Academic literature on the topic 'Role of accounting'

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Journal articles on the topic "Role of accounting"

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Abreu, Rute. "Accounting for Citizenship: The Role of Accountant." Procedia Economics and Finance 26 (2015): 933–41. http://dx.doi.org/10.1016/s2212-5671(15)00909-0.

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Makarenko, Inna, and Alex Plastun. "The role of accounting in sustainable development." Accounting and Financial Control 1, no. 2 (June 8, 2017): 4–12. http://dx.doi.org/10.21511/afc.01(2).2017.01.

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Ideology of Sustainable Development and Sustainable Development Goals influence the transformation of business processes in the companies. Professional accountants are important part of this transformation. In this paper the role of accounting in Sustainable Development Goals achievement is discussed. Different approaches to structuring the role of professional accountants in Sustainable Development are investigated. Among them are types of roles that perform accountants, their professional functions, skills and competencies in the corporate environment. As the result a holistic vision of the role of accounting in sustainable development in the new economic conditions is provided.
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Savić, Aleksandar, Miloš Miljković, and Tamara Damnjanović. "Role of accounting documents accounting information system." Oditor - casopis za Menadzment, finansije i pravo 4, no. 3 (2018): 110–27. http://dx.doi.org/10.5937/oditor1803111s.

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Güney, Aysel. "Role of Technology in Accounting and E-accounting." Procedia - Social and Behavioral Sciences 152 (October 2014): 852–55. http://dx.doi.org/10.1016/j.sbspro.2014.09.333.

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P.MUTHULAKSHMI, P. MUTHULAKSHMI. "Examining The Role of Responsibility Accounting in Organizational Structure." International Journal of Scientific Research 3, no. 4 (June 1, 2012): 1–3. http://dx.doi.org/10.15373/22778179/apr2014/209.

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Denison, Christine A., Sue P. Ravenscroft, and Paul F. Williams. "Accounting and Public Policy: The Importance of Credible Research." Accounting and the Public Interest 14, no. 1 (December 1, 2014): 113–27. http://dx.doi.org/10.2308/apin-51158.

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ABSTRACT Accounting as a professional practice plays a profound, unavoidable, and often unnoticed role in the lives of all citizens. As members of the Public Interest Section of the American Accounting Association, we explicitly explore the myriad social roles of accounting and promote its use to improve the general well-being. In this forum, to say accounting matters is to state the obvious and uncontested. Accounting's important social role imposes responsibilities on those defining and studying that role; as academics we are obligated to promote the highest standards in our research on accounting practice and its social implications. However, the dominant accounting research that explores and attempts to underlay accounting practice does not consistently adhere to the basic precepts of good scientific research practice. To serve the public interest, researchers in accounting can and must do more than award and distribute status via publication in journals whose prestige is high but whose requirements fail to meet scientific standards of reproducibility. We look first at the importance of accounting's role in society. Then we evaluate existing research practices in accounting and find them inadequate to the demands of scientific standards. We provide examples accounting academics could adopt from related disciplines in pursuit of more reliable research findings.
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Rajeevan, Shanmugavel. "Management accountant’s role and society’s expectations: Sri Lankan study." Asian Journal of Accounting Research 4, no. 2 (October 14, 2019): 202–32. http://dx.doi.org/10.1108/ajar-05-2019-0032.

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Purpose The purpose of this paper is to gain insights into the gap between management accounting professional’s role and the societal expectations of the management accounting professionals in Sri Lanka. Design/methodology/approach A quantitative research approach was adopted to identify the statistical gap of the management accountant’s role and society’s expectations. Four business sectors were selected from Colombo Stock Exchange as of 31 December 2018. Sample consisted of 160 entities; 480 questionnaires were distributed among three stakeholders (financial accountant/manager, management accountant and human resource manager). Out of the 228 responses received, only 171 responses were usable. Exhibiting an overall response rate of 35.6 per cent. Findings The role expectation of management accountants varies significantly across the selected business sectors in Sri Lanka. There is an increasing demand for contemporary management accounting skills in Sri Lanka. Practical implications The insights of this study would be of use to policy makers and policy implementers to examine and develop remedial measures to enhance the creditability and transparency of the management accounting profession in Sri Lanka. Academic and professional educational providers can identify future trends and necessary skills of management accounting to improve management accounting curriculum. Originality/value The evidence from this study contributes to the literature of societal importance of management accounting from a Sri Lankan perspective.
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Wahyuni-TD, Ika Sari, Yudi Fernando, Evi Hasnita, and Evi Hasnita. "ROLE OF ISLAMIC ETHICS TOWARDS ETHICAL ACCOUNTING PRACTICE." Journal of Governance and Integrity 2, no. 1 (October 16, 2018): 23–27. http://dx.doi.org/10.15282/jgi.2.1.2018.5535.

