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Journal articles on the topic 'Financial Accounting Foundation'
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1
Lestari, Anggun hilendri, Lukman Effendy, and Nungki Kartikasari. "PENINGKATAN PENGELOLAAN KEUANGAN YAYASAN MELALUI PENGEMBANGAN SISTEM INFORMASI AKUNTANSI PADA YAYASAN AS-SHOFI DI DESA MONTONG ARE KECAMATAN KEDIRI LOMBOK BARAT." Jurnal Abdimas Independen 3, no. 1 (May 30, 2022): 1–10. http://dx.doi.org/10.29303/independen.v3i1.79.
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Foundation is a non-governmental organization that operates outside the institutionalized political structure and is a volunteer service entity that aims to help others in reducing social problems. The financial statements of this foundation are needed as accounting information for users, both internal and external parties, such as donors, foundations, creditors, organizational members, and other parties for decision making (Anand, 2018). This community service activity will develop an accounting information system at a Foundation. Asshofi Raehan Lombok Foundation is a non-profit organization engaged in education. The method used in carrying out this activity is the design of an accounting information system in the form of a Foundation financial reporting application, training on the use of the application accompanied by ongoing assistance in the form of consultation if problems occur in the use of the application. Based on the results of community service, it can be concluded that the daily administrators and implementers at the Asshofi Raehan Lombok Foundation do not know about the existence of accounting standards that should be used to account for their financial management by making or compiling financial reports with applicable standards, namely using PSAK No. 45, Statement of Financial Accounting Standards concerning Financial Reporting of Non-Profit Entities.
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Purba, Darwin Marasi, and Rizki Ahmad Fauzi. "Implementation of Statement of Financial Accounting Standards (PSAK) No. 45 Revised 2015 at Foundation." Accounting Journal of Binaniaga 7, no. 2 (December 31, 2022): 261–74. http://dx.doi.org/10.33062/ajb.v7i2.9.
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Financial reports are important for foundations engaged in the social and religious fields, especially institutions that obtain funding from the public. This financial report is used as a form of management accountability to the public or community in order to increase trust. Where this trust can foster funding back to the foundation. Yayasan Tekad Bakti Remaja Insan Mandiri or known as the Tebar Iman Foundation is located at Jalan Cendrwasih No 100, Kelurahan Cipayung , Kecamatan Ciputat, Kota Tangerang Selatan, Banten Province, Indonesia. This foundation is engaged in providing skills education to poor youth where funding for this activity is highly dependent on community donations. This research purposes to determine whether the financial statements prepared by the Tebar Iman Foundation are in accordance with PSAK number 45 or not.The method used in this research is in accordance with a descriptive analysis approach. The results of the research on the financial statements prepared by the Tebar Iman Foundation, for the financial position report are in accordance, for the Resume Activity Report is generally good but there needs to be improvements. While the cash flow report and notes to the financial statements are not yet available.
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RODCHENKOV, Mikhail V. "Evaluation of institutional and financial factors of the international financial reporting standards foundation management from the perspective of the Eurasian Economic Union." Finance and Credit 27, no. 9 (September 30, 2021): 2139–57. http://dx.doi.org/10.24891/fc.27.9.2139.
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Subject. The article addresses the impact of modern institutional and financial structure of the IFRS Foundation on the quality and functionality of international financial reporting standards. Objectives. The purpose is to identify risk factors in the activities of the IFRS Foundation caused by its institutional and financial structure, considering the previously highlighted problems of the IFRS Foundation management. Methods. The study draws on the comparative analysis of the content of the IFRS and the statistical data on quantitative characteristics of the IFRS Foundation’s regulatory bodies. Results. The institutional and financial structure of the IFRS Foundation is characterized by the disproportion of the current national, sectoral and financial representation in the management bodies of the Foundation. This creates risks of inharmonious development of IFRS. The EEU current position is marked by a significant imbalance between functional and financial representation in the Foundation's management system. It is possible to mitigate identified risks in the development of the IFRS system, if the revealed imbalances are reduced through diversifying the industry representation, introducing financial participation coefficients and national representation into the practice of the Foundation's management. Conclusions. The formulated proposals can be useful for the authorized federal governing bodies of the Russian Federation and the EEU governing bodies, when developing growth strategies in the field of accounting and reporting, determining the focus of efforts to improve international standards, ensuring the protection of the national economic interests of the EEU countries in the activities of the IFRS Foundation in modern conditions.
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Rosalina, Eka, Wiwik Andriyani, Afridian Wirahadi, Fera Sriyuniati, and Desi Handayani. "Excel For Accounting Untuk Penyusunan Laporan Keuangan Pada Yayasan Panti Asuhan." Akuntansi dan Manajemen 15, no. 1 (June 1, 2020): 102–7. http://dx.doi.org/10.30630/jam.v15i1.61.
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Financial Statements is an accounting process that are arranged and reported objectively which can be useful for its users. Each financial statement preparation must be based on applicable financial accounting standards. One of them is the preparation of financial statements for the foundation. A foundation is a legal entity that has the aims and objectives of social, religious and humanitarian benefits. Case Study conducted at the Shine Al-Falah Foundation. The procedures in preparing the financial statements of the Al Falah foundation start from with studying the transactions in the form of cash in and cash out transaction books. After that, a needs analysis is made in the preparation of financial statements using Exel For Accounting which starts from plan the Account List, making ledgers, work sheet and continuing to design the Financial Statements of the Foundation. Last is to provide assistance and training to the preparation of financial statements using Exel for Accounting.
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RODCHENKOV, Mikhail V. "Assessing the institutional and financial factors of the IFRS Foundation management from the perspective of the Eurasian Economic Union." Digest Finance 26, no. 4 (December 27, 2021): 470–82. http://dx.doi.org/10.24891/df.26.4.470.
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Subject. This article explores the impact of the modern institutional and financial structure of the IFRS Foundation on the quality and functionality of the international financial reporting standards, as the main instruments of globalization of the financial and economic sphere, caused by insufficiency in the management of the IFRS Foundation. Objectives. The article aims to identify the reasons for the growth of risk factors in the IFRS Foundation’s activities caused by its institutional and financial structure, taking into account the previously identified problems of the IFRS Foundation management, assess the position of the Eurasian Economic Union (EEU) in the IFRS management system, and develop practical proposals to minimize the identified risks. Methods. For the study, I used a comparative analysis. Results. The article finds that the institutional and financial structure of the IFRS Foundation is characterized by disproportion of the current national, sectoral, and financial representation in the Foundation’s management bodies. This creates risks of inharmonious development of IFRS and confirms the ongoing pendency of the Foundation's unresolved management problems previously identified. The current position of the EEU is characterized by a significant imbalance between functional and financial representations in the Foundation's management system. To reduce such risks, the article proposes to diversify the industry representation, and introduce financial participation coefficients and national representation into the practice of the Foundation's management, based on a transparent and understandable algorithm using public data. Conclusions. The formulated proposals can be useful for the authorized federal governing bodies of the Russian Federation and the EEU governing bodies when developing growth strategies in the field of accounting and reporting, to improve international standards, and protect the national economic interests of the EEU countries in the course of the IFRS Foundation’s activities under present-day conditions.
