scholarly journals Managing Tax Dispute Due to IFRS-16 on the Retrofits Implementation in Indonesia

2018 ◽  
Vol 7 (3.21) ◽  
pp. 200
Author(s):  
Ismiriai Nasip ◽  
Eka Sudarmaji
Keyword(s):  
Energy Efficiency ◽  
Comparative Study ◽  
Cash Flow ◽  
Questionnaire Survey ◽  
Balance Sheet ◽  
Service Level ◽  
Business Owner ◽  
The Government ◽  
The Cost ◽  
The Impact

The IFRS-16 will shortly be implemented worldwide, where the operating lease is effectively removed, and all operational leases are qualified as debt. The operational lease is a major source and is important for off-balance sheet financing in Indonesia. Therefore, the implementation of IFRS-16 will probably hurt Indonesian business. The contract and/or service level agreements on the retrofits for the energy efficiency product can relieve the business owner from cash flow and new debts. This study established a framework for a critical comparative study; compare and assess the possibility of the retrofit financial practices under the current taxes regime, and the possibility upon IFRS-16 implementation to better understand the favorable measures for retrofit practitioners and future customers to handle the disputes. Triangulate the findings of comparative study and questionnaire survey to develop recommendation for the future researchers, practitioners and the government. The result indicates that the benefits of the retrofits financing implementation beat the cost and complexity posed by the enactment of new IFRS standards. Thus, the impact of the IFRS-16 and taxation are being considered as a part of business constraints that should be addressed together and able to manage the disputes over misperception on retrofits aspects with taxes officers.  

scholarly journals Effectiveness of a Power Factor Correction Policy in Improving the Energy Efficiency of Large-Scale Electricity Users in Ghana

Energies ◽  
2019 ◽  
Vol 12 (13) ◽  
pp. 2582 ◽  
Author(s):  
Samuel Lotsu ◽  
Yuichiro Yoshida ◽  
Katsufumi Fukuda ◽  
Bing He
Keyword(s):  
Energy Efficiency ◽  
Power Factor ◽  
Large Scale ◽  
Regression Discontinuity ◽  
Power Factor Correction ◽  
Energy Crisis ◽  
Regression Discontinuity Design ◽  
The Government ◽  
Power Factor Improvement ◽  
The Impact

Confronting an energy crisis, the government of Ghana enacted a power factor correction policy in 1995. The policy imposes a penalty on large-scale electricity users, namely, special load tariff (SLT) customers of the Electricity Company of Ghana (ECG), whose power factor is below 90%. This paper investigates the impact of this policy on these firms’ power factor improvement by using panel data from 183 SLT customers from 1994 to 1997 and from 2012. To avoid potential endogeneity, this paper adopts a regression discontinuity design (RDD) with the power factor of the firms in the previous year as a running variable, with its cutoff set at the penalty threshold. The result shows that these large-scale electricity users who face the penalty because their power factor falls just short of the threshold are more likely to improve their power factor in the subsequent year, implying that the power factor correction policy implemented by Ghana’s government is effective.

Energy Consumption in Leisure Centres – A Comparative Study

1997 ◽  
Vol 8 (3) ◽  
pp. 207-225
Author(s):  
A.J. Griffiths ◽  
P.J. Bowen ◽  
B.J. Brinkworth ◽  
I.R. Morgan ◽  
A Howarth
Keyword(s):  
Energy Efficiency ◽  
Energy Consumption ◽  
Comparative Study ◽  
Energy Cost ◽  
Good Practice ◽  
The Other ◽  
Occupancy Rate ◽  
The Government ◽  
The Uk ◽  
High Band

The Sports and Recreation sector within the UK uses the equivalent of 3 millions tonnes of coal per year to supply the activities demanded by an ever increasing sports conscience society. The government has attempted to stimulate energy efficiency in this sector through the use of good practice guides and case studies. A comparative study was undertaken to analyse the performance of two leisure complexes in the Seven Valley degree day region. One site had double the occupancy rate of the other. It was found that the energy consumption per user was approximately 10 kWh for both sites. However the energy cost per user showed a large difference: for Site A this index was 31p/user compared to 15p/user at Site B. The primary causes of this difference are attributed to variation in energy mix between the two sites, as well as a difference in the price paid for primary fuel. Indices based on floor area of the facilities exhibit similar trends, and furthermore show that both sites were in the high band of energy consumption. This indicated that both sites had the potential to make significant energy-related savings, and a further breakdown of electrical, natural gas and water consumption per site is used to identify these potential savings in a rapidly expanding sector.