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The objective of this paper is to understand the role of Islamic ethics and its application towards a more ethical accounting practice. This paper has reviewed the literature on Islamic ethics and ethical accounting practice and found that four critical domains of Islamic ethics such as 1) accounting education; 2) principle of Islamic ethics; 3) code of ethics for accountants and 4) application of Islamic ethics for accountants. This study concludes that an Islamic guideline for accountants is a driver of ethical behaviour to comply with Islamic principles. It is highly needed in the current turbulence business environment and competitors’ pressure. The Muslim accountant can use Islamic ethics as a reference to ensure the excellent audit work to comply with Shari’ah requirements and to provide the required information demanded by society such as by doing khayr (goodness), birr (righteousness), ‘adl (equilibrium and justice), trust (Amanah), benevolence (Ihsaan) and others. The understanding and application of Islamic ethics contribute to a more ethical accounting practice.
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Gk, Supriya. "The Role of Human Resource Accounting for Gaining Competitive Advantage." International Journal of Trend in Scientific Research and Development Volume-3, Issue-2 (February 28, 2019): 1020–23. http://dx.doi.org/10.31142/ijtsrd21555.

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Cameron, Kirk W. "Computing's Role in Resource Accounting." Computer 44, no. 3 (March 2011): 91–92. http://dx.doi.org/10.1109/mc.2011.81.

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Dissertations / Theses on the topic "Role of accounting"

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Mamat, Suaniza. "The role of accounting in supply chains." Thesis, University of Warwick, 2012. http://wrap.warwick.ac.uk/49474/.

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Several studies of inter-firm accounting have shown how accounting and controls are implicated in the management of supply chains. This consideration is relevant because the supply chain network consists of firms whose activities transcend legal boundaries, and accounting and controls may therefore help to manage the complexities of supply chain processes. Much remains to be known about the operation of accounting and controls and the consequences to supply chains. This thesis reports on a field study of the uses of accounting and controls and their relationship to management of supply chains in a multinational food manufacturer and its network of customers (retailers and dealers). It aims to understand the ways in which, for instance, open book accounting and performance measurement systems were implicated in a network of supply chains. More specifically, it examines the uses of accounting and controls in the everyday operations of managing supply chains. To this end, the study draws on ethnographic materials collected through interviews, observations and review of documents involving managerial and operational employees from both the manufacturer as well as its customers. This thesis draws on multiple theoretical perspectives to understand the dynamics and complexities of supply chain management. These include theories of enabling and coercive bureaucracies and control system and multiple cultural perspectives - integration, differentiation and fragmentation - to supply chain identities. The thesis sheds light on this area of study by providing three main findings. First, in contrast to the notion of dichotomous enabling/coercive supply chain accounting, it has been found that an enabling and coercive framework is useful in understanding the coexistence of uses of supply chain accounting and controls; in addition, the study demonstrates the implication of simultaneous presence of enabling and coercive elements, where enabling supply chain accounting and controls can become exploitative. Second, the intertwining of open book accounting practice with the role of liaison in managing customers is explained. In particular, the enabling features embedded in open book accounting allow the manufacturer to strengthen its commitment to the inter-firm relationship. Finally, the study also illustrates the manner in which accounting and control systems are implicated in supply chain identity phenomena. The uses of supply chain accounting and controls symbolize multiple identities. In contrast to previous studies of identity in inter-firm accounting, where accounting has been shown as incidental, my study demonstrates that accounting has assisted in articulating how identity phenomena are central to the theoretical point; they have been used far more centrally to the explication of the key supply chain process in the field.
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Gad, Mahmoud Ahmed. "The role of accounting in debt markets." Thesis, University of Bristol, 2016. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.702491.

