IS ACCOUNTING UNIVERSAL BUSINESS LANGUAGE: CASE FOR FINANCIAL MANAGEMENT CONTROL

2017 ◽  
Vol 2 (23) ◽  
pp. 175-180
Author(s):  
Svitlana A. Kuznetsova ◽  
A. A. Kuznetsov
Keyword(s):  
Financial Management ◽  
Management Control

scholarly journals CURRENT SITUATION, STRUCTURE AND MEASURES TO COUNTERACT BUSINESS CRIME IN CHINA

2021 ◽  
pp. 73-80
Author(s):  
Р. Dunmei
Keyword(s):  
Corporate Finance ◽  
Rule Of Law ◽  
Economic Activity ◽  
Financial Management ◽  
Public Life ◽  
Management Control ◽  
Social Phenomenon ◽  
Effective Prevention ◽  
Legal Risk ◽  
The Rule Of Law

Entrepreneurship is the main bearer of economic activity, which is why the company is central to public life, and moreover, the entrepreneur is recognised as the soul of the company. However, some entrepreneurs, unaware of the rule of law and responsibility, take risks in areas such as corporate finance, financial management, trade and product quality, which leads to an increase in crime among entrepreneurs, which to some extent limits the development of market economies. Entrepreneurial crime as a negative social phenomenon reveals institutional weaknesses in the functioning, management, control and other links of enterprises. In order to overcome previous risks, improvement of the concept, mechanism, organisation and methods of legal risk management should be organically combined with the production and management of the enterprise in order to form a system of prevention and effective prevention of entrepreneurial crime.

scholarly journals Editorial for Applied Econometrics

2020 ◽  
Vol 13 (9) ◽  
pp. 187
Author(s):  
Chia-Lin Chang
Keyword(s):  
Economic Growth ◽  
Stock Returns ◽  
Financial Management ◽  
Network Effects ◽  
Abnormal Returns ◽  
Earnings Forecasts ◽  
Applied Econometrics ◽  
Management Control ◽  
Middle Income ◽  
Gaussian Regression

This Editorial evaluates 14 invaluable and interesting articles in the Special Issue “Applied Econometrics” for the Journal of Risk and Financial Management (JRFM). The topics covered include recovering historical inflation data from postage stamps prices, FHA loans in foreclosure proceedings through distinguishing sources of interdependence in competing risks, information in earnings forecasts, nonlinear time series modeling, a systemic approach to management control through determining factors, economic freedom and FDI versus economic growth, efficient cash use of the Taiwan dollar, financial health prediction in companies from post-Communist countries, influence of misery index on U.S. Presidential political elections, multivariate student versus Gaussian regression models in finance, financial derivatives markets and economic development, income inequality and economic growth in middle-income countries, abnormal returns, mis-measured risk, network effects, and risk spillovers in stock returns.

scholarly journals What happened to financially sustainable firms in the Corona crisis?

2020 ◽  
Vol 28 (3-4) ◽  
pp. 83-90 ◽  
Author(s):  
Thomas Günther ◽  
Werner Gleißner ◽  
Christian Walkshäusl
Keyword(s):  
Financial Management ◽  
Firm Growth ◽  
Investment Strategy ◽  
Risk Profile ◽  
Management Control ◽  
Risk Exposure ◽  
Financial Sustainability ◽  
Investment Portfolio ◽  
Investment Portfolios ◽  
Earnings Risk

AbstractPurpose: Financial sustainability is underrepresented in both research on and the practice of sustainability management and reporting. In this article, we examine empirically how financially sustainable firms performed in the Corona crisis.Methods: We measure financial sustainability by four conditions: (1) firm growth, (2) the company’s ability to survive, (3) an acceptable overall level of earnings risk exposure, and (4) an attractive earnings risk profile. We apply this measurement to investment portfolios of a broad sample of firms from 15 European countries of the MSCI Europe using typical investment portfolio characteristics.Results: We find that financially sustainable firms outperform both the broad market and firms with low financial sustainability for the time span July 2019 to March 2020.Conclusion: An investment strategy that invests in financially sustainable firms seems to be better capable of overcoming economic breakdowns such as the Corona crisis. We find that the returns increase with each of the four conditions that are included in the investment strategy. This underlines that considering financial sustainability is interesting for financial management, corporate governance and management control.

scholarly journals The Impact of Cost Leadership Strategy and Financial Management Control Systems on Organizational Performance in Pakistan’s Services Sector

2017 ◽  
Vol 6 (1) ◽  
pp. 1-19
Author(s):  
Ahmed Imran Hunjra ◽  
Farida Faisal ◽  
Faiza Gulshion
Keyword(s):  
Financial Performance ◽  
Control Systems ◽  
Financial Management ◽  
Management Control ◽  
Management Control Systems ◽  
Cost Leadership ◽  
Services Sector ◽  
Leadership Strategy ◽  
The Impact ◽  
Cost Leadership Strategy

This study gauges the impact of cost leadership strategy and financial management controls on financial performance of firms in Pakistan’s services sector. Drawing on a sample of banking, insurance and investment firms listed on the Karachi Stock Exchange, we find that cost leadership strategy and financial management control systems have a significant and positive impact on financial performance. This implies that both factors should be aligned in the long term.

