scholarly journals EVALUATION OF THE CONTENT OF CONTROLLING CONCEPT: HOLISTIC APPROACH

2018 ◽  
Vol 12 (1) ◽  
pp. 47-59 ◽  
Author(s):  
Daiva Tamulevičienė ◽  
Rasa Subačienė
Keyword(s):  
Internal Control ◽  
Holistic Approach ◽  
Point Of View ◽  
Information Support ◽  
Management Support ◽  
Research Fields ◽  
Controlling System ◽  
Operational Activities ◽  
Definition Of ◽  
A Company

From a scientific point of view, the analysis of the controlling concept and specification of the definition of controlling, taking changing economic, social and cultural conditions into account, are important in order to disclose the meaning and importance of controlling, to identify the object, functions, tasks of controlling and its place in the organisational structure of a company, to form a controlling system and distinguish its elements as well as to create a methodological basis for introduction of a controlling system into a company. Having considered that there is a huge variety of controlling definitions as well as explanations and interpretations of concepts, the content analysis method was used for examining the controlling concept. The analysis of the content of controlling definitions revealed that significant differences among the controlling concepts are related to identification of the research fields of controlling as well as distinguishment of dominant elements defining the goal, purpose and activities of controlling. After systematizing the concepts it was determined that controlling has to be analysed as a system combining narrower fields of research (procedural, functional, instrumental). After carrying out the analysis of dominant elements of controlling provided in the definitions it was revealed that most of them emphasize that controlling is oriented towards achieving the company's goals without specifically mentioning these goals. It is suggested to widen this concept by indicating that controlling has to be oriented towards achieving strategic and operational goals and concrete results of these activities have to be reflected through creation and increase of the company's value. Such approach is based on the attitude that the purpose of creating and introducing every new management system, including controlling, has to be related to additional value which, in the long run, can be created by connecting strategic and operational activities. When analysing the concepts of controlling in the respect of designation of dominant activity fields it was noticed that the management support activity is mentioned the most often and in the controlling system it is realised through various other activity fields. Their recurrence frequency in the provided definitions differ; yet the most frequently mentioned activities are those of planning, control and information support. Taking into account the fact that current controlling definitions do not identify the conditions under which this system would function efficiently it is appropriate to widen the definition of controlling in this respect by indicating that development of a controlling system flexibly responding to the changing external and internal environment as well as oriented towards factors creating a company's value is efficient in competitive and dynamic business conditions. The results of the conducted survey on the essence and the level of perception of the controlling in Lithuanian medium-sized business enterprises show that 54.7% of all surveyed mid-sized company executives and accounting and finance professionals have a clear perception on the controlling. The rest respondents identified controlling as control, internal control, management accounting, or were unable to define this category at all. Analysis of whether the level of control perception depends on the experience of the application of the controlling system in the companies, it has been determined that the perception level of the companies in which the control system has been applied or planned to be applied in the future, is significantly higher.

scholarly journals Interrelation of management accounting and internal control systems

2021 ◽  
pp. 176-182
Author(s):  
Vera V. Krainova Krainova
Keyword(s):  
Internal Control ◽  
Management Accounting ◽  
Information Support ◽  
Accounting System ◽  
Model Of Management ◽  
Definition Of ◽  
Control And Management ◽  
The Relationship ◽  
Management Accounting System

The article substantiates the relationship between internal control and management accounting. In the course of the substantiation, the content of the definition of "management accounting" is specified in the context of the study of the role of the management accounting system in the information support of internal control; on the example of shipping companies, the information of management accounting for the purposes of internal control is systematized. A conceptual model of management accounting is constructed, the system-forming elements of the management accounting system are identified and clarified, each of which has control elements "embedded" in it.

Auditing System Development: Constructing the Meaning of “Systematic and Rational” in the Context of Legacy Code Migration for Vendor Incentives

2008 ◽  
Vol 22 (1) ◽  
pp. 47-62 ◽  
Author(s):  
A. Faye Borthick ◽  
Paul L. Bowen
Keyword(s):  
Internal Control ◽  
System Development ◽  
Legacy Code ◽  
Staff Members ◽  
Microsoft Access ◽  
Working Definition ◽  
Sarbanes Oxley ◽  
Controlling System ◽  
Code Migration ◽  
Definition Of