scholarly journals (The Impact of Traffic Accidents on Development: A Contemporary Accounting Perspective, Asir governorate as a model - Saudi Arabia (2006-2013: أثر حوادث المرور على التنمية نظرة محاسبية معاصرة محافظة (عسير) نموذجاً المملكة العربية السعودية (2006– 2013)

2017 ◽  
Vol 3 (2) ◽  
Author(s):  
Shahabuddin Mohammed Ahmed Abdullah
Keyword(s):  
Saudi Arabia ◽  
Community Development ◽  
Traffic Accidents ◽  
Kingdom Of Saudi Arabia ◽  
The Government ◽  
The Cost ◽  
The Impact

The traffic accidents in the high ways and towns are still increasing, their effect on the community development clearly seen. The control of this problem is highly significant. The analysis of the data and the information about the traffic accidents, their direct, indirect, a variables and continues cost represented in curing the injured, paying the Diya, the cost of the medical operations on behalf of the government and the relatives of the injured dealt with through the accounting view. This paper aimed at measuring the effect of traffic accidents in terms of money, to be use for the development of Accer province – South of the kingdom of Saudi Arabia. The overall cost of the traffic accidents in 2013 is 23 pillions Riyal. The percentage of the injured is 30% per family. The cost account of traffic accidents in Accer province is 1. 6 pillions Riyal. These sums of money could have been use for the development of the province. The paper recommends The direct, indirect, a variables and continues costs of the traffic accidents should give a due consideration The traffic administration should give a due consideration as well, to be minimizing the number of the traffic accidents. There should be decisive practical measures to stop these accidents.

scholarly journals Quantitative Analysis of Consumer Preferences of Windows Set in South Korea: The Role of Energy Efficiency Levels

Energies ◽  
2019 ◽  
Vol 12 (9) ◽  
pp. 1816 ◽  
Author(s):  
Kwan Byum Maeng ◽  
Jiyeon Jung ◽  
Yoonmo Koo
Keyword(s):  
Energy Efficiency ◽  
Energy Consumption ◽  
South Korea ◽  
Willingness To Pay ◽  
Energy Savings ◽  
Consumer Preferences ◽  
Mixed Logit ◽  
The Government ◽  
The Cost

The building sector is considered to be important for Korean energy issues as it accounts for approximately 20% of Korea’s final energy consumption. As one of Korea’s passive strategies in its emission reduction plan is reducing energy consumption through improvements in energy efficiency because the energy loss mostly occurs from window sets, this study aims to examine the preferences and role of the energy efficiency level of window sets in South Korea. Given that the lifespan of a building exceeds 20 years, a building’s energy efficiency significantly impacts accumulated energy savings. However, window sets affect not only energy efficiency, but also the interior appearance of the building; therefore, it is important to understand consumer preferences and to examine their effect on building energy reduction accordingly. Using a mixed logit model, this study analyzes window set preferences and energy savings. As a result, this study determines that consumers consider the energy efficiency level to be the second most important factor in determining window preference, following the cost of the window. In addition, this study found that the marginal willingness to pay for efficiency level 2 window sets compared to level 3 window sets is USD 1256. For level 1 window sets, this figure increases to USD 3140. Further, a scenario analysis is conducted to analyze the government incentive program’s effectiveness in encouraging consumers to purchasing higher energy efficiency more efficient products, and thus in promoting the eco-friendly consumption of in households. Taking into consideration of households’ willingness to pay and cost saving amount for using energy efficient window sets, the optimal value of government incentives of is found to be approximately USD 700 is found to be optimal.

The regional and personal impact of the fiscal policies of a limited franchise government: Italy immediately after unification

2020 ◽  
Vol 35 (1) ◽  
pp. 37-61
Author(s):  
Giorgio Brosio
Keyword(s):  
Social Impact ◽  
Balance Sheet ◽  
Fiscal Policies ◽  
Ruling Class ◽  
Personal Impact ◽  
The Government ◽  
Agricultural Families ◽  
Registered Voters ◽  
Regional Discrimination ◽  
The Impact

For 15 years after its inception, Italy was governed by the Historical Right coalition. The electoral franchise was very limited: registered voters were less than 2 per cent of the population and their actual numbers were further eroded by absenteeism. The achievements of the first governments were impressive, though one can disagree on the merit of the policies, as many did. Most of the policies imposed a lot of hardship: individuals had to pay high taxes; they were drafted into the army for long periods; and they were sent to fight civil and regular wars. The very limited access to the vote led the ruling class to perceive that, in the short term, its actions were insulated against the unpopularity of its policies. Therefore, it pursued the mission of aggrandising the country and creating what it believed to be a viable and modern government system. The regional allocation of budget resources became the most disputed issue as the government coalition was accused of discriminating against southern regions. The article explores these themes empirically by constructing the so-called balance sheet of federations, leading to an estimate for each region of the net impact (the fiscal residuum) of national government tax and expenditure policies. The article also provides an estimate of the impact of tax and expenditure policies on poor agricultural families located in different areas. Both statistical exercises provide an original, though limited, contribution to the literature on the economic and social impact of the unification process in Italy. The analyses reveal that no redistribution was made, and regional discrimination did not emerge.

scholarly journals PEMODELAN UML UNTUK APLIKASI MANAJEMEN KEUANGAN

2018 ◽  
Author(s):  
walhidayat
Keyword(s):  
Information Systems ◽  
Cash Flow ◽  
Financial Management ◽  
Balance Sheet ◽  
Financial Statements ◽  
Accounting System ◽  
Management Company ◽  
Mobile Information ◽  
Mobile Information Systems ◽  
The Government

The development of mobile information systems with dynamic track and a variety of business needs, in order to be aligned with that goal then a computerized concept is needed. Periodically, the company has always issued financial statements that were made by the accounting department and given to the parties concerned, ie the government, creditors, owners and the management company itself. There are plenty of financial statements issued by the company, but that is commonly used is:Income Statement, Balance Sheet, Cash Flow Statement. Based on the analysis results, it can be seen that the system is feasible to be implemented on the Personal Software for purposes of financial management today is an electronic accounting system (E-Accounting System) using a variety of features that can be used in accordance with its function, and a variety of modeling softwarerequirements this can be used in modeling with UML method.

scholarly journals A CONCEPTUAL STUDY ON INDIAN STOCK MARKET'S RESPONSE TO COVID-19 PANDEMIC- A COMPARATIVE STUDY WITH OTHER CRISES

2021 ◽  
pp. 60-62
Author(s):  
Sahana. S ◽  
Sukanya. R
Keyword(s):  
Comparative Study ◽  
Banking Sector ◽  
Stock Market Volatility ◽  
Economic Activities ◽  
Country Life ◽  
Expert’S Opinion ◽  
The Government ◽  
Conceptual Study ◽  
The Impact ◽  
Unemployment Problem

The 2020 pandemic has shattered all most all the activities around the world, resulting to a great depression in the economy. Pandemic has poisoned all economic activities. The pandemic has affected public health in the country. If we make a keen look, every 10 years, there is some crash or scam happening in the country. However, after every crash if we make an analysis, there is a new revolution in the economy. The Harshad Mehta's scam which is one of the major scams in Indian share market history brought remarkable changes in banking sector, the Covid-19 crises has made India to depend immensely on technology which would otherwise not be possible in a country like India. With the spread of Covid virus across the country, the Government, after seeing the medical expert's opinion, announced nationwide lockdown to prevent the spread of the virus across the country. Life of millions of people was shattered as they could not earn their livelihood. Many youth lost their jobs, there was unemployment problem gearing up across the country. Due to the lockdown, the financial markets also reacted to the pandemic and there was lot of volatility in the share market. The present paper aims to examine the impact of Covid-19 on stock market volatility in India. The paper also considers some of the crashes that have happened in the past and to make a comparative study of various crashes with that of the Covid19 crash.

scholarly journals Economic-Engineering Modelling of the Buildings Sector to Study the Transition towards Deep Decarbonisation in the EU

Energies ◽  
2019 ◽  
Vol 12 (14) ◽  
pp. 2745 ◽  
Author(s):  
Fotiou ◽  
Vita ◽  
Capros
Keyword(s):  
Energy Efficiency ◽  
Electric Heating ◽  
Heat Pumps ◽  
Climatic Conditions ◽  
Mathematical Framework ◽  
The European Union ◽  
The Cost ◽  
The Impact ◽  
The Eu