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In this thesis, I examine why accounting is important in debt markets. The thesis consists of three essays. In the first essay, I examine how syndicated loan structure is influenced by financial reporting conservatism. Early theoretical research focuses on the impact of asymmetric information and moral hazard problems on the loan contracting process. I hypothesize that, given their preference for verifiable lower bound measures of earnings and net assets, creditors are likely to value financial reporting conservatism as a means of reducing information asymmetry. Using a firm-year measure of conservatism, I find that the number of non-lead participants is a positive function of the degree of conditional conservatism. In addition, the lead arranger share is negatively associated with the degree of conditional conservatism. I also examine the relation between conditional conservatism and syndicate structure during the financial crisis. The results show that the relation between conditional conservatism and syndicate structure is more pronounced during the financial crisis. The results add further evidence on the role of financial reporting conservatism in resolving information asymmetries in debt markets. In the second essay, I investigate how the firm's financial reporting quality, measured by timely loss-recognition (TLR), affects lenders' decision to participate in cross-border syndicated loan markets. Using a large international sample of syndicated loans encompassing 20 countries, I show that both proportion of foreign lenders in a syndicate and their shares of the loan amount increase in the borrower's TLR. This effect is more pronounced for loans initiated during the financial crisis. In addition, the effect is less pronounced for loans extended to firms with a high international presence' and which reside in the countries with strong creditor protection. The evidence suggests that TLR reduces information asymmetries between lenders' and borrowers in cross-border credit markets where the asymmetry is likely to be most severe. In the third essay, I investigate the impact of large blockholders on the monitoring demands by lenders. Using novel data from US debt contracts, I show that creditors are more likely to require a covenant-compliance certificate (CC) from the borrower's auditor when large blockholders are present in its ownership structure. The effect is less pronounced for firms rated by credit rating agencies. Consistent with the debt-equity conflict hypothesis, I find the presence of transient and passive investors, but not long-term strategic investors, drives the inclusion of the CC provision. The evidence suggests that institutional investors with myopic investment horizons are a cause for concern for creditors, but that additional monitoring may alleviate such concerns.
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Bay, Charlotta. "Making Accounting Matter : A Study of the Constitutive Practices of Accounting Framers." Doctoral thesis, Uppsala universitet, Företagsekonomiska institutionen, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-172680.

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The idea of accounting as a constitutive means, making people think and act in particular ways, is well established in the social strand of accounting literature. In professional organisations, for example, accounting is claimed to be critical to processes of turning people into rational and responsible economic actors. However, this thesis refocuses the empirical attention away from the organisation and into the private sphere of people’s everyday financial lives. As this is a field partly inhabited by people who for various reasons are believed to have difficulty in making sense of financial accounts, a dilemma arises regarding how to influence people’s way of managing their own finances by means of accounting information. How this dilemma is assumed to be resolved in order to make accounting matter is the query of this thesis. Through a study of four cases, the thesis investigates the practices of public authorities, a television makeover show, and a pension insurance company – here referred to as accounting framers – whose task it is to construct accounting in such a way so as to make it come across as important, relevant and useful to various groups of the general public. By examining how people’s accounting interpretations are elaborated in order to make them responsive to financial accounts, the thesis contributes to problematising the constitutive role of accounting and the conditions believed to enable it to turn people into financially responsible actors.
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Tripathi, Vandana. "The management accounting needs of small enterprises and the role of small accounting practices." Thesis, Open University, 2017. http://oro.open.ac.uk/49022/.