This simulation affords an opportunity for learning to audit system development for an accounting application. The simulation responds to the growing emphasis on controlling system development for complying with the internal control assurance requirements of Section 404 of the Sarbanes-Oxley Act of 2002 (U.S. House of Representatives). Because of the lack of detailed accounting standards for vendor incentives, learners have to construct a working definition of “systematic and rational” allocation of incentives in order to develop audit objectives and procedures. In the simulation, learners (1) develop objectives for auditing the specific project of migration of legacy code for vendor incentives and the system development for a group of projects, (2) design audit procedures to achieve the audit objectives, (3) execute the audit procedures by querying the databases, and (4) communicate objectives, procedures, and results in a report. The simulation is staged with conversations among audit staff members and the company's system development manager, databases containing application test data and program library transactions, and readiness questions. Although the databases are supplied in the form of Microsoft Access® files, the simulation can be worked with any database query tool. The simulation helps learners develop their capabilities for designing audit objectives and procedures for testing system development and for querying databases.

scholarly journals Deep Learning for Historical Document Analysis and Recognition—A Survey

2020 ◽  
Vol 6 (10) ◽  
pp. 110
Author(s):  
Francesco Lombardi ◽  
Simone Marinai
Keyword(s):  
Deep Learning ◽  
State Of The Art ◽  
Point Of View ◽  
Historical Documents ◽  
Learning Approaches ◽  
Historical Document ◽  
Research Directions ◽  
Research Fields ◽  
Definition Of ◽  
Novel Applications

Nowadays, deep learning methods are employed in a broad range of research fields. The analysis and recognition of historical documents, as we survey in this work, is not an exception. Our study analyzes the papers published in the last few years on this topic from different perspectives: we first provide a pragmatic definition of historical documents from the point of view of the research in the area, then we look at the various sub-tasks addressed in this research. Guided by these tasks, we go through the different input-output relations that are expected from the used deep learning approaches and therefore we accordingly describe the most used models. We also discuss research datasets published in the field and their applications. This analysis shows that the latest research is a leap forward since it is not the simple use of recently proposed algorithms to previous problems, but novel tasks and novel applications of state of the art methods are now considered. Rather than just providing a conclusive picture of the current research in the topic we lastly suggest some potential future trends that can represent a stimulus for innovative research directions.

scholarly journals Analisis Pengendalian Internal Piutang Usaha Dalam Meminimalisir Piutang Tidak Tertagih

2020 ◽  
Vol 8 (2) ◽  
pp. 117-126
Author(s):  
Agustina Maya ◽  
Kusuma Dewi
Keyword(s):  
Cash Flow ◽  
Internal Control ◽  
Sales Volume ◽  
Accounts Receivable ◽  
Manufacturing Company ◽  
The Future ◽  
Operational Activities ◽  
A Company ◽  
Sales Practice

Credit sales are carried out by companies to attract many customers, so that the sales volume  can increase compared to sales in cash. However, credit sales have several risks including uncollectible receivables. Hence, internal control of receivables is very important as receivables, in the future, must be recorded in cash flow. If there are customers who are overdue in payments or fail to  settle their debts due to various reasons, the company’s operational activities will be disrupted.           The purpose of this study is to determine the internal control of trade receivables in minimizing uncollectible receivables in a company.           PT Bostinco is a manufacturing company that produces safes, filling cabinets, roll-o-pack sliding cabinets, fire doors, etc. In its regular sales practice, the company  uses a credit sales system,  preceded by  down payment requirements based on  the agreement between the seller and the customers. As credit sales made by the company will cause trade receivables,  internal control is carried out to minimize the risk of uncollectible receivables.           The results of the study show that internal control of accounts receivable in minimizing uncollectible receivables runs poorly due to the findings of  the original Delivery Order files that are still  discharged. Moreover, the company has some VAT debt arrears which  prevents it from getting the tax invoice number. Unfortunately, there is no penalty agreement for  late payment despite of quite large amount of receivables.   Keywords: Internal Control of Accounts Receivable and Minimize Uncollectible Receivables

scholarly journals Financial Condition as an Object of Accounting and Analytical Support and Internal Control

2021 ◽  
Vol 93 ◽  
pp. 02009
Author(s):  
Anton Chepulyanis ◽  
Natalia Mokina ◽  
Irina Vlasova
Keyword(s):  
Internal Control ◽  
Information Support ◽  
Financial Condition ◽  
Definition Of ◽  
Methodological Aspects

