The Relevance of Accounting Theory on Business Financial Performance in Nigeria

The study was on the relevance of accounting theory on business financial performance in Nigeria. The objective of the study was to examine how accounting theory affects financial performance of business in Nigeria. The research was carried out, using three quoted companies (Berger Paint, Lafarge Cement and Meyer Plc) as the study area. Secondary data was gotten from the companys’ audited annual reports on return on asset with multiple regression analysis. Findings revealed that accounting theory have no significant relationship with the financial performance of business organizations in Nigeria. Thus, it is recommended that the Management of quoted companies must introduce new accounting theories to improve their financial reporting quality and performance; so that the level of their profit can significantly increase.

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Internet Financial Reporting: Studi Komparasi Bank Umum Syariah Di Indonesia Dan Malaysia

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol3iss201611pp886-899 ◽

2017 ◽

Vol 3 (11) ◽

pp. 886

Author(s):

Taqiyah Dinda Insani ◽

Noven Suprayogi

Keyword(s):

Financial Reporting ◽

Secondary Data ◽

Reporting Quality ◽

T Test ◽

Quantitative Approach ◽

Financial Reporting Quality ◽

Islamic Banks ◽

The Difference

The purpose of this study was to determine the differences of Internet Financial Reporting Quality. This study was using quantitative approach with independent sample t test and mann whitney u test. The population of this study was official website of islamic banks in Indonesia and Malaysia. determination of the number of samples using (sampling jenuh), where all of the population is used as a sampel. Data that being used was secondary data. The data was collected from official website of the sentral banks in each country. The result of this study showed that there was significant differences of Internet Fianncial Reporting Quality between Indonesia and Malaysia. The difference is caused there are significant differences between the quality of content and timeliness components. Meanwhile, there is no differences between technology and user support components.

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Firm Structural Characteristics and Financial Reporting Quality of Listed Deposit Money Banks in Nigeria

International Business Research ◽

10.5539/ibr.v9n1p106 ◽

2015 ◽

Vol 9 (1) ◽

pp. 106 ◽

Cited By ~ 1

Author(s):

Olumide A. Olowokure ◽

Muhammad Tanko ◽

Terzungwe Nyor

Keyword(s):

Financial Reporting ◽

Structural Characteristics ◽

Emerging Market ◽

Secondary Data ◽

Reporting Quality ◽

Financial Reporting Quality ◽

Loan Loss ◽

Loan Loss Provisions ◽

The Impact

<p>The quality of financial report is very crucial as published financial reports remains, for the most part, the only means by which outside shareholders and investors keep themselves informed about the performance of the firm. In the present economic scenario, this concern for financial reporting quality becomes more acute as emerging market economies and more importantly mono economies like Nigeria face greater uncertainties as they combat the challenges of unprecedented fall in oil prices. In addition to this, the suspension of the CEO, Chairman and two other directors of Stambic IBTC bank by the Financial Reporting Council of Nigeria for filling a misleading financial statement for 2013 and 2014 has also shown that the issue of financial reporting quality cannot be overemphasized. Using secondary data from the published reports of thirteen listed deposit money banks in Nigeria for over a period of ten years between 2005 and 2014, this paper seeks to find the determinants of financial reporting quality and reports the findings of the impact of structural characteristics like age, size and level of leverage on financial reporting quality. Using prio studies as a guide, we developed a model for loan loss provisions and generated the residuals, using these residuals know as abnormal loan loss provisions as the dependent variable for the multiple regression analysis, the study did not find any evidence of significant relationship between firm age, size, leverage and financial reporting quality.</p>

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The Impact of Financial Reporting Quality on Firm’s Financial Performance: Evidence from Egypt

International Journal of Academic Research in Accounting Finance and Management Sciences ◽

10.6007/ijarafms/v11-i1/7510 ◽

2021 ◽

Vol 11 (1) ◽

Author(s):

Hala Abd-Elnaby ◽

Kholoud Abd-Elkareem ◽

Hadeer Adel

Keyword(s):

Financial Performance ◽

Financial Reporting ◽

Reporting Quality ◽

Financial Reporting Quality ◽

The Impact

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Determinan Akuntabilitas Laporan Keuangan: Tinjauan Pada Kinerja dan Politik di Pemerintahan Daerah di Indonesia

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i03.p20 ◽

2020 ◽

Vol 30 (3) ◽

pp. 800

Author(s):

Suryo Pratolo ◽

Febriana Diah Irmawati

Keyword(s):

Local Government ◽

Financial Performance ◽

Financial Reporting ◽

Fiscal Decentralization ◽

Local Governance ◽

Secondary Data ◽

Regional Government ◽

Government Accountability ◽

And Performance ◽

Dynastic Politics

This study is reviewed and tested empirically the influence of financial performance, dynastic politics, and performance of local government on accountability of regional financial reporting. This study uses the documentation method with secondary data taken from sources of the Indonesian Supreme Audit Board (BPK RI) and the Ministry of Home Affairs. The analytical test tool used in this study is multiple linear regression. It was found that the fiscal decentralization did not significantly affect the accountability of regional financial reporting but it was found that processing results showed a dependency ratio that had a negative and significant effect on the accountability of financial reporting produced by the local government. In the aspect of political dynasties, this variable was found to have no significant effect on the accountability of regional government financial reporting. The results also showed a significant positive effect of local government performance on the accountability of local government financial reporting. Keywords: Financial Performance; Political Dynasty; Performane of Local Government; Accountability of Financial Reporting in Local Governance.