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Management accounting research has previously focused mostly on large firms rather than SMEs despite the significance of SMEs in the UK economy. The high failure rate of small enterprises in the UK points to the need to increase their financial robustness. Small accounting practices (SAPs) would seem to provide a possible alternative source of management accounting information for businesses too small to afford in-house accountants, but the literature over thirty years suggests that this approach has not been adopted. The sparse research in this area has proposed disparate reasons for the limited use of SAPs, without providing a definitive explanation. The intractability of the barriers to the use of SAPs for the provision of management accounting information points to a mismatch between management accounting theory, which tends to be based on neo-classical economics, and the approach used in practice in small firms and SAPs. The research investigates these barriers, assessing the extent to which owner-managers carry out management accounting in small enterprises despite the opportunity costs involved and explores the reasons behind their tendency not to seek management accounting services from SAPs. It also evaluates the potential of SAPs to provide management accounting services and the reasons limiting their promotion. The research draws on a critical realist perspective using qualitative, multiple case studies involving semi-structured interviews to examine the degree to which neo-classical economic theory,old institutional economics and new institutional sociology can explain how the barriers have arisen and why they have remained. The findings expand existing research on management accounting by bringing into focus the interaction between actors and their structural context in small firms and SAPs, demonstrating how that shapes management accounting practices, particularly with regard to the barriers to the greater use of SAPs.
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Tengku, Akbar bin Tengku Abdullah Akbar Bin Tengku Abdullah. "The role of management accounting in competition policy." Thesis, University of Aberdeen, 2000. http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=153104.

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Yekini, Liafisu Sina. "Financial instruments disclosure : the role of accounting standards." Thesis, University of Leicester, 2011. http://hdl.handle.net/2381/9906.

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A significant number of studies have pointed to inadequate disclosure of the hedging process by companies of both details of instruments used and the clarity of information. Following the adoption of IFRSs, UK companies started reporting under IAS 32 and 39 from the accounting year beginning from 1st January 2005. This required more relevant information to be disclosed when compared with the requirements of FRS 13 under which UK companies reported prior to 2005. The adoption was consistent with reporting practices of other countries within the EU. This study investigates the extent to which non-financial sector firms in the UK have complied with the requirements of IAS 32 and 39 and what the value of this disclosure has been to investors. The thesis reports on a sample of 182 firms using content analysis to evaluate reporting level in comparison with the requirements of the standards. The thesis also uses cross sectional analysis of the market model to assess the extent of disclosure on excess returns. The findings show that companies reported more on derivative use under the international standards than under UK GAAP, suggesting that harmonization of reporting practices are on course in the UK. Secondly, companies that reported financial instruments under these standards have a lower risk-adjusted discount rate. This translates to lower future returns and higher current prices, meaning current increased market values. Further division of companies into those who disclosed at low, medium and high levels, shows that companies that disclosed at medium and high levels have a lower risk-adjusted discount rates. This suggests reduced risk and higher current market values for these firms. These findings supports our earlier findings just as they support the theoretical insight that increased disclosure means increased transparency that should positively affect firm value and vice versa.
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Yau, Kin-pong Harry. "The role of accountants in fraud detection." Click to view the E-thesis via HKUTO, 2000. http://sunzi.lib.hku.hk/hkuto/record/B42575552.

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Ahrens, Thomas. "Contrasting involvements : an ethnographic study of management accounting practice in Britain and Germany." Thesis, London School of Economics and Political Science (University of London), 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.362370.

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Heidmann, Marcus. "The role of management accounting systems in strategic sensemaking." Wiesbaden Dt. Univ.-Verl, 2007. http://d-nb.info/981689019/04.

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Heidmann, Marcus. "The role of management accounting systems in strategic sensemaking." Wiesbaden : Deutscher Universitats-Verlag, 2008. http://www.myilibrary.com?id=134437.

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Books on the topic "Role of accounting"

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Carter, A. J. Environmental accounting: Corporate disclosure and the role of the accountant. Manchester: UMIST, 1993.

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Accounting With Heart: China's Role in International Finance and Business. [Singapore]: John Wiley & Sons (Asia) Pte Ltd., 2010.

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United States. Cost Accounting Standards Board. Review Panel. Future role of the Cost Accounting Standards Board. Washington, D.C: The Board, 1999.

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International Federation of Accountants. Financial and Management Accounting Committee. The role of management accounting in creating value. New York: International Federation of Accountants, 1999.

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Lehman, Cheryl R. Accounting's changing role in social conflict. New York: Markus Wiener Pub., 1992.

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Board, Accounting Standards. The role of the accounting standards board: Accounting standard-setting in a changing environmen. London: Accounting Standards Board, 2005.

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Day, J. F. S. The role of accounting information in restrictive loan agreements. London: London School of Economics, 1990.

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Kanatsu, Takashi. TQC for accounting: A new role in companywide improvement. Cambridge, Mass: Productivity Press, 1991.

