Professional Securities Analysts Meet Professors Of Financial Analysis: A Pilot Study Of Financial Statement Assessment Differences

This multivariate behavioral research investigates whether the financial assessments made by professors of financial analysis differ from those made by private sector financial analysts.  Professors of financial analysis and professional private sector securities analysts were put into separate groups for the study.  Members of the two groups were asked by way of a mailed survey to analyze multi-year comparative financial statements of a business enterprise using variables related to liquidity, long term debt, cash flow, dividend prospects, profitability, and overall financial condition.  The study found a significant statistical difference in assessment results of the analysts and the professors. These results indicate that general purpose financial statements convey different information to the two user groups.  The paper describes the data collection process, statistical analysis, and results of the research as well as limitations and a call for additional research.

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FRAUD TRIANGLE ANALYSES IN DETECTING FRAUDULENT FINANCIAL STATEMENT USING FRAUD SCORE MODEL

Journal of Business Economics ◽

10.35760/eb.2020.v25i1.2240 ◽

2020 ◽

Vol 25 (1) ◽

pp. 29-44

Author(s):

Mariati ◽

Emmy Indrayani

Keyword(s):

Financial Stability ◽

Linear Regression Analysis ◽

Financial Statements ◽

Multiple Linear Regression Analysis ◽

External Pressure ◽

Financial Statement ◽

Fraud Triangle ◽

Financial Statement Fraud ◽

Financial Condition ◽

Score Model

Company’s financial condition reflected in the financial statements. However, there are many loopholes in the financial statements which can become a chance for the management and certain parties to commit fraud on the financial statements. This study aims to detect financial statement fraud as measured using fraud score model that occurred in issuers entered into the LQ-45 index in 2014-2016 with the use of six independent variables are financial stability, external pressure, financial target, nature of industry, ineffective monitoring and rationalization. This study using 27 emiten of LQ-45 index during 2014-2016. However, there are some data outlier that shall be removed, thus sample results obtained 66 data from 25 companies. Multiple linear regression analysis were used in this study. The results showed that the financial stability variables (SATA), nature of industry (RECEIVBLE), ineffective monitoring (IND) and rationalization (ITRENDLB) proved to be influential or have the capability to detect financial statement fraud. While the external pressure variables (DER) and financial target (ROA) are not able to detect the existence of financial statement fraud. Simultaneously all variables in this study were able to detect significantly financial statement fraud.

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Analysis of Financial Statement of NRC Agro with Special Reference to Goods and Service Tax

International Journal of Scientific Research in Science and Technology ◽

10.32628/ijsrst196110 ◽

2019 ◽

pp. 45-65

Author(s):

Nalla Bala Kalyan ◽

Toopalli Sirisha

Keyword(s):

Service Provider ◽

Central Government ◽

Financial Analysis ◽

Financial Statements ◽

Financial Statement ◽

Accounting Data ◽

Goods And Services ◽

The Past ◽

Provision Of Services ◽

The Impact

The analysis of financial statements is an important aid to financial analysis. They provide information on how the firm has performed in the past and what is its current financial position. Financial analysis is the process of identifying the financial strengths and weakness of the firm from the available accounting data and financial statements. The analysis is done by establishing relationship between the different items of financial statements. The target of this paper is to examine the major features of GST. GST also known as the Goods and Services Tax is defined as the giant indirect tax structure premeditated to maintain and enhances the economic enlargement of a country. Service tax was a tax levied by Central Government of India on services provided or agreed to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules, 2012 and collected as per Point of Taxation Rules, 2011 from the person liable to pay service tax. Person liable to pay service tax is governed by Service Tax Rules, 1994 he may be service provider or service receiver or any other person made so liable. It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to government of India. This paper has also focused on the impact of GST (Goods and Services Tax) will be on Indian Tax Scenario.