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Lysiak, Yelyzaveta, and Vasyl Bеlozertsev. "FINANCIAL INVESTMENT ACCOUNTING ORGANIZATION." Innovation and Sustainability, no. 2 (July 1, 2022): 78–83. http://dx.doi.org/10.31649/ins.2022.2.78.83.
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This article discusses the features of the organization of accounting of financial investments of enterprises in our country. Existing valuation methods and main problems regarding the organization of accounting of financial investments are analyzed. According to the results of the study, the ways of their solution are suggested.
Investment activity is one of the most important parts of the enterprise, individual industries and the economy as a whole, so most companies have investments - temporarily unoccupied funds. These funds can be invested in various sectors of the economy in order to obtain economic effect, namely profit.
Currently in Ukraine there is a weak system of support for investment activities of enterprises. This is causing a huge decline in investment activity in our country, which is very bad. After all, the ability to conduct proper and effective investment activities helps to improve and expand their own activities, improve various social problems in the enterprise, as well as determines the level of human and financial capital. Without a solid foundation in investment activities, our state will not be able to take its rightful place in the world economy.
The purpose of this article is to study options for improving the accounting of financial investments in enterprises by mastering the theoretical basis and practices, identifying the main problems of their accounting and evaluation under market conditions and justify proposals for their solution.
The article examines the order of reflection in the accounting of financial investment transactions in order to achieve the reliability of the data presented at all stages of accounting by forming an information model of financial investment accounting.
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Nurwanto, Nurwanto, Riana Rachmawati Dewi, and Endang Masitoh. "Pengaruh Pendidikan, Pemahaman Akuntansi, dan Pengalaman Kerja terhadap Penyusunan Laporan Keuangan." Owner 6, no. 1 (February 9, 2022): 1093–100. http://dx.doi.org/10.33395/owner.v6i1.693.
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The preparation of financial statements can be influenced by education, understanding of accounting, and work experience. This study aims to determine the effect of education, accounting understanding, and work experience on the preparation of financial statements. This research is quantitative. The number of samples was 60 employees of the Surakarta Islamic Study Council Foundation which were selected using saturated sampling. Multiple linear regression analysis was used as a data analysis technique. This research is shown based on the acquisition of t count 2,263 > t table 2,003, sig. of 0.028 <0.05, meaning that it accepts H1, meaning that education has a significant positive effect on the preparation of the financial statements of the Surakarta Islamic Study Council Foundation. Obtaining t arithmetic 4.087 > t table 2.003, sig. of 0.000 <0.05, meaning that it accepts H2, meaning that accounting understanding has a significant positive effect on the preparation of the financial statements of the Surakarta Islamic Study Council Foundation. The value of t arithmetic is 4.768 > t table 2.003, sig. 0.000 <0.05, means accepting H3, meaning that work experience has a positive influence on the preparation of the financial statements of the Surakarta Islamic Study Council Foundation. The conclusion is that education, understanding of accounting, and work experience have a significant positive effect on the preparation of financial statements at the Surakarta Islamic Study Council Foundation.
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Hanifah, Risti Ulfi, Ahmad Sahri Romadon, and S. Sulistyorini. "Optimization of the Implementation of PSAK 112 in An Effort to Increase Accountability for the Management and Reporting of Waqaf Assets at the Pondok Pesantren Foundation." Quantitative Economics and Management Studies 3, no. 3 (June 29, 2022): 457–67. http://dx.doi.org/10.35877/454ri.qems958.
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Implementation of Financial Accounting Standards (SAK) PSAK 112: Accounting for Waqaf, which specifically regulates waqaf, is a positive signal for endowments in the country. Especially institutions that are directly involved in waqaf management. So that the management and presentation of waqaf assets at the Islamic boarding school foundation becomes more structured. PSAK 112 regulates accounting for nadzir organizations and wakif organizations. In an effort to optimize the potential of waqaf assets, the Indonesian Waqaf Board stated the need for good, accountable, planned, structured, and systematic management and reporting of waqaf assets as a form of responsibility for nazhir Islamic boarding school foundations with wakif as the endowment party. The implementation of PSAK 112 is to help waqaf managers from the responsibility for managing and reporting waqaf assets to become important. This study aims to analyze the optimization of the implementation of PSAK 112 in an effort to increase accountability for the management and reporting of waqaf assets at Islamic boarding schools foundations, through two questions, namely how Nadzir's participation in the implementation of PSAK 112, how the effect of increasing accountability for asset management and reporting on the implementation of PSAK 112. This is because the participation of nadzir in managing waqaf assets plays an important role in the development of waqaf assets. The results show that the management of waqaf assets at the RM Islamic boarding school foundation is carried out by combining the records of the value of waqaf assets that are debited with the value of donations in the form of infaq, shadaqah, charity that are debited to the foundation's account in the existing financial statements. There are differences in the recording of financial statements made by foundations with regulations, so that the implementation of PSAK 112 on accountability for management and financial reporting of Islamic boarding schools is not optimal. There are several obstacles related to budget management and the preparation of financial reports which are considered not appropriate, this is due to a lack of knowledge about statements of Islamic financial accounting standards and accounting for Islamic boarding schools. Islamic boarding schools only focus on how to record in the form of income minus expenses and used for the purposes of Islamic boarding schools and the benefit of the people.
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Boyanov, Borislav. "THE ADOPTION OF A GLOBAL ACCOUNTING FRAMEWORK AS A FOUNDATION FOR THE INTEGRITY OF THE FINANCIAL REPORTING." KNOWLEDGE INTERNATIONAL JOURNAL 31, no. 5 (June 5, 2019): 1413–23. http://dx.doi.org/10.35120/kij31051413b.
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The subject of research in this work is the accounting of non-financial enterprises on a global scale. The subject of the article is to develop a global accounting framework for preparing and presenting the financial statements of business enterprises. The primary objective of the study is by analyzing the applicable accounting frameworks of IFRS, US and EU to derive the concept of financial reporting fundamentals. In the article is supported the thesis that the integration of different national accounting legislation and internationally applicable accounting frameworks is a theoretical and practical possible and feasible process at the center of which lies the deductive conceptual approach. The ultimate outcome of accounting integration will be reflected in the global adoption of the concept that financial reporting is a whole, comprehensive and complete process that aims to provide high quality information about the entity's business, the results achieved and the effectiveness of its operations, the changes in its cash flows and equity. The research approach is aimed at carrying out a structural analysis of the fundamental rules, norms and requirements of the conceptual frameworks of IFRS and the US Generally Accepted Accounting Principles as well as the EU Accounting Regulations. On this basis, on the one hand, the basic similarities and resemblances of the accounting frameworks in question are systematized and, on the other hand, their most significant contradictions are summarized. An attempt has been made to outline the factors, conditions and circumstances that have led to the establishment and adoption of different concepts in the accounting and presentation of financial statements of business enterprises. The article presents the role and importance of the processes of harmonization, convergence and adaptation of accounting rules as part of the evolutionary development of financial reporting. The author draws special attention to the fact that the integration of financial reporting should not be absolutized. Accounting globalization implies that, at global level, basic concepts, principles, rules and bases of accounting and presentation of aggregated accounting information are adopted in the financial statements of enterprises but at the same time hierarchically subject to specific rules and norms corresponding to the local , national and regional specificities. Although a global consensus has been reached on the purpose of financial reporting, at an individual enterprise level, accounting needs to meet the objectives, requirements and needs of both the owners of the capital and the external users of the summarized accounting information. In this regard, the European Union's experience with the enterprise categorization approach and, for each category, the applicable accounting basis and the minimum requirements for the content and structure of the financial statements can be successfully used internationally.
