scholarly journals The Emerging Authority Of Statements On Management Accounting

2011 ◽  
Vol 7 (1) ◽  
pp. 87 ◽  
Author(s):  
Jonathan B. Schiff ◽  
Charles J. Penino
Keyword(s):  
Management Accounting ◽  
Business Community ◽  
Consensus Guidelines ◽  
Accounting Profession ◽  
Accounting Firms ◽  
Reporting Practice ◽  
Definition Of ◽  
Direct Materials ◽  
Specific Definition

Armco Inc. v. Comr. demonstrated that the accounting profession needs a source of authoritative guidance in management accounting. Statements on Management Accounting (SMA) offer consensus guidelines and definitions established and approved by a diverse group of accounting professionals and other members of the business community. SMAs provide a source of guidance that can outweigh other accounting literature that generally represents just one or two authors, or even an accounting firms, opinion. It is imperative for the accounting profession to continue to develop detailed guidance for accounting and reporting practice. If we dont, the judicial system may fill this gap. This article has summarized a recent tax case involving a very specific definition of direct materials. The future role of the SMA series in similar circumstances is bright, give the need for guidance and the growing awareness of this important professional promulgated.

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.

scholarly journals What Are Companies For?

2022 ◽  
pp. 51-68
Author(s):  
Pablo Cardona ◽  
Carlos Rey
Keyword(s):  
Board Of Directors ◽  
Fundamental Question ◽  
Three Dimensions ◽  
The Board Of Directors ◽  
Definition Of ◽  
Clear Idea ◽  
The Relationship ◽  
A Company ◽  
Specific Definition

AbstractManagement by missions (MBM) starts by asking a fundamental question: What is your company for? It seems reasonable to assume that an organization and its members should have a clear idea of why they exist. In practice, however, that is not always the case. Very often, there is great confusion and conflict of opinion on this point, even within the board of directors or executive committee. In this chapter, we explore this fundamental question first by discussing the role of profit in business (as a mean or an end). Then we propose a specific definition of purpose as the synthesis of the ends of a company. We then introduce the three dimensions of an effective purpose: Authenticity, Coherence and Integrity. Finally, we discuss the relationship between personal and corporate purpose.

scholarly journals Does external assurance on CSR reporting contribute to its higher quality? Empirical evidence from China

2021 ◽  
Vol 18 (4) ◽  
pp. 309-325
Author(s):  
Oleh Pasko ◽  
Li Zhang ◽  
Kostiantyn Bezverkhyi ◽  
Dmytro Nikytenko ◽  
Lyudmyla Khromushyna
Keyword(s):  
Positive Impact ◽  
Reporting Quality ◽  
Business Community ◽  
Ownership Concentration ◽  
Institutional Setting ◽  
Csr Reporting ◽  
Reporting Practice ◽  
The Difference

This paper examines the difference that the assurance brings to the quality of CSR reports in the Chinese institutional setting, in particular, the difference in quality (proxy – RKS ranking) of assured and unassured CSR reports, as well as whether the high ownership concentration and corresponding to it “entrenchment effect” obstruct the positive impact the assurance exerts on the quality of CSR reports. The paper examines CSR reports on 2,292 firm-year observations of large Chinese companies over three years (2015–2018). The hypothesis development process predicates on the signaling and stakeholder theories, whilst this study applies regression analysis to test the hypotheses. Consistent with the predictions of signaling and stakeholder theories, the paper finds that assurance contributes to the higher quality of CSR reports. Moreover, the study finds that assured CSR reports have higher sub-scores in all four aspects of RKS ranking. However, as ownership concentration exceeds 50 per cent and reaches the majority, it thwarts the advancement in the quality of CSR reports through its assurance. The paper provides an initial empirical account of the role of assurance in the emerging CSR reporting practice in China. The paper contributes to the modest body of empirical research on the function of external assurance in the CSR area by explicating the role played both by the accounting (external assurance) and corporate governance (ownership concentration) infrastructure to ensure high quality of CSR reporting. The paper briefs local, international regulatory authorities and the business community about the importance of external assurance for the CSR reporting quality.

scholarly journals Energy and Entropy in Turbulence Decompositions

Entropy ◽  
2019 ◽  
Vol 21 (2) ◽  
pp. 124
Author(s):  
Václav Uruba
Keyword(s):  
Decomposition Methods ◽  
Orthogonal Decomposition ◽  
Efficiency Evaluation ◽  
Reduced Order ◽  
Energy Concept ◽  
Velocity Flow ◽  
Definition Of ◽  
Proper Orthogonal ◽  
Specific Definition

The role of energy and entropy in the decomposition of turbulent velocity flow-fields is shown in this paper. Decomposition methods based on the energy concept are taken into account—proper orthogonal decomposition (POD) and its extension bi-orthogonal decomposition (BOD). The methods are well known; however, various versions are used and the interpretation of results is not straightforward. To make this clearer, the specific definition of modes is suggested and specified; moreover, energy- and entropy-motivated views on the decomposed modes are presented. This concept could offer new possibilities in the physical interpretation of modes and in reduced-order modeling (ROM) strategy efficiency evaluation.

THE DEVELOPMENT OF “THE BIG EIGHT” ACCOUNTING FIRMS IN THE UNITED STATES, 1900 TO 1990

1992 ◽  
Vol 19 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Charles W. Wootton ◽  
Carel M. Wolk
Keyword(s):  
United States ◽  
The United States ◽  
Accounting Profession ◽  
Accounting Firms ◽  
Social Events ◽  
Political Economic ◽  
Changing Role ◽  
Big Eight

This paper examines the growth and changing role of the accounting profession in the United States from 1900 to 1990 with special emphasis on “Big Eight” accounting firms. Major political, economic, and social events of the period and their influence on the accounting profession are analyzed. Each decade is examined in turn, and the historical consequences of the decade on “Big Eight” accounting firms in total and individually are presented.

scholarly journals Financial Statements Are About To Get A New Look

2010 ◽  
Vol 8 (12) ◽  
Author(s):  
Clemense Ehoff Jr.
Keyword(s):  
Financial Statements ◽  
Business Community ◽  
Accounting Profession ◽  
Accounting Firms ◽  
Professional Societies ◽  
Comment Letters ◽  
New Look

In October 2008, The FASB and the IASB issued a discussion letter for comment proposing a complete redesign of financial statements.  This was the result of a project that began for both boards in 2001.  More than 200 comment letters were received from individuals, accounting firms, professional societies, corporations, and others from the business community.  The FASB and IASB have analyzed the input, and are currently preparing an exposure draft scheduled for release in early 2011.  This paper reviews the proposed changes to the financial statements, summarizes the favorable and unfavorable responses contained in the comment letters, and examines the implications that the changes will have on the business community, the accounting profession, educators, and investors.

Prosumers in times of crisis: definition, archetypes and implications

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bodo Lang ◽  
Rebecca Dolan ◽  
Joya Kemper ◽  
Gavin Northey
Keyword(s):  
Design Methodology ◽  
Literature Search ◽  
Web Of Science ◽  
Content Type ◽  
Societal Benefits ◽  
The Face ◽  
Definition Of ◽  
Practical Implications ◽  
Specific Definition

PurposeThis paper defines prosumers in light of the COVID-19 crisis and other contexts. It addresses how prosumers helped overcome challenges caused by COVID-19 and is the first paper to develop a taxonomy of prosumers, their differentiating characteristics and the degree to which they are useful in overcoming the challenges of COVID-19.Design/methodology/approachWe conducted a literature search of the prosumer literature using the Web of Science and Scopus databases.FindingsThis study solves a definitional dilemma of prosumers and develops six prosumer archetypes displaying the nuances of prosumers. The study shows that the six prosumer archetypes vary in their usefulness in addressing challenges caused by COVID-19. The findings demonstrate the micro (individual), meso (organizational) and macro (societal) benefits offered by prosumers in times of crises.Research limitations/implicationsThis study has some clear implications for the prosumer literature, the services literature and the crisis literature by clarifying the role of prosumers in times of crisis.Practical implicationsThis paper offers several implications at the micro (individual), meso (organizational), and macro (societal) levels that are offered by prosumers in times of crises. The benefits of prosumers afford individuals, service practitioners and other organizations ways to remain resilient and strong in the face of significant crises such as COVID-19.Originality/valueThis paper makes three specific contributions. First, it contributes to the service literature by highlighting the role and value of prosumers in crises, an area currently under-researched. Secondly, it developed six prosumer archetypes displaying the nuances of prosumers, contributing to the prosumer literature by sharpening the focus of this versatile phenomenon and demonstrating the differential value of each type of prosumer in times of crises. Lastly, the study advances the prosumer literature by resolving the definitional dilemma of prosumers and by providing a broad, yet specific definition of prosumers that captures the different perspectives evident in the prosumer literature.