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Pelatihan Pembuatan Laporan Keuangan Bagi UMKM Sebagai Informasi Untuk Pengambilan Keputusan

Jurnal Pemberdayaan Masyarakat Madani (JPMM) ◽

10.21009/jpmm.002.1.05 ◽

2018 ◽

Vol 2 (1) ◽

pp. 63-82

Author(s):

Sila Ninin Wisnantiasri ◽

Irma Paramita Sofia ◽

Fitriyah Nurhidayah ◽

Karsam Sunaryo

Keyword(s):

Financial Reporting ◽

Business Performance ◽

Financial Analysis ◽

Financial Statements ◽

Financial Statement ◽

Educational Game ◽

Financial Report ◽

Study Approach ◽

Income Statement ◽

The Impact

The purpose of this dedication for Pisangan Village Community through financial statement training for small business in collaboration with partners of Citra Kencana Community is to improve the understanding of partners in making financial report especially income statement. The problem facing partners is not mastering how to create a correct financial statement. The financial statements can be used by partners as a benchmark of business performance and business financial analysis tools. Therefore, the methods used in this activity are: (1) convey material about basic concepts of accounting, (2) convey material about components of income statement, (3) provide business simulation and recording financial statements through educational game business accounting (4) the practice of preparing the business income statement and analysis by the entrepreneur, (5) advising / consulting the profit-loss statement. Besides, regression test is done through event study approach to know the impact of training for knowledge of financial report objectives and understanding of financial reporting from the community after getting the training. The result of this activity is increasing both knowledge and understanding of society in making financial report. This is shown by the direction of a positive and significant relationship between training with community knowledge and understanding. Keywords: Financial statement, Small entrepreneurship, Business analysis

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Analisis Ratio Keuangan terhadap Perubahan Kinerja pada Perusahaan di Industri Food and Baverages yang Terdaftar pada BEJ

Jurnal Riset Akuntansi dan Keuangan ◽

10.21460/jrak.2005.12.116 ◽

2005 ◽

Vol 1 (2) ◽

pp. 104

Author(s):

DIAN MERIEWATY ◽

ASTUTI YULI SEIYANI

Keyword(s):

Stock Exchange ◽

Financial Statements ◽

Financial Statement ◽

Financial Ratios ◽

Future Earnings ◽

Financial Condition ◽

Total Capital ◽

Future Earning ◽

The Future ◽

And Performance

Financial statements users need financial informotion of companies to analyze their financial condition and performance. Finacial rotios are useful rneasares for explaning the future earning changes. The study focuses on the usefulness of ftnancial ratios in explaning future eamings.The objective of the study is to empirically examine whether financial statement based tinancial ratios hove ability for explaning future earnings. Data in this study were in food and beverages firms listed on the Jaknrta Stock Exchange. Regression analysis were used in testing the ability financial ratios for explaning changes. The multicollinearity test shows that there is no assosiation between independent variables, indicating multieollinearity is not a seriaus problem. The heteroscedasticity test shows that voriances of disturbances are constant for all observation in independentt variables. Therefore heteroscedasticity is not a problem. The empiricolly result showed that, financial ratios in/luences the futureearnings changes for earning after tax are total debt to total capital assets, total assets turnover, and return on investment. Among those sevent financial ratios that are significant influences the future earnings changes for operating prortt is current ratio.Keywords : Financial Ratios, Performance changes of firms, significantlyinfluence.

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FINANCIAL STATEMENTS AS AN INFORMATION SOURCE FOR THE FINANCIAL CONDITION ANALYSIS AT THE ENTERPRISE

Scientific Notes of Ostroh Academy National University Series Economics ◽

10.25264/2311-5149-2020-18(46)-57-61 ◽

2020 ◽

Vol 1 (18(46)) ◽

pp. 57-61

Author(s):

Nataliia Ivanchuk

Keyword(s):

