Exploratory Study on the Capitalization of Accounting Information by Financial Constructions Determined on the Basis of the Balance Sheet

Abstract The capitalization of the information provided through the balance sheet should be one of the priorities of the organization’s manager. This is because the processed accounting information is the one that contributes to the setting of objectives and strategy and at the same time provides the necessary information capital for proper management of the activity. For these reasons, the article presents a series of financial constructions based on the accounting information provided through the financial accounting system and centralized in the balance sheet. The aim of the paper is to capture the benefits of using it by management and not to detail indicators / rates / tools in terms of calculation methods.

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METHODS OF BALANCE SHEET ITEMS EVALUATION AND RECOGNITION IN FINANCIAL ACCOUNTING AND THEIR IMPACT ON LIQUIDITY INDICATORS

Latgale National Economy Research ◽

10.17770/lner2011vol1.3.1815 ◽

2011 ◽

Vol 1 (3) ◽

pp. 204

Author(s):

Iveta Mietule ◽

Rita Liepiņa

Keyword(s):

Data Acquisition ◽

Balance Sheet ◽

Accounting Information ◽

Evaluation Methods ◽

Financial Accounting ◽

Financial Reports ◽

Financial Indicator ◽

Separate Balance ◽

Economic Nature ◽

Indicator Evaluation

Displaying and evaluation methods of the accounting information in the financial reports influence greatly the authenticity, indicator evaluation and making decisions of the economic nature. In the article the evaluation methods of separate balance items, their influence on the indicators of the companies’ liquidity are interpreted, the problems of the balance item classification in the financial reports are updated. The authors believe that when investigating a specific financial indicator (for example, liquidity) it is important to analyse and evaluate both the methodology of data acquisition in accounting and to evaluate the methods of recognition of these elements in financial reports.

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The Usefulness of Management Accounting Information: Users’ Attitudes

Ekonomika ◽

10.15388/ekon.2006.17568 ◽

2006 ◽

Vol 74 ◽

Author(s):

Zina Gaidienė ◽

Rimvydas Skyrius

Keyword(s):

Management Accounting ◽

Accounting Information ◽

Research Literature ◽

Perceived Usefulness ◽

Financial Accounting ◽

Extensive Literature ◽

Accounting System ◽

Accounting Research ◽

Research Journal ◽

Using Data

During the years of Lithuanian economic independence, much emphasis is laid on financial accounting and auditing, whereas management accounting has been languishing in the background.This paper investigates the role and development of management accounting and the usefulness of its information perceived by managers. The management accounting system is characterized in terms of information. These characteristics are: scope, timeliness, the level of aggregation, and information which assists integration.Empirical support for the relationship between the features of management information and its perceived usefulness is provided using data gathered from questionnaires and interviews. The search for usefulness of management accounting information was guided by the accounting research literature. The goal has been to determine what features of information are recognized by managers and accountants as useful.The results of analysis have shown that all interviewed managers perceived management accounting (economic and non-economic) information as useful. However, the level of their scores has been higher than that of accountants.There had been no comprehensive study involving the evaluation of usefulness of accounting information by Lithuanian managers. The present study has been undertaken to learn more about how Lithuanian managers perceive the usefulness of management accounting information. This was the principal objective of this research. Since managers’satisfaction with the accounting system could be highly biased, the next objective was to determine whether accountants perceived the same features of information as useful. The third objective of this study was to review the possibilities for the development of management accounting systems.Thus, the purpose of this paper was to examine the perception of usefulness of accounting information by its suppliers and users.The paper proceeds as follows. We describe management accounting, its role and development. We provide a framework for the survey based on a review of the extensive literature on research published by foreign management accounting journals during the period 1980-2005, including Accounting, Organizations and Society. The Accounting Review, Contemporary Accounting Research, Journal of Accounting and Economics, Journal of Management Accounting Research, Strategic Finance, Business and Finance History. Cost Accounting Magazine, Management Accounting Quarterly. A survey and its statistical analysis are presented. The final section contains conclusions.

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Goodwill Impairment: A New Window For Earnings Management?

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v8i2.669 ◽

2010 ◽

Vol 8 (2) ◽

Cited By ~ 1

Author(s):

Yousef Jahmani ◽

William A. Dowling ◽

Paul D. Torres

Keyword(s):

Earnings Management ◽

Balance Sheet ◽

Accounting Information ◽

Accounting Standards ◽

Financial Accounting ◽

Financial Accounting Standards Board ◽

Font Size ◽

Rates Of Return ◽

Public Companies ◽

Goodwill Impairment

The Financial Accounting Standards Board promulgated standard No. 142 in an attempt to improve the understandability of accounting information.  This new rule eliminated the practice of automatically amortizing goodwill.  No. 142 requires public companies to test goodwill for possible impairment at least annually.  An unintended consequence of this new standard is the opportunity for companies to use it in earnings management.  To test the possibility that the rule is being used for this purpose, a sample of companies was chosen, all of which had amounts of goodwill on their balance sheet during the 2003-2005 interval.  The results reveal that the number of companies experiencing losses or low rates of return on total assets who actually impaired goodwill was statistically insignificant during the period under consideration.  Thus, the results strongly suggest that companies are using No. 142 in an attempt to manage the volatility of earnings.

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FREDERICK WINSLOW TAYLOR'S CONTRIBUTIONS TO ACCOUNTING

Accounting Historians Journal ◽

10.2308/0148-4184.7.1.17 ◽

1980 ◽

Vol 7 (1) ◽

pp. 17-35 ◽

Cited By ~ 5

Author(s):

Rosita S. Chen ◽

Sheng-Der Pan

Keyword(s):

Capital Structure ◽

Rapid Growth ◽

Financial Accounting ◽

The Other ◽

Accounting System ◽

Manufacturing Companies ◽

Managerial Accounting ◽

Income Statement ◽

The One

Taylor's system of accounting was formulated in the 1880s, basically completed in the 1890s, and implemented in various manufacturing companies up until the 1920s. The rapid growth of business and the accompanying change in capital structure in this century led to an income-statement emphasized financial accounting system on the one hand, and a decision-oriented managerial accounting system on the other. In either system, some influence of Taylor's work is still discernable.

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TELAAHAN PENERAPAN SISTEM INFORMASI AKUNTANSI DENGAN MYOB UNTUK PENYAJIAN LAPORAN KEUANGAN BERDASARKAN PSAK NO. 1 PADA CV. GRAPH PRINTING

Jurnal Ilmiah Binaniaga ◽

10.33062/jib.v6i1.270 ◽

2019 ◽

Vol 6 (1) ◽

pp. 87

Author(s):

Adri Wihananto

Keyword(s):

Information System ◽

Accounting Information ◽

Financial Statements ◽

Financial Accounting ◽

Financial Statement ◽

Accounting System ◽

Company Performance ◽

Accounting Standard ◽

Accounting Information System ◽

A Company

Financial statements represent end result from applying an information accounting system. Therefore, to yield good financial statement needed a good information system also. With existence of computerized accounting information system it is provided that accounting information system will walk better and the yielded to financial statements become more accurate and complete. The objective of this research is to know accounting system which previously exists at CV Graph Printing. Others, this research also aim to apply computerized accounting information system with MYOB. This application is expected could help company make good financial statement. CV Graph Printing represent a company moving in the field of printing office. The effort area experienced by this company for example setting (invitation, brochure, visiting card, etc.), screening (clothes, invitation, plastic, etc.), and print (book, invitation, note, etc.). The result of research indicate that accounting information system which preexist at company, that is manual administrate system is not be adequate again. Accounting record process for transactions that happened in company have never been done. Others also the transaction evidences are not kept better. The most important fact is that during the time the company not at all own financial statement so that the owner do not know their company performance during the time. With existence of applying MYOB in its accounting information system, transaction record become easier and quickly. Financial statement could visible any time we wish. Others also, financial statement yielded become more accurate and complete as according to Financial Accounting Standard (FAS) which is validKeywords: accounting information system, MYOB, financial statement

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Practices of Financial and Management Accounting: Evidence fromSmall and Medium-Sized Enterprises of Nepal

Journal of Nepalese Business Studies ◽

10.3126/jnbs.v9i1.14597 ◽

2016 ◽

Vol 9 (1) ◽

pp. 77-86

Author(s):

Gyaneswar Sharma

Keyword(s):

Decision Making ◽

Management Accounting ◽

Balance Sheet ◽

Perceived Usefulness ◽

Financial Accounting ◽

Accounting System ◽

Sampling Frame ◽

Published Evidence ◽

Accounting Reports ◽

Effective Use

76 One of the important factors which determine the performance of a business organization is effective use of financial and management accounting system. In Nepal, very few published evidence on the accounting practices among small and medium sized enterprises (SMEs) is found. In this regards, this study aims to examine the financial and management accounting practices among SMEs in Nepal and to investigate perceived usefulness of these reports for decision making process. A survey was carried out using the SMEs in the various nature of business listed by industrial statistics as sampling frame. The findings from the study has provided relevant and useful insights about the current financial and management accounting practices and the level of perceived usefulness of the accounting reports among SMEs. The result of the study indicates that a majority of the SMEs surveyed prepare their accounting reports at least one times in a year. Man agement accounting reports were perceived to be more useful and decision making tool than financial accounting reports. Among the financial accounting reports, profit and loss statement was considered as most useful, followed by balance sheet and cash flow. It also found that there is no significance mean difference of practices of each accounting system across three types of SMEs.Journal of Nepalese Business Studies Vol. 9, No. 1, 2015 pp. 77-86

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Towards a new ecological and human type of national accounting for developing economies (The CARE/TDL model) (to be continued)

BRICS Journal of Economics ◽

10.38050/2712-7508-2020-4 ◽

2020 ◽

pp. 43-59

Author(s):

