To see the other types of publications on this topic, follow the link: Users of financial statements.
Journal articles on the topic 'Users of financial statements'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Users of financial statements.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Du Toit, Elda, and Frans Vermaak. "Company financial health: Financial statement users’ and compilers’ perceptions." Journal of Economic and Financial Sciences 7, no. 3 (October 31, 2014): 819–36. http://dx.doi.org/10.4102/jef.v7i3.239.
Full textAbstract:
Some prior studies have investigated using analyses of financial statements to reveal companies’ financial health, but the usefulness of using such analyses to reveal the financial health of companies and possible presence of accounting irregularities in South African companies needed further investigation. This study examines whether users and compilers of financial statements believe that analysing financial statements can provide clear indications of companies’ financial health. The study was conducted by means of a structured questionnaire based on statements made by experts in the field of accounting and financial statement analysis. The results from 237 respondents show that the compilers and users of financial statements are convinced of the usefulness of financial statement analysis in evaluations of companies’ financial health. This suggests that close scrutiny of a company’s financial statements, with an attitude of scepticism, has the potential to reveal possible irregularities and raise red flags about unhealthy company practices.
2
NAZ SITEPU, BAHRUM, Endang Kurniati, Mardiah Hasanah Nasution, and Rahmad Dani. "The Effects of Punctuality, Quality of Financial Statements, And The Effectiveness of Financial Statement Information on The Improvement of Company Financial Statement Performance." Journal of Economics, Finance and Accounting Studies 3, no. 2 (October 23, 2021): 101–5. http://dx.doi.org/10.32996/jefas.2021.3.2.11.
Full textAbstract:
Companies require a short time in creating their financial statements reporting their financial conditions to the public, stakeholders, and investors. In 2019-2020, 80 companies did not publish their financial statements. This phenomenon affected the effectiveness and the financial statement performance and the overall company performance. As a result, the financial statement performance was not good, and the number of investors' trusts in responding to the financial statements of 80 issuers in the stock market decreased. The declining investors' trust was caused by the low effectiveness and quality of the financial statements of 80 companies listed on the IDX. Therefore, the IDX demanded the 80 issuers repair their financial statements based on the actual conditions. This research employed a descriptive quantitative method through multiple linear regression analysis using SPSS 20. The population of this study involved 100 users of financial statements in several Indonesian companies. Meanwhile, the samples of 100 users were taken using the census method distributing a questionnaire directly to the samples via email. Based on the partial and simultaneous hypothesis tests, the data analysis results showed that the punctuality, the quality of financial statements, and the effectiveness of the financial statement information had a positive and significant effect on the companies' financial statement performance.
3
Reinstein, Alan, Brian Patrick Green, and Cathleen L. Miller. "Evidence of Perceived Quality of “Plain-Paper Statements”." AUDITING: A Journal of Practice & Theory 25, no. 2 (November 1, 2006): 85–94. http://dx.doi.org/10.2308/aud.2006.25.2.85.
Full textAbstract:
CPAs have struggled with financial statement users placing too much confidence in nonpublic entities' limited-assurance documents. Despite Statement on Standards for Accounting and Review Services Number 1 (SSARS No. 1) issued in 1979, research shows that CPAs and statement users place confidence in and reliance on CPA compiled and reviewed statements. In 2000, the American Institute of Certified Public Accountants (AICPA) issued SSARS No. 8, Amendment to SSARS No. 1, Compilation and Review of Financial Statements, relating to plain-paper statements. We surveyed practicing CPAs and bankers to measure their confidence in and reliance on no-assurance engagements: compilations, plain-paper statements, and statements with accountants' reports/letters. We find that both CPAs and bankers report some level of confidence in and reliance on plain-paper statements. Both parties perceive greater confidence in and reliance on financial statements where a CPA is known to be minimally associated with the statements.
4
Hidayatullah, Arif, Agung Budi Sulistiyo, and Nur Hisamuddin. "Analisis Rekonstruksi Penyusunan Laporan Keuangan Masjid (Studi Kasus pada Masjid Agung Baiturrahman Banyuwangi)." e-Journal Ekonomi Bisnis dan Akuntansi 6, no. 1 (May 27, 2019): 69. http://dx.doi.org/10.19184/ejeba.v6i1.11102.
Full textAbstract:
The mosque is one of the non-profit oriented organizations in the field of religion in carrying out its activities, by managing its resources and resources derived from the community voluntarily and sincerely in accordance with the Statement of Financial Accounting Standards (PSAK) 45 on Nonprofit Organizations, That non-profit organizations should also and are entitled to make financial reports and report to users of financial statements. Mosques must make accurate financial statements and provide information to users of these financial statements ie the donors of the mosque. To be able to make accurate mosque financial statements required the application of accounting. Accounting is an activity undertaken untu produce sautu information system in the form of financial statements. Thus, mosques require the role of accounting as a tool for the process of managing, recording, interpreting, and reporting financial transactions that always guided by PSAK 109 and PSAK 45 set by the Indonesian Institute of Accountants (IAI) which will ultimately produce more transparent financial statements and Accountable. Keywords: Financial Statement of Mosque, Mosque, Nonprofit Organization,, PSAK 109, PSAK 45.
5
Gogić, Nemanja. "The Jaffa company's financial statements." Ekonomski izazovi 10, no. 20 (2021): 55–69. http://dx.doi.org/10.5937/ekoizazov2120055g.
Full textAbstract:
According to the Law on Accounting of the Republic of Serbia, all companies are obliged to compile regular (annual) financial reports. Regular financial statements include: balance sheet, income statement, statement of changes in equity, statement of other results, cash flow. The financial statements provide the necessary information about assets, liabilities, equity, income, expenses, cashflow, external and internal users. The aim of the research is to show the significance and importance of compiling quality financial reports. The subject of the research is the financial statements of the Jaffa company. Jaffa Crvenka was taken as an example of how domestic companies can compile clear, accurate and timely financial reports. The result of the research showed that it is not enough to compile only traditional financial reports, but it is also necessary to provide additional information from non-financial reports, all with the aim of satisfying the information needs of various state holders.
6
Shadiqiawan, Raden Muhammad Rachmansyah, and Sri Mulyani. "The Quality of Local Government Financial Statements and The Use of Financial Information in Decision Making." Journal of Accounting Auditing and Business 3, no. 1 (January 24, 2020): 73. http://dx.doi.org/10.24198/jaab.v3i1.25605.
Full textAbstract:
Financial statements contain information that is very helpful for users in making decisions. This study examines whether there are differences in the use of financial statement information decision making between the local government that obtain unqualified and qualified opinion for their financial statements. This study used the Mann Whitney test for hypothesis testing. Data was collected through a survey using a questionnaire on five local governments in West Java.The results of this study indicate that there are no significant differences in the use of financial statement information for local government decision-making, both in local governments that obtain unqualified and qualified opinions for their financial statements. This study also found that the financial statements most often used as a basis for decision making in the two groups of local governments are budget realization statement.