Audit committee and integrated reporting practice: does internal assurance matter?

2016 ◽  
Vol 31 (8/9) ◽  
pp. 915-948 ◽  
Author(s):  
Abdifatah Ahmed Haji ◽  
Mutalib Anifowose
Keyword(s):  
Audit Committee ◽  
Positive Impact ◽  
Business Community ◽  
Integrated Reporting ◽  
Content Type ◽  
Reporting Practices ◽  
Reporting Practice ◽  
Political Theories ◽  
Overall Effectiveness

Purpose This paper aims to examine the role of the audit committee function as an internal assurance provider in the emerging integrated reporting (IR) practice. In particular, the authors examine the role of the overall effectiveness, as well as specific aspects, of the audit committee function in IR practice. Design/methodology/approach The authors examine the integrated reports of 246 firm-year observations of large South African companies over a three-year period (2011-2013), following the introduction of an “apply or explain” IR requirement and an embedded “combined assurance” model in South Africa. Drawing from conflicting theoretical perspectives of economics-based (e.g. agency theory) and socio-political theories (e.g. legitimacy theory), the authors develop competing hypotheses to predict the role of the overall, as well as specific aspects, of the audit committee function in IR practice. Findings Consistent with the predictions of economics-related theories, the authors find that the overall effectiveness of the audit committee function has a strong positive association with the extent and quality of IR practice. In particular, audit committee authority and meetings are shown to have a significant positive impact on IR practice. However, as implied by socio-political theories, the authors do not find a significant association between key aspects of the audit committee function such as audit committee independence and financial expertise and IR practice. Practical implications This study informs local and international regulatory authorities, as well as the business community, about the potential significance of internal assurance mechanisms such as the audit committee function in the emerging IR practice. Given the practical challenges associated with independent external assurance provisions, the findings of this study suggest that internal assurance mechanisms – such as the audit committee function – can be genuine and cost-effective alternative assurance mechanisms in enhancing the credibility and reliability of non-financial reporting practices, particularly the emerging IR practice. The results also inform academic researchers to take cognisance from the expanding roles and responsibilities of audit committees and conduct in-depth investigation on “how” the audit committee function is handling the increasing responsibilities. Originality/value The study provides initial empirical account towards the role of the audit committee function in the emerging IR practice. The study is novel because it shows the significance of internal assurance mechanisms in wider organisational reporting practice.

Challenges of Fear Conditioning Research in the Age of RDoC

2017 ◽  
Vol 225 (3) ◽  
pp. 189-199 ◽  
Author(s):  
Tina B. Lonsdorf ◽  
Jan Richter
Keyword(s):  
Fear Conditioning ◽  
Clinical Diagnosis ◽  
Research Domain Criteria ◽  
Major Focus ◽  
The Future ◽  
Definition Of ◽  
Methodological Considerations ◽  
Research Domain

Abstract. As the criticism of the definition of the phenotype (i.e., clinical diagnosis) represents the major focus of the Research Domain Criteria (RDoC) initiative, it is somewhat surprising that discussions have not yet focused more on specific conceptual and procedural considerations of the suggested RDoC constructs, sub-constructs, and associated paradigms. We argue that we need more precise thinking as well as a conceptual and methodological discussion of RDoC domains and constructs, their interrelationships as well as their experimental operationalization and nomenclature. The present work is intended to start such a debate using fear conditioning as an example. Thereby, we aim to provide thought-provoking impulses on the role of fear conditioning in the age of RDoC as well as conceptual and methodological considerations and suggestions to guide RDoC-based fear conditioning research in the future.

Sign in / Sign up

Export Citation Format

Share Document