Information Needs ◽

Direct Method ◽

Information Source ◽

Financial Statements ◽

Financial Statement ◽

Financial Resources ◽

Financial Condition ◽

Income Statement ◽

Wide Range ◽

Detailed Interpretation

Financial statements contain a wide range of indicators that are required for the correct assessment of the financial resources, directions of investment and efficiency of financial resources usage at the enterprise. This enables to ensure the adoption of the necessary management decisions, to raise funds to finance the activities of the entity from potential investors. In the research, the author has considered the essence, the purpose of drawing up and interested users of the financial statements, its shortcomings in the analysis of a financial condition. The article has proved that the financial statements of the company need improvement to ensure fuller satisfaction of the information needs of interested users, as the existing system of indicators of this report does not fully solve all the problems of financial condition analysis of the company. The author has suggested the following ways to improve the structure of financial statements of the enterprise: 1) in the Income Statement: – adding lines that will show fixed and variable costs of the enterprise; – showing in a separate line the financial costs related to the accrual of interest for the use of borrowed funds; 2) in the Cash Flow Statement (created by the direct method): – adding an additional section, which reflects the monthly receipt and expenditure of cash (during the reporting and previous period); 3) in the Financial Statement Notes: – providing a detailed interpretation of the articles from the previous forms so that users do not have questions about the content of articles that contain the word «others»; – providing the necessary information about the renewal of fixed assets; the usage of equipment; rationing of current assets; changes in overdue receivables; structure of receivables and payables in terms of such types as debts under the terms of contracts and overdue debts; – publishing the index of prices for products of the enterprise and the index of change in the cost of production compared to the previous year; buyers and suppliers the company interacts with; prices and profitability of securities owned by the company; investments in inventory incurred during the year; 4) approving a single form of the Financial Statement Notes that will ensure uniformity of information presentation by all domestic enterprises.

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An Analysis Of Factors Impacting The Value-Relevance Of SFAS No. 107 Fair Value Disclosures

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v1i4.2995 ◽

2011 ◽

Vol 1 (4) ◽

Author(s):

Daniel R. Brickner

Keyword(s):

Value Relevance ◽

Fair Value ◽

Relative Magnitude ◽

Financial Statement ◽

Font Size ◽

Historical Cost ◽

Financial Condition ◽

The Difference

This study examines the impact of hypothesized factors on the value-relevance of SFAS No. 107 fair value disclosures.  These factors include firm size, the relative magnitude of the difference between the fair value and the historical cost measurements for each financial instrument, firm financial condition, and the quality of a firm’s financial statement audit.  A pooled valuation model is employed on the sample of 867 firm years for banks and bank holding companies during the period of 1996 and 1997.   The results indicate that the SFAS No. 107 fair value disclosures for investment securities, net loans, and long-term debt are value-relevant in explaining the market value of common equity for the sample banks.  With respect to the hypothesized factors, firm size was found to have a statistically significant impact on the value-relevance of the disclosures for net loans and long-term debt.  Additionally, the relative magnitude of the difference between the fair value and historical cost had a statistically significant effect on the value-relevance of the disclosure for investment securities and long-term debt.  Finally, firm financial condition and the quality of a firm’s audit were found to have a statistically significant impact on the fair value disclosure for net loans.  The results of this study are descriptive of the behavior of financial statement users with respect to these fair value disclosures.  The implications of this study’s findings are useful for both accounting standard-setters and preparers of financial statements.  Taken together, these findings suggest that the market does not respond to the SFAS No. 107 fair value disclosures at their face value alone or without considering their context.  Specifically, it appears to look to other factors that may impact the relevance and/or reliability of these disclosures.

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Barcode Location in Financial Statement System Based on the Partial Differential Equation Image Recognition Algorithm

Advances in Mathematical Physics ◽

10.1155/2021/9177159 ◽

2021 ◽

Vol 2021 ◽

pp. 1-8

Author(s):

Jinghua Ning ◽

Song Yu

Keyword(s):