7
Nelson, Mark W., and William B. Tayler. "Information Pursuit in Financial Statement Analysis: Effects of Choice, Effort, and Reconciliation." Accounting Review 82, no. 3 (May 1, 2007): 731–58. http://dx.doi.org/10.2308/accr.2007.82.3.731.
Full textAbstract:
Prior research provides evidence that information affects financial statement users' judgments less when that information is provided in a less accessible format (e.g., information disclosed in a footnote or less prominent financial statement rather than being recognized on the income statement [Maines and McDaniel 2000]). We provide evidence that, conditional on users performing the analysis necessary to transform the financial statements to appear as if disclosed information had been recognized, that information may affect users' judgments more than it would have if it had been recognized initially. Our experiments are set in the context of constructive capitalization of operating leases. The first experiment manipulates three variables that we hypothesize will contribute to this effect: choice to use transformed financial statements, effort spent on the transformation process, and reconciliation of pre- and post-transformation numbers. We provide evidence that, in the constructive-capitalization setting we operationalize, information has a greater effect on judgments when effort was expended to obtain the information and the information is displayed in a reconciled format. The second experiment focuses on the effort effect and replicates it with additional controls. These results have implications for standard-setters who consider the relative benefits of recognition and disclosure, and for financial statement users who transform financial statements as part of their analyses.
8
Müllerová, Libuše. "Mistakes of Users of Audited Financial Statements." Český finanční a účetní časopis 2012, no. 4 (December 1, 2012): 32–42. http://dx.doi.org/10.18267/j.cfuc.4.
Full text
9
Tsygankov, K. Yu. "In support of users of financial statements." Международный бухгалтерский учет 20, no. 4 (February 27, 2017): 226–42. http://dx.doi.org/10.24891/ia.20.4.226.
Full text
10
Du Plessis, A. P., and D. S. Joubert. "Die staat van toegevoegde waarde as komponent van finansiele verslaggewing in die RSA." South African Journal of Business Management 22, no. 3 (September 30, 1991): 53–62. http://dx.doi.org/10.4102/sajbm.v22i3.899.
Full textAbstract:
The value added statement as component of financial reporting in the RSA The value added statement was developed due to a need for more understandable financial information for the uninformed user of financial statements. Although not required by the Companies Act, since 1977 numerous South African companies have included a value added statement in their financial reports. The question can, however, be asked whether the inclusion of a statement of value added in financial reports will not put financial information at the disposal of a larger group of existing and potential users of financial statements. In such a case the inclusion of the statement should be made compulsory and the contents be standardized. During a study of the reasons for the publication and the presentation of the information of this statement by South African companies, it was found that companies probably publish this statement for the annual competitions for financial statements. The information contents of the statement is therefore disregarded.
11
Ivanchuk, Nataliia. "FINANCIAL STATEMENTS AS AN INFORMATION SOURCE FOR THE FINANCIAL CONDITION ANALYSIS AT THE ENTERPRISE." Scientific Notes of Ostroh Academy National University, "Economics" Series 1, no. 18(46) (September 24, 2020): 57–61. http://dx.doi.org/10.25264/2311-5149-2020-18(46)-57-61.
Full textAbstract:
Financial statements contain a wide range of indicators that are required for the correct assessment of the financial resources, directions of investment and efficiency of financial resources usage at the enterprise. This enables to ensure the adoption of the necessary management decisions, to raise funds to finance the activities of the entity from potential investors. In the research, the author has considered the essence, the purpose of drawing up and interested users of the financial statements, its shortcomings in the analysis of a financial condition. The article has proved that the financial statements of the company need improvement to ensure fuller satisfaction of the information needs of interested users, as the existing system of indicators of this report does not fully solve all the problems of financial condition analysis of the company. The author has suggested the following ways to improve the structure of financial statements of the enterprise: 1) in the Income Statement: – adding lines that will show fixed and variable costs of the enterprise; – showing in a separate line the financial costs related to the accrual of interest for the use of borrowed funds; 2) in the Cash Flow Statement (created by the direct method): – adding an additional section, which reflects the monthly receipt and expenditure of cash (during the reporting and previous period); 3) in the Financial Statement Notes: – providing a detailed interpretation of the articles from the previous forms so that users do not have questions about the content of articles that contain the word «others»; – providing the necessary information about the renewal of fixed assets; the usage of equipment; rationing of current assets; changes in overdue receivables; structure of receivables and payables in terms of such types as debts under the terms of contracts and overdue debts; – publishing the index of prices for products of the enterprise and the index of change in the cost of production compared to the previous year; buyers and suppliers the company interacts with; prices and profitability of securities owned by the company; investments in inventory incurred during the year; 4) approving a single form of the Financial Statement Notes that will ensure uniformity of information presentation by all domestic enterprises.
12
Emerling, Izabela. "Importance of Non-Financial Data for Users of Financial Statements." Studia i Materiały Wydziału Zarządzania UW 1/2018, no. 27 (December 10, 2018): 136–42. http://dx.doi.org/10.7172/1733-9758.2018.27.12.
Full text
13
Drake, Michael S., Phillip J. Quinn, and Jacob R. Thornock. "Who Uses Financial Statements? A Demographic Analysis of Financial Statement Downloads from EDGAR." Accounting Horizons 31, no. 3 (April 1, 2017): 55–68. http://dx.doi.org/10.2308/acch-51736.
Full textAbstract:
SYNOPSIS We link EDGAR requests for financial statements originating from a particular U.S. ZIP code to demographic characteristics of that ZIP code. We focus on four demographics: income, household characteristics, education, and local conditions. Overall, we find each of the four demographics explain significant cross-sectional variation in EDGAR financial statement use. On a relative basis, we find that education has significantly more explanatory power for financial statement usage than does income or household characteristics. In our examination of specific demographic factors, we find that EDGAR financial statement usage is higher in areas with major cities, more accounting and finance jobs, higher capital gains and dividend income, greater access to broadband internet, a top 100 business school, or higher rates of college-educated residents. Usage is lower in ZIP codes with more fixed income, business income, retirees, unemployed workers, homeowners, or households with children. Overall, these results provide a general portrait of the users of financial statements hosted online on EDGAR.
14
Siagian, Pariang. "Analisis Capital Asset Earning dan Liquidity dalam Menilai Kinerja Keuangan Bank Tabungan Negara Periode 2006-2010." Binus Business Review 3, no. 1 (May 31, 2012): 107. http://dx.doi.org/10.21512/bbr.v3i1.1287.
Full textAbstract:
To communicate the financing performance of a bussines includes banking operation by company’s management to many users can be doing by severals tools or mediums. And one of them is financial statement. In that statements we can assess or evaluate all of its bussines activities. By doing analizing to the financial statements its might shown us about how the company using of all the financial resources to achieve their determined plans. The objectives of this article is how to get the informations about the financial performance of Bank Tabungan Negara by doing Financial Statements analysis from the year 2006 to 2010.
15
Riduwan, Akhmad. "PELAPORAN INFORMASI KEUANGAN MENURUT SEGMEN." EKUITAS (Jurnal Ekonomi dan Keuangan) 4, no. 2 (November 25, 2016): 78. http://dx.doi.org/10.24034/j25485024.y2000.v4.i2.1902.
