Management Accounting on the Regulatory Agenda? The Transnational and Local Arenas of Financial Reporting Change in Britain

2007 ◽  
Author(s):  
Yasmine Chahed
Keyword(s):  
Financial Reporting ◽  
Management Accounting

scholarly journals 2.2. THE FORMATION OF INDICATORS OF NON-FINANCIAL REPORTS ACCORDING TO ACCOUNTING AND MANAGEMENT ACCOUNTING

2020 ◽  
Author(s):  
Т.В. Лесина ◽  
Е.А. Филимонова
Keyword(s):  
Financial Reporting ◽  
Management Accounting ◽  
State Level ◽  
The State ◽  
Financial Reports

Актуальность исследуемых вопросов определена тем, что показатели нефинансовой отчетности приобретают все большее значение для стейкхолдеров. В формировании нефинансовой отчетности в Российской Федерации заинтересованность проявляется и на государственном уровне. Цель статьи заключается в демонстрации возможностей использования показателей бухгалтерского и управленческого учета для формирования отдельных показателей нефинансовой отчетности в разрезе экономической, экологической и социальной категории. Ведущим методом к исследованию данной проблемы является наблюдение, классификация, обобщение, систематизация. В статье представлены примерные показатели нефинансовой отчетности по стандартам GRI и раскрытие их в бухгалтерском учете организации. Материалы статьи могут быть полезными при подготовке информации для формирования нефинансовой отчетности руководителями и работниками экономических служб. The Relevance of the studied issues is determined by the fact that the indicators of non-financial reporting are becoming increasingly important for stakeholders. In the formation of non-financial reporting in Russia, interest is manifested at the state level. The purpose of the article is to demonstrate the possibility of using indicators of accounting and management accounting for the formation of individual indicators of non-financial reporting. The leading method to study this problem is observation, classification, generalization, systematization. The article presents approximate indicators of non-financial reporting on GRI standards and their disclosure in the accounting of the organization. The materials of the article can be useful in the preparation of information for the formation of non-financial reporting to managers and employees of economic services.

scholarly journals Risks in the System of Accounting and Financial Statements

2021 ◽  
Vol 10 (525) ◽  
pp. 290-297
Author(s):  
S. M. Semenova ◽  
◽  
O. M. Shpyrko ◽  
H. V. Ziabchenkova ◽  
O. P. Kuzmenko ◽  
...  
Keyword(s):  
Risk Management ◽  
Financial Reporting ◽  
Internal Control ◽  
Information Disclosure ◽  
Reporting System ◽  
Management Accounting ◽  
Professional Judgment ◽  
Integrated Reporting ◽  
Effective Response ◽  
Reporting Systems

The article is concerned with studying the risks that are formed in the accounting and financial reporting system, their grouping and characterization for effective management and improvement of enterprise performance. Risk management standards clearly indicate the responsibility of management in assessing risks, managing and reporting them. The transformation of user approaches and needs to complete and reliable information about the risks of enterprises, in particular to the preparation of integrated reporting, indicates that the process of improving both the management and the reporting systems is underway. Accounting simultaneously acts as a function of risk management through the creation of reserves and provisions, a means of displaying risks and decisions about them through disclosure of information in the reporting, and is also a source of risk formation. The literature highlights the latter aspect the least. On the basis of the carried out research, the following groups of risks arising in the accounting and reporting system are determined: risks in the field of application of international (or national) accounting and reporting standards; absence (inefficiency) of management accounting, tax planning, internal control, independent audit; risks of errors and fraud; risks of adverse changes in legislation. For each group, the enterprise will be able to choose the most effective response measures through distribution (by creating reserves, insurance, diversification, outsourcing, developing accounting policies and job descriptions) and reducing risks (through investing in staff education: trainings, seminars, courses and motivation, updating accounting software, compiling and reporting, substantiating professional judgment, improving the internal control system, regulating management accounting, integrated reporting, system solutions). Thus, in order to increase the efficiency of risk management, of practical value should be taking into account the risks of accounting and reporting systems, if we consider them as a source of risks, and not only as an instrument for administration or information disclosure.

Is risk reporting a possible link between financial and management accounting in private firms?

