Accounting and Financial Reporting in Spanish Regional Governments: Exploring Similarities and Differences

2001 ◽  
pp. 195-212
Author(s):  
Vicente Montesinos ◽  
José Manuel Vela ◽  
Bernardino Benito
Keyword(s):  
Financial Reporting ◽  
Similarities And Differences ◽  
Regional Governments

Composition and characteristics of the financial statements elements in accordance with IFRS

2020 ◽  
pp. 36-42
Author(s):  
Mohammad Tariq Jassim
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
International Financial Reporting Standards ◽  
International Accounting ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Current Trends ◽  
Similarities And Differences ◽  
Qualitative Characteristics

In a market economy, the role of International Financial Reporting Standards is increasing. In order to understand their significance in modern conditions it seems necessary to consider the peculiarities of evolution of IFRS formation. The article reflects actual issues concerning the role and significance of International Accounting and Reporting Standards in modern conditions. The author has defined the necessity of applying International Accounting and Reporting Standards by Russian companies. The article highlights the main elements and users of financial statements prepared on the basis of IFRS, and analyzes the similarities and differences that exist in the formation of financial statements, based on the requirements of IFRS and RAS. The main qualitative characteristics of financial statements are considered in detail. Based on the results of the research, the author has identified current trends in the transition to international financial reporting standards.

scholarly journals The Effect of Fiscal Decentralization on the Accountability of City / District Government Financial Reporting in Indonesia and the Regional Government's Financial Performance as a Moderation Variable

2020 ◽  
Vol 5 (7) ◽  
pp. 370-376
Author(s):  
Wahida Nurmuthmainnah ◽  
Syarifuddin . ◽  
Mediaty .
Keyword(s):  
Local Government ◽  
Financial Performance ◽  
Financial Reporting ◽  
Local Governments ◽  
Central Government ◽  
Fiscal Decentralization ◽  
Financial Statements ◽  
Series Data ◽  
Financial Reports ◽  
Regional Governments

This study aims to provide an overview of the effects of fiscal decentralization in proxies with regional independence and regional dependence on the central government regarding accountability of regional financial reporting and financial performance of Local Governments as moderating variables. The type of data used in this study is secondary data, panel data in the form of time series data from 2015 to 2017 and cross section data from 509 districts / cities in Indonesia. The sample selection in this study was purposive sampling by creating a cluster of western, central and eastern regions, so that 135 samples were obtained. The results showed that: (1) Regional independence had a positive effect on the accountability of local government financial reports. (2) Regional Dependence has a negative effect on the Accountability of Regional Government Financial Statements. (3) The financial performance of regional governments can moderate the influence of regional independence on the accountability of local government financial reports. (4) The financial performance of regional governments can moderate the effect of regional dependence on the accountability of local government financial statements.

Financial Reporting of Islamic Financial Institutions

2020 ◽  
pp. 854-873
Author(s):  
Mezbah Uddin Ahmed
Keyword(s):  
Financial Institutions ◽  
Financial Reporting ◽  
Accounting Standards ◽  
Financial Accounting ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Differential Approach ◽  
Islamic Financial Institutions ◽  
Similarities And Differences

This chapter elucidates the arguments for and against differential approach pertaining to financial reporting amongst Islamic Financial Institutions (IFIs). The chapter has identified additional objectives which the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) aims to achieve in comparison to International Financial Reporting Standards (IFRS). The chapter has also identified the global adoption status for both AAOIFI Financial Accounting Standards (FAS) and IFRS Standards, as well as the difficulties faced in adopting AAOIFI's FAS. This chapter offers illustrative examples of AAOIFI's FAS and IFRS applications to help in providing a much better understanding in terms of similarities and differences in the application of these two sets of standards.

scholarly journals The Effect of Financial Reporting Quality on Regional Governments’ Performance Accountability

2020 ◽  
Author(s):  
Mulyo Agung
Keyword(s):  
Financial Reporting ◽  
Structural Equation ◽  
Reporting Quality ◽  
Equation Model ◽  
Financial Reporting Quality ◽  
Path Coefficient ◽  
Financial Reports ◽  
Performance Accountability ◽  
Low Performance ◽  
Regional Governments