Full textAbstract:
Consolidated financial statements does not wholly provide complete information of the company’s activities with many segments. To meet the need of the financial statement users, it is necessary to expose the segmental financial information. The main objective of the exposure of the segmental financial information is to provide information for the users about relativity scale, profit contribution and the growth trend of each company’s segments to enable the financial reports users to better evaluate the company as a whole. The preparation procedure of the segmental financial statement is provided in PSAK No.5. Segmental financial reporting is a must for the ging-public company. However, this segmental report does not preclude the whole consolidated financial statement, because a segmental repot is merely complimentary to make consolidated financial report more informative.
16
Shara, Ye, and T. Sliesar. "Information provision of reporting users for decision making." Ekonomìka ta upravlìnnâ APK, no. 2 (169) (December 9, 2021): 173–80. http://dx.doi.org/10.33245/2310-9262-2021-169-2-173-180.
Full textAbstract:
The article considers the implementation of management functions, which requires effective analytical tools and appropriate information support to provide real and potential investors and creditors, including foreign, true and unbiased information about the financial condition and performance of the entity reporting in our country. The implemented reforms in Ukraine are aimed at ensuring that the information is clear and unambiguously interpreted by each user. The qualitative characteristics of useful financial information provide the types of information that are most useful to current and potential investors, lenders and other creditors in making decisions about the reporting entity based on the information contained in its financial statements. The basic principles of information support of complex analysis and optimization of financial results by segments of activity taking into account specific groups of users of financial reporting on the basis of data of the improved system of internal analytical registers of components of financial result - incomes and expenses are defined. It is proved that it is necessary to provide information in the notes to the financial statements as part of the elements of operating costs for the following activities: production, services, performance of works, management costs, sales costs, other operating activities. Further optimization of the main factors and components of the results of activities provide an opportunity to significantly increase the efficiency of the entity, which reports in subsequent periods, while improving its financial condition. Key words: information support, results of operations, financial statements, users of financial statements, IFRS, financial statements.
17
da Silva, Diana, Danie Schutte, and Jhalukpreya Surujlal. "Unpacking the IFRS Implications of COVID-19 for Travel and Leisure Companies Listed on the JSE." Sustainability 13, no. 14 (July 16, 2021): 7942. http://dx.doi.org/10.3390/su13147942.
Full textAbstract:
Purpose: The main purpose of this article is to study the IFRS implications of COVID-19 for selected travel and leisure companies listed on the JSE. The article investigates how these selected companies disclose financial information regarding the going concern, or in other words; the sustainability of the company, revenue of the company, how the companies made estimations, and more, to account for the impact of the coronavirus pandemic on their financial information. Design/methodology/approach: content analysis was used to analyse the financial statements of ten travel and leisure companies listed on the JSE. This analysis indicated what additional disclosures these companies have in the light of COVID-19. Findings: even though there is no specific IFRS standard providing guidance on the impact of COVID-19, the findings reveal that the companies took utmost care in disclosing information and the impact of COVID-19 in the financial statements. Companies cautiously considered the impact of the coronavirus on their financial results and provided the users of these financial statements with transparent financial information, regarding going concern and sustainability of the company, revenue, estimations, and more. Originality/value: a new economic crisis, different from any other economic crises, emerged as a result of COVID-19 and the IFRS implications such as, the effect on sustainability and going concern, impact on revenue of companies, financial estimations during the coronavirus pandemic, the effect of COVID-19 on the financial subsequent events and other financial statement disclosures is still unclear. This study is deemed of vital importance as the users of financial statements require all the necessary information about how COVID-19 has affected these companies, and whether or not these companies will be sustainable in the foreseeable future, as to enable the financial statement users to make informed financial decisions.
18
Ayuningrum, Octaviana Dian, and Tumirin Tumirin. "Model Prediksi Pelanggaran Akuntansi." JIATAX (Journal of Islamic Accounting and Tax) 2, no. 2 (June 18, 2020): 149. http://dx.doi.org/10.30587/jiatax.v2i2.1417.
Full textAbstract:
Financial statements are a reflection of the condition of a company in a certain period. Financial statements are said to be good if the report can provide transparent information and explanations about the results of operations or activities based on predetermined rules. However, there are still many deviations in accounting (accounting irregularities) by companies to maintain and increase the value of the company in attracting investors to keep investing their funds for the survival of the company. These actions included fraud in intentional financial statements. This can be detrimental to users of financial statements in making decisions. This study aims to predict of financial statement fraud with financial stability, personal financial need, ineffective monitoring, external pressure. In this study 53 samples were selected based on the purposive sampling method.This study uses a logistic regression analysis method. The results show that: Financial Stability and personal financial need can predict financial statement fraud. The results of this study are expected to provide knowledge and contribution to the development of the science of triangle fraud. And provide additional information about the factors that can affect a company fraudulent in the financial statements.
19
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.
Full textAbstract:
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.
20
Ferina, Veren, and Amrulloh Amrulloh. "Analisis Kinerja Keuangan Pada Industri Property dan Real Estate Serta Kontribusinya Terhadap Pendapatan Negara Dari Sektor Pajak." Jurnal Ilmiah Akuntansi Kesatuan 8, no. 2 (August 17, 2020): 227–36. http://dx.doi.org/10.37641/jiakes.v8i2.381.
Full textAbstract:
The global economy is currently experiencing a shocking crisis. Many people, particularly entrepreneurs, are affected by this condition. This compels companies in Indonesia to maintain their good performance in order to be able to compete and survive. Company performance can be identified and assessed through analysis on the company's financial statements. The financial statements consist of the Statement of Financial Position, the Profit and Loss Statement, the Equity Change Report, the Cash Flow Statement, and the Notes to Financial Statements. With the analysis of financial statements, the performance of an enterprise can be assessed by performing a mathematical calculation of the items in the financial statements. In addition to examining the company's performance, financial statement analysis can also predict the company's financial condition in the future. It also serves as the source of information about the company's health condition. This financial statement analysis is very useful as information for various parties, such as the government, investors, and other users of financial statements to assess the financial condition of a company.
The purpose of this study was to determine the financial performance of property and real estate companies as well as their contributions to the state from the tax sector. The research was conducted by taking financial statements from property and real estate companies listed on the Indonesia Stock Exchange in 2016-2018. The results show that the property and real estate companies with the best financial performance was Bumi Serpong Damai Tbk. In terms of contributions made by companies from the tax sector, Pakuwon Jati Tbk has contributed increasingly consistent every year. However, if seen from its financial performance, Bumi Serpong Damai Tbk has the best performance and good tax contributions.
Key words :Analysis of Financial Performance and Tax Contributions.
21
Tanulia, Stephanie, and Maria Stefani Osesoga. "FACTORS AFFECTING THE TIMELINESS OF FINANCIAL STATEMENT SUBMISSION." Jurnal Akuntansi Kontemporer 14, no. 1 (January 2022): 18–25. http://dx.doi.org/10.33508/jako.v14i1.3022.