2021 ◽  
pp. 29-60
Author(s):  
Chiara Crovini ◽  
Giovanni Ossola
Keyword(s):  
Institutional Theory ◽  
Financial Reporting ◽  
Management Accounting ◽  
Risk Attitude ◽  
Financial Accounting ◽  
Private Firms ◽  
Risk Disclosure ◽  
Direct Outcome ◽  
Risk Reporting

This study represents a theoretical analysis with the purpose to continue the discussion on the relationship between management accounting (MA) and financial accounting (FA), by concentrating on the role of risk reporting as a possible manifestation of their convergence. Moreover, the analysis focuses on the private-firm sector as private firms represent the backbone of the economic system of several countries and little is known about financial and non-financial reporting. Drawing on the neo- Durkheimian institutional theory, this paper develops a conceptual framing that considers risk as an embedded element of the business domain and risk reporting as a direct outcome of the convergence between MA and FA in private firms. Furthermore, the neo-Durkheimian institutional theory emphasizes that the owners and managers' risk attitude is a crucial element affecting risk disclosure, especially in private firms.

Management accounting and governance implications: The case of the University of Bologna

2021 ◽  
pp. 289-311
Author(s):  
Sabrina Gigli ◽  
Laura Mariani ◽  
Angelo Paletta
Keyword(s):  
Performance Management ◽  
Financial Reporting ◽  
Management System ◽  
Public Universities ◽  
Management Accounting ◽  
Accounting System ◽  
Performance Management System ◽  
Effective Performance ◽  
Decision Making Processes ◽  
The University

University mission is a complex topic. Mission fulfilment requires the ability to manage different objectives simultaneously. An adequate performance management system can be crucial to support this process. The recent accounting reform of the Italian public universities offers the opportunity to implement such a performance management system. The introduction of the accrual accounting approach for financial reporting - and budgeting - does, in fact, require the collection of a greater amount of data and, notably, a richer amount of information on costs. The collected data and information can then be effectively used to promote accountability and to support decision-making processes from the governance to the operational level. In this context, the question arises: What are the drivers and the barriers that can facilitate the introduction of an effective performance management system in public universities? In order to answer this question, the authors conducted a study on the case of the University of Bologna, at its first implementation of a management accounting system (called COAN project). The aim of the COAN project is to contribute to the understanding of the organizational and procedural conditions that may affect the introduction of accounting innovation in the context of public universities.

Management accounting and costs control in the livestock industry

10.12737/2431 ◽  
2014 ◽  
Vol 8 (4) ◽  
pp. 38-42 ◽  
Author(s):  
Фасхутдинова ◽  
Milyausha Faskhutdinova
Keyword(s):  
Financial Reporting ◽  
Management Accounting ◽  
Scientific Methods ◽  
Economic Relations ◽  
Organization And Management ◽  
Economic Entity ◽  
Accounting Management ◽  
Key Sectors ◽  
Provision Of Services ◽  
On Farm

The article concerns the basics of management accounting and costs control in key sectors of the livestock. Management accounting is based on the intersection of science, by using different scientific methods, combining planning, organization and management of production, accounting and operational accounting, management analysis, valuation, a number of other economic sciences. In view of the integration of this new integrated industry knowledge, several of applied economic sciences, there are substantial breakthroughs to new knowledge and technologies. Accounting enables both managerial staff, so external users to have a fair presentation of the course of business, accounting is the link between economic activity and the management of the enterprise. The effectiveness of this communication provides by control. Control regulates economic relations, providing: the compliance of achieved economic operations in accordance with the statutory legal acts and regulations of the economic entity, the accuracy of accounting, accounting and financial reporting; the willingness of economic unit to external audits; the provision of services for the development and implementation of the entity’s accounting policies to develop and implement on-farm regulations; the maintenance of payments with the state, the owners (shareholders) on shares (shares) and partners for the obligations and agreements.

