Bulgarian economy is a part of the ongoing worldwide processes of globalization. Of the other part, the importance of the tourism sector of Bulgarian economy is essential. Changing the theoretical ...and practical knowledge in every field of science should follow the general direction of development. The same goes for accounting. Accountability is related to the effective management of the enterprise. On the other hand, accounting is a "conservative science" but "revolutionary" changed in recent years. This article aims to show the contemporary bioeconomical problems in tourism.
Purpose: There is evidence that managers engage in opportunistic practice to manipulate reported performance to attract unsuspecting investors. This paper seeks to detect the likelihood of ...manipulations on the financial reports of financial service firms (banks and other financial institutions) as well as to identify the financial indicators that are the likely predictors of the probability of manipulations in Nigeria.
Theoretical framework: The M-score models, from Beneish (1999), are employed as theoretical basis for the paper. The model use financial ratios computed using accounting data to confirm the probability that firms’ reported earnings are manipulated.
Design/Methodology/Approach: The study uses data from the Nigerian Exchange Group, from 2010 to 2019 to compute M8/M5-scores and classify firms into likely manipulators and unlikely manipulators. In addition, a probit regression model was applied to establish financial ratios that significantly predict the likelihood of FSF amongst the financial firms.
Findings: The results based on M8 (M5)-score indicate that 26.67% (23.33%) of firms likely manipulate financial books and exhibit the possibility of FSF. In addition, only sales in receivable, sales growth, depreciation expenses, leverage and accruals to assets ratios are found to be (positive) significant predictors of the probability of manipulations.
Research, Practical & Social implications: The implication of the outcome is that subjecting financial statements to empirical and statistical scrutiny should not be ignored because it would detect and reduce associated risks to manipulations. Therefore, more regulatory interventions and empirical auditing of reports are needed to ensure their readability and reliability to the investors.
Originality/Value: The study offers a novel and first evidence, based on Beneish M-score, to scrutinise reports of financial firms in Nigeria. The evidence ensures quality reporting of the financial statements in order to credibility as well as protect the integrity of the capital markets.
The problem of functioning of parties from the point of view of their financing and sources of income is considered. It is indicated that in Ukraine both individuals and legal entities can make ...contributions to parties and requirements for potential donors and the mechanism for transferring funds to parties are enshrined at the legislative level. Since 2016 Ukrainian parties have been required to submit financial reports to indicate all contributions in their favor. It has been established that during 2019 sixteen most rated and media parties («Bat`kivshhy`na», «Rady`kal`na partiya Olega Lyashka», «Sluga narodu», «Yevropejs`ka solidarnist`», «Opozy`cijny`j blok», «Golos», «Samopomich», «Ukrayins`ka strategiya Grojsmana», «Opozy`cijna platforma – Za zhy`ttya», «Narodny`j front», «Svoboda», «Sy`la i chest`», «Partiya Shariya», «Sy`la lyudej», «Ukrayins`ka galy`cz`ka partiya» and «Nash kraj») received contributions made by 10 533 individuals and 261 legal entities, which is about 0.026% of the population of Ukraine. But one recent poll on the financing of political parties shows that the proportion of Ukrainians willing to donate to parties is much higher, at about 12%. This indicates a significant gap between the actual state of affairs and the desires and capabilities of voters, which should be taken into account by representatives of political parties to reduce their dependence on the state and big business. It was also found out that the average contribution to these 16 parties for the year was about UAH 200,000 (about USD 7,200). It is concluded that, given the public interest in the topic of financing of political parties, in the future it will be necessary to analyze how the situation got changed in 2020.
Sebagai sebuah lembaga yang melayani masyarakat, pemerintah desa berkewajiban untuk mempertanggungjawabkan keuangan negara yang dikelolanya. Namun berdasarkan data, masih banyak ditemui praktik ...kecurangan (fraud) yang terjadi dalam pemerintahan desa. Penelitian ini dilakukan untuk mengetahui faktor-faktor yang mempengaruhi terjadinya kecurangan (fraud) dalam pengelolaan dana pemerintahan desa. Analisis data dilakukan melalui regresi linier berganda. Data penelitian berupa data primer melalui instrumen kuisioner dengan convenience sampling sebagai teknik yang digunakan dalam pengambilan sampel penelitian. Secara parsial hasilnya menunjukkan variabel penyajian laporan keuangan desa dan pengendalian internal tidak berpengaruh terhadap terjadinya kecurangan (fraud). Sedangkan budaya etis organisasi dan religiusitas berpengaruh negatif terhadap terjadinya kecurangan (fraud).