Full textAbstract:
Research Purposes. This study aims to determine the effect of DER (debt to equity ratio), audit delay, public ownership structure, firm size, and auditor switching on the timeliness of financial statement submission. It is important in maintaining the relevance of information in financial statements because a relevant information can help users in making decision. Research Methods. Secondary data with a purposive sampling method was used in selecting samples and analyzed using logistic regression methods. There were 39 consumer goods companies used as samples after qualified the sample selection criteria. Research Result and Findings. The results conclude that DER, audit delay, and public ownership structure have a significant negative effect on timeliness of financial statements submission, firm size has a significant positive effect on the timeliness of financial statements submission, and auditor switching has no effect on the timeliness of financial statement submission.
22
Isaković-Kaplan, Ševala, Lejla Demirović, and Mahir Proho. "Benford’s Law in Forensic Analysis of Income Statements of Economic Entities in Bosnia and Herzegovina." Croatian Economic Survey 23, no. 1 (June 8, 2021): 31–61. http://dx.doi.org/10.15179/ces.23.1.2.
Full textAbstract:
The objective of preparing and presenting financial statements is to provide information about the financial position and performance of an entity, which is useful to a wide range of users of financial statements for business decisions. If information presented in the financial statements is not full disclosure and/or is incorrect, the presented image of the business entity will be wrong, as well as business decisions made on the basis of such financial statements. Unfortunately, many entities knowingly manipulate revenues and expenses to manage earnings in a way that suits the entity management. Detecting frauds in financial statements is the primary task of forensic accountants. This paper analyzes the possibilities of applying Benford’s law in the forensic analysis of income statements of economic entities in Bosnia and Herzegovina, to detect possible earnings manipulation. The results of the research confirm that the positions of revenues and expenses in the income statements of economic entities in Bosnia and Herzegovina generally follow Benford’s law, but also stress the need to increase attention and conduct additional forensic investigations for certain items as indicators of financial statement manipulation.
23
Verma, Vishal, and Yousef Shahwan. "Qualitative characteristics of business reporting: A historical perspective." Corporate Ownership and Control 18, no. 3, special issue (2021): 360–66. http://dx.doi.org/10.22495/cocv18i3siart10.
Full textAbstract:
This paper aims to provide a historical review of several leading documents in relation to the objectives of financial statements. Four main documents were discussed, analyzed and compared, using the content analysis approach. These documents are The Trueblood Report (1973), The Corporate Report (1976), Making Corporate Reports Valuable (McMonnies, 1988), and Guidelines for Financial Reporting Standards (Solomons, 1989). These documents were selected because they have been described as milestones in addressing qualitative characteristics of financial and business reporting. The historical review showed that the basic objective of financial statements is concerned with providing useful information for economic decision-making. In addition, it emphasized that information is useful when: 1) it shows the economic reality of the financial statements (i.e., balance sheet, income statement, and cash flow statement); and 2) it is relevant and reliable to users
24
Jaffar, Nahariah, Zarehan Selamat, Norhazlin Ismail, and Hamsatulazura Hamzah. "Small medium enterprises’ financial reporting in Malaysia." Corporate Ownership and Control 8, no. 3 (2011): 366–75. http://dx.doi.org/10.22495/cocv8i3c3p2.
Full textAbstract:
This study investigates the financial reporting practices of the Malaysian SMEs. Mailed questionnaires were sent to loan officers and SMEs’ owners. The findings showed that size of SMEs, industry type, owner’s awareness about financial reporting regulations and academic qualification of the SMEs’ owners have positive associations with the nature of financial reporting of the Malaysian SMEs. In addition, the loan officers and SMEs’ owners perceived most of the information presented in the SMEs’ financial statements are useful and that they perceived all sections in the financial statements, except income statement, are important for their decision making process. Results may provide insight on the nature and adequacy of financial reporting of the Malaysian SMEs. Besides, the findings may contribute better understanding to the SMEs’ managers on the informational needs of the users of their financial statements.
25
Sudradjat, Jouzar Farouq Ishak, Mia Sukmawati, and Mutiara Nuru Syifa. "The Effect of Profitability, Leverage, Firm Size, Firm Reputation and Institutional Ownership on Audit Report Lag." Journal of Accounting and Finance (JAFIN) 1, no. 01 (March 17, 2022): 11–15. http://dx.doi.org/10.55445/jafin.v1i01.2.
Full textAbstract:
Financial statements are one important instrument in supporting the sustainability of a company, because financial statements have a role in the process of measuring and evaluating the performance of a company. Financial statements must be of high quality before being submitted to users of financial statements because users of financial statement information require reports that are complete, transparent, and presented on time. The financial statements aim to provide information about the company's financial position, performance and cash flow that is beneficial for most users of financial statements in the context of making economic decisions and shows management's responsibility in the use of company resources. The auditor's timeliness in completing the audit report will affect the timeliness of the publication to the public. The length of time (number of days) from the date of closing the book to the date stated on the audit report is called the audit report lag. The purpose of this study was to obtain empirical evidence about the effect of Profitability, Leverage, Firm Size, Firm Reputation and Outsider Ownership influence on Audit Report Lag. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange (IDX) with a research period of 2014-2018. The method used is explanatory research, which explains the position of the variables studied and tests the effect of one or several variables on one or several other variables. The results showed that firm size had a significant negative effect on audit report lag, leverage variable does not have a significant negative effect on audit report lag, profitability has no negative effect on audit report lag, Public Accounting Firm (KAP) has no negative influence on audit report lag and institutional ownership does not have a negative effect on audit report lag.
26
Dwikasmanto, Yunus. "ANALISIS PENYAJIAN LAPORAN KEUANGAN BERDASARKAN SAK-ETAP PADA KPN SERUMPUN DINAS PENDIDIKAN DAN KEBUDAYAAN KABUPATEN REJANG LEBONG." Jurnal Ilmiah Raflesia Akuntansi 7, no. 2 (October 30, 2021): 54–62. http://dx.doi.org/10.53494/jira.v7i2.98.
Full textAbstract:
Financial statements are a means of communicating financial information from the results of the accounting activity process that can assist users of financial statements in making decisions. Generally accepted Financial Accounting Standards are considered complicated to apply to business entities that do not have public accountability. Based on this, IAI issued Financial Accounting Standards for Entities Without Public Accountability (SAK-ETAP) which can accommodate accounting needs for entities that do not have public accountability. This study aims to analyze the application of SAK-ETAP in the presentation of the financial statements of the Cognate KPN of the Education and Culture Office of Rejang Lebong Regency. KPN Cognate of the Education and Culture Office of Rejang Lebong Regency is a business entity that manages members' funds in the form of savings and loans. The method used in this research is comparative descriptive analysis. The results of the study based on the presentation of the balance sheet, income statement, statement of changes in equity, and cash flow statements for 2019, show that the KPN Cognate of the Education and Culture Office of Rejang Lebong Regency has not presented notes on financial statements (CALK), there is an error in the classification of account posts, and there are inconsistencies in updating the statement of cash flows. This study suggests that cooperatives disclose cooperative accounting policies in CALK, update each component of financial statements, and hire employees who are skilled in accounting.
