duidelik
die vooraadwaardasie wat die meeste gebruik word deur genoteerde maatskappye in
Suid Afrika.
'n Analise van die wesensverdienste per aandeel van die genoteerde maatskappye dui 'n
soortgelyke tendens en die meerderheid van maatskappye wat wesensverdienste per
aandeel verklaar, doen so volgens die vereistes soos neergelê in Standpunt RE 306.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/49743 |
| Date | 12 1900 |
| Creators | Gasnolar, Jasmina |
| Contributors | Hamman, W. D., Stellenbosch University. Faculty of Economic & Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | Unknown |
| Type | Thesis |
| Format | 158 p. |
| Rights | Stellenbosch University |
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