Managing an Enterprise and Ethical Dilemmas in Accountancy

2014 ◽  
Vol 9 (2) ◽  
pp. 141-151
Author(s):  
Jolanta Wiśniewska
Keyword(s):  
High Risk ◽  
Ethical Dilemmas ◽  
Business Management ◽  
Relevant Information ◽  
Necessary Condition ◽  
Accounting System ◽  
Quality Of Information ◽  
Economic Entity ◽  
A Company

The purpose of this article is to present the correlation between management of an economic entity and the development of ethical accounting dilemmas in the era of high-risk business. In the globalisation era and recurring economic crises, realisation of the objectives of a company takes place under high risk conditions. It is therefore necessary to use a proper management system. The necessary condition for making all decisions is to have relevant information. The value and relevance of these decisions depend on the quality of information which they have been based on. Lack of ethics in accounting has a direct impact on the company's management, which is based on information generated by the accounting system of the company. Ethical dilemmas arising in accounting are also ethical dilemmas arising in the process of business management. 

The possibilities of reporting the business model in financial statements

2017 ◽  
Vol 44 (3) ◽  
pp. 61-74
Author(s):  
Mariusz Karwowski ◽  
Getruda Świderska
Keyword(s):  
Business Model ◽  
Model Transformation ◽  
Financial Statements ◽  
Model Verification ◽  
Accounting System ◽  
Quality Of Information ◽  
Reported Data ◽  
Company Identification

This article attempts to answer the question if there is a possibility of reporting information in financial statements about the realisation of a business model. For this purpose, the accounting system has been assessed. This assessment includes four stages: identification of a business model used by the company, identification of the accounting policies adopted by the company, assessment of the quality of information about the realised business model, transformation of the reported data from the accounting system to eliminate the distortions in the context of the business model. Verification of the above assessment was carried out on the basis of the financial statements of three developers.

scholarly journals Accounting Policies in the Function of Quality Assessment of Financial Statements

2021 ◽  
Vol 59 (3) ◽  
pp. 357-373
Author(s):  
Jelena Raičević
Keyword(s):  
Quality Assessment ◽  
Financial Statements ◽  
Relevant Information ◽  
Cash Flows ◽  
Business Decisions ◽  
Financial Position ◽  
And Performance ◽  
Complex Relationships ◽  
A Company

Abstract Financial statements represent an instrument by which relevant information about a company is passed on to its users. Based on the information presented in the financial statements, i.e. information on the financial position and performance of the company, and generated cash flows and capital, users make business decisions. Specific accounting policies serve as the basis for the preparation of quality financial statements. Management is responsible for the preparation and presentation of financial statements and selects accounting policies. Although simple, the issue of choosing the accounting policies can be extremely delicate and complex. Besides management, there are other stakeholders who may be affected by this issue. As a consequence, there are complex relationships that affect the choice of accounting policies, and thus the quality of financial statements.

scholarly journals Quality of Information for Skin Cancer Prevention: A Quantitative Evaluation of Internet Offerings

Healthcare ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 229
Author(s):  
Wolfgang Uter ◽  
Christina Eversbusch ◽  
Olaf Gefeller ◽  
Annette Pfahlberg
Keyword(s):  
Skin Cancer ◽  
Cancer Prevention ◽  
Quality Criteria ◽  
Visual Presentation ◽  
Relevant Information ◽  
Skin Cancer Prevention ◽  
Sources Of Information ◽  
Quality Of Information ◽  
Search Results

(1) Background: Different sources of information are used by the population regarding skin cancer prevention. The pertinent quality of information that can be retrieved via an internet search engine needs assessment; (2) Methods: Four topical searches in common language were entered into Google™. The first 200 “hits” were stored for further use. Eligible websites were evaluated using content-based criteria based on the current German medical guideline “Skin cancer prevention” and employing generic (DISCERN, HONcode) quality criteria. (3) Results: Overlap between the four search results was between 0 and 7 of 200. The completeness of relevant content was scored with a median of 10 points (first quartile (Q1):6; Q3:14) and thus, it was much lower than the theoretical maximum of 43 points. Global quality, with a maximum of 10 points, was 3 in median (Q1:2; Q3:4). Quality and completeness, respectively, were somewhat higher in the higher ranks of search results. The generic quality was moderate. (4) Conclusions: A direct comparison with other sources of information (print, audio-visual, presentation, or personal counselling) is not possible, but important deficits concerning the quality and scope of relevant information on the internet are demonstrated.

scholarly journals Desired Impact of an ERP Implementation on the Quality of Information

2018 ◽  
Vol 4 (336) ◽  
pp. 117-135
Author(s):  
Artur Jabłoński ◽  
Marta Kawczyńska ◽  
Żaneta Pietrzak ◽  
Tomasz Wnuk-Pel
Keyword(s):  
Management Accounting ◽  
System Implementation ◽  
Erp Implementation ◽  
Quality Of Information ◽  
Erp System ◽  
The Impact ◽  
A Company

This paper aims to present the expectations of the employees of the company in which the study has been conducted in terms of the impact of an ERP system implementation on the quality of information, in particular the information generated by the system of management accounting. To achieve the research objective, the authors conducted a case study using a questionnaire. The survey was conducted in a company which was implementing an ERP system. The results allow to conclude that the expectations of its employees in relation to the improvement of the quality of information were high. In particular, they desired an improvement in terms of speed of obtaining information and an increase in its accuracy. The respondents felt that the implemented system would be significantly useful in their work, mainly by supporting its most important aspects and improving control.

Accounting support of the transