The University of Western Australia

Professor Philip Hancock

Professor
Accounting and Finance

Contact details

Address

Accounting and Finance
The University of Western Australia (M404)
35 Stirling Highway
CRAWLEY WA 6009
Australia

Phone

6488 1835

Fax

6488 1072

Email

Phil.Hancock@uwa.edu.au

Qualifications

MCom W.Aust., FCPA, ACA

Biography

Phillip is a Professor and the Associate Dean of Teaching and Learning at the UWA Business School. He joined the Business School in January 2002 from Murdoch University where he was Associate Professor of Accounting. Phil has extensive experience in the regulation of corporate financial reporting, international accounting and management in both the educational and private sectors.

Philip completed a BCom with Honours and a Master of Commerce by thesis at the University of W.A.

He is a Fellow of CPA Australia and an Associate of the Institute of Chartered Accountants. He is an active member of the profession, makes presentations to members of both bodies and sits on a national panel associated with the Society's CPA Program. Philip is also a member of the ASIC Accounting Liaison Group in WA.

Philip has published more than 35 articles in leading accounting journals and a number of chapters in books and has presented papers at national and international conferences. He is also the co-author of one of the biggest selling introductory accounting text books in Australia.

Philip provides consulting and training to a wide range of organizations in the private and public sectors where he draws on his expertise in financial reporting and analysis, corporate governance and the use of the balanced scorecard.

He has taught courses at both the undergraduate and postgraduate levels. In 2003, Philip was awarded a UWA Excellence in Teaching Award for Postgraduate Coursework. In 2006 Philip received a national Carrick Institute citation for Outstanding Contributions to Student Learning

Philip has held senior positions at UWA, ECU, and Murdoch Universities. He was also a Director and Chairman of the University Credit Union for 10 years.

Key research

Financial reporting, Accounting regulation, International Financial Reporting Standards, Not-for-profits financial reporting issues. Corporate Governance

Publications

Career 10 best

Hancock,P.J., Brown,P. and Finn,F.J. (1977), "Dividend Changes, Earnings Reports and Share Prices: Some Australian Findings", Australian Journal of Management, October 1977, pp.127-147. Republished in Share Markets and Portfolio Theory: Readings and Australian Evidence, Ball,R., Brown,P., Finn,F. and Officer,R. (editors), University of Queensland Press, 1989.

Hancock, P.J., Berkman, H., Bradbury, M.E. and Innes, C. (1997). An Analysis of Derivative Instrument Disclosures in Australia and New Zealand, Accounting Forum, Volume 21, Number 2.

Tan, C.Y, Tower, G. Hancock,P.J, & Taplin, R.(2002) Empires of the Sky: Determinants of Global Airlines” Accounting Policy Choice Decisions. International Journal of Accounting. Volume 37, Number 3.

Berkman,H., Bradbury,M.E., Hancock,P.& Innes,C (2002) Derivative financial instrument use in Australia, Accounting and Finance. Volume 42, Number 2, pp.97-109.

Tan, R.C.W., Hancock, P, Taplin, R &Tower, G.(2005) “Fair Value Accounting for all Financial Instruments: Perceptions from Managers of Australian Financial Institutions”, Australian Accounting Review Vol 15 No 2, pp 79-88 I

Barako, D., Hancock, P.& H.Izan (2006). “Factors influencing voluntary corporate disclosure by Kenyan companies.” Corporate Governance: An International Review.Vol 14 No 2, pp 107-125

Kilcullen, L, Hancock, P. & Izan,H ( 2007). “User requirements for Not-For-Profit Entity Financial Reporting: An International comparison” Australian Accounting Review. Vol 17. No 1

Tan, H.P, Plowman, D & Hancock,P (2007).”Intellectual capital and Financial Returns of Companies: An exploration of the Pulic Model.” Journal of Intellectual Capital. Vol 8 No 1

Tarca, A., Brown, P., Hancock, P., Woodliff, D., Bradbury,D., & van Zijl, T (2007) “The Matrix Format Income Statement: A Case Study About Earnings Management and Reporting Financial Performance.” Issues in Accounting Education, Vol 22, No 4

Tarca, A., Brown, P., Hancock, P., Woodliff, D., Bradbury,D., & van Zijl, T (2008) “Identifying Decision Useful Information With the Matrix Format Income Statement.” Journal of International Financial Management & Accounting, Vol 19, No 2. 185-218.

Recent Publications

Book Revision, New Edition

Bazley, M., Hancock, P. 2006, Contemporary Accounting, Thomson, Melbourne.

Bazley, M., Hancock, P., Berry, A., Jarvis, R. 2004, Contemporary Accounting, Thomson Learning, Southbank, Victoria.

Journal Articles (Schol Refereed Journal)

Hancock, P., Howieson, B., Kavanagh, M., Kent, J., Tempone, I., Segal, N., Freeman, M. 2009, “The Roles Of Some Key Stakeholders In The Future Of Accounting Education In Australia” , Australian Accounting Review, 19, 3, Pp. 249-260.

Tan, H.P, Plowman, D & Hancock,P 2008, ”The evolving research on intellectual capital.” Journal of Intellectual Capital. Vol 9 No 4

Tarca, A., Brown, P., Hancock, P., Woodliff, D., Bradbury,D., & van Zijl, T 2008, “Identifying Decision Useful Information With the Matrix Format Income Statement.” Journal of International Financial Management & Accounting, Vol 19, No 2. 185-218.

Tarca, A.C., Brown, P.R., Hancock, P., Woodliff, D.R., Bradbury, M.E., van Zijl, T. 2007, “The Matrix Format Income Statement: A Case Study about Earnings Management and Reporting Financial Performance”, Issues in Accounting Education, 22, 4, pp. 607-623.

Tan, H.P., Plowman, D.H.J., Hancock, P. 2007, “Intellectual capital and financial returns of companies”, Journal of Intellectual Capital, 8, 1, pp. 76-95.

Kilcullen, L.A., Hancock, P., Izan, I.H.Y. 2007, “User requirements for not-for-profit entity financial reporting: an international comparison “, Australian Accounting Review, 17, 1, pp. 26-37.

Barako, D.G., Hancock, P., Izan, I.H.Y. 2006, “Factors Influencing Voluntary Corporate Disclosure by Kenyan Companies”, Corporate Governance: An International Review, 14, 2, pp. 107-125.

Barako, D.G., Hancock, P., Izan, I.H.Y. 2006, “Relationship between corporate governance attributes and voluntary disclosures in annual reports: the Kenyan experience”, FRRaG: The electronic journal of the Accounting Standards Interest Group of AFAANZ, 5, 1, pp. n/a.

Tan, R.C.W., Hancock, P., Taplin, R., Tower, G. 2005, “User Views On The Complex Accounting For Financial Instruments”, International Business & Economics Research Journal, 4, 12, pp. 65-76.

Tan, R.C.W., Hancock, P., Taplin, R., Tower, G. 2005, “Fair Value Accounting for All Financial Instruments: Perceptions from Managers of Australian Financial Institutions”, Australian Accounting Review, 15, 36, pp. 79-88.

Full Refereed Conference Publications

Hancock, P., Tan, C. W., Taplin, R. and Tower, G. 2008, “The impact of IFRS adoption in Australia on user’s involvement in the due process” Paper presented at European Accounting Association Annual Conference, Rotterdam, April

Kilcullen, L., P. Hancock and H. Izan 2008, “Identifying Users of External Financial Information Of Private Sector Not For Profit Entities: Perspectives From Preparers And Users”. Annual Conference Accounting and Finance Association of Australia and New Zealand, Sydney

Kilcullen, L., P. Hancock and H. Izan 2008, “Identifying Users Of External Financial Information Of Private Sector Not For Profit Entities: Perspectives From Preparers And Users”. 31st Annual Congress European Accounting Association, Rotterdam.