27
de Abreu, Marcio Hipolito, and Joao Eudes Bezerra Filho. "Public Sector Financial Statement Notes to Convergence with International Standards, Transparency, and Social Control." New Challenges in Accounting and Finance 5 (January 2021): 1–16. http://dx.doi.org/10.32038/ncaf.2021.05.01.
Full textAbstract:
The financial statement notes contribute to public accounts' transparency and the instrumentalization of social control, although they are frequently absent from public sector financial statements. In this context, this study's objective was to present the structure of notes to public sector financial statements, nonexistent until then, in the Brazilian setting, which would contribute to the improvement of this context. The structure was developed according to the recommendations in the wording of the Brazilian Accounting Standards. The results of this work provide public accountants with a reference structure of notes to public sector financial statements, contributing to a greater understanding and transparency of accounting rendering by users of accounting information, control bodies, and society
28
Xia, Lian Feng. "Scope Changes Impact on Book Performance of Consolidated Financial Statements." Applied Mechanics and Materials 380-384 (August 2013): 4494–99. http://dx.doi.org/10.4028/www.scientific.net/amm.380-384.4494.
Full textAbstract:
Currently, listed companies in our country generally draw up consolidated financial statements according to the new accounting standards requirements, and release consolidated financial statement to investors and relevant financial statements users so as to public company financial information. Consolidated financial statements can comprehensively reflect the financial position and operating results of listed companies. The key basic work of consolidated financial statements preparation is to reasonably determine the consolidation range of consolidated financial statements. Although the current new accounting standards have stipulated consolidation range, the new accounting standards has not specified the substantial control of concrete measurement method problem. So this paper takes one listed companys financial report and related data from 2007 to 2011 as data sources,selects listed enterprises with no clear merger reason as research object. Multivariate linear regression model is adopted to analyze the influence of merge scope change on book performance. The results show that the consolidated range change will change enterprises book report data,and the influence average value of book achievement is about 10.72%.
29
VAN AUKEN, HOWARD, and KUI YANG. "CHINESE SMEs' USES OF FINANCIAL STATEMENTS IN DECISION MAKING." Journal of Developmental Entrepreneurship 19, no. 04 (December 2014): 1450027. http://dx.doi.org/10.1142/s1084946714500277.
Full textAbstract:
With a sample of 46 Chinese small to medium-sized enterprises (SMEs), this study examines factors that might affect firms' use of financial statements to make decisions. Financial statements contain insightful information about potential risk and return implications of various decisions. A logit analysis shows that owners of Chinese SMEs use financial statements to make decisions according to the frequency of available financial statement information and their ability to interpret the information contained in the financial statements. These results can help owners of SMEs, educators and service providers understand which factors affect the use of financial statements and the process by which financial statements are incorporated into SMEs' decisions.
30
Raičević, Jelena. "Accounting Policies in the Function of Quality Assessment of Financial Statements." Economic Themes 59, no. 3 (September 1, 2021): 357–73. http://dx.doi.org/10.2478/ethemes-2021-0020.
Full textAbstract:
Abstract Financial statements represent an instrument by which relevant information about a company is passed on to its users. Based on the information presented in the financial statements, i.e. information on the financial position and performance of the company, and generated cash flows and capital, users make business decisions. Specific accounting policies serve as the basis for the preparation of quality financial statements. Management is responsible for the preparation and presentation of financial statements and selects accounting policies. Although simple, the issue of choosing the accounting policies can be extremely delicate and complex. Besides management, there are other stakeholders who may be affected by this issue. As a consequence, there are complex relationships that affect the choice of accounting policies, and thus the quality of financial statements.
31
Murshed, A. J. M. Humayun. "FINANCIAL ACCOUNTING AND REPORTING IN SMALL FIRMS." Journal of Enterprising Culture 04, no. 02 (June 1996): 163–82. http://dx.doi.org/10.1142/s0218495896000101.
Full textAbstract:
Small firms’ role in the modern business world is well recognized. Despite such recognition, there exists a dearth of research in small firms, particularly in understanding the implications of accounting and finance. This paper reports the results of an empirical study carried out on the financial accounting and reporting of small firms in Bangladesh. Financial reporting does not seem to be important in these firms except for complying with tax formalities. No systematic way of presenting financial figures among the firms was observed. Most firms’ financial statements do not provide any database for organizational decision making. The managers have a high degree of satisfaction, particularly with the format used in presenting financial statements. On the contrary, they hardly use those financial statements in organizational decision making and control. They prefer to use a simple form of financial statement and show almost no concern for users’ need and attaining financial control.
32
Adeyemi, Semiu Babatunde, and Johnson Kolaawole Olowookere. "Stakeholders' Perception of Audit Performance Gap in Nigeria." International Journal of Accounting and Financial Reporting 1, no. 1 (September 9, 2011): 29. http://dx.doi.org/10.5296/ijafr.v1i1.808.
Full textAbstract:
AbstractThe audit expectation gap is critical to the auditing profession because the greater the unfulfilled expectation from the public, the lower the credibility earning potential and prestige associated with the work of auditors. The study examined the level and nature of expectation gap (performance gap) between auditors and users of financial statements. It sought to establish whether or not there are differences between users of financial statements and auditors’ perception of management responsibility for the preparation of financial statements, its reliability and decision usefulness. Chi-square (c2) was used to analyze the data obtained from the study. The data were obtained through questionnaire. Two hundred and fifty (250) copies of the instrument were distributed using purposive sampling technique. In this study, a cross-sectional survey was conducted to capture the perceptions of users of financial statements in Nigeria. The tests of hypothesis were done using Statistical Package for Social Science (SPSS) version 14.0. Tests were carried out at a significant level of 5% and four degree of freedom. The findings of this study indicated that there is a wide expectation gap in the areas of auditors responsibility for fraud prevention and detection. There is no generally accepted description of the role of the auditor. Audit scandals had negative impact on auditor’s credibility. We recommend that users of financial statements should be enlightened more on the responsibilities of auditors on the financial statements, the role of the auditor should be clarified and quality control measures should be observed in audit firms.Key words: Auditing, Audit Performance gap, Users of Financial Statements, perceptions
33
Imhof, Michael J., Scott E. Seavey, and David B. Smith. "Comparability and Cost of Equity Capital." Accounting Horizons 31, no. 2 (February 1, 2017): 125–38. http://dx.doi.org/10.2308/acch-51710.
Full textAbstract:
SYNOPSIS We investigate how the comparability of a company's financial statements is related to its cost of equity capital. The Financial Accounting Standards Board's (FASB 2010) Statement of Financial Accounting Concept No. 8 proposes that comparability is a key tenet of accounting because it allows users of financial statements to benchmark a firm against similar firms when distinguishing between alternative investment opportunities. We provide evidence that greater financial statement comparability is associated with lower cost of equity capital, and show that comparability's effect on cost of equity remains after controlling for within-firm accounting quality. Additionally, we find that investors derive greater benefits from financial statement comparability in firms whose information environments are less transparent (high information asymmetry) and whose equity shares trade in markets that are less competitive (imperfect markets). Our findings contribute to accounting research by providing evidence justifying comparability as a separate element of the FASB's conceptual framework.