The article presents theoretical and organizational and methodological aspects of accounting and analytical support and internal control of the financial condition of the organization. The authors highlight the main directions of interpretation of the definition of "financial condition", and provide the author's definition of this category. The paper describes the process of information support for managing the financial condition of an organization, and reveals its main blocks. The article also provides a methodology for accounting and analytical support of the financial condition forecasting process.

scholarly journals Overview of the Relationship between Internal Control and Corporate Governance

2020 ◽  
Vol 4 (2) ◽  
pp. 12
Author(s):  
Li Xucui
Keyword(s):  
Corporate Governance ◽  
Economic Crisis ◽  
Internal Control ◽  
Point Of View ◽  
Basic Theory ◽  
Normal Operation ◽  
Global Economic Crisis ◽  
Environmental Theory ◽  
The Relationship ◽  
A Company

As the global economic crisis deepens, people have a clearer understanding of risks. Since internal control and corporate governance can better control risks in the development of a company, how to properly handle the relationship between internal control and corporate governance has become the focus of research. There are mainly three views on the relationship between the two among scholars’ researches including environmental theory, basic theory and chimerism theory. In the normal operation of a company, as internal control and corporate governance are closely related, people are more inclined to the point of view of chimerism, claiming that the two affect each other and they are inseparable.

scholarly journals REVIEW OF THEORETICAL APPROACHES TO DETERMINING THE COMPETITIVENESS OF A FIRM

2021 ◽  
pp. 94-103
Author(s):  
Anna Churaeva
Keyword(s):  
Theoretical Basis ◽  
Independent Study ◽  
Point Of View ◽  
Clear Understanding ◽  
Main Criterion ◽  
Theoretical Approaches ◽  
Analysis And Synthesis ◽  
Conducting Research ◽  
Definition Of ◽  
A Company

The purpose of this article is to consider the definition of a firm's competitiveness on the basis of scientific works of domestic and foreign authors, which will help to consider this category in more detail from the point of view of various authorship and identify the main criteria of competitiveness, which, according to the authors, are key in determining the high competitiveness of a firm. A retrospective direction of analysis and synthesis will help to track the evolution of competitiveness from the standpoint of the main criterion put forward by the author and formulate an actual definition of this category, which together will give a clear understanding of the assessment of this economic category and will be able to reflect the essence of already existing theoretical approaches to determining the competitiveness of a firm. The results of the analysis can be used as a theoretical basis for studying the evolution of the definition of the competitiveness of a company both for classes in the classroom and for independent study. The clearly formulated essence of determining the competitiveness of a firm in the future can become the basis for conducting research on the main criteria for the competitiveness of a firm, methods for assessing the competitiveness of a firm and the formation of a system of economic indicators for assessing the competitiveness of a firm, however, due to the specificity and relative novelty of this economic category, namely its close connection with a multitude of external factors that affect the change in its essence over time, and in particular constant technical progress and digitalization of the economy, there is a high probability of losing the relevance of a number of formulated theoretical points that are relevant for a given period of time, which will require refinement and additional study of the essence of the company's competitiveness.

scholarly journals FORMATION OF THE CONTROL SYSTEM AT THE ENTERPRISES OF HOTEL AND RESTAURANT BUSINESS: THEORETICAL AND METHODOLOGICAL ASPECT

2021 ◽  
Author(s):  
Liliia Honchar ◽  
◽  
Olha Aukhimik ◽  
Keyword(s):  
Business Processes ◽  
Structural Model ◽  
Information Support ◽  
Enterprise Management ◽  
Management Decision ◽  
Controlling System ◽  
Analysis And Synthesis ◽  
Management Decision Making ◽  
Definition Of ◽  
The Individual