This publication includes financial transactions (both net acquisition of financial assets and net incurrence of liabilities), by institutional sector (non-financial corporations, financial ...corporations, general government, households and non-profit institutions serving households, total economy and rest of the world) and by financial operation.
The purpose of this study was to determine how the quality of financial statement information on PT. Perkebunan Nusantara XIV is seen from biological assets recognition, measurement, and disclosure ...in terms of concept maqashid al-sharia and PSAK 69. This type of research is qualitative research with an interpretive paradigm approach. The results showed that PT. Perkebunan Nusantara XIV, in terms of recognition, measurement, and disclosure of biological assets, was by the applicable standards, namely the statement of PSAK 69: Agriculture. With the accounting treatment of biological assets following the applicable PSAK, the quality of financial statement information becomes relevant and reliable so that it makes it easy for users to understand financial statements. Especially for management, it can be used as the basis for making the right decisions. Judging from the concept of maqashid al-sharia, researchers have not been able to reveal the overall implementation of this concept in the work environment of PT. Perkebunan Nusantara XIV. Nevertheless, in applying the maqashid al-shariah concept, the head of the accounting and reporting division has implemented managing biological assets and preparing financial reports so that the financial reports are relevant and reliable.
Purpose: This study aims to know the impact of applying the precautionary measures of the (Corona-19) pandemic on the preparation of financial reports through its impact on accounting policies and ...the hypothesis of the continuity principle, and the events subsequent to the preparation of financial reports in the Kingdom of Saudi Arabia, and what is the uniform work that the establishments must do.
Method: In its assessment of the effects of the epidemic and its assumptions related to the preparation of financial reports and the assessment of the appropriateness of preparing the financial statements according to what was mentioned at the end of the fiscal year, the study used an electronic survey list that was distributed to a sample of (82) respondents, and the study followed the descriptive analytical approach. Data analysis by the statistical program (SPSS), according to the five-point Likert model.
Theoretical reference: There is no theoretical justification against our own elaborated model as it is exploratory in nature.
Results and conclusion: The study found that there is a positive relationship between the application of precautionary measures for the (Corona-19) pandemic and the variables of the study. we have excluded the viewpoint of reporting expectations of user groups in making decisions during a pandemic.
•Dual-class structures create a gap (“wedge”) between voting and cash flow rights.•Wedge is correlated with older, smaller, more profitable, and less leveraged firms.•Larger wedge is associated with ...a higher quality of financial reporting.•Wedge does not incentivize earnings manipulation and thus should not be restricted.
Dual-class capital structures create a gap (“wedge”) between voting and cash flow rights. Our analysis indicates that the larger the wedge, the higher the quality of financial reporting, reflecting a tradeoff between the dilution of voting rights and enhancement of the credibility of information provided to investors. It suggests that increasing management’s insulation from the market for corporate control is stronger than agency costs, reducing motivation to manipulate earnings. Moreover, better quality reporting allows for attracting second-class investors who agree to a larger wedge. Therefore, concerning financial reporting, a nuanced regulation restricting wedge size may not be more effective.
This study aims to investigate the impact of external auditing quality and audit committees on accounting conservatism and the performance of industrial firms listed at the Amman Stock Exchange. The ...study has relied on the industrial sector which comprised of 70 industrial firms, while the sample size comprised 54 firms. Audit quality has been addressed in terms of audit quality features (communication with world audit offices, keep client period, audit fees, accounting specialist in the customer industry), while audit committees quality has been analyzed (audit committees independence, audit committees expertise, audit committees meetings). The accruals model has been used to measure accounting conservatism. The firm`s performance has been measured through its market value. The study concluded that audit committees have no impact on accounting conservatism and firm`s performance, while audit quality features have a positive impact on accounting conservatism and firm`s performance. The study has recommended the need to activate the role of audit committees in public shareholding industrial firms since they positively have an impact on raising audit efficiency and control the regulate the firm`s internal control system.
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