Kilcullen, L.A., Hancock, P., Izan, I.H.Y. 2007, “Defining a Not For Profit Entity in Australia - An Empirical Analysis”, 2007 AFAANZ Conference, http://www.afaanz.org/openconf/openconf.php, n/a, pp. n/a.

Salicru, S., Perryer, C.R., Hancock, P. 2007, “Intellectual capital and company performance - literature review and research opportunities in Australia”, Australian and New Zealand Academy of Management, Sydney, Australia, 21, pp. n/a.

Barako, D., Tower, G., Brown, A., Hancock, P., Izan, I.H.Y. 2007, “Corporate communication of the HIV/AIDA crisis in Africa”, 2007 AFAANZ Conference, http://www.afaanz.org/openconf/openconf.php, n/a, pp. n/a.

Hancock, P., Purushothaman, M., Brown, A., Scharl, A. 2006, “Environmental Disclosures on Corporate Web Sites: A Singapore Perspective”, 2006 European Applied Business Research Conference, Colorado, 1, pp. on-line.

Razeed, A., Tower, G., Hancock, P., Taplin, R. 2004, “US Resource Company Environmental Disclosure Practices: What, Where and How?”, Fourth Asia Pacific Interdisciplinary Research in Accounting Conference, Singapore, 4, pp. 1-32.

Conference Full Written Non Refereed

Kilkullen, L, Hancock, P. & Izan,H 2008, ”Identiftying users of external financial information of private sector not-for-profit entities: Perspectives from preparers and users.” Presented to the European Accounting Association Annual Conference, Rotterdam, April and the Accounting and Finance Association of Australia and New Zealand, Sydney, July.

Kilcullen, L.A., Hancock, P., Izan, I.H.Y. 2005, “Meeting the information needs of not-for-profit users under the international financial reporting standards: A review of the Australian position”, Accounting and Finance Association of Australia and New Zealand , Melbourne, n/a, pp. n/a.

Extract of Conference Papers

Tower, G., Van Der Zhan, M., Brown, A., Taplin, R., Hancock, P., Barako, D. 2007, “A global study of governmental action and inaction for prevention of money laundering”, 30th Annual congress of the European Accounting Association, Lisbon, Portugal, n/a, pp. 323.

Tarca, A., Brown, P., Hancock, P., Woodliff, D., Bradbury, M., Van Zijl, T. 2006, “Identifying Decision Useful Information With the Matrix Format Income Statement (1)”, American Accounting Association Conference, Washington, N/A, pp. N/A.

Gasbarro, D., Hancock, P., Zumwalt, J.K. 2006, “Impact of Taxation on Credit Unions in Australia”, 19th Australian Finance and Banking Conference, New South Wales, N/A, pp. N/A.

Tarca, A., Brown, P., Hancock, P., Woodliff, D., Bradbury, M., Van Zijl, T. 2006, “Identifying Decision Useful Information With the Matrix Format Income Statement (2)”, World Accounting Conference, Istanbul, N/A, pp. N/A.

Razeed, A., Tower, G., Hancock, P., Taplin, R. 2006, “A Multi-medium Analysis of US resources companies’ environmental disclosure practicesover time”, 29th Annual EAA , Dublin, 1, pp. 249.

Tarca, A., Brown, P., Hancock, P., Woodliff, D., Bradbury, M., Van Zijl, T. 2006, “Identifying Decision Useful Information With the Matrix Format Income Statement (3)”, Accounting and Finance Association of Australia and New Zealand Conference, Wellington, N/A, pp. N/A.

Tarca, A., Brown, P., Hancock, P., Woodliff, D., Bradbury, M., Van Zijl, T. 2006, “Identifying Decision Useful Information With the Matrix Format Income Statement (4)”, 29th Annual EAA, Dublin, 1, pp. 169.

