New governance modes for Germany's financial reporting system: another retreat of the nation state?

2007 ◽  
Vol 5 (3) ◽  
pp. 437-465 ◽  
Author(s):  
Philipp B. Volmer ◽  
Jörg Richard Werner ◽  
Jochen Zimmermann
Keyword(s):  
Financial Reporting ◽  
Reporting System ◽  
Nation State ◽  
New Governance ◽  
Governance Modes

Diffi cult Issues of Equity Accounting

Auditor ◽  
2021 ◽  
Vol 7 (1) ◽  
pp. 37-41
Author(s):  
N. Mislavskaya
Keyword(s):  
Financial Reporting ◽  
Reporting System ◽  
Professional Community ◽  
Financial Statements ◽  
Critical Assessment ◽  
Financial Reporting Standards ◽  
Theoretical Approaches ◽  
Diffi Cult ◽  
Fixed Assets ◽  
Mandatory Use

The article, based on a retrospective analysis of theoretical approaches to the concept of capital, examines the legality of its reflection in the accounting (financial) reporting system. The dilemma of an organization's choice of an accounting policy for the revaluation of fixed assets or the mandatory use of it, discussed today in the professional community, justifies the democratic approach used in international financial reporting standards in the author's reading. Critical assessment refers to the methodology for reflecting the revaluation results on accounting sets and in the forms of accounting (financial) statements.

scholarly journals Formation of XBRL reporting

2020 ◽  
pp. 95-102
Author(s):  
Нalyna Umantsiv ◽  
Yevheniia Polovyk
Keyword(s):  
Financial Reporting ◽  
Reporting System ◽  
Financial Statements ◽  
Developed Countries ◽  
Inductive Method ◽  
Basic Material ◽  
Problem Statement ◽  
Or Methodology ◽  
The Developed Countries ◽  
The Impact

Relevance of the research topic. At the present stage of transformational transformation of the economy, the issue with the use of the XBRL format in Ukraine, which is a prerequisite for successful interaction of enterprises in the global financial market and enhancing the competitiveness of domestic enterprises. Problem statement. The absence of the practice of applying taxonomy of financial statements in Ukraine, causes the relevance of this study. The developed countries of the world have already introduced this format, because it allows to make the reporting not only transparent and accessible to potential investors, but also convenient for analysis. Analysis of recent studies and publications. The process of functioning of the financial reporting system in the format XBRL is the newest, it was researched in works: Kuznetsova S. A., Borisenko A. A., Boyko R. V., Ostrovskaya O. A., Khatib E., Yassin M., Harber M., Marx B., De Jager P. and other. Highlighting unexplored parts of a common problem. Particular attention is needed to develop solutions that will minimize potential problems associated with the implementation and use of the XBRL format in Ukraine. Setting of the task, objectives of the research. Analyzing the implementation of XBRL format in Ukraine. Identifying prospects for using and setting the potential issues in the preparation of new financial statements using global experience. Research method or methodology. Dialectical methods of scientific cognition, collection and analysis of information and inductive method were used in the course of the research. Basic material presentation (results of work). The article defines the essence of the XBRL format, analyzes the stages of its implementation in Ukraine. Prospects and typical errors in the preparation of financial statements using the format have been identified. Measures have been developed to minimize the likelihood of occurrence and to overcome problems associated with its application, taking into account world experience. Areas of application of the results. The results of this study may be applied in the preparation of financial statements in accordance with the specified format. Conclusions to the article. All of the benefits of implementing XBRL far outweigh the impact of its application Its use in Ukraine shall allow reporting entities to properly prepare financial statements, adjust the requirement for duplicating financial statements while presenting to regulators, and help woo investors through formation of the qualitative financial statements.

scholarly journals A theoretical model of stakeholder perceptions of a new financial reporting system

2016 ◽  
Vol 40 (4) ◽  
pp. 300-315 ◽  
Author(s):  
Alexandra Fontes ◽  
Lúcia Lima Rodrigues ◽  
Russell Craig
Keyword(s):  
Theoretical Model ◽  
Financial Reporting ◽  
Reporting System ◽  
Stakeholder Perceptions

scholarly journals INDIAN CORPORATE FINANCIAL REPORTING SYSTEM: A STUDY ON THE CASH FLOWS OF SELECTED PRIVATE ENTERPRISES

2016 ◽  
Vol 4 (1) ◽  
pp. 35-42
Author(s):  
Santanu Kumar Das
Keyword(s):  
Cash Flow ◽  
Financial Reporting ◽  
Reporting System ◽  
Cash Flows ◽  
Annual Reports ◽  
Modern World ◽  
Private Enterprises ◽  
Narrative Reporting ◽  
Private Investors ◽  
Corporate Financial Reporting