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Guo, Ya. "Discussion on the Construction of Financial Accounting Theory Frame." Applied Mechanics and Materials 644-650 (September 2014): 6075–78. http://dx.doi.org/10.4028/www.scientific.net/amm.644-650.6075.
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Theory framework of financial accounting is the foundation of constructing the accounting theory and accounting practice. The problem of finance accounting theory frame has long been the accounting topic for scholars at home and abroad, scholars have made a variety of ideas of theoretical frameworks. And because the constituents of the theoretical framework of financial accounting are excessive and meticulous, the relationship is complex, the relationship levels of factors are difficult to be distinguished. Therefore, the paper builds a rigorous theoretical framework of financial accounting which is consistent with modern accounting development level is very necessary.
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Ehoff Jr., Clemense, and Dov Fischer. "Why The SEC Is Delaying Adoption Of International Financial Reporting Standards." International Business & Economics Research Journal (IBER) 12, no. 2 (January 31, 2013): 223. http://dx.doi.org/10.19030/iber.v12i2.7635.
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In 2002, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) formally began a process to converge Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). The SEC has repeatedly delayed its decision on whether to adopt International Financial Reporting Standards as the financial reporting system for U.S. public companies, continue with the convergence project, or reject IFRS altogether. This paper will examine several key reports issued by the SEC and the Financial Accounting Foundation to gain further insight into 1) why the SEC has repeatedly delayed its decision, and 2) what the SEC will ultimately decide.
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Druzhilovskaya, T. Y. "Financial Instruments accounting: innovations, problems, solutions." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 7 (July 25, 2022): 14–22. http://dx.doi.org/10.33920/med-17-2207-02.
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Recently, the importance of such objects as financial instruments has increased in the activities of Russian organizations of various forms of ownership and various industries (including healthcare). This necessitates a realistic accounting of these objects. In turn, for the implementation of realistic accounting, carefully developed rules are required, which are laid down in regulatory documents on accounting. In the system of international financial reporting standards (IFRS) there are a number of standards containing regulations for the accounting of financial instruments. Despite the fact that the Russian system of accounting standards (RAS) has long been in the process of being reformed based on international standards, the area of accounting for financial instruments is still not sufficiently regulated. At the same time, the program for the development of Russian federal accounting standards (FSBU) involves a number of changes in existing regulatory accounting documents, as well as the creation of new accounting standards. In this regard, it is of interest to analyze the FSBU Project “Financial Instruments” presented for discussion, developed by the Accounting Development Fund “National Non-State Accounting Regulator “Accounting Methodological Center” (Foundation “NRBU “BMC”). The study of the regulations of this FSBU “Financial Instruments” Project is carried out in this article. The research methods were comparison, analysis, synthesis, grouping method, systemic and logical approaches. As a result of the study, the article substantiates the positive aspects of the FSBU “Financial Instruments” Project, identifies some of its shortcomings, substantiates the value of this regulatory document for realizing the goal of reliable accounting of financial instruments.
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Stefanescu, Aurelia, and Eugeniu Turlea. "Accrual Accounting, Foundation For The Financial Reporting Into The Public Sector Entities." Annales Universitatis Apulensis Series Oeconomica 2, no. 13 (December 31, 2011): 309–14. http://dx.doi.org/10.29302/oeconomica.2011.13.2.14.
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Brandau, Michael, Christoph Endenich, Robert Luther, and Rouven Trapp. "Separation – integration – and now …? A historical perspective on the relationship between German management accounting and financial accounting." Accounting History 22, no. 1 (October 14, 2016): 67–91. http://dx.doi.org/10.1177/1032373216658035.
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German accounting has traditionally followed a dual ledger approach with strictly separated internal cost accounting, as the basis for management information, and external financial accounting focusing on creditor protection and based on the commercial law. However, the increased adoption of integrated accounting systems implies a significant change in the relationship between financial and management accounting systems. We use Hegelian dialectic to trace the historical development of German accounting from separated systems and antithetical propositions of full integration, to the emergence of partial integration as the synthesis of this transformation process. The foundation of our paper is a comprehensive analysis of the literature on the relationship between financial and management accounting in Germany. On this basis, we elaborate how financial accounting in Germany has been shaped by its economic context and legislation, and how financial accounting – accompanied by institutional pressures – in turn influenced management accounting. We argue that the changing relationship between management and financial accounting in the German context illustrates how current accounting practice is shaped not only by its environment, but also by its historical path. Based on this reasoning, we discuss several avenues for future research.
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Sihombing, Teresa Paulina, Nasirwan Nasirwan, and Chandra Situmeang. "The Effect of Accounting Information and Organizational Culture on Decision Making." Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences 3, no. 1 (February 12, 2020): 522–30. http://dx.doi.org/10.33258/birci.v3i1.800.
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This study examines the educational foundation's organizational decision making model that is the influence of accounting information and organizational culture on decision making. This research is a quantitative study with descriptive and inferential analysis. The sample of this study was 72 Catholic education foundations in Indonesia, which were tested by Partial Least Square (PLS) based analysis and data processing methods with the Smart PLS 3.0 program. This study obtains some empirical evidence, namely, first, accounting information significantly influences decision making. These results are consistent with the theory that the main purpose of the foundation's financial statements is to provide relevant information to meet the foundation's internal and external interests to help decision makers make the best decisions for the organization. Second, organizational culture significantly influences decision making. This result is in line with organizational culture theory which states that organizational culture is a value that is used as a reference in all decisions and actions of members of the organization and that reflects the goals, identity, and standard of evaluation of everything in the organization. So it was concluded that the best decision was a decision made based on accounting information and organizational culture at a Catholic education foundation in Indonesia
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Effendi, Mamat Rachmat. "DEVELOPMENT OF CASH WAQF BENEFITS SYNERGY FOUNDATION IN THE ECONOMIC EMPOWERMENT OF THE UMMAT." Amwaluna: Jurnal Ekonomi dan Keuangan Syariah 5, no. 1 (December 28, 2020): 29–39. http://dx.doi.org/10.29313/amwaluna.v5i1.6916.
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This paper discusses the development of cash waqf benefits which is directed at empowering the community's economy carried out by the synergy foundation in West Java. Cash waqf as one of the shari'ah financial instruments should be able to provide added value usefulness and a multifier effect in reviving the community's economy. The aim is to map the quality of institutions in managing the benefits of cash waqf for the economic empowerment of the people. The approach used is case studies with qualitative methods, the data were analyzed descriptively with a phenomenological naturalistic paradigm which emphasizes the nature of social reality and studies what appears in society. The results obtained in the field Sinergi Foundation have carried out professional, transparent and accountable, financial management using the accounting standard for zakat PSAK 109. The financial reports are audited by an independent public accountant and the results are Unqualified (WTP).
