Research activity and outputs

During 2020 and 2021, the Observatory engages in two large projects funded by ACCA and ICAS. These projects shall deliver five separate research reports within a period of 24 months.

Even though these reports are intended for informing standard setters and regulators in the first instance, the research team aims at further analysing the related data and thus expand the reports into academic papers, publishable in highly reputable journals in the future.

Project 1

The capitalisation debate of internally generated intangible assets: exploration and evaluation expenditure in extractive industries and software development costs.

This led by Prof Yannis Tsalavoutas and is funded by ACCA. It examines companies’ accounting policies and reporting practices on the wider area of intangible assets’ recognition as well as climate change related reporting. This work will result in three reports, jointly badged with ACCA, and authored by colleagues associated with the Observatory. The first report from this project is expected in October 2020, the second in November/December 2020 and the third one in April 2021. In the meantime, the Observatory will disseminate the findings via three roundtable discussions, two international conferences, and two symposiums. 

Project 2

How real-time and quick-time data is shaping and transforming the practice and decision-making of financial analysts and professional investors.

This project is led by Dr Mark Aleksanyan and is funded by ICAS. It aims at capturing the extent to which users of financial statements need and/or use real-time and quick data that companies disseminate. Two ICAS reports will be the primary output of this project. The first report is expected to be published towards the end of the first half of 2021 and the second towards the end of 2021.

Working papers

Beyond these externally funded projects, the researchers associated with Observatory are currently working on the following policy relevant academic papers:

  • Compliance with pension-related mandatory disclosures and debt financing (K. Almaghrabi, Y. Tsalavoutas & K. Opong)
  • A disadvantage in IFRS adoption in the UK: the adverse consequences of IAS 38 (C. Dargenidou, R. Jackson, Y. Tsalavoutas and F.Tsoligkas)
  • Uncertainty avoidance and stock price informativeness of future earnings (Y. Tsalavoutas & F. Tsoligkas)
  • The role of ambiguity on development costs’ capitalisation (F. Mazzi, R. Slack, Y. Tsalavoutas & F. Tsoligkas)