Modern market conditions dictate the new rules of operation for enterprises and require improvement of the enterprise management process. That is why it is important to organize a controlling system at the enterprise to optimize and improve the efficiency of microeconomics management in the hotel and restaurant business. Awareness of the relevance led to the definition of the subject of research, which are scientific and applied principles and approaches, methods and tools of the controlling system in the hotel and restaurant business. The purpose of the paper is a comprehensive analysis and systematic generalization of theoretical and methodological aspects of the formation of the controlling system in the hotel and restaurant business. To solve certain tasks, a system of general scientific and special methods was used: historical and logical, comparative, logical generalization, analysis and synthesis, graphic, etc. A comprehensive approach to analysing and summarizing the definitions of the category of «controlling» allows to interpret controlling in the hotel and restaurant business; that is, controlling as a management system of one or more processes of the enterprise, is aimed at achieving and maintaining strategic goals and includes information support, evaluation, coordination, optimization and control of the activities of all functional and management units for the implementation of the strategic plan. In addition, the classification of types of controlling in terms of different approaches, which expands and deepens the study of the economic essence and content of the scientific category. The main prerequisite for achieving effective functioning of the hospitality industry is a successfully organized process of controlling the company, which includes taking into account the external and internal environment, which are constantly changing under the influence of uncontrolled factors and create new conditions for the enterprise; taking into account the peculiarities of business processes in the hotel and restaurant business, which will allow the most effective management activities at the enterprise, taking into account all the individual nuances of the enterprise; providing management with relevant information that allows you to respond in a timely manner to unexpected changes in the enterprise; regulating the results of activities that optimize the management decision-making process, by analysing the potential impact of deviations on the probability of achieving the goal. Based on the analysis and generalization of information, a structural model of the controlling system in the hotel and restaurant business was designed and substantiated, which comprehensively takes into account the peculiarities of the enterprise, without which the hotel and restaurant complex as a single integrated mechanism is impossible. The methodological tools of the controlling system are substantiated, a comprehensive combination of which will systematically cover the key activities of enterprises in the hotel and restaurant business and, as a consequence, provide a stable long-term competitive advantage in the changing and unstable business environment.

scholarly journals Evaluasi Pengendalian Intern Terhadap Sistem Akuntansi Pembelian dan Persediaan Bahan Baku Pada PT Fuyindo Multi Perdana

2010 ◽  
Vol 1 (2) ◽  
pp. 666
Author(s):  
Vini Mariani ◽  
Yonarsie Bindari
Keyword(s):  
Internal Control ◽  
Research Method ◽  
Raw Materials ◽  
Field Research ◽  
Internal Controls ◽  
Literature Study ◽  
Accounting Systems ◽  
Internal Control System ◽  
Operational Activities ◽  
A Company

Internal control is essential for the operational activities of a company. The author conducted research for internal control of accounting systems and inventory purchases of raw materials. Internal controls for purchasing and inventory of raw materials is essential if companies want to produce a superior product. In this study researchers prepare the field research method by observation and literature study by studying the theories associated with the purchase and supply of raw materials. The results obtained show the important things that can be controlled by the company for operating companies to run well and the management can give a decision based on the reports of evaluation results, it can be suggested that companies should do in the internal control system purchase accounting and inventory of raw materials. 

scholarly journals Internal control of transactions operation in the sustainable management system of organizations

2021 ◽  
Vol 258 ◽  
pp. 12009
Author(s):  
Alsou Zakirova ◽  
Guzaliya Klychova ◽  
Angelina Dyatlova ◽  
Gamlet Ostaev ◽  
Elena Konina
Keyword(s):  
Internal Control ◽  
Control Process ◽  
Information Support ◽  
Practical Significance ◽  
Audit Planning ◽  
The Status ◽  
Control Procedures ◽  
Definition Of ◽  
Key Indicators

In modern conditions one of the main problems of economic entities is the increase in accounts receivable and payable, which is influenced by objective and subjective factors. In this connection the role of internal control of settlement operations is increasing. The aim of the article is to improve methodological support of internal control of settlement operations for increasing the quality of audit, providing information about the state of settlements with contractors to the management of enterprise for making operational and strategic management decisions. The proposed methodological support is based on stage-by-stage audit of settlement operations including the following main stages: audit planning; implementation of control procedures; execution of audit results. the peculiarity of internal control of settlement operations is determined by a variety of normative and information support of the audit. For the purpose of improvement of control procedures in the course of the study working documents of internal control have been developed. The working document «Verification of the availability of the agreement with a separate counterparty» can be used by the controller to identify errors arising in the preparation of the contract, as well as to determine the completeness and timeliness of the parties to fulfill their obligations, With the proposed in the study working document «Confirmation of the status of settlements with counterparties» can identify cases of fraud and misstatement of data contained in the financial statements. In the course of the study it was proposed to perform a point-rating assessment of debtor reliability based on a system of key indicators in the internal control process. The suggested rating estimation of counterparties will make it possible to carry out their comparative analysis and grouping as well as to identify those counterparties that have a high probability of non-payment of existing debts. The practical significance of the study lies in the possibility of using the developed approaches to determine the information base, to set the purpose and definition of control tasks, to the rational choice of control procedures, to the use of working papers in the process of internal control of settlement operations.

Sign in / Sign up

Export Citation Format

Share Document