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Yuliarti, Norita Citra. "STUDI PENERAPAN PSAK 45 YAYASAN PANTI ASUHAN YABAPPENATIM JEMBER." JURNAL AKUNTANSI UNIVERSITAS JEMBER 12, no. 2 (March 31, 2015): 58. http://dx.doi.org/10.19184/jauj.v12i2.1411.
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Yayasan Panti Asuhan Yabbapenatim in managing funds from donors, and distribution process more inclined to charity to help education, health assistance, and support working capital. In the case of this disclosure orphanage foundation has not made a note to the financial statements and for the presentation of its financial statements Yayasan Panti Asuhan Yabbapenatim make two simple financial statement balance sheet and statement of sources and utilization of funds. Yayasan Panti Asuhan Yabbapenatim has met the statutory regulations charity to make the financial statements. However, the components of financial statements that are made not complete and not fulfill the components of financial statements in accordance with IAS 45, because of limited funds and human resources are managed. The financial statements have not been audited by an independent auditor or by a public accounting firm. Because if the audited it will provide added value for Transparency and accountability to the financial statements he made that will increase public confidence in the Yayasan Panti Asuhan Yabbapenatim to manage,distribute and use it. Key words: Accounting Foundation, IAS 45, Financial Reporting.
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Li, Xuefeng. "Research on Financial Efficiency of Yunnan Baiyao Based on Big Data." E3S Web of Conferences 214 (2020): 03046. http://dx.doi.org/10.1051/e3sconf/202021403046.
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The analysis of corporate financial efficiency can meet the different decision needs of users of accounting information. Big data transforms accounting information from real-time data to real-time cloud computing platforms, providing a rich information foundation for financial efficiency analysis of enterprises. This article uses the financial data of Yunnan Baiyao in the past six years, and analyzes the problems and countermeasures of its financial management by analyzing the company’s operating capacity, profitability, solvency and development ability, in order to provide useful reference for enterprise management.
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Movizar, Rully. "SISTEM AKUNTANSI PENGGAJIAN PADA KOPERASI KARYAWAN YAYASAN ANAKKU." Jurnal Ekonomi dan Manajemen 2, no. 1 (January 26, 2023): 125–32. http://dx.doi.org/10.56127/jekma.v2i1.505.
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All business organizations, including non-profit organizations, need an accounting system. The resulting financial information can be used as an accountability from one party to another. A good accounting system will be able to provide financial information that is needed by interested parties in assessing the performance of an entity and can then determine attitudes for decision making. A good accounting system must apply systematic internal control. If there are components of internal control that are lacking or not implemented, then it could be that the implementation of the accounting system in an entity will run less than optimally. -functions that should be and also to provide suggestions or recommendations regarding the best payroll accounting system for the Anakku Foundation Employee Cooperative. The data used in this study are in the form of interview results and also the required documents such as written notes to related letters. From the data analysis it can be seen that the payroll accounting system at the Anakku Foundation Cooperative has been running well because it is in accordance with the internal control structure, but there are still weaknesses, namely the lack of supervision of recording the time of attendance of the Anakku Foundation Employee Cooperative employees.
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Staglianò, Raffaele, and Maurizio La Rocca. "Theoretical foundation of diversification decisions: Opportunism or financial benefits." Corporate Ownership and Control 8, no. 2 (2011): 37–45. http://dx.doi.org/10.22495/cocv8i2p4.
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The impact of firm diversification on firm value has received considerable attention from economists. However, there is no consensus on the direction of this relationship. It may be that theoretical and empirical models do not capture several complexities of real-life setting, that affect the motivation to diversify. This article surveys recent studies that extend traditional frameworks to incorporate relevant aspect of corporate governance topics
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Hakim, Lukmanul, Dede Firmansyah Saefudin, Suhardi Suhardi, Ratnawati Ratnawati, Widi Witriani, and Dita Meiliani. "Pelatihan Pencatatan dan Pelaporan Keuangan dengan Zahir Accounting Di Yayasan Raudhah Syarifah Kabupaten Purwakarta." Jurnal Abdimas Ekonomi dan Bisnis 1, no. 2 (November 5, 2022): 105–13. http://dx.doi.org/10.31294/abdiekbis.v1i2.735.
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The purpose of this community service activity (PkM) is to implement the management of financial reports with the desktop version of the Zahir Accounting application in educational institutions. Training is used as a method in PkM activities both offline and online with the Zoom Clouds Meeting application. The activity was held on Sunday 3 October 2021 at the Foundation Hall located in Purwakarta Regency. The conclusions from the results of the PkM implementation are: First, the financial recording and reporting training activities with Zahir Accounting as community service at the Raudhah Syarifah Foundation, Purwakarta Regency were successfully held. Second, Zahir Accounting Software can be implemented in educational institutions that are categorized as service companies. Third, the use of Zahir Accounting can improve the quality of financial recording and reporting. Fourth, there was an increase in the knowledge of participants by 81.8 percent and an increase in the skills of participants by 54.55 percent. Fifth, the level of participants' satisfaction with the implementation of PKM is in the high category. Recommendations for further activities are to increase the training time to two working days, increase case examples, and provide assistance when partner institutions implement the Zahir Accounting application.
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Wibisono, Nurharibnu, Hidayatul Alveniawati, and Arini Wildaniyati. "IMPLEMENTASI ISAK 35 PADA YAYASAN IKATAN PERSAUDARAAN HAJI INDONESIA MADIUN." JURNAL EKOMAKS Jurnal Ilmu Ekonomi Manajemen dan Akuntansi 11, no. 2 (October 10, 2022): 186–91. http://dx.doi.org/10.33319/jeko.v11i2.124.
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The goal of this study is firts, to know the management of financial of the Madiun Indonesian Hajj Brotherhood Foundation (IPHI). Second, To obstain the processing of financial statement at the Indonesian Hajj Brotherhood Foundation in Madiun with financial statements according to ISAK 35. This study is a qualitative analysis that purposes to answer questions regarding financial management at the foundation and the suitability of its financial management based ISAK 35. Collecting data through observation, interviews also with documentation. The data is processed by means of descriptive analysis. The output of research show that the Financial Statements based on ISAK 35 consist of various inform including balance sheet, report of comprehensive income, statement of changes in net assets, report of cash flows also notes to financial reports. However, the IPHI Madiun Foundation has not made the 5 (five) financial reports based on applicable standards. IPHI Madiun Foundation only makes cash in and cash out finacial reports. Accountability within the IPHI Madiun Foundation has not been carried out optimally, as evidenced by the absence of disclosure of financial conditions to the public or to donors. Recommendation that can be given are in terms of preparing financial report in conformability with ISAK 35, it can be done by participating in training which is hope to improve knowledge in the field of accounting. With ISAK 35 the IPHI Madiun Foundation may be give directives to the presentation of financial statements, and the IPHI Madiun Foundation will be more obedient to the regulations so that accountability can be obtained.