34
Gjoni-Karameta, Albana, Elona Fejzaj, Ahmad Mlouk, and Kristina Sila. "Qualitative Characteristics of Financial Reporting: An Evaluation According to the Albanian Users’ Perception." Academic Journal of Interdisciplinary Studies 10, no. 6 (November 5, 2021): 35. http://dx.doi.org/10.36941/ajis-2021-0151.
Full textAbstract:
The last 20 years’ changes in accounting has led to an essential review process of national accounting standards due to the main objective of improving financial reporting information for stakeholders. Financial reporting as a communication tool has become extremely important for appropriate decision making to economic reporting entities and also financial information users such as analysts, creditors, managers, auditors and government agencies in Albania and all over the world. The absence of a generally accepted definition for qualitative financial reporting has created a gap for continuous research on this matter. The main objective of this study is to examine users’ perception of qualitative financial reporting, toward their perceptions of some selected qualitative characteristics of financial statements. This study aims to determine the attitudes of financial statements’ users toward the importance of qualitative characteristics of financial information reported on these published financial statements. The chosen qualitative characteristics were relevance, faithful representation, comparability, timeliness, verifiability and understandability. An opinion survey was conducted on three hundred external users of financial statements, such as managers, bank officers, financial analysts, government officers and auditors. Each single characteristic has been operationalized using a structured questionnaire, and a five point Likert type scale was used. Selection process of qualitative characteristics of reported financial information will be based on the data taken from conceptual framework of international financial reporting standards published by the International Accounting Standards Board in a continuous process of improving financial reporting. This research examined primary data taken through an opinion survey directed to three hundred daily users of financial statements ‘information, reported by economic entities in Albania. Results of the study show a very strong positive correlation between users ‘perception and qualitative characteristic of faithful representation, a relatively strong positive correlation with relevance, comparability and understandability, and a moderate correlation with timeliness and verifiability. Users of financial reporting in Albania generally have a very positive attitude towards the qualitative characteristics of financial reporting.
Received: 3 July 2021 / Accepted: 23 August 2021 / Published: 5 November 2021
35
Rumiyani, Eri Ayu, Siti Resmi, Ralina Transistari, and Muhammad Roni Indarto. "Logistic Regression Model for Assessing Factors Affecting Timeliness of Financial Statement Submission." E-Jurnal Akuntansi 31, no. 12 (December 9, 2021): 3000. http://dx.doi.org/10.24843/eja.2021.v31.i12.p05.
Full textAbstract:
Financial information is helpful if it fulfills fundamental characteristics. One of these characteristics is timeliness. This article aims to examine the elements that affect financial statement timeliness. This research is conducted on mining companies listed on the Indonesian stock exchange from 2016 to 2018. The data analyzed were panel data of 69 observations obtained from 23 companies over three years. The data was processed using Eviews9 and logit regression analysis techniques. The investigation demonstrates that the current ratio has a considerable favorable influence on the timeliness of financial statements for a variety of mining businesses listed on the Indonesian Stock Exchange (IDX) between 2016 and 2018. On the other hand, return on assets, and company size has no significant effect on the timeliness of financial statements. The implication of the results of this study is that better regulations are needed to improve public companies in submitting financial reports on time. Published financial statements are information for making informed decisions by interested users.
Keywords : Current Ratio; Return on Asset; Company Size; Financial Statement; Logistic Regression Model.
36
Van der Poll, Huibrecht, and Daan Gouws. "Issues surrounding the classification of accounting information." South African Journal of Economic and Management Sciences 12, no. 3 (June 17, 2011): 353–69. http://dx.doi.org/10.4102/sajems.v12i3.224.
Full textAbstract:
The act of classifying information created by accounting practices is ubiquitous in the accounting process; from recording to reporting, it has almost become second nature. The classification has to correspond to the requirements and demands of the changing environment in which it is practised. Evidence suggests that the current classification of items in financial statements is not keeping pace with the needs of users and the new financial constructs generated by the industry. This study addresses the issue of classification in two ways: by means of a critical analysis of classification theory and practices and by means of a questionnaire that was developed and sent to compilers and users of financial statements. A new classification framework for accounting information in the balance sheet and income statement is proposed.
37
Drábková, Zita. "Analysis of Possibilities of Detectnig the Manipulation of Financial Statements in Terms of the IFRS and Czech Accounting Standards." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 6 (2015): 1859–66. http://dx.doi.org/10.11118/actaun201563061859.
Full textAbstract:
The main objective of financial statements is to give information. The diversity of interests and objectives of individual groups of users and creators of financial statements presents the risk of manipulation of financial statements in the context of true and fair view as defined in the national accounting legislation. The paper is concerned with the different possibilities of detecting the manipulation of financial statements in terms of the Czech Accounting Standards and IFRS. The paper analyzes the selected risk detection models of the manipulation of financial statements using creative accounting methods, off-balance sheet financing methods and accounting frauds in specific case studies of selected accounting unit in terms of Czech accounting standards. Based on the analysis and comparison of the results thereof, the paper presents and evaluates the alternatives of users of financial statements to evaluate the risk of manipulation of financial statements beyond the scope of a fair and true view. The evaluation further includes a comparison of uses of these models with respect to the International Financial Reporting Standards.
38
Ruhl, Jack M., and Ola M. Smith. "The Accounting Entity, Relevance, and Faithful Representation: Linking Financial Statement Notes to the FASB and IASB Conceptual Frameworks." Issues in Accounting Education 28, no. 4 (May 1, 2013): 1009–25. http://dx.doi.org/10.2308/iace-50522.
Full textAbstract:
ABSTRACT Although notes are an integral part of the financial statements, users lacking a technical accounting background often overlook them or consider them to be too difficult (Kieso et al. 2010). The authors observe that faculty generally devote little or no class time to the discussion or drafting of notes. Intermediate accounting textbooks relegate the presentation of notes to the end of the second intermediate accounting course. Nonetheless, notes are extremely important to financial statement users. In this case, students examine selected notes of the Consolidated Financial Statements of the Holy See (the financial entity associated with the Roman Catholic Papacy) for the year 2007. The Holy See's financial statement notes are ideal for discussion purposes, because students find “surprises.” Upon completion of the Discussion Questions, students have a new appreciation for financial statement notes, along with insights into how certain aspects of the FASB and IASB Conceptual Frameworks are linked to the notes. A case that attempted to include discussion of all the notes or the entire Conceptual Framework would become unwieldy. Therefore, in this case, we limit our focus to the accounting entity concept, relevance, and faithful representation. The case may be used with students enrolled in accounting courses from the principles level to the graduate level.