Razeed, A., Tower, G., Hancock, P., Taplin, R. 2006, “An Insight into Australian Resource companies' environmental disclosure practices”, 29th Annual EAA , Dublin , 1, pp. 250.

Purushothaman, M., Hancock, P., Brown, A., Scharl, A. 2006, “Online Environmental Reporting Practices of Listed Singapore Companies”, 29th Annual EAA , European Accounting Association , 1, pp. 333.

Hancock, P., Tan, H.P., Plowman, D.H.J. 2005, “Intellectual Capital and Financial Returns of Singapore Publicly Listed Companies: An Exploratory Study”, European Accounting Association, Goteborg, Sweden, n/a, pp. n/a.

Hancock, P., Barako, D., Izan, H. 2005, “Relationship Between Corporate Governance and Voluntary Disclosure for Annual Reports: The Kenyan Experience”, European Accounting Association, Goteborg, Sweden, n/a, pp. n/a.

Technical Reports

Hancock, P., Howieson, B., Kavanagh, M., Kent, J., Sturt, C., Tempone, I., Segal, N. 2009, “Accounting For The Future: More Than Numbers”, Volume 2, Pp. 1-84.

Published Reports

Kilcullen, L, Hancock, P. & Izan,H 2007, “Defining a not-for-profit entity in Australia-The accounting perspective.” CPA Australia, Melbourne

Gasbarro, D., Hancock,P. & Zumwalt,K 2007, “Impact of Taxation on Credit Unions in Australia“, Filene Institute, USA.

Freeman, M., Hancock, P., Simpson, L., & Sykes, C. 2008, “Business as usual.” Carrick Institute for Learning and Teaching in Higher Education Ltd. New South Wales. Available at http://www.altc.edu.au/carrick/webdav/site/carricksite/users/siteadmin/public/Grants_DBI_ABDC%20Freeman%20Business%20Final%20Report_March27_2008.pdf

Funding received

Associate Professor Philip Hancock, Professor James Zumwalt, Dr Domenico Gasbarro 2006, “The Impact of Taxation on Australian Credit Unions”, Filene Research Institute Inc, Funds Approved: $15,000.00. RFCD:

Dr Ann Tarca, Emeritus Professor Philip Brown, Associate Professor Philip Hancock, Associate Professor David Woodliff 2005, “An Experimental Study of the Decision Usefulness of the IASB's Proposed Comprehensive Income Statement”, International Association for Accounting Education and Research, Funds Approved: $20,000.00. RFCD:

Associate Professor Philip Hancock, Ms Lydia Kilcullen 2003, “Financial Reporting by Not-For-Profit Entities”, CPA Australia, Funds Approved: $18,180.00. RFCD:

Greg Tower, Mitch van der Zahn, Alistair Brown, Dulcha Barako and Phil Hancock Accounting and Finance Association of Australia and New Zealand Ltd, $6,000 for a project on Anti-money laundering disclosures by global banks.

Greg Tower, Rebecca Tan and Phil Hancock Accounting and Finance Association of Australia and New Zealand Ltd, $3,000 for a project on The impact of IFRS adoption in Australia on users involvement in the due process.

Australian Business Deans Council Associate Deans T&L Network steering group member awarded $100,000 grant from the Carrick Institute to conduct a scoping study of T&L research in the business discipline.

Phil Hancock (project leader), Bryan Howieson Associate Professor Bryan Howieson (University of Adelaide),Associate Professor Marie Kavanagh (University of Southern Queensland), Dr Jenny Kent (Charles Sturt University), Associate Professor Irene Tempone (Swinburne University of Technology). Awarded $100,000 grant from the Australian Learning and Teaching Council to conduct a discipline based study on accounting education.