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Satiman, Satiman, Suparmin Suparmin, Edon Ramdani, Maharani Maharani, and Rahma Wiyanti. "PELATIHAN AKUNTANSI DAPAT MENINGKATKAN KINERJA WIRAUSAHA." Abdimisi 1, no. 2 (September 22, 2020): 145. http://dx.doi.org/10.32493/abms.v1i2.5587.
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The purpose of this community service is to provide accounting training for the children of the Al-Kamilah Foundation in the form of financial reporting, BEP calculations, etc. so that they are enthusiastic in establishing an independent business. The method of community service is training, seminars, and discussions. The population in this community service activity is 100 children who are under the auspices of the Al-Kamilah Pamulang Foundation. The result of this community service is that all participants can apply accounting theory in their efforts. Keywords: Accounting Training, Entrepreneurship
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Serhan, Ali. "DEVELOPMENT OF ACCOUNTING INFORMATION SYSTEMS AND THE BARRIERS FACED IN DEVELOPING NATIONS." Business Excellence and Management 10, no. 2 (June 15, 2020): 84–96. http://dx.doi.org/10.24818/beman/2020.10.2-06.
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Accounting Information Systems facilitate the automation of accounting information. The accounting information of an organization creates the foundation on which the entity’s financial reports are generated. In spite of the fact that plenty of attention has been placed to the development and advancement of accounting professions in the developing countries, there has been very minimal emphasis placed in determining the implementation of accounting information systems. The main purpose of this research study is to examine the development of accounting information systems and the barriers that are experienced in developing nations, with a specific case study on Lebanon. The findings of the study established that the barriers include organizational structure, lack of technological advancements, poor training and education, and financial problems in the costly setting up of AIS. The strategies that organizations should take up include the training and education of managers and accountants within the organizations to gain competencies in carrying out accounting information systems, gain financially feasible contracts for setting up the systems and changing organizational structures to embrace advancements in technology.
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Joseph, George. "Implications of a Stakeholder View on Corporate Reporting." Accounting and the Public Interest 7, no. 1 (January 1, 2007): 50–65. http://dx.doi.org/10.2308/api.2007.7.1.50.
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While the stakeholder view is increasingly being seen as an integral part of corporate governance, a corresponding view has not emerged in corporate reporting. This paper explores the possibility of a normative stakeholder view of corporate reporting by addressing the foundation of financial reports, the underlying mission of the conceptual framework contained in Statement of Financial Accounting Concepts No. 1. Specifically, the paper contrasts mission concepts to find a suitable foundation for the stakeholder view that would sufficiently project the ideas, and particularly the public interest perspective contained in that view. The paper also illustrates how the mission of corporate reporting extends to other areas in the conceptual framework and international accounting, and critically reviews the current trajectory of corporate reporting in the light of the implications of the stakeholder view.
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Zeff, Stephen A. "The Early Years of the Financial Accounting Foundation and the Financial Accounting Standards Board, 1972 to 1980: The “Special Relationship” with the AICPA." Journal of Financial Reporting 3, no. 1 (September 2018): 117–26. http://dx.doi.org/10.2308/jfir-52291.
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Swieringa, Robert J. "The Early Years of the Financial Accounting Foundation and the Financial Accounting Standards Board, 1972 to 1980: The “Special Relationship” with the AICPA." Journal of Financial Reporting 3, no. 1 (September 2018): 127–30. http://dx.doi.org/10.2308/jfir-52293.
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Dye, Ronald A. "Some Recent Advances in the Theory of Financial Reporting and Disclosures." Accounting Horizons 31, no. 3 (February 1, 2017): 39–54. http://dx.doi.org/10.2308/acch-51717.
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SYNOPSIS This is a personal essay that contains my views on some of the recent history and evolution of the theory of financial accounting and disclosures. The essay starts by discussing how research on information economics by Hirshleifer and Akerlof combined with Demski's critique of academic assessments of accounting standards shifted theoretical research toward emphasizing the role of voluntary disclosures. Grossman's and Milgrom's “unravelling result” is reviewed, as are recent modeling efforts that provide a foundation for studying firms' incomplete voluntary disclosures. The paper also speaks to some contemporary financial reporting problems, such as fair value accounting, and also to an assessment of some recent financial innovations, such as so-called flash trading.
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Herasymenko, Oksana, and Valeriia Bachynska. "Blockchain technology for accounting and distribution of contributions from a charitable foundation." Technology audit and production reserves 5, no. 2(61) (September 23, 2021): 9–14. http://dx.doi.org/10.15587/2706-5448.2021.239019.
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The object of research is software for financial accounting and distribution of funds in a non-profit charitable foundation using smart contracts of the Ethereum platform. The work is aimed at designing and implementing a software application for a charitable foundation, which allows to exclude the misuse of funds of a non-profit charitable foundation. The paper proposes an implementation of the Ethereum smart contract for the software of a charitable foundation. In the app, users can apply for financial aid or make a charitable donation. The request for financial support is confirmed by administrators to avoid abuse by those seeking help. Anyone who has a crypto wallet can become a sponsor by transferring funds from its account to a selected request. The sponsor remains incognito when making a charitable contribution. After collecting the entire declared amount, the funds are automatically transferred to the crypto wallet of the request’s owner. A smart contract and a corresponding decentralized web application for interacting with it were experimentally deployed, and their joint work was tested. To implement the smart contract, the Solidity programming language was chosen; developed smart contract converted to bytecode using remix. The resulting bytecode is ready to be deployed on the Ethereum platform. Decentralized web application for interacting with the contract is implemented using Web3.js, Vue.js. A rough estimate of the cost of deploying a project on the Ethereum platform has been made. The deployment and operation of smart contracts and web applications comes with a certain overhead, which is most dependent on the cost of ether. However, this is a justified price to pay for the transparency of transactions and the shadowing of the turnover of funds of the charitable foundation. The results of the research can be used as a basis for further transformation into full-fledged software with the ability to submit all reporting documents to the relevant government agencies and sponsors.
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Widiyanti, Ade. "PROYEKSI AKUNTABILITAS KEUANGAN SERTA IMPLIKASINYA TERHADAP KINERJA PERGURUAN TINGGI SWASTA." TECHNOBIZ : International Journal of Business 5, no. 2 (December 12, 2022): 124. http://dx.doi.org/10.33365/tb.v5i2.2245.
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This study aims to examine and analyze the effect of the implementation of the internal quality assurance system, the implementation of the accounting information system and the commitment of the foundation leadership to financial management accountability and its implications for the performance of the tridharma of private universities. The object of research is private universities under the Regional IV Higher Education Service Institute for West Java and Banten (LLDikti IV). The sample used in the study was 219 universities. The data was obtained by distributing questionnaires to the respondents, namely the leaders of private universities in the LLDikti IV area. Data were analyzed using structural equation modeling (SEM). There is no significant effect between the implementation of the internal quality assurance system and financial management accountability (2) there is a positive and significant effect between the implementation of the internal quality assurance system and the performance of the higher education tridharma (3) there is a positive and significant effect between the implementation of the accounting information system and financial management accountability (4) there is no significant effect between the implementation of the accounting information system and the performance of the higher education tridharma (5) there is no significant effect between the commitment of the foundation leadership and financial management accountability (6) there is a positive and significant effect between the commitment of the foundation leadership and the performance of the higher education tridharma (7) there is a positive and significant effect between financial management accountability and the performance of higher education tridharma
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Nilasari, Yekti, and Dheni Dwi Pangestuti. "Akuntansi Pesantren Berbasis Kewirausahaan Berdasarkan SAK ETAP Dengan Aplikasi Myob." Owner 7, no. 1 (December 31, 2022): 458–69. http://dx.doi.org/10.33395/owner.v7i1.1299.