39
Rama, Radian Sri, Sutrisno T, Erwin Saraswati, and Aulia Fuad Rahman. "Debiasing halo effect: auditor reputation and the role of auditing learning on financial statements user trust." International research journal of management, IT and social sciences 7, no. 6 (October 9, 2020): 33–41. http://dx.doi.org/10.21744/irjmis.v7n6.1006.
Full textAbstract:
The purpose of this study was to examine the effect of auditor reputation (big four and non-big four) and auditing learning (with audit learning and without audit learning) on the trust of users of financial statements. Testing the influence of the auditor's reputation and learning will show a halo effect on users of financial statements. The research method used was an experiment. Participants were 102 students. Data analysis was performed with the two-way Anova test. The results showed a halo effect so that the auditor's reputation and audit learning affected the users of financial statements.
40
Janis, Raisa Stephanie, and Novi S. Budiarso. "ANALISIS PENERAPAN PSAK NO. 45 TENTANG PELAPORAN KEUANGAN ENTITAS NIRLABA PADA JEMAAT GMIST PNIEL BIAU KAB, KEP. SITARO." ACCOUNTABILITY 6, no. 1 (June 20, 2017): 103. http://dx.doi.org/10.32400/ja.16032.6.1.2017.103-111.
Full textAbstract:
Profit entity is an organization that can be owned by the government or private sector owned, its main purpose is not for profit. One nonprofit entity engaged in religious church. As a nonprofit entity, the church should make financial statements accountability and reporting to users of financial statements of the church, the church that is the main source of income in the church. In Indonesia, a special standard financial reporting profit entity organized under Statement of Financial Accounting Standards (SFAS) No. 45. This research was conducted at the Jemaat GMIST Pniel Biau. The purpose of this study was to determine the adoption of PSAK No. 45 of the Financial Reporting Entities Non-Profit on Jemaat GMIST Pniel Biau. Descriptive qualitative analysis method is a method discussion of issues that are outlining, describe, compare and explain the data. Results showed Jemaat GMIST Pniel Biau not yet adopted PSAK No. 45 on the presentation of its financial statements, but the church is preparing financial statements of the realization of revenues and expenditures in accordance with the regulations GMIST no. 6 in 2012.Keywords : PSAK No. 45, non profit, financial statements
41
Surtikanti, S., L. Lutfiah, I. Lutfiah, and I. Febriani. "Application Design for Recording Financial Statements." International Journal of Research and Applied Technology 1, no. 1 (June 25, 2021): 17–24. http://dx.doi.org/10.34010/injuratech.v1i1.5455.
Full textAbstract:
The development of information technology users requires applications to organize the recording and presentation of financial report data more easily and accurately. The current financial statements are not only by companies but also by Micro Small and Medium Enterprises (MSMEs). Besides, the public also uses them to manage their financial records. The purpose of this research is to develop accounting applications that have been circulating today to support financial statements to ensure data security. This research used a descriptive qualitative method to collect data in accordance with field facts. The population of this research is students of Universitas Komputer Indonesia who learn to use accurate applications because accurately studied by accounting students, the sample is students majoring in accounting. Sample techniques used purposive sampling, where respondents will be selected according to the criteria. Data collection through questionnaires were distributed online to obtain data in accordance with field facts. This study shows that the development of accounting applications supports the recording of financial statements in maintaining the security of existing data in financial statements. It impacts MSMEs who want to store their financial transaction data safely because there are security features similar to accuracy, except that before storing data, users must enter a special code as at the beginning when starting data recording. It can ensure security in recording financial statements and preventing data modification fraud.
42
Łazarowicz, Edyta. "The comparability of IFRS statements of cash flows in Poland. The influence of national regulations." Zeszyty Teoretyczne Rachunkowości 2019, no. 101 (157) (March 25, 2019): 149–66. http://dx.doi.org/10.5604/01.3001.0013.0760.
Full textAbstract:
This paper analyses the comparability of the structure and content of IFRS consolidated statements of cash flows within Polish listed companies and the influence of national accounting rules on these statements. Two research methods have been used: a literature review and an analysis of the content of financial statements. It has been found that there are small differences in the structure and content of IFRS consolidated statements of cash flows in Poland. The results indicate that the options in IAS 7 and the lack of an obligatory format of the IFRS statement of cash flows do not significantly reduce the comparability of these statements in Polish practice. Moreover, it has been observed that Polish listed companies follow national regulations only in some aspects for which IAS 7 provides options or has no regulations at all. The findings of this study may be relevant for standard setters, in particular, the current IASB Primary Financial Statements project, for users of financial reporting, and for academics for future research.
43
Drábková, Zita. "The potential to reduce the risk of manipulation of financial statements using the identification models of creative accounting." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 61, no. 7 (2013): 2055–63. http://dx.doi.org/10.11118/actaun201361072055.
Full textAbstract:
Explanatory power of accounting information is the key question for deciding of users of financial statements. A whole range of economic indicators is available to the users of financial statements to measure the firm productivity. When the accounting statements (and applied methods) are manipulated, the economic indicators may reveal clearly different results. The users of financial statements should have the possibility to assess the risk of manipulation of accounting statements in time considering potential risk of accounting fraud. The aim of this paper was based on the synthesis of knowledge from the review of literature, the CFEBT model analysis and Beneish Model proposing a convenient model for identifying risks of manipulation of financial statements. The paper summarizes the outcomes of possibilities and limits of manipulated financial statements and their identification. The testing hypothesis is assessing whether there is a close relation of a loss and an increase in the cash flow in 3–5 years time; whether the sum of the amounts for 3–5 year’s time would reveal the same results respectively. The hypothesis was verified on the accounting statements of the accounting entities of prepared case studies respecting the true and fair view of accounting based on Czech accounting standards.
44
Efimova, Olga, and Olga Rozhnova. "Financial reporting and climate-related disclosures." Journal of Digital Science, no. 1 (May 28, 2020): 67–75. http://dx.doi.org/10.33847/2686-8296.2.1_6.
Full textAbstract:
The article examines disclosures on climate-related risks in financial statements. The conducted study has analyzed corporate reports (financial, integrated, environmental, on sustainable development) of leading Russian metallurgical companies that consider climate change influence or environmental impacts as the most significant. The following conclusion is derived from conducted research. Majority of climate-related disclosures are currently made in broader corporate reports, primarily in ecological, social responsibility and sustainable development reports. There is almost no information about climate-related risks in financial statements, and there are no corresponding cross-references on environmental issues between financial and non-financial reports. Climate-related risks impact most important indicators of financial statements, corporate strategy and business model. Materiality of information on climate change impact on companies` financial position, performance and cash flows need to be considered in the context of financial statements. The aim of the study is to confirm the materiality of climate-related risk disclosure for interested users, existing insufficiency of such disclosures in financial statements and make proposals on filling the identified information vacuum. The article offers recommendations on feasibility of developing a new standard "Climate risks: Disclosures", which should provide users with essential information on the judgments and assumptions related to assessment of climate-related risks` impact on financial statements.
45
Luca, Mihaela. "REGARDING THE USERS OF FINANCIAL STATEMENTS AND THEIR INFORMATION NEEDS." STUDIES AND SCIENTIFIC RESEARCHES. ECONOMICS EDITION, no. 13 (December 17, 2008): 49. http://dx.doi.org/10.29358/sceco.v0i13.17.
