Linking Cybersecurity and Accounting: An Event, Impact, Response Framework

2021 ◽  
Author(s):  
Diane J. Janvrin ◽  
Tawei (David) Wang
Keyword(s):  
Financial Performance ◽  
Additional Research ◽  
Financial Accounting ◽  
Impact Response ◽  
Managerial Accounting ◽  
Response Strategies ◽  
High Profile ◽  
Research Findings

Due to recent high-profile cybersecurity breaches and increased practitioner and regulatory attention, organizations are under pressure to consider the accounting implications of these attacks and develop appropriate responses. Specifically, cybersecurity events may affect organizations’ operations, financial and non-financial performance, and ultimately its stakeholders. To address how cybersecurity issues may affect accounting, this paper presents an Event, Impact, Response Framework to discuss current research and consider implications for both practitioners and researchers. The Framework highlights how practitioners may rely on research findings to better assess cybersecurity threats, understand their impact, and develop response strategies. Results encourage additional research examining how (1) organizations identify cybersecurity threats, incidents, and breaches, (2) cybersecurity affects different risks, and (3) management responses to cybersecurity risks and events. Further, the Framework suggest the need for cybersecurity research to extend beyond the AIS community to areas such as financial accounting, managerial accounting, and auditing.

PROFESSIONAL DOMINANCE: THE RELATIONSHIP BETWEEN FINANCIAL ACCOUNTING AND MANAGERIAL ACCOUNTING, 1926–1986

2002 ◽  
Vol 29 (2) ◽  
pp. 91-121 ◽  
Author(s):  
Alan J. Richardson
Keyword(s):  
Management Accounting ◽  
Financial Accounting ◽  
Managerial Accounting ◽  
Letters To The Editor ◽  
Management Accountants ◽  
Professional Dominance ◽  
The Relationship

This paper examines the relationship between financial and managerial accounting as reflected in articles, editorials and letters to the editor published in Cost and Management, the Canadian trade magazine for management accountants, between 1926 and 1986. It has been claimed that during this period management accounting techniques lost their relevance to manufacturers, in part, due to the dominance of financial accounting over managerial accounting. This is also the period in which management accounting struggled to become recognized as a profession distinct from financial accounting. The analysis thus focuses on the jurisdictional dispute between financial and managerial accounting and the mechanisms by which managerial accounting was subordinated to financial accounting. The paper identifies the technical, organizational and professional mechanisms used to subordinate managerial accounting. The paper also demonstrates that management accountants were aware of the consequences of their relationship to financial accounting for the relevance of their techniques. Contemporary events suggest that the intersection of financial and managerial accounting remains disputed territory.

scholarly journals Transaksi Pihak Berelasi: Kompensasi Manajemen Kunci, Kinerja Akuntansi, dan Multiple Large Shareholders

2020 ◽  
Vol 20 (3) ◽  
pp. 877
Author(s):  
Gandy Wahyu Maulana Zulma ◽  
Fitri Chairunnisa ◽  
Azolla Degita Azis
Keyword(s):  
Corporate Governance ◽  
Performance Evaluation ◽  
Executive Compensation ◽  
Financial Accounting ◽  
Executive Management ◽  
Accounting Performance ◽  
Large Shareholders ◽  
Research Findings ◽  
Research Period ◽  
Positive Effect

The aim of this study is to examine whether multiple large shareholders held by the company can affect the relation between accounting performance and executive compensation, using panel data of all publicly company in Indonesia (except financialand mining industries) with the research period 2017-2019. The result shows that the existence of 2nd largest shareholders that owns more than 10% stocks and also if the board has representation from 2nd largest shareholders in the company, it can reduce the positive effect of accounting performance to executive compensation. This research findings could be as an additional literature in financial accounting and corporate governance area, and also for practitioners in Indonesia that if a firm has good controlling function from multiple large shareholders, it can reduce the opportunistic discretion from executive management if the company has performance evaluation based on earnings.