The paper presents a newly developed economic-engineering model of the buildings sector and its implementation for all the European Union (EU) Member States (MS), designed to study in detail ambitious energy efficiency strategies and policies, in the context of deep decarbonisation in the long term. The model has been used to support the impact assessment study that accompanied the European Commission’s communication “A Clear Planet for All”, in November 2018. The model covers all EU countries with a fine resolution of building types, and represents agent decision-making in a complex and dynamic economic-engineering mathematical framework. Emphasis is given to behaviours driving the energy renovation of buildings and the ensuing choice of equipment for heating and cooling. The model represents several market and non-market policies that can influence energy decisions in buildings and promote deep energy renovation. Moreover, the paper presents key applications for supporting policies targeting ambitious reduction of energy consumption and carbon emissions in buildings across Europe. The results illustrate that the achievement of ambitious energy-efficiency targets in the long-term heavily depends on pursuing a fast and extensive renovation of existing buildings, at annual rates between 1.21% and 1.77% for the residential sector and between 0.92% to 1.35% for the services sector. In both cases, the renovation rates are far higher past trends. Strong policies aimed at removing non-market barriers are deemed necessary. Electrification constitutes a reasonable choice for deeply renovated buildings and, as a result, almost 50% of households chooses electric heating over gas heating in the long term. However, heat pumps need to exploit further their learning potential to be economical and implementable for the various climatic conditions in Europe. The results also show that the cost impacts are modest even if renovation and decarbonisation in buildings develop ambitiously in the EU. The reduced energy bills due to energy savings can almost offset the increasing capital expenditures. Fundraising difficulties and the cost of capital are, however, of concern.

scholarly journals The Impact of Business Scale of “Shadow Banking” on Credit Risk of Commercial Banks --Take Ten Domestic Listed Commercial Banks as Examples

2017 ◽  
Vol 9 (5) ◽  
pp. 94 ◽  
Author(s):  
Sijia Wen ◽  
Jishan Ma ◽  
Yawen Pan ◽  
Yuan Qi ◽  
Ruizhi Xiong
Keyword(s):  
Credit Risk ◽  
Commercial Banks ◽  
Balance Sheet ◽  
Commercial Banking ◽  
Shadow Banking ◽  
Financial Products ◽  
Banking Business ◽  
The Government ◽  
Definition Of ◽  
The Impact

In this article, according to search for the definition of shadow banking, we can make sure the business kinds of “shadow banking”, discuss the influence of business in “shadow banking” on credit risk of commercial banks, and study the elements which may increase the credit risk of commercial banks by using the semi-annual panel data during 2011-2016 of 10 listed banks. Then we can come to some primary conclusions: The credit risk of commercial banks is related to the shadow banking business. All the survival scale increment of financial products increasing, the size of entrusted loans increasing in increment, and the increasing in the size of guarantee commitments will increase the credit risk of commercial banks. There is no obvious relationship between trust loan business and bank credit risk. Our study is of great significance for the government to supervise the off-balance-sheet business of commercial banks. At the same time, it also fills the vacancy of domestic commercial banking “shadow banking” business empirical research.

scholarly journals Energy Efficiency, Policy and GTFP

2018 ◽  
Vol 53 ◽  
pp. 01033
Author(s):  
Fangqing Yi ◽  
Zenglian Zhang
Keyword(s):  
Economic Growth ◽  
Energy Efficiency ◽  
Environmental Regulation ◽  
Total Factor Productivity ◽  
Industrial Structure ◽  
Provincial Government ◽  
Factor Productivity ◽  
Linkage Mechanism ◽  
The Government ◽  
The Impact

The environmental and resource constraints on economic growth are increasingly evident. China urgently needs to reshape its economic growth momentum. The increase in green total factor productivity is particularly necessary for the growth of the quantity and quality of the economy. This paper selects the provincial panel data of 30 provinces in China from 2001 to 2015, and establishes a panel exchangeable errors model to analyze the impact of eight indicators on green total factor productivity (GTFP) and verifies its effectiveness. Empirical analysis shows that inter-provincial government competition, environmental regulation, energy consumption, and capital stock have a significant impact on green total factor productivity. The influence of foreign direct investment, industrial structure, and industrialization level on the total factor productivity of green is not significant. Therefore, the government should adopt suitable, flexible and diverse environmental regulation policies, promote energy-saving emission reduction and technology innovations through policies such as taxes and subsidies, strengthen the linkage mechanism between industrial structure upgrading and energy efficiency, to increase green total factor productivity.

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