Accountability is an important issue in Indonesian government. The present study aims to further analyze the performance accountability issue in regional governments in Indonesia, which is affected by the quality of financial reports. The fact shows that regional governments in Indonesia have low performance accountability. This study attempts to attest for or against the statement through testing whether or not financial reporting quality has an effect on regional governments’ performance accountability. Subjects of the study are 40 Satuan Kerja Perangkat Daerah (SKPD/Regional Government’s Work Units) of Regencies/Cities in Indonesia. Survey is the research methodology implemented. Hypothesis is analyzed and tested using Structural Equation Model (SEM). The findings show that good Financial Reporting Quality will improve Performance Accountability of regional governments in Indonesia, with a positive path coefficient. Keywords: Financial Reporting Quality, Regional Government’s Performance Accountability

Conceptual shifts in accounting: Transplanting the notion of boundary from financial to non-financial reporting

2018 ◽  
pp. 133-175 ◽  
Author(s):  
Laura Girella ◽  
Mario Abela ◽  
Elisa Rita Ferrari
Keyword(s):  
Business Model ◽  
Financial Reporting ◽  
Financial Statements ◽  
Financial Information ◽  
Critical Aspect ◽  
Unexplored Area ◽  
Sustainability Governance ◽  
Similarities And Differences ◽  
Definition Of

In 1998 Miller, in his paper titled "The margins of accounting" observed that "By looking at the margins of accounting, we can understand how this influential body of expertise is formed and transformed" (Miller, 1998: 618). Drawing on this analogy, the boundaries of reporting and the ways these are defined and re-defined, as a consequence of the relationships organisations form with other entities from time to time, and their substantive nature provide insights about the business and its business model. Accordingly, an examination of reporting boundaries helps to better understand and appreciate the objective of an organisation, the logic that underlies its business model and how that is ‘reflected' and communicated through the reporting entity's financial statements - which may or may not align with the boundaries of the ‘organisation'. Despite the relevance of reporting boundaries as a critical aspect of the accounting discipline, it remains a relatively unexplored area in the literature. Accordingly, the aim of this work is to offer an initial overview on how the boundaries of reporting have (not) changed in response to the broadening scope of reporting to address both financial and ‘non-financial' information (e.g. sustainability, governance and intangibles) and attempts to promote greater integration between both sets of information (IIRC, 2013). In particular, the analysis draws on the interpretative schemes of Zambon (1996) and Zambon and Zan (2000) and is combined with the concept of ‘transplantation'. The manner in which reporting boundaries are defined for both financial and non-financial reporting is investigated and compared. This comparison enables similarities and differences between the definition of the ‘reporting boundary' to be problematised and explored for both financial and non-financial reporting.

scholarly journals Harmonization of financial statements using web architecture

2006 ◽  
Vol 4 (1) ◽  
pp. 317-323
Author(s):  
Ganesh Vaidyanathan ◽  
P. N. Saksena ◽  
Peter Xavier
Keyword(s):  
Information Technology ◽  
Financial Reporting ◽  
Financial Statements ◽  
Short Term ◽  
Multiple Methods ◽  
Financial Reports ◽  
Web Architecture ◽  
Similarities And Differences ◽  
User Friendly

The objective of this paper is to show that the universal implementation of harmonized standards does not seem plausible in the short term and further to propose various models which would provide multiple GAAP financial statements in a user friendly format. The opportunities of Information Technology (IT) and the need for harmonization of financial statements meld the essence of this study. In this study, we look at the feasibility of employing multiple methods of employing IT to the task of harmonizing financial reports. Using the similarities and differences among GAAP of three major countries belonging to three continents, we formulated IT methodologies and how these methods can enhance the functionality of harmonization of financial statements. We also study IT guidelines of electronic standards for international financial reporting.

scholarly journals Accounting for Financial Investments in View of International and Local Financial Reporting Standards

2020 ◽  
Vol 31 (2) ◽  
pp. 437-462
Author(s):  
Ayad Jumaah Khalaf ◽  
Omar Mohammed Arkad
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Business Environment ◽  
International Financial Reporting Standards ◽  
Accounting System ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Financial Investments ◽  
Accounting Rules ◽  
Similarities And Differences