suits of operations. The ordres were linked together either by double-entry or by the use of contra-accounts. The plan's double­ entry systems were as follows [CNOF, 1946]: Financial accounting Ordre 1 — Operating accounts (revenues and expenses) (accounting elements seen as causes) Ordre 2 — Balance sheet accounts (assets and liabilities) (effect of transactions on the company's position) Managerial accounting Ordre 3 — Cost accounts and sales accounts (transactions classified as to purpose) Ordre 4 — Imputation or contra-accounts Budgetary accounting Ordre 5 — Budgeted operations Ordre 6 — Budgeted liquidities Ordre 7 and 8 were left open, in case other accounting systems were developed in the future. Ordre 9 was devoted to commit­ ments and transitory accounts, such as purchases and sales in cash, and internal transfers. In financial statements, transitory ac­ counts were to be replaced by the ordre to which they were related (1 or 2), and commitments were to be listed at the end of the balance sheet. Each ordre was further divided into categories, each having its own specific meaning. For example, the categories found in ordre 1 were charges and revenues that are included in the gross profit margin, operating charges and revenues, investment-related charges and revenues, administrative charges, miscellaneous rev­ enues and financial charges. These categories were further grouped to provide the following summary accounts: the gross profit margin, results of operations, net revenue from investments, net administrative charges and financial charges. The classifica­ tion adopted in that ordre was based first on the economic func­ tion of the transactions and second on their nature. Another ex­ ample of the breakdown of an ordre into categories is provided by ordre 2. In the latter, assets were divided, according to their eco­ nomic function in the company and their degree of liquidity, into fixed assets, investments, short-term assets (inventories and short­ term investments), receivables and liquid assets (cash and cash equivalents). Ordre 3 and 4 were devoted to cost accounting, constituting a 287

2014 ◽  
pp. 343-343
Keyword(s):  
Balance Sheet ◽  
Financial Statements ◽  
Profit Margin ◽  
Financial Accounting ◽  
Managerial Accounting ◽  
Accounting Systems ◽  
Fixed Assets ◽  
Net Revenue ◽  
Specific Meaning ◽  
Double Entry

Harmony-oriented retail innovations and financial performance

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mónika Anetta Alt ◽  
Zombor Berezvai ◽  
Irma Agárdi
Keyword(s):  
Financial Performance ◽  
Sales Growth ◽  
Asian Countries ◽  
Human Relationships ◽  
Content Type ◽  
Research Findings ◽  
The Relationship ◽  
Positive Effect ◽  
Practical Implications ◽  
Innovation Outcomes

PurposeRecently, a growing need for harmony has been observed worldwide. Harmony is a universal value in both Western and Asian countries. This paper aims to study how the concept of harmony is reflected in the innovation of European multinational grocery retailers and how harmony-related innovations affect the financial performance of the retailers.Design/methodology/approachThe research is based on a multisource database including innovation outcomes and financial performance indicators of 17 European multinational grocery retailers in the period of 2011–2018. In sum, 1,399 innovations were identified by content analysis. The relationship between innovation outcomes and financial performance was measured by panel regression analysis.FindingsResults indicate that retailers differ in launching harmony-oriented innovations. Moreover, 40% more innovations are related to harmony with people as those related to harmony with nature. Finally, harmony-with-people innovations have a significantly positive effect on retailers' sales growth.Practical implicationsBased on the research findings, retailers can improve their sales growth by launching innovations that focus on harmony in human relationships.Originality/valueThis paper extended the concept of harmony to the field of innovations. First, the research showed how the value of harmony appears in the innovations of multinational retailers. Second, the study differentiated between harmony-with-people and harmony-with-nature innovations. Third, the findings revealed that harmony-oriented innovations contribute to retailers' financial performance.

Issues Of Managerial Accounting Methodology

2012 ◽  
Vol 4 ◽  
Author(s):  
Barulina E.V ◽  
Barulina M.S
Keyword(s):  
Financial Planning ◽  
Planning Process ◽  
Management Accounting ◽  
Process Research ◽  
Financial Accounting ◽  
Added Value ◽  
Economic Interest ◽  
Managerial Accounting ◽  
Economic Costs

This article deals with management accounting, its role and objectives during financial planning process. Research of on American, German and Russian scientists are also considered. Author formulates his own definitions of aims of management accounting, highlighters that object of financial accounting have to include economic costs, economic revenue and economic added value, economic interest. More  over Author defines methods of managment accounting.

scholarly journals Hegemony and the Interest of Egypt’s Business Elite in Post-Mubarak Press