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Kanatsu, Takashi. TQC for accounting: A new role in company-wide improvement. Cambridge, MA: Productivity Press, 1990.

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Weil, Roman L. Litigation services handbook: The role of the financial expert. 4th ed. Hoboken, N.J: John Wiley, 2009.

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Book chapters on the topic "Role of accounting"

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Giles, R. S. "The Role of the Accountant." In Finance and Accounting, 41–45. London: Macmillan Education UK, 1994. http://dx.doi.org/10.1007/978-1-349-13486-1_3.

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Tessier, Sophie, and Samuel Sponem. "The evolution of management accounting in Canada." In The Role of the Management Accountant, 23–37. 1 Edition. | New York : Routledge, 2018.: Routledge, 2017. http://dx.doi.org/10.4324/9781315673738-3.

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Menicucci, Elisa. "The Role of Fair Value Accounting (FVA) in the Financial Crisis." In Fair Value Accounting, 55–79. London: Palgrave Macmillan UK, 2015. http://dx.doi.org/10.1057/9781137448262_3.

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Retolaza, José Luis, Leire San-Jose, and Maite Ruíz-Roqueñi. "Background: Social Role of Companies and Success Indicators." In Social Accounting for Sustainability, 5–10. Cham: Springer International Publishing, 2015. http://dx.doi.org/10.1007/978-3-319-13377-5_2.

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Markandya, A., and I. Milborrow. "Green Accounting in China: The Role of Damage Estimation." In Resources Accounting in China, 21–52. Dordrecht: Springer Netherlands, 1999. http://dx.doi.org/10.1007/978-94-011-4836-8_2.

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Zimmermann, Jochen, Jörg R. Werner, and Philipp B. Volmer. "Transformation of Role Models: Germany, the UK and the US." In Global Governance in Accounting, 22–32. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230582866_2.

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Giner, Begoña, and Miguel Arce. "National Standard-Setters’ Lobbying: An Analysis of its Role in the IFRS 2 Due Process." In Accounting and Regulation, 377–98. New York, NY: Springer New York, 2014. http://dx.doi.org/10.1007/978-1-4614-8097-6_15.

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Busulwa, Richard, and Nina Evans. "The role of accountants in cybersecurity, information privacy, and digital ethics." In Digital Transformation in Accounting, 144–53. Abingdon, Oxon ; New York, NY : Routledge, 2021. | Series: Business & digital transformation: Routledge, 2021. http://dx.doi.org/10.4324/9780429344589-13.

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Day, Judy, and Peter Taylor. "The Role of Debt Contracts and Debt Covenants in Corporate Governance: Reflections on Evolution and Innovation." In Accounting and Regulation, 161–90. New York, NY: Springer New York, 2014. http://dx.doi.org/10.1007/978-1-4614-8097-6_8.

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Ruff, Katherine. "9. The Role of Intermediaries in Social Accounting: Insights from Effective Transparency Systems." In Accounting for Social Value, 230–48. Toronto: University of Toronto Press, 2013. http://dx.doi.org/10.3138/9781442694453-011.

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Conference papers on the topic "Role of accounting"

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Raevskaia, O., U. Karpenko, and M. Kolodeznaia Kolodeznaia. "ROLE AND FURTHER DEVELOPMENT OF ACCOUNTING IN CONDITIONS DIGITAL ECONOMICS." In Problems and mechanisms of implementation of national priorities of socio-economic development of Russia. Khabarovsk State University of Economics and Law, 2020. http://dx.doi.org/10.38161/978-5-7823-0740-0-2020-031-036.

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Author writes about present-day state of accounting in Russian Federation in conditions of digitization economy, perspectives of its further development and significance of accountant as profession in future
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Nelvirita. "Accounting Educator’s Role in Preventing Corruption." In 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200305.057.

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Jessica, Agnes, Ria Sandra Alimbudiono, and Eko Pudjolaksono. "The Role Of Accounting Knowledge In Defining The Career Of A Public Accountant." In Proceedings of the 2nd Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2018). Paris, France: Atlantis Press, 2019. http://dx.doi.org/10.2991/piceeba2-18.2019.12.