The transformations in the business environment and the opening of markets have led to increased interest in financial investments to revive the national economy and with the emergence of international business and multinational companies، accounting work has become more extensive and complex، which requires improving local accounting standards and in line with international requirements، where the research problem is that Iraq is one of the countries It seeks to use accounting that is largely consistent with the international financial reporting standards through its keenness to apply the unified accounting system and accounting rules and that studying financial investments in the light of both international financial reporting standards and Iraqi accounting regulations and knowing and identifying similarities and differences between them can improve the process of increasing Harmony and increased compatibility Where the importance of research lies in improving the unified accounting system and the Iraqi accounting rules through which financial investments are accounted for and shown in financial statements and communicated to users of financial reports in a way that reflects on the enhancement of investment decisions، and with this the aim of the research is to identify financial investments in the light of each of the reporting criteria International and local financial and accounting treatments in addition to conducting a comparative analytical study to find out the similarities and differences between them and proposing the necessary basis and procedures to help increase harmony and consensus، as the two researchers used the theoretical side and the comparative analytical method based on the sources and references as well as the international and local financial reporting standards related to the research topic Also، tables and illustrations were used، many results were reached، the most important of which is a wide gap between international and domestic financial reporting standards in relation to accounting for financial investments. Financial statements، and among the recommendations of the researchers is the necessity to issue a separate accounting rule for financial investments and another rule for investments in real estate، as well as an accounting base for investment in associates and joint ventures in order to classify financial investments according to what came in the international financial reporting standards.

scholarly journals Accounting systems in Croatia, Poland, and Slovakia – a comparative study

2020 ◽  
Vol 109 (165) ◽  
pp. 193-214
Author(s):  
Beata Zyznarska-Dworczak ◽  
Ivana Mamić Sačer ◽  
Daša Mokošová
Keyword(s):  
European Union ◽  
Comparative Analysis ◽  
Cultural Differences ◽  
Financial Reporting ◽  
Accounting Standards ◽  
Cultural Factors ◽  
The European Union ◽  
Accounting Systems ◽  
The Face ◽  
Similarities And Differences

Purpose: This paper provides a comparative analysis of accounting systems in three Central and East-ern European countries − Croatia, Poland, and Slovakia. The main goal of the paper is to contribute to the understanding of the main differences and their main economic, historical, and cultural reasons. Methodology/approach: The research based on a comparative analysis of Croatian, Polish, and Slovak accounting regulations allows for the identification of important differences in accounting standards, despite the geopolitical proximity of the analysed countries and their Slavic roots. Findings: The paper demonstrates that the economic differences between the countries may influence the development of their accounting systems. Our empirical research also reveals that accession to the European Union had a significant impact on the development of accounting in these countries. Moreover, our research verified whether cultural differences influence accounting systems and financial reporting in the analyzed coun-tries. Originality/value: The similarities and differences in accounting systems indicated in this paper may help regulators assess real opportunities to harmonize accounting regulations in the member states of the European Union in the face of economic and cultural factors.

Orosensory Perception, Speech Production, and Deafness

1973 ◽  
Vol 16 (2) ◽  
pp. 257-266 ◽  
Author(s):  
Milo E. Bishop ◽  
Robert L. Ringel ◽  
Arthur S. House
Keyword(s):  
High School ◽  
Speech Production ◽  
Poor Performance ◽  
Normal Hearing ◽  
The Other ◽  
Functional Disorders ◽  
Form Discrimination ◽  
School Subjects ◽  
Oral Form ◽  
Similarities And Differences

The oral form-discrimination abilities of 18 orally educated and oriented deaf high school subjects were determined and compared to those of manually educated and oriented deaf subjects and normal-hearing subjects. The similarities and differences among the responses of the three groups were discussed and then compared to responses elicited from subjects with functional disorders of articulation. In general, the discrimination scores separated the manual deaf from the other two groups, particularly when differences in form shapes were involved in the test. The implications of the results for theories relating orosensory-discrimination abilities are discussed. It is postulated that, while a failure in oroperceptual functioning may lead to disorders of articulation, a failure to use the oral mechanism for speech activities, even in persons with normal orosensory capabilities, may result in poor performance on oroperceptual tasks.

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