Jacques Richard

Keyword(s):

Financial Reporting ◽

Developing Economies ◽

Ecological Crisis ◽

Financial Accounting ◽

Accounting System ◽

Reporting Standards ◽

Historical Survey ◽

National Accounts ◽

Financial Reporting Standards ◽

The One

The goal of this article is to show how today’s financial accounting system, notably the IFRS (International Financial Reporting Standards) and the related National accounts (primarily the famous GDP, Gross Domestic Product), are the main causes of today’s human and ecological crisis. This assertion is justified on the basis of an historical survey of the development of capitalist accounting since the end of the Middles Age, the time of its foundation. We prove that, in the form it was invented by big capitalists at that time (and used until today), the concept of capital-debt to be conserved has nothing to do with the one used by economists of either classical, neoclassical, or marxist schools and that it is a very dangerous weapon against the interests of the mankind and ecology.

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Perspective and Challenges of Blockchain Technology in the Accountability of Financial Information

Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government ◽

10.4018/978-1-7998-5351-0.ch085 ◽

2021 ◽

pp. 1554-1577

Author(s):

Jorge Tarifa-Fernández ◽

María Pilar Casado-Belmonte ◽

María J. Martínez-Romero

Keyword(s):

Information System ◽

Accounting Information ◽

Financial Information ◽

The Other ◽

Accounting System ◽

Accounting Information System ◽

Blockchain Technology ◽

Initial Stage ◽

The One ◽

The Impact

The accounting information system could be improved by blockchain technology, but some potential risk could arise. Thus, it is worth considering such risks. The accounting research and academic literature regarding the impact of this technology on the accounting system are in an initial stage of this emergent field. The purpose of this chapter is to go a step further on this topic and to spur additional research regarding accounting and blockchain technology. The contribution of this study is twofold. On the one hand, it shows the main technologies comprising blockchain and their main consequences understood as sources of improvement. On the other hand, it assesses said effects applied to different processes of the accounting information system. Not only does this work show implications for the accounting profession, but the effects on the primary stakeholders are also brought to light.

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Continuing the Normative Dialog: Illuminating the Asset/Liability Theory

Accounting Horizons ◽

10.2308/acch.2010.24.3.419 ◽

2010 ◽

Vol 24 (3) ◽

pp. 419-440 ◽

Cited By ~ 7

Author(s):

Paul B. W. Miller ◽

Paul R. Bahnson

Keyword(s):

Final Section ◽

Balance Sheet ◽

Accounting Standards ◽

Normative Theory ◽

Financial Accounting ◽

Policy Makers ◽

The Public ◽

Financial Position ◽

Income Measurement ◽

The One

SYNOPSIS: This paper responds to the call in Dichev (2008) for rekindling the public discussion of normative accounting theories and analyses. Our goal is to enable and encourage members of the accounting academy to participate productively in dialogs with policy makers and to bring normative theory and analysis into their classrooms to help prepare students for more productive careers as practitioners or educators. Toward that end, we begin by explaining our position on the functional role for normativism. Next we offer up five guidelines to be applied in constructing and analyzing normative accounting theories. The guidelines are then used to frame a discussion of our version of the normative asset/liability theory of income measurement and financial position, especially its advantage of basing accounting measures on observed empirical data without relying on assumptions, predictions, and allocations. This theory is similar to and yet distinct from the one described in the Financial Accounting Standards Board’s Conceptual Framework and is quite different from the “balance sheet approach” criticized by Dichev. In the final section of the paper we use the guidelines to address several points in Dichev’s article and to suggest ways his analysis could be improved.

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Changing approaches to the quality of accounting information: a historical aspect

Problems of Theory and Methodology of Accounting Control and Analysis ◽

10.26642/pbo-2021-2(49)-3-7 ◽

2021 ◽

pp. 3-7

Author(s):

S.L. Bezruchuk

Keyword(s):

Management System ◽

Accounting Information ◽

Social Needs ◽

Information Support ◽

Accounting System ◽

Accounting Systems ◽

Historical Aspect ◽

Quality Of Accounting Information ◽

The One

The one of the main factors in ensuring the effectiveness of the management system of economic activity of the enterprise is information support. For the management staff, the priority is to improve the quality of the accounting system, which directly affects the formation of information support of the management system. Until recently, it was believed that all changes in accounting were due to globalization processes, increasing attention to environmental security, social responsibility, corporate governance. Historically, legal systems, political and economic differences have created a huge variety of accounting systems, which makes it difficult to make meaningful comparisons of financial statements in different countries. But, despite this, historically, approaches to disclosing the quality of accounting information have developed in a single vector that depended on the purpose of accounting, because it is obvious and logical that the development of accounting contributed to progress, stability, the need to meet social needs. In this regard, the periodization of accounting development is important. It allows us to trace historical logic, to approach the realization of the progress of changing epochs. The article proposes a new vector of approaches to the historical vision of periodization of accounting development in terms of determining its quality or qualitative characteristics.

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