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Influence of internal audit reporting line and implementing internal audit recommendations on financial reporting quality

Meditari Accountancy Research ◽

10.1108/medar-12-2018-0409 ◽

2019 ◽

Vol 28 (1) ◽

pp. 26-50 ◽

Cited By ~ 1

Author(s):

Abdulaziz Alzeban

Keyword(s):

Financial Reporting ◽

Audit Committee ◽

Negative Impact ◽

Empirical Work ◽

Internal Audit ◽

Reporting Quality ◽

Positive Influence ◽

Financial Reporting Quality ◽

Annual Reports ◽

Content Type

Purpose This study aims to explore the influence of internal audit (IA) reporting lines and the implementation of IA recommendations (IMPLEMENT) on financial reporting quality (FRQ). Design/methodology/approach Data were obtained from the annual reports of 201 UK listed companies, and also from survey questionnaires completed by the chief audit executives working within those companies. Two measures are used as proxies of FRQ: abnormal accruals and accrual quality. Findings Findings indicate that when IA reports directly to the audit committee (AC), there is a significant positive influence upon FRQ. Conversely, when IA reports to the chief executive officer (CEO) or chief financial officer (CFO), there is a negative impact on FRQ. It is further shown by the results that lower income-increasing accruals are evident when there is greater IMPLEMENT, thereby showing an accompanying positive influence on FRQ. Moreover, the results indicate that greater adoption of such recommendations is also associated with internal reporting lines, i.e. when IA reports directly to the AC, FRQ results improved. Originality/value These findings contribute to the literature in the field of IA reporting, by introducing new insights regarding reporting lines and IMPLEMENT, and the influence of these on FRQ, and by establishing those insights through empirical work undertaken in the UK where little research on this issue has been reported.

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Financial reporting quality and share price movement-evidence from listed companies in Bangladesh

Journal of Financial Reporting and Accounting ◽

10.1108/jfra-01-2019-0019 ◽

2020 ◽

Vol 18 (3) ◽

pp. 425-458

Author(s):

Md. Mamunur Rashid

Keyword(s):

Financial Reporting ◽

Stock Exchange ◽

Reporting Quality ◽

Share Price ◽

Financial Reporting Quality ◽

Annual Reports ◽

Developing Economy ◽

Price Movement ◽

Content Type ◽

Qualitative Characteristics

Purpose The purpose of this study is to examine the effect of financial reporting quality (FRQ) on share price movement (SPM) of listed companies in an emerging and developing economy – Bangladesh. Design/methodology/approach The study analyzed 296 annual reports for the year 2015 and 2016 in examining the effect of FRQ on SPM. Ordinary least squares (OLS) regression model is used to examine the hypothesized relationship among the variables. A modified version of Lang et al. (2003) has been adopted in measuring the SPM. FRQ is measured using the qualitative characteristics approach as defined by the International Financial Reporting Standard Framework and used by Beest et al. (2009) and Braam and Beest (2013). Findings The study finds a positive association (though not significant statistically) between the FRQ and SPM in the country’s leading stock exchange (Dhaka stock exchange). Furthermore, the effect of enhancing quality on SPM is found to be stronger as compared to fundamental quality. Majority of the FRQ constructs demonstrate an improvement in the quality score in the year 2016 as compared to 2015 except for relevance. Research limitations/implications The key limitation of the study is that it focuses only on two years (2015 and 2016) annual reports data in measuring FRQ and its effect on SPM. Originality/value The study uses qualitative characteristics approach in measuring the FRQ and to examine its effect on SPM using the context of an emerging and developing economy – the case of Bangladesh.

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THE INITIAL IMPLEMENTATION OF ACCRUAL BASED ACCOUNTING, THE EFFECT ON PERFORMANCE AND FINANCIAL REPORTING QUALITY AT LOCAL GOVERNMENTS IN INDONESIA

Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan dan Akuntansi ◽

10.35313/ekspansi.v11i1.1326 ◽

2019 ◽

Vol 11 (1) ◽

pp. 13

Author(s):

Rindu Rika Gamayuni

Keyword(s):

Financial Performance ◽

Financial Reporting ◽

Local Governments ◽

Reporting Quality ◽

Financial Reporting Quality ◽

Fiscal Year ◽

Accounting Standard ◽

Government Accounting ◽

Before And After

Abstract: In Indonesia local government, accrual based Government Accounting Standard (GAS) was started to be mandatorily applied in 2015, so this research aims to investigate to what extent the role of accrual GAS implementation toward quality of financial reporting and financial performance especially at local governments. Population of this study is Local Governments of districts/cities in Indonesia for Fiscal Year 2014 and Fiscal Year 2015, as many as 542 local governments (before and after the implementation of accrual base). Sampling method uses probability sampling which is cluster sampling. In this case, the population is divided based on 34 province clusters, so the number of sample obtained is 242 local governments of districts/cities in Indonesia. The hypothesis testing uses paired t test. The object of research is the financial reporting quality and financial performance. The results of this study provide empirical evidence that there is an increase in the quality of financial reporting after the application of accrual-based accounting at local governments in Indonesia, but have not proven the existence of the increased financial performance. There is no differences in financial performance before and after accrual based accounting implementation at local governments in Indonesia. This hyphothesis was not supported due to the application of accrual basis accounting is still in the early stages of implementation (1 year) that still have constraints in limited human resources competencies, necessary adaptations or adjustments in the process of change. Local governments in Indonesia must apply accrual based accounting because it is proven that it increases financial report quality. However, the system implementation in the beginning period found many obstacles so it needs continuous adjustment and learning in order to reach desirable goal. There is still a debate on how important is the implementation or adoption of accrual IPSAS in many countries, including Indonesia. In Indonesia, the implementation of accrual based Government Accounting Standard (SAP/GAS) is new mandatory since 2015. The result of this research will give contribution to the theory, that there is significant influence of implementation accrual based GAS to financial reporting quality, but no significant increase in financial performance (efficiency and effectiveness) at local government. Therefore, this result study will be used to determine related policies about the implementation of accrual based GAS. Keywords: Accrual Based Accounting, Financial Reporting Quality, Financial Performance, Government

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Determinants of financial reporting quality and its implications on the financial performance of state-owned enterprises (SOEs)

Risk Governance and Control Financial Markets & Institutions ◽

10.22495/rgcv6i4siart11 ◽

2016 ◽

Vol 6 (4) ◽

pp. 521-530

Author(s):

Evada Dewata ◽

Hamdy Hadi ◽

Hadi Jauhari

Keyword(s):

Financial Performance ◽

Board Of Directors ◽

Financial Reporting ◽

Audit Committee ◽

Stock Exchange ◽

Reporting Quality ◽

Financial Reporting Quality ◽

Government Ownership ◽

Board Of Director ◽

The Board Of Directors

This research aimed at analyzing the influence of the size of the board of directors, the composition of the independent commissioners, the effectiveness of audit committee and government ownership of the financial reporting quality and its implications on the financial performance of state-owned enterprises. Research population is state-owned enterprises listed on the Indonesia Stock Exchange from 2010-2014. There were 50 companies assigned as the sample of this research by using purposive sampling method. The results showed that partially, the size of the board of director, the composition of the independent commissioners and government ownership did not have the significant influence on financial reporting quality. The effectiveness of audit committee positively and significantly influenced financial reporting quality. The size of the board of directors, the effectiveness of the audit committee and financial reporting quality positively and significantly influenced financial performance. The composition of an independent commissioner and government ownership negatively and significantly influenced financial performance

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Shari'ah Compliance as a Matter for Financial Performance

Handbook of Research on Theory and Practice of Global Islamic Finance - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-7998-0218-1.ch020 ◽

2020 ◽

pp. 355-371

Author(s):

Md. Harun Ur Rashid ◽

Md Hafij Ullah ◽

Faruk Bhuiyan

Keyword(s):

Regression Analysis ◽

Financial Performance ◽

Secondary Data ◽

Descriptive Statistics ◽

Annual Reports ◽

Primary Data ◽

Islamic Banks ◽

Bank Executives ◽

Structured Questionnaire

Islamic banks must comply with the Shari'ah rulings fully as it is the foundation of Islamic banks. However, the level of Shari'ah compliance is not the same among the Islamic banks. Similarly, despite performing well, the financial performances of Islamic banks differ from each other. Therefore, the chapter explores the association between financial performance and Shari'ah compliance. The chapter used both the primary and secondary data. The primary data was collected through surveying 300 bank executives from six full-fledged Islamic banks operated in Bangladesh with a structured questionnaire on Shari'ah compliance, whereas information on financial performance were extracted from the annual reports of the sample banks. Descriptive statistics and regression analysis were used to analyze the data and conclude the findings. The findings show that Shari'ah compliance has a positive and significant impact on the financial performance with respect to the total liabilities and total assets.

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