scholarly journals Assessment and Prioritize Risk Factors of Financial Measurement of Management Control System for Production Companies Using a Hybrid Z-SWARA and Z-WASPAS with FMEA Method: A Meta-Analysis

Mathematics ◽  
2022 ◽  
Vol 10 (2) ◽  
pp. 253
Author(s):  
Sara Rahmati ◽  
Mohammad Hossein Mahdavi ◽  
Saeid Jafarzadeh Ghoushchi ◽  
Hana Tomaskova ◽  
Gholamreza Haseli
Keyword(s):  
Risk Factors ◽  
Decision Making ◽  
Control System ◽  
Financial Management ◽  
Business Strategy ◽  
Meta Analysis ◽  
Management Control ◽  
Management Control System ◽  
Deviation Analysis ◽  
Fmea Method

The management control system in an industry is managerial, directional, hindrance, and cohesive action in order to cohere and regulate various branches and sub-branches. In fact, it is a system that supports the real state of matters in the right way. This method is intended at assuring that the purposes and activities carried out have the desired outcomes and eventually lead to the objects and purposes of the company. In this matter, the financial and non-financial management control system is essential both when it comes to strategy community; Consequently, in this paper, the management control system is classified into financial and non-financial categories because such analysis gives a chance to get a broad assessment of a management control system relationship in organizations. In this paper, we evaluate the relationship between business strategy and management control system and their influences on financial performance measurement of a manufacturer (a case study of Maral co.) with the use of Merchant’s theory. Furthermore, In this case, a decision-making strategy centered on the FMEA is used to identify and prioritize risk factors financial of the control system in companies. Nevertheless, because this strategy has some significant limitations, this research has presented a decision-making approach depending on Z-number theory. For tackle, some of the RPN score’s drawbacks, the suggested decision-making methodology combines the Z-SWARA and Z-WASPAS techniques with the FMEA method. The findings reveal that in the non-financial management control system element, customer satisfaction, and in the financial component, cost standards are at the largest level of weight. Furthermore, the strategic planning factor with a rate of 2.95 and the deviation analysis factor with a rate of 2.87 is at the lowest level, respectively. In sum, market or industry changes are the primary cause of risk in businesses, according to FMEA methodology and the opinions of three professionals.

Tony Lowe and the Interdisciplinary and Critical Perspectives on Accounting Project

2014 ◽  
Vol 27 (5) ◽  
pp. 766-777 ◽  
Author(s):  
Richard Laughlin
Keyword(s):  
Financial Management ◽  
Historical Analysis ◽  
Management Control ◽  
Content Type ◽  
History Of ◽  
Personal Reflections ◽  
The University ◽  
Control Association ◽  
Insight Into ◽  
Critical Perspectives

Purpose – The purpose of this paper is to reflect on the life of Tony Lowe, Emeritus Professor of Accounting and Financial Management at the University of Sheffield, who died on 5 March 2014. It celebrates Tony Lowe’s considerable direct contributions to accounting knowledge and, possibly more significantly, his indirect contribution through his enabling of a range of those associated with him at Sheffield to become scholars of distinction in their own right. Design/methodology/approach – Publication review, personal reflections and argument. Findings – Apart from providing insight into Tony Lowe's direct contribution to accounting knowledge through an analysis of a range of significant sole authored and joint authored publications, the paper gives rather more attention to his more indirect enabling contribution. In this regard it traces the development of initially the Management Control Association and subsequently the “Sheffield School” to Tony Lowe, clarifying the values that underlie these groups. It also clarifies how some of the key elements that have allowed the now global Interdisciplinary and Critical Perspectives on Accounting (ICPA) Project to exist and flourish are traceable to Tony Lowe and the “Sheffield School” he created. Research limitations/implications – This paper provides an important historical analysis of the direct and indirect influence of a unique scholar on the beginnings and development of particularly the now global ICPA Project. This history is personal and maybe selective and possibly limited because of this but hopefully will encourage others to investigate the claims further. Originality/value – The history of the ICPA Project has only partially been told before. This is another part of this history that has not been analysed before on which further work can build.

scholarly journals Analysis Of Differences Between Financial Management In Family And Non-Family SMEs Of The Yucatec Textile Industry

2014 ◽  
Vol 13 (6) ◽  
pp. 1447
Author(s):  
Martha Isabel Bojorquez Zapata ◽  
Antonio Emmanuel Perez Brito ◽  
Jorge Humberto Basulto Triay
Keyword(s):  
Financial Management ◽  
Textile Industry ◽  
Small And Medium Enterprises ◽  
Management Control ◽  
Sales Growth ◽  
Family Enterprises ◽  
Family Smes ◽  
And Performance ◽  
Business Competitiveness ◽  
Medium Enterprises

This papers objective is to analyze the main differences between financial management in family and non-family small and medium enterprises (SMEs) in the textile industry. It considers variables such as sales growth and implementation of management control systems (MCS) as strategic and sustainable factors of business competitiveness. In this regard, the paper uses agency theory (Fama, 1980), which identifies that family enterprises have fewer agency costs because ownership and management are held by family members, and contingency theory, which is based on the study of MCS and their related performance (Otley, 1980; Tiessen and Waterhouse, 1983; Chenhall, 2003). The results show that family SMEs have lower sales growth than non-family SMEs and that there is no direct relationship between the implementation of MCS and performance.

Sign in / Sign up

Export Citation Format

Share Document