Corporate financial reporting plays an important role in growing phenomenon of Privatization. The present study is based on the reports of Private Enterprises for three years. Findings revealed that the companies were presenting their annual reports. A privately owned enterprise refers to a commercial enterprise that is owned by private investors, shareholders or owners. The recent trend in financial reporting includes presentation and discloser of accounting aspect, corporate governance, corporate social responsibility and narrative reporting. The present paper will examine the cash flow statements of Maharastra Scooters Ltd., Tata Chemicals Ltd. and TVS Srichakra. In corporate financial reporting cash flow statement tells us the net cash flow activities, particularly its operating, investing and financial activities. These indications are helpful to analyze cash flow. This explains the sources and applications of liquidity of company. Keeping the importance of financial reporting in modern world the present paper attempts to analyzed and evaluate the financial reporting system in some selected units of private enterprises in India.

scholarly journals Factors affecting financial management: Case study of educational manager training and fostering public institutions

2021 ◽  
pp. 1861-1870
Author(s):  
Thang Quyet Nguyen ◽  
Ha Thanh Viet ◽  
Le Thi Thanh Loan
Keyword(s):  
Financial Reporting ◽  
Internal Control ◽  
Financial Management ◽  
Quantitative Research ◽  
Reporting System ◽  
Positive Impact ◽  
Specific Model ◽  
Ho Chi Minh City ◽  
Quantitative Research Methods ◽  
Factors Affecting

The research focuses deeply on and evaluates the factors affecting financial management of educational managers training and fostering institutions in Ho Chi Minh City, Vietnam. This is a very specific model for countries in transition economies as in Vietnam, a country is in the process of comprehensive renovation, restructuring public service delivery institutions, increasing the assignment of self-responsibility to institutions, reducing financial pressure on the State budget. Using qualitative and quantitative research methods together with techniques, i.e., testing reliability scales with Cronbach's alpha coefficients, exploratory factor analysis EFA, CFA and linear model SEM, the study investigated 500 samples in 07 educational institutions in Ho Chi Minh City, Vietnam. The findings revealed six (06) factors, which are internal control system, technology infrastructure, top managers’ commitment, cash management and budget system, organizational responsibility, affected the financial reporting system, and meanwhile, the financial reporting system has a positive impact on the financial management. Based on this result, the study has proposed implications for improving financial management in educational managers training and fostering institutions in Ho Chi Minh City, Vietnam.

scholarly journals Cybersecurity and cyber risk in integrated and management reports of key service operators

2021 ◽  
Vol 45 (2) ◽  
pp. 31-50
Author(s):  
Aleksandra Ferens
Keyword(s):  
Financial Reporting ◽  
Reporting System ◽  
Stock Exchange ◽  
Qualitative Information ◽  
External Threats ◽  
Present Information ◽  
Warsaw Stock Exchange ◽  
Deductive Method ◽  
Cyber Risk ◽  
Scientific Achievements

Purpose: The scope of interactive information processed and exchanged through cyberspace has grown exponentially. Therefore, there is a need to develop cybersecurity that protects this space against both internal and external threats, as well as to work out an appropriate reporting system on the cybersecurity model operating in the company. The aim of the paper is to identify and assess the disclosures on cybersecurity and cyber risk in the integrated and management reports of selected companies listed on the Warsaw Stock Exchange. Methodology: The study focused on the integrated and management reports of 17 selected companies identified as operators of so-called key services. The representative sample was chosen through purposive sampling. This process was preceded by a preliminary analysis of companies listed in the WIG 30 Index, drawing on the number of integrated reports prepared by the operators of key services. The research involved an analysis of the literature and legal regulations, as well as the structure and scope of information on cybersecurity reported by the surveyed companies, along with the deductive method. The results of the analysis showed that only some companies present information on existing cyber risks and cybersecurity, while information is scattered in different parts of the business reports and non-comparable due to the lack of a unified data structure. It was noted that the reports do not contain detailed information on the activities in the field of cybersecurity, which makes it impossible to perform a multifaceted and multisectoral assessment of the results reported by the entities. Originality: The paper builds on and thus complements the scientific achievements in the field of non-financial reporting, including the business model, by identifying the shortcomings related to reporting on how to protect companies against the risk related to cyber threats in the reports to date. The study also confirms the need to improve the content of business reports with quantitative and qualitative information in this regard

scholarly journals Valuation Challenges in Stranded Asset Scenarios

2020 ◽  
pp. 157-174
Author(s):  
Posi Olatubosun ◽  
Sinem Derindere Köseoğlu
Keyword(s):  
Financial Reporting ◽  
Reporting System ◽  
Participant Observation ◽  
Intrinsic Value ◽  
Risk Society ◽  
Responsible Investment ◽  
Key Factor ◽  
The Uk ◽  
Energy Companies ◽  
Risk Reporting

This chapter investigates the challenges faced by sell-side analysts in engaging with companies with material stranded assets through the lens of Becksian risk society theory. The research unravels the usefulness of sustainability reports in deriving the intrinsic value of energy companies in the UK, and whether they take Environmental Social and Governance (ESG) factors into consideration in doing so. Qualitative data were collected via dual methods comprising longitudinal participant observation at IR meetings and interview of sell-side analysts and institutional shareholder. Findings indicate dissatisfaction with the existing risk reporting system is a key factor in divestment decisions and asset stranding. The growing Responsible Investment (RI) awareness notwithstanding, the inadequate risk reporting system continues to represent a major source of agitation amongst shareholders and analysts, making the overhaul of the current financial reporting system inevitable.

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