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The basic principle of accountability for entities must be able to account for their performance in a transparent and fair manner. Presentation of the Financial Statements of an entity is very important in conveying financial information to parties in need, the higher the value of public trust in an entity, the higher the value of an entity. Accounting as an accountability process has an important role in every organization, including Islamic boarding schools. The Indonesian Accounting Association and Bank Indonesia, which have issued accounting guidelines for pesantren, consider pesantren as a sharia entity.The presentation of financial statements will provide information about the financial position, financial performance and cash flows that will be useful for users of the report in making economic decisions. Islamic Boarding School is a reporting entity that has a legal entity in the form of a foundation. As a reporting entity, the assets and liabilities of Islamic boarding schools must be distinguished from the assets and liabilities of other entities. The pesantren accounting guidelines refer to the Financial Accounting Standards of Entities Without Public Accountability, the reference indicates that SAK ETAP, Statement of Islamic Financial Accounting Standards and Interpretation of Financial Accounting Standards cannot be separated from the convergence process of International Financial Reporting Standards as basis for the preparation of SAK in Indonesia.The research method used is descriptive qualitative with the results of research on the preparation of SAK ETAP financial statements for accounting for the Islamic boarding school Kanzul Ulum Cirebon.
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Blouin, Jennifer L., and Leslie A. Robinson. "Insights from Academic Participation in the FAF's Initial PIR: The PIR of FIN 48." Accounting Horizons 28, no. 3 (March 1, 2014): 479–500. http://dx.doi.org/10.2308/acch-50761.
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SYNOPSIS In 2009, the Financial Accounting Foundation (FAF) determined that the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) standard setting process required a formal review to monitor and address issues that can arise after the implementation of accounting standards. The FAF selected FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes, as the initial post-implementation review (PIR) standard. This paper informs the academic community about the PIR process and provides an academic perspective on the initial PIR of FIN 48. In particular, we demonstrate the role of the academic literature using the FIN 48 literature review prepared as part of the PIR process.
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Narawi, Susana, Shafi Mohamad, and Lulu Jonathan. "Use of interactive accounting game to enhance students' test scores : evidence from Universiti Teknologi MARA Sarawak." Social and Management Research Journal 8, no. 1 (June 1, 2011): 37. http://dx.doi.org/10.24191/smrj.v8i1.5195.
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A strong foundation in the basic principles of accounting is important for accounting students as they move on to further studies in financial accounting of higher levels. The aim ofthis research was to investigate whether there were any significant differences in accounting students' performance after being exposed to the Accounting Balancing Game at Universiti Teknologi MARA (UiTM) Sarawak. This study found that 76% of the accounting students who were exposed to the Accounting Balancing Game improved their performance. The results showed that there was a significant improvement between pre and post-test scores by the experimental group. However there was no significant improvement between pre and post-test scores by the control group. Hence the results of this study offer useful insights in enhancing the teaching and learning of financial accounting for future accounting students in local universities.
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Polyanin, Alexander Evgenievich. "Accounting and analytical support for monitoring the effectiveness of investment projects." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 8 (August 22, 2022): 39–47. http://dx.doi.org/10.33920/med-17-2208-04.
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As you know, the foundation of any investment project is formalized methods and criteria. To date, quite a lot of experience has been gained in evaluating investment projects at the preliminary stage, but problems arise in the organization of accounting and analytical support for monitoring their performance at the implementation and operation stages. This study proposes an author’s approach to accounting and analytical support for monitoring the effectiveness of investment projects, which involves the allocation of three areas of target indicators: economic, environmental, social, based on the calculation of financial and non-financial indicators.
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Atufah, Intan Devi. "PENERAPAN PSAK NO.45 TENTANG PELAPORAN KEUANGAN ORGANISASI NIRLABA YAYASAN PENDIDIKAN PONDOK PESANTREN AL-KHAIRIYAH." International Journal of Social Science and Business 2, no. 3 (December 6, 2018): 115. http://dx.doi.org/10.23887/ijssb.v2i3.16218.
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Now days non profit organizations in Indonesia still tend to emphasize the priority of program quality and not too much attention to the importance of financial management systems. Though a good financial management system is believed to be one of the main indicators of accountability and tranparency of an institution. Reporting and financial management of the corresponding set in the Statement of Financial Accounting Standards (SFAS) 45 of the financial reporting of nonprofit organizations. The purpose of this study was to determine whether application of the financial reporting on Educational Foundation Boarding School Al-Khairiyah with what has been stated in SFAS 45. Descriptive research methods with qualityve analysis techniques outlines, describe and recontruct a data. The result showed that the financial statement in accordance with the Educational Foundation Boarding School Al-Khairiyah yet financial statement based nonprofit financial statement formats that exist in SFAS 45. The financial statements of which there are some cash flow statements regarding expenditures and income to their understanding. Educational Foundation Boarding School Al-Khairiyah does not present a statement of financial position, statement of activities, statementof cash flows, and notes to the financial statements. The preparation of financial statement sshould be guided by Educational Foundation Boarding School Al-Khairiyah and follow the conditions set by the Indonesian Institute of Accountants (IAI) contained in SFAS 45 that the information presented in the financial statement be clear, relevant and has a high appeal
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Miller, Paul B. W. "Viewing the 1996 FAF Restructuring as Policy Making without a Formal Due Process." Accounting Horizons 16, no. 3 (September 1, 2002): 199–214. http://dx.doi.org/10.2308/acch.2002.16.3.199.
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In 1996, a major financial reporting controversy emerged, escalated, and was resolved without substantial exposure or a formal due process. Specifically, a committee of the Financial Executives Institute (FEI) sent a letter to the chair of the Financial Accounting Foundation (FAF) asserting that the Financial Accounting Standards Board (FASB) “process is broken and in need of substantive repair.” When Securities and Exchange Commission (SEC) Chair Arthur Levitt determined that neither FAF nor public accounting leaders were dealing with the FEI proposals to his satisfaction, he acted to defeat this perceived threat to FASB's independence, focusing on the composition of the FAF. In response, the FAF trustees resisted because they viewed his intervention as a threat to FASB's independence. When the trustees did not voluntarily change, Levitt proposed reconsidering Accounting Series Release No. 150, which designates FASB as the sole source of GAAP for SEC filings. Eventually, Levitt prevailed. This paper describes this intervention as a case of policy making without a formal due process and adds to the already weighty evidence that accounting standards are political.
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Figlewicz, Raymond E., Donald T. Anderson, and C. David Strupeck. "THE EVOLUTION AND CURRENT STATE OF FINANCIAL ACCOUNTING CONCEPTS AND STANDARDS IN THE NONBUSINESS SECTOR." Accounting Historians Journal 12, no. 1 (March 1, 1985): 73–98. http://dx.doi.org/10.2308/0148-4184.12.1.73.