Differential Equation ◽

Partial Differential Equation ◽

Information Sharing ◽

Image Recognition ◽

Resource Sharing ◽

Financial Analysis ◽

Financial Statements ◽

Recognition Algorithm ◽

Financial Statement ◽

Partial Differential

Financial statements are the basis of financial analysis. Most of them are still using traditional financial statement software, and financial data cannot achieve better information sharing. Using a barcode to improve the efficiency of data sharing is undoubtedly the most convenient and fast way to realize financial statement information sharing. This paper studies the problem of the barcode image location and recognition in the financial statement system and tries to apply the partial differential equation image recognition algorithm to the barcode location in the financial statement system. In this paper, image technology is used to preprocess the code 39 barcode label image in the captured image, including color space conversion, image enhancement, threshold segmentation, binarization, and edge detection. The barcode position location is realized by using the method based on integral projection peak analysis and Hough transform line detection. It is proved that the positioning function of the barcode makes the data in financial statements realize resource sharing. Then, the performance of the completed barcode positioning and recognition algorithm is tested. The reliability and effectiveness of the algorithm are verified on the manually made test set.

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ELEMENTS OF ACCOUNTING POLICY SELECTION AND ITS INFLUENCE ON FINANCIAL STATEMENTS INDICATORS

Vestnik Universiteta ◽

10.26425/1816-4277-2019-1-158-162 ◽

2019 ◽

pp. 158-162

Author(s):

O. Ageeva ◽

D. Formusatii

Keyword(s):

Financial Analysis ◽

Financial Statements ◽

Financial Statement ◽

Sources Of Information ◽

Management Decisions ◽

Financial Analyst ◽

Valuation Methods ◽

Policy Selection ◽

The Impact ◽

Accounting Policy

In this article, the authors consider reasons for development of variety of accounting policies and examine influencing of selected accounting policy elements on valuation of financial statements indicators. Obviously financial statements indicators are definitely one of the most important sources of information for financial analysis and management decisions. Financial analyst should be aware, which valuation methods have been presented in this financial statement, and how they influence on formulated by him analytical conclusions. The approach presented in the article to the assessment of the impact of accounting policies on the financial statements’ indicators and the conclusions formulated by the authors as a result of the research allows to get answers to these issues.

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Financial Statement Analysis of Nanjing Yinfei company based on Harvard Analytical Framework

International Journal Of Scientific Advances ◽

10.51542/ijscia.v2i2.1 ◽

2021 ◽

Vol 2 (2) ◽

Author(s):

Xin Li ◽

Zhenggan Cai ◽

Xiaoyan Wu ◽

Long Chen

Keyword(s):

Financial Analysis ◽

Financial Statements ◽

Analytical Framework ◽

Operating Conditions ◽

Growth Potential ◽

Financial Statement ◽

Publicly Traded ◽

Financial Status ◽

Target Company ◽

Future Growth

The Harvard Analytical Framework is a financial analysis framework jointly proposed by three Harvard economists. Analysis of financial statements based on the Harvard framework not only helps to identify problems in the business process, but also to predict future growth potential. In this paper, the publicly traded company Nanjing Sonic was selected as the target company for the study. The Harvard Analytical Framework was adopted as an analytical tool to analyze the operating conditions and financial status of the target company for the years 2015-2019. A comparison with similar companies reveals the problems that exist. Finally, we forecast the future development prospects of the company.

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Modern approaches of detecting financial statement fraud

SHS Web of Conferences ◽

10.1051/shsconf/20208001024 ◽

2020 ◽

Vol 80 ◽

pp. 01024

Author(s):

Liudmila Tkachenko ◽

Erisov Andrey ◽

Galina Pozdeeva ◽

Vera Romanyuk

Keyword(s):

Composite Index ◽

Financial Statements ◽

Financial Statement ◽

Financial Statement Fraud ◽

Study Methods ◽

Financial Condition ◽

Modern Methods ◽

Quick Assessment

The paper considers the modern methods for detecting financial statement errors and fraud with respect to their application to Russian corporate companies. The study methods evaluating the financial statements of companies allow getting a comprehensive and quick assessment of the financial condition of the company based on open sources. An assessment of the financial statements of enterprises according to the Roxas model showed that the composite index of the model is applicable to Russian companies.

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