No abstract

No abstract

The upward revaluation of non-current assets is a common feature of contemporary accounting in Australia. This paper presents a case against the practice. The effects of revaluations are examined and possible reasons why firms revalue are considered. It is argued that asset revaluation is theoretically unsound, being inconsistent with the accounting structure within which it occurs. It is concluded that there are significant costs but few obvious benefits associated with revaluation.

No abstract

This article addresses the ongoing impact of Canadian Content Regulations as applied to commercial radio. While commercial broadcasters have repeatedly called for a relaxation of the regulations in response to the changing music industry, particularly the increased impact of the Internet, it is possible to demonstrate that the regulations have had a positive impact on Canadian listening habits. An examination of the ‘national’ charts provided by Last.fm, a website that tracks users’ listening habits, shows that Canadian users listen to Canadian tracks in excess of the amounts currently regulated for radio. Commercial broadcasters’ claims that the regulations prevent them from competing fairly with new technology thus run counter to such evidence. As official charts, and hence commercial playlists are still reliant on older modes of tracking music, via in-store purchases, an incomplete picture of the current state of the industry exists, and it is this picture that seems to shape the claims made by the commercial industry. Additionally, this paper explores the rise of a successful Canadian ‘scene’, spearheaded by bands such as Arcade Fire and Broken Social Scene, that demonstrates the impact of policy in creating a national music culture that is confident enough to no longer have to be explicitly Canadian, either sonically or lyrically. Cancon regulations would appear to have aided in situating Canadian acts comfortably within a wider music culture within Canada.