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This article presents a condensed history of significant post 1900 developments in nonbusiness financial accounting practices and standards, and highlights some of the major issues in the recent increase in interest and activity in nonbusiness accounting. It includes consideration of federal, state, and local government units along with various types of nongovernmental nonbusiness entities. The initial section of the article traces both the development of fund accounting techniques and the discovery of their inadequacies. Next, the article discusses developments in standard-setting and the search for a sound theoretical foundation. Finally, it presents a current profile of nonbusiness accounting. The article implies that nonbusiness accounting can no longer be treated as a secondary consideration. The nonbusiness sector is a major component of the environment that requires sound financial accounting and reporting standards and practices.
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Johnson, Timothy C. "Reciprocity as a Foundation of Financial Economics." Journal of Business Ethics 131, no. 1 (July 6, 2014): 43–67. http://dx.doi.org/10.1007/s10551-014-2257-x.
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Serpeninova, Yu, L. Kobyletska, and M. Horodetska. "THEORETICAL AND METHODOLOGICAL ASPECTS OF CHANGES IN ACCOUNTING POLICY ACCORDING TO INTERNATIONAL AND NATIONAL STANDARDS." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 3 (2020): 269–75. http://dx.doi.org/10.21272/1817-9215.2020.3-29.
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Accounting policy is an internal document that contains data to ensure effective accounting, preparation and presentation of financial information, which is developed to combine with management decisions. The use of accounting policies should be consistently for similar transactions, other events or conditions. An entity has the right to change accounting policies only with the documentation of changes and their foundation. Cases in which it is possible to change the use to the accounting policies can be voluntary and mandatory. Accountants should use the theoretical and methodological aspects set out in UAS 6 “Error Correction and Changes in Financial Statements” and IAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors” to reflect properly changes in the accounting policies. Due to detailed analysis of these standards, IAS 8 was found to consist all needed methodology of accounting policy changes. The international standard gives variable instructions on: financial statements data change due to the event of factors that exist on this balance sheet; information to be covered in the notes (disclosure) to financial statements; accounting estimate changes, etc. International and national standards disclose changes and amendments to the accounting policies. This fact is very important for the users of the accounting policies and financial statements, as the amendment does not provide any financial statements data change. The company should clearly understand the difference between changes in the accounting policies and accounting estimates, know due to what circumstances retrospective application of changes in the accounting policies is impossible and how reflect them properly in a prospective way. To ease understanding of the described processes an algorithm for using changes in accounting policies according to international and national standards was developed. This will improve the quality of information presented in the financial statements of the company and as a result of using these data top management will make effective decisions.
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Maghfira, Addiena, Alifah Ghaisani Putri, Annisa Nur Listianto, Grace Putri, and Anisa Putri Astuti. "PRESENTATION OF THE FINANCIAL STATEMENTS OF NON-PROFIT ENTITIES BASED ON ISAK 35 AT THE HATI GEMBIRA INDONESIA FOUNDATION." MARGINAL : JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES 1, no. 4 (July 9, 2022): 1–16. http://dx.doi.org/10.55047/marginal.v1i4.233.
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A non-profit organization is an organization whose primary objective is non-commercial, without any intention of making any profit. ISAK 35 is a guideline in the presentation of financial statements for non-profit oriented entities that has been approved by Board of Financial Accounting Standards of the Indonesian Institute of Accountants (DSAK IAI) and has been implemented since 1st January 2020. This study aims to determine the suitability of presenting financial statements based on ISAK 35 at the Hati Gembira Indonesia Foundation. Data collection techniques using secondary data. This research uses descriptive qualitative method as the method of analysis. The results of this study prove that Hati Gembira Indonesia Foundation has presented financial statements for the 2020 period in accordance with ISAK 35, but further adjustments are needed to produce quality financial reports.
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Hacherová, Ž., and P. Szovics. "Assets and financial situation in the companies of agricultural primary production in Slovakia." Agricultural Economics (Zemědělská ekonomika) 48, No. 8 (March 1, 2012): 353–58. http://dx.doi.org/10.17221/5334-agricecon.
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This paper analyses assets and liability structure on the selected data set from the primary agricultural production in Slovakia. Accounting is presented as a complex foundation, information system, which provides information for decision-making and company management. The source of input data are accounting records generating statements of finances. The theme of the paper is selected issues of balance sheet analysis. The results of the research show unfavorable total assets development. The index 2000/1999 has the value 96.7. There are long-term problems in liabilities volume and structure. Equity capital stagnates. Borrowed capital decrease because of the decreas in loans. Loans were 2 741 SKK/ha in 2000. Most of the companies are in primary insolvency position, when payables after maturity are twice higher than receivables after maturity.
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Sugeha, Aldiansyah, and Linda Lambey. "PENERAPAN PSAK NO. 45 REVISI TAHUN 2015 PADA YAYASAN MADRASAH IBTIDAIYAH BAITUL MAKMUR KOTA KOTAMOBAGU." ACCOUNTABILITY 6, no. 1 (June 20, 2017): 92. http://dx.doi.org/10.32400/ja.16031.6.1.2017.92-102.
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Along with the times, now a non-profit organization has been growing rapidly, for example a foundation engaged in educational, religious, health and others. Kotamobagu State Islamic Elementary School is an example of a foundation that is engaged in the field of education are categorized into non-profit organizations because it has the resources coming from student fees and parental contributions. As with any profit organizations, non-profit organizations also require knowledge of accounting to record expenses and revenues. In order to provide some form of responsibility and accountability to the community, the foundation is also required to prepare financial statements in accordance with the rules or standards that already exist. The purpose of this study was to determine the Financial Statements of Government Elementary School Baitul Makmur when applying PSAK No. 45. The method used is descriptive qualitative. Result shows that Government Elementary School have made a financial statement is still as simple as cash receipt book, cash expenditure book, the book recapitulation and did not make statements as set forth in PSAK No. 45.Keywords : PSAK, Nonprofit, Financial Statement
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Saptowinarko P., Margo. "Penerapan PSAK Nomor 45 Tentang Pelaporan Keuangan Organisasi Nirlaba Pada Rumah Sakit Bunda Surabaya." BIP's JURNAL BISNIS PERSPEKTIF 4, no. 2 (July 31, 2012): 222–41. http://dx.doi.org/10.37477/bip.v4i2.152.
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The Financial Statements of Not-for- Profit Organizations set in Statement of Financial Accounting Standards (SFAS 45) issued by the Indonesian Institute of Accountants (IAI). This is motivated by the demands of financial transparency and aim for a uniform presentation of financial statements that nonprofit financialstatements can be more easily understood.Financial reporting should provide information about the performance of an organization during a period. Periodic measurement of the changes in the amount and nature of the net resources of a nonbusiness organization and information about the service efforts andaccomplishment of an organizations together represent the information most useful in assessing its performance.In the form of legal entity or business entity, in general, non-profit organization in Indonesia is the Foundation. Bunda Hospital Surabaya is a hospital founded by Bunda foundation with the intent and purpose of doing business in social and humanitarian issues.