Memberships

CPA Australia Centre of Excellence, Financial reporting and governance
CPA Australia, CPA Panel on Financial Accounting
Australian Business Deans Council Associate Deans Teaching and Learning Network Executive
ASIC Accounting Liaison Group in WA.

Honours and awards

2002, the students of the first in-take of the EMBA Program voted Philip their Best Lecturer for 2002.
2003, Philip was awarded a UWA Excellence in Teaching Award for Postgraduate Coursework. He was nominated by the EMBA students for this award.
2006, Philip received a national Carrick Institute citation for Outstanding Contributions to Student Learning

Previous positions

1999 - 2001, Associate Professor in Accounting at Murdoch University
1990 - 1998, Senior Lecturer in Accounting at Murdoch University
1990, Senior Lecturer at WACAE (ECU)
1988 - 1989, Director at International Centre for Management Studies (Private education provider)
1987, Visiting Academic Fellow at Australian Accounting Research Foundation
1986 – 1988, Acting Principal Lecturer and Associate Head of School of Business at the Western Australian College of Advanced Education (ECU)
1983 – 1985, Senior Lecturer at the Western Australian College of Advanced Education (ECU)
1975 - 1983, Lecturer at University of WA (Sub-Dean Commerce for 3 years)
1973 - 1974, Tutor at University of WA
1968 - 1969, Audit Clerk at Irish, Young and Outhwaite

Teaching

MBA Accounting for Managers
EMBA Accounting for Senior Managers

Current external positions

Panels
CPA Australia Centre of Excellence, Financial reporting and governance
CPA Australia, CPA Panel on Financial Accounting
Australian Business Deans Council Associate Deans Teaching and Learning Network Executive
ASIC Accounting Liaison Group in WA.

Reviewer for articles submitted to the following journals:
Accounting and Finance
Accounting Forum
Australian Accounting Review
Pacific Accounting Review
Financial reporting, regulation and governance

Consultancy
Nokia Ltd
Woodside Ltd
Alinta Ltd
Iluka Ltd
Monadelphous Ltd
CBH Ltd
Heart Foundation
Georgiou Group
Department of Premier and Cabinet and many other WA government departments

Current projects

Financial reporting requirements for not-for-profit entities (NFPE). This is a joint project with Professor Izan and Lydia Kilkullen from UWA. Lydia is also doing this as part of her PhD. In 2004 we were awarded a grant by CPA Australia to assist with this research. One of the major objectives of the research is to investigate the need for an accounting standard in Australia specifically to address the needs of the users of financial reports of NFPE. Australia has had sector neutral standards for a number of years but the move to International Accounting Standards from 2005 represents a dilemma for the Australian Accounting Standards Board as the international standards are developed for entities in the for-profit sector. Will these standards be adequate and appropriate for the needs of users of financial statements for entities in the public and not-for-profit sectors? The purpose of our research is to address this question by examining approaches adopted by other jurisdictions, canvassing the views from expert and focus groups, and surveys of preparers and users. To date this research has produced one report, five conference papers and one refereed paper in the Australian Accounting Review.

Research into various issues in relation to business education and accounting education in particular. Projects include studying the impact of embedding communication and literacy skills in a Master of Professional Accounting program at UWA and the effectiveness of a required unit in ethics for all PG students at UWA.

Industrial Relevance

Definition of a not-for-profit entity for financial reporting purposes
Technical and non-technical skills for accounting graduates

Links with Industry
Woodside
Doric
CPA Australia
Department of Premier and Cabinet
Advanced Mnagement Program

Collaborations with Other Institutions
Bryan Howieson (University of Adelaide), Marie Kavanagh (University of Southern Queensland), Jenny Kent (Charles Sturt University), and Irene Tempone (Swinburne University of Technology). “Accounting for the future: more than numbers”.
Mark Freeman (University of Sydney),Lyn Simpson (QUT) and Chris Sykes (University of Woolongong) , “Business as usual” projects.

Research profile

Research profile and publications