2019 ◽  
Vol 9 (1) ◽  
Author(s):  
Maher Hamoud
Keyword(s):  
Political Economy ◽  
Political Elite ◽  
Military Coup ◽  
The Political ◽  
Business Elite ◽  
High Profile ◽  
Research Findings ◽  
Privately Owned

This article aims at critically analysing the hegemony of Egypt’s business elite and the private press they own following Mubarak’s fall. Hegemony requires the exercise of power to maintain consent under changing conditions such as the 2011 uprising and the 2013 military coup. This study answers the question of “why and how Egypt’s business elite controls the post-Mubarak press?”. Situated within the interdisciplinary domain of “critical political economy of communication”, this article focuses on the two most popular privately-owned newspapers al-Masry al-Youm and al-Watan. Interviews with high-profile sources have been conducted and embedded into the research. Findings show that the Egyptian private press, particularly in the post-Mubarak era, is closely controlled by the business elite in favour of their interests, and indirectly in favour of the political elite – whether civilian or military. The sector’s hegemonic position was briefly shaken by the 2011 uprising, then quickly maintained and reinforced before the 2013 coup.

scholarly journals EFFECT OF UNDERSTANDING FINANCIAL MANAGEMENT, REGIONAL FINANCIAL ACCOUNTING SYSTEMS, EFFECTIVENESS OF INTERNAL CONTROL, AND COMMITMENT TOWARDS FINANCIAL PERFORMANCE OF NORTH SULAWESI PROVINCE

2019 ◽  
Vol 8 (01) ◽  
pp. 51
Author(s):  
David Paul Elia Saerang ◽  
Heince R. N Wokas ◽  
Robby J. Kumaat ◽  
Christian Datu
Keyword(s):  
Organizational Commitment ◽  
Financial Performance ◽  
Internal Control ◽  
Financial Management ◽  
Financial Accounting ◽  
Accounting System ◽  
City Governments ◽  
Accounting Systems ◽  
North Sulawesi ◽  
Systems Effectiveness

This study aims to determine, the effect of understanding financial management, regional financial accounting system, effectiveness of internal control and organizational commitment towards financial performance of region and city governments in the province of North Sulawesi. The type of this research is quantitative. The population are all Regional Work Unit (SKPD) government financial managers of North Sulawesi, the respondents are 125 respondents as financial managers namely PPK-SKPD, Head of Finance and Financial Staffs. The Data method is using questionnaires and the analysis is using multiple regression analysis. The result shows that the understanding of financial management and effectiveness of internal control have a significant effect to the financial performance, while the regional financial accounting system and organizational commitment are not significant.Keywords : Understanding Regional Financial Management, Regional Financial Accounting Systems, Effectiveness of Internal control, Organizational Commitment, Local Government Financial Performance

scholarly journals Przesłanki i warunki wykorzystania rachunkowości i analizy finansowej w biznesplanie małego przedsiębiorcy

2010 ◽  
Vol 6 ◽  
pp. 141-156
Author(s):  
Kinga Bauer
Keyword(s):  
Business Plan ◽  
Financial Statements ◽  
Financial Accounting ◽  
Business Organization ◽  
Managerial Accounting ◽  
Accounting Data ◽  
Business Goals ◽  
Economic Decision Making ◽  
Financial Analyses ◽  
Formal Statement

A business plan focuses on a formal statement of the set business goals, the reasons why theyare believed attainable, and the plan for reaching those goals. It may also contain informationabout the organization. A business plan is usually created for the benefit of the external ownersof capital. The most important information for investors is that about costs, profits and risk.Accounting provides information about a separate economic unit. Accounting informationis verifiable, objective and quantitative. It is the basis for economic decision making. The accountinginformation system basically serves two categories of users – those that are external tothe business organization and those that are internal. Both financial and managerial accountingare possible. Organizations require both. Financial accounting is primarily for those externalto the organization; managerial accounting is for the internal use of managers, but it can alsobe used by external users. Accounting data can be used in a business plan.The demand for accounting data has grown rapidly because it increases knowledge andreduces risk. Financial institutions that supply the business with capital for investment orexpansion are very interested in such factors as the reputation and ability of the company’smanagement, its ability to meet its financial obligations, and its prospects for future success.A company’s financial statements, financial analyses and managerial accounting are an importantsource of this information. To reduce their risks lenders can demand accounting data in abusiness plan.

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