Goodwill accounting as a missing link between financial and management accounting: literature review and research agenda

2011 ◽  
pp. 17-39
Author(s):  
Alberto Quagli
Keyword(s):  
Financial Reporting ◽  
Value Relevance ◽  
Management Accounting ◽  
Financial Accounting ◽  
Accounting Research ◽  
Current State ◽  
External Reporting ◽  
Accounting Rules ◽  
Reporting Environment ◽  
Administrative Tasks

The main objective of this paper is to deal with the relationship between financial and management accounting concerning goodwill accounting. In this research I referred to the existing literature on goodwill accounting, impairment losses, and impairment testing, considering both the amortization and the impairment era in order to understand how interrelationships between financial and management accounting based on goodwill accounting were investigated theoretically. The results of the review still show a lack of dialogue in the accounting research. Even though the scant empirical evidence of operating practice within the companies demonstrate a natural linkage during the impairment era, internal and external reporting are still considered as two separate domains. This result, more logical in the amortization era, denotes by now a relevant gap in accounting research and it is time to pose some relevant research questions to open up an interdisciplinary (internal and external reporting) view. It is possible that the development of this new strand of research helps to advance our knowledge of business on many fronts. I refer to the advancement necessary to explain the mixed results of financial accounting studies such as the controversial value relevance of write-offs or the reason for opportunistic behavior in goodwill accounting, to interpret how financial accounting rules influence management accounting and, in the opposite sense, how management accounting represents a relevant factor in determining the financial reporting environment. A less myopic view, more open to a comparison between management and financial accounting, will also help standard setters , to understand if their rules require the disclosure of already adopted internal practices, if they favor company managerial growth, or if they add new and too sophisticated administrative tasks, too far from the current state of managerial thinking.

scholarly journals Some aspects of accounting and management accounting during economic downturns

2009 ◽  
Vol 3 (3-4) ◽  
pp. 33-35 ◽  
Author(s):  
Tamás Dékán
Keyword(s):  
Financial Reporting ◽  
Cost Allocation ◽  
Management Accounting ◽  
Balance Sheet ◽  
Fair Value ◽  
Point Of View ◽  
Current Debate ◽  
General Statement ◽  
Economic Downturns ◽  
New Situation

Economic slowdown and downturn creates new situation for every organisation, no one can avoid facing to new situation created by the global financial-, and economic crisis.All of the organisational function should reconsider its own role within the company due to the new circumstances, Accounting and Mangement Accounting can not be exception, but they have more complex and emphasized role in these difficult times. In the following paper I can not avoid to mention some general statement about importance of accounting and accounting principles, while there are a number of criticalaccounting and financial reporting issues that accountants and auditors should consider.In the framework of the paper I can not face with all relevant issues of the topic, but after some general statement I would like to highlight some special area regarding to management accounting, which can be more important during these challenging time for decision makers and accountants.Regarding to balance sheet analysis its important to mention current debate about fair value comparing with historical cost from accounting point of view, on the other hand from the view of management reporting system I would like to highlight the importance of working-capital indicators. More practical topic is the crucial role of budgeting and forecasting during economic downturns, and at the end I would like to show why it is more important monitoring price variance and indirect cost allocation in these uncertain business circumstances.

scholarly journals Narrative reporting

2021 ◽  
pp. 45-60
Author(s):  
Katarzyna Czajkowska ◽  
Marek Masztalerz ◽  
Ana Rep
Keyword(s):  
Financial Reporting ◽  
Information Needs ◽  
Management Accounting ◽  
Irrelevant Information ◽  
External Control ◽  
Significant Shift ◽  
Narrative Reporting ◽  
Written Descriptions ◽  
Accounting Reports

For years financial and management accounting reports were based primarily on “hard” numbers. Extensive written descriptions and explanations were not common in practice. However, in recent decades there has been a significant shift towards “softer” and more narrative communication in accounting. The purpose of the chapter is to identify and describe the determinants of the develop-ment of accounting narratives in practice, and to explain why narratives are gaining importance in accounting communication. The chapter presents the links between accounting and language, the development of accounting narratives and the factors determining the use of narratives.Narratives give economic units the opportunity to explain the situation and the achieved finan-cial results. The use of narratives helps to better meet the information needs of stakeholders. There are still many challenges ahead of narrative financial reporting, such as determining the minimum content of reports, ensuring comparability of reports or the issue of external control of narrative financial reporting.An insufficient application of professional accounting materiality judgment is considered as one of the main causes of disclosing too much irrelevant information and not enough relevant informa-tion. Preparers of narrative reports should be aware that without applying materiality principle the information disclosed in the reports are not considered transparent and stakeholders lose confidence in such companies.

Sign in / Sign up

Export Citation Format

Share Document