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Geng, Xin, and Manos Kalargiros. "Why does affect matter in accounting: a review of experimental studies on the effect of affect." Journal of Accounting Literature 44, no. 1 (November 29, 2021): 1–39. http://dx.doi.org/10.1108/jal-11-2021-0005.
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PurposeThe effect of affect in accounting contexts has recently attracted interest, but numerous questions still remain. Given that affect can significantly impact a variety of accounting judgments and decisions in theoretically different manners, the purpose of this synthesis is to understand the state of extant accounting literature in affect and identify directions for future research.Design/methodology/approachThis synthesis systematically reviews experimental accounting papers related to affect in both theoretical and functional respects. The authors first elaborate on the affect infusion theory as the theoretical foundation for the synthesis. The authors then present the sampling method. In Section 4, the authors conceptually and factually summarize affect accounting papers in terms of four major functional areas: auditing, managerial/corporate accounting, tax and financial accounting. The implications of moderators examined in some papers are also discussed. Finally, the authors conclude by revisiting the importance of affect in accounting contexts.FindingsThroughout the synthesis, the authors provide future research opportunities with respect to theories, each functional area and other gaps in the accounting literature.Originality/valueThis synthesis contributes to the accounting literature by providing a pathway to understand the development of accounting research on affect, integrating theoretical foundations and offering future research opportunities to advance the literature.
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Wang, Ding, Chao Feng Wang, Min Huang, and Ying Wang. "Semi-Automatic Generation Model of Elements in XBRL Taxonomy." Applied Mechanics and Materials 411-414 (September 2013): 467–72. http://dx.doi.org/10.4028/www.scientific.net/amm.411-414.467.
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XBRL taxonomy is the latest technology applied to process accounting information at present. The financial elements determination and formalization are the foundation of the XBRL taxonomy. In this paper, the process of the elements generation is analyzed and a semi-automatic generation model of elements is proposed. By validation results show that this model can reduce the workload and error rate of element generation, improve the quality of taxonomy and lay a good foundation for XBRL application.
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Siswantoro, Dodik, and Shahul Hameed Mohamed Ibrahim. "SHOULD ISLAMIC ACCOUNTING STANDARD FOLLOW TO INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)? A LESSON FROM MALAYSIA." Media Riset Akuntansi, Auditing dan Informasi 13, no. 1 (May 3, 2017): 35. http://dx.doi.org/10.25105/mraai.v13i1.1736.
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<p>It has been clearly shown that financing based Islamic teaching has inherent<br />characteristics as well as its accounting. For that reason, it may not be so easy to<br />convert Islamic accounting standard into International Financial Reporting<br />Standard (IFRS) as it may violate some basic principles of Islamic teaching.<br />Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI)<br />still commits to have different accounting standard as it is based on the fiqh<br />(maxims). Furthermore, some countries adopt directly or indirectly the concept in<br />IFRS, for example, in Malaysia. This paper tries to show some evidences on<br />accounting standard which does not have a strong foundation of Islamic teaching<br />would like probably to change by its milieu, especially in the IFRS convergence<br />trend. This is because Islamic accounting standard itself merely based on “the<br />convention” of the so called Islamic scholars.<br />Keywords : Islamic Accounting, IFRS, and standard</p>
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Savova, Kameliya. "DIFFERENCES IN APPLICATION OF ACCOUNTING STANDARDS – CURRENT ASPECTS." Ekonomicko-manazerske spektrum 15, no. 1 (June 30, 2020): 111–23. http://dx.doi.org/10.26552/ems.2021.1.111-123.
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Accounting standards and variance in their application is one of the current topics in economic research. Standardization in accounting represents the accepted organization of financial reporting and being aware of it contributes to making effective business decisions. The purpose of the study is to present the applicable accounting standards for publicly traded companies and for enterprises which do not issue securities, from a global standpoint in general, and for Bulgaria in particular. The results are based on data about the monitored jurisdictions of the International Financial Reporting Standards Foundation and Bulgaria. The research methodology is based on the methods of analysis and synthesis, comparison and generalization, study of literature and empirical data. The assertions are that the applicable accounting standards have a theoretical nature of working principles, rules, and approaches to financial reporting, and that basic accounting standards are elementary components of methodological accounting tools. It has been established that publicly traded companies apply the International Financial Reporting Standards (IFRS) in almost 75% of the states worldwide, while enterprises which do not issue securities adopt IFRS for small and medium-sized enterprises or national accounting standards as a basis for accounting, which constitutes grounds to conclude, that the differences in accounting across the world are not large, and that it is appropriate to perceive the applicable accounting standards as a macroeconomic characteristic. In Bulgaria, the standardization and legal regulation of accounting are in accordance with internationally accepted regulations and established practices of the European Union. The establishment and adoption of global accounting standards is a contribution of accounting to the modern development of mankind.
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Elam, Rick, Mitchell R. Wenger, and Kelly L. Williams. "XBRL Tagging of Financial Statement Data Using XMLSpy:The Small Company Case." Issues in Accounting Education 27, no. 3 (March 1, 2012): 761–81. http://dx.doi.org/10.2308/iace-50162.
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ABSTRACT Publicly traded companies in the U.S. are required by the Securities and Exchange Commission (SEC) to file their financial statement data using XBRL tags. Other countries using international accounting standards have adopted similar XBRL filing requirements. This case provides a brief introduction to XBRL for business or accounting majors, and uses freely available software products (Altova XMLSpy) and training tools that help learners quickly progress through a basic introduction to XML (the foundation for XBRL), the XBRL taxonomy schema, and actual tagging of financial statement numbers. The basic skills learned in this case give accountants and other business professionals a working knowledge of how XBRL and other XML-based business documents are and can be used in practice. The case also raises awareness of the XBRL taxonomy development bodies, filing repositories, and development tools available in this domain for those interested in pursuing this technology in more detail.
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Dunbar, Amy E., and David P. Weber. "What Influences Accounting Research? A Citations-Based Analysis." Issues in Accounting Education 29, no. 1 (August 1, 2013): 1–60. http://dx.doi.org/10.2308/iace-50603.
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ABSTRACT We compile and analyze the reference lists from papers published in nine accounting journals over the period 1996–2011 to identify the individual antecedent works that have been cited the most often by accounting research. We conduct our analyses separately for different topical areas (audit, financial, managerial, tax, other) and research methodologies (archival, experimental, theoretical, other). We then present and discuss lists of the individual works that are most heavily cited by each category. Our results should be useful to Ph.D. students and those who train them in identifying important prior work that continues to motivate and provide a foundation for contemporary accounting research.
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Entwistle, Gary M., and Fred Phillips. "Relevance, Reliability, and the Earnings Quality Debate." Issues in Accounting Education 18, no. 1 (February 1, 2003): 79–92. http://dx.doi.org/10.2308/iace.2003.18.1.79.
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These instructional materials are designed to elicit debate about the primary accounting qualities of relevance and reliability, and to encourage you to consider how these qualities are linked to the debate over earnings quality. The case material comprises two narrative essays, which elicit divergent views about relevance and reliability, and several discussion questions. You will use these essays and discussion questions as the foundation for a discussion and building a deeper understanding of earnings quality, through extensive inquiry of fundamental financial accounting concepts.