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Кузнецова, Елена, Elena Kuznecova, Виктория Грушина, and Viktoriya Grushina. "THE ROLE OF ACCOUNTING IN THE ECONOMIC SECURITY." In Modern problems of an economic safety, accounting and the right in the Russian Federation. AUS PUBLISHERS, 2019. http://dx.doi.org/10.26526/conferencearticle_5c506010e17cb7.50308162.

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Konovalenko, Irina Evgenyevna. "The role of management accounting for the enterprise." In VIII International Research-to-practice conference. TSNS Interaktiv Plus, 2016. http://dx.doi.org/10.21661/r-113395.

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Sulik-Gorecka, Aleksandra. "THE ROLE OF ACCOUNTING SERVICE OFFICES IN THE CREATION OF ACCOUNTING INFORMATION IN POLAND." In 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2017. Stef92 Technology, 2017. http://dx.doi.org/10.5593/sgemsocial2017/13/s03.085.

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Tantular Rachman, Yoga, Sendi Gusnandar Arnan, and Yogo Heru Prayitno. "Smart Business Strategy: Optimize the Role of Management Accounting." In 2016 Global Conference on Business, Management and Entrepreneurship. Paris, France: Atlantis Press, 2016. http://dx.doi.org/10.2991/gcbme-16.2016.20.

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Ling, Jiawei. "Exploring the Role of Accounting Review in Financial Management." In IPEC 2021: 2021 2nd Asia-Pacific Conference on Image Processing, Electronics and Computers. New York, NY, USA: ACM, 2021. http://dx.doi.org/10.1145/3452446.3452614.

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Mulya, Ali Sandy, and Kenny Kristian. "The Role of Indonesian Company Owners in Aggressive Tax Planning." In Annual International Conference on Accounting Research (AICAR 2019). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200309.038.

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Maryati, Sri, Abi Wakos, Nyimas Dewi Murnila Saputri, and Anisa Listya. "The Role of Non-Financial Performance and Job-Tension." In 5th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2019). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200520.047.

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Reports on the topic "Role of accounting"

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Crucini, Mario, Mototsugu Shintani, and Takayuki Tsuruga. Accounting for Persistence and Volatility of Good-Level Real Exchange Rates: The Role of Sticky Information. Cambridge, MA: National Bureau of Economic Research, October 2008. http://dx.doi.org/10.3386/w14381.

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Margo, Robert. Accounting for Racial Differences in School Attendance in the American South, 1900: The Role of Separate-But-Equal. Cambridge, MA: National Bureau of Economic Research, May 1987. http://dx.doi.org/10.3386/w2242.

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Cawley, John, James Heckman, and Edward Vytlacil. Understanding the Role of Cognitive Ability in Accounting for the Recent Rise in the Economic Return to Education. Cambridge, MA: National Bureau of Economic Research, January 1998. http://dx.doi.org/10.3386/w6388.

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Demaestri, Edgardo C., Cynthia Moskovits, and Jimena Chiara. Management of Fiscal and Financial Risks Generated by PPPs: Conceptual Issues and Country Experiences. Inter-American Development Bank, December 2018. http://dx.doi.org/10.18235/0001470.

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This paper discusses the main issues concerning sovereign fiscal and financial risks from public–private partnerships (PPPs) with a focus on contingent liabilities (CLs). It is based on the presentations and discussions that took place during the XI Annual Meeting of the Group of Latin American and the Caribbean Debt Management Specialists (LAC Debt Group), held in Barbados in August 2015. The main issues discussed include PPP risks assessment, institutional framework for PPP risk management, and accounting and reporting of CLs generated by PPPs. Six country cases (Chile, Colombia, Costa Rica, Honduras, Suriname, and Turkey) are presented to illustrate experiences with different degrees of development regarding the management of risks and CLs related to PPPs. The document concludes that PPP risk management should encompass the whole lifecycle of a PPP project, risks need to be identified and CLs must be estimated and monitored, and the institutional capacity of governments to evaluate and manage PPP risks plays a central role in the successful development of PPP contracts. Although institutional capacities in this regard have improved in recent years, estimations of CLs involved in PPPs are not regularly performed, and there is still room for improvement on the assessment, measurement, registration, budgeting, and reporting of risks and CLs related to PPPs.
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