Full textAbstract:
In order to satisfy the information needs of users from inside and outside the organizations, accounting elaborated a proper method of generalization and synthesizing of information it produces, which involved the development of some appropriate tools, known as financial statements. For users outside the company, these are often the only source of information available directly from the organization. The knowledge of the interests of different categories of users has an important role in trying to improve the quality of financial statements, which should allow taking correct decisions based on the financial position, the results of economic and financial activity and the changes in the financial position of the company.
46
Prastiwi, Putri Intan, and Payamta. "Literature Review: Research Reflection of Financial Statements Fraud Detection Methods in Indonesia." European Journal of Business and Management Research 6, no. 4 (August 28, 2021): 355–58. http://dx.doi.org/10.24018/ejbmr.2021.6.4.1037.
Full textAbstract:
This study aims to identify methods in the detection of fraud in financial statements conducted by researchers in Indonesia. This research has been published on the website of the Ministry of Research and Technology with the SINTA 1 and SINTA 2 indexes. This research was conducted with a literature study on financial statement fraud in Indonesia. The research method used is a descriptive qualitative method by taking data from literacy studies on the research of fraud detection methods in Indonesia. The results of this study indicate that the fraud detection method used in financial reports in Indonesia is using the fraud Triangle method. The article of these studies is expected to provide input, insight, and information to all parties such as company management, auditors, and users of financial statements about various methods of detecting financial statement fraud in Indonesia.
47
Anshari, Ahmad Rafiq, and Trinandari Prasetyo Nugrahanti. "Faktor-Faktor yang Mempengaruhi Pertimbangan Tingkat Materialitas Audit (Studi Empiris KAP di Wilayah DKI Jakarta)." Jurnal Akuntansi 13, no. 2 (November 3, 2021): 214–30. http://dx.doi.org/10.28932/jam.v13i2.3923.
Full textAbstract:
Abstract
This study aims to empirically examine the effect of auditor professionalism, auditor experience and professional ethics on the consideration of the materiality level of financial statement audits. This research method uses a causal descriptive method and the primary data source is obtained by distributing questionnaires to auditors at public accounting firm (KAP) located in DKI Jakarta area using convenience sampling technique. Data analysis was performed using multiple linear regression method and hypothesis testing using SPSS ver.23 program. The results of this study indicate that auditor professionalism, auditor experience and professional ethics have a positive effect on the consideration of the level of audit materiality in financial statements. Auditors in improving a high professionalism attitude must have a lot of audit experience so that it will be appropriate to determine the determination of the materiality level of the financial statements. In carrying out an audit of financial statements, the auditor cannot provide absolute assurance to clients or other users of financial statements that the audited financial statements are free from material misstatement.
Keywords :Auditor Professionalism, Auditor Experience, Professional Ethics, and Materiality Levels
48
De Villiers, C. "The willingness of South Africans to support more green reporting." South African Journal of Economic and Management Sciences 1, no. 1 (March 31, 1998): 145–67. http://dx.doi.org/10.4102/sajems.v1i1.1873.
Full textAbstract:
The purpose of the article is to establish the willingness of South Africans to support more environmental corporate reporting. A questionnaire was used in the empirical study. The views of three groups were obtained, namely the preparers of financial statements (directors of companies were regarded as such), auditors of financial statements and their users. Seeing that accountability was chosen as the uppermost reason for disclosure in financial statements, the views of users were regarded as most important. However, the views of the other groups may well become more important should environmental legislation or regulation of reponing be considered in future. In analysing the results it was found that there were few cases of significant difference of opinion between the three groups. The preparers, auditors and users of financial statements were generally quite positive about more environmental corporate reporting. They were even in favour of making such disclosure compulsory.
49
Neogy, Taposh Kumar. "Disclosure of Financial Statements: A Study on Mobile Telecommunication Companies in Bangladesh." American Journal of Trade and Policy 3, no. 1 (April 30, 2016): 29–38. http://dx.doi.org/10.18034/ajtp.v3i1.397.
Full textAbstract:
Accounting information produced by AIS through preparing the different financial statements of the selected mobile telecommunication companies is used to meet the needs of interested stakeholders for taking effective decision to serve the different purpose. The selected mobile telecommunication companies follow the provision of IASs/BASs and IFRSs/BFRSs for preparing and presenting the different financial statements. The selected mobile telecommunication companies also follow the Companies Act, 1994, the Securities and Exchange Rules 1987 and other applicable laws in Bangladesh. Accounting Information Systems of the selected mobile telecommunication companies collects stores and disseminates data for the purpose of providing meaningful information to the interested users that assist planning, controlling, coordinating, analyzing and taking effective decision. The general purpose of preparing the different financial statements of the selected mobile telecommunication companies is to provide accounting information to the interested users for taking every effective decision making process. Accurate judgments are impossible unless financial statements are clear and understandable by the interested parties. The study focuses the extent of disclosure scores of the income statement and balance sheet items of the selected mobile telecommunication companies over five years from 2008 to 2012. The results show that the average disclosure scores of income statement and balance sheet items are satisfactory and there is significant difference in disclosure scores of income statement and balance sheet items of the selected mobile telecommunication companies during the period under study. The results also show that most of the respondents reveal that the accounting information produced by AIS of the selected mobile telecommunication companies is moderately adequate and informative and there was significant and non significant difference of opinions among the respondents regarding the adequacy and informativeness of accounting information produced by AIS of the selected mobile telecommunication companies.
JEL Classifications Code: M41, F38
50
Strawser, Jerry R. "An Investigation of the Effect of Accountant Involvement with Forecasts on the Decisions and Perceptions of Commercial Lenders." Journal of Accounting, Auditing & Finance 9, no. 3 (July 1994): 533–57. http://dx.doi.org/10.1177/0148558x9400900312.
Full textAbstract:
Guidance for the traditional attest function recently has been expanded to provide directions to independent accountants performing engagements on forecasted financial statements (“Financial Forecasts and Projections,” AICPA [1992, AT 200]). Although the use of forecasted financial information in lending decisions has been extensively examined in previous research, the extent to which engagements identified by “Financial Forecasts and Projections” actually affect users' decisions and perceptions has not been determined. This study examines whether decisions and perceptions of commercial lenders are influenced by the level of accountant involvement (no involvement, a compilation engagement, or an examination engagement) with a hypothetical loan candidate's forecasted financial statements. The results of this study indicate that bankers consider the extent of accountant involvement with forecasted financial statements in their lending decisions. In addition, a significant interaction between the level of accountant involvement with historical financial statements and forecasted financial statements indicates that this effect is more pronounced when the accountant also audits the loan candidate's historical financial statements. However, bankers' perceptions of the responsibilities assumed and assurances provided by the accountant in these engagements differ from statements in accountants' reports. These inconsistencies suggest the need for the AICPA to modify current accountants' reports to communicate more clearly the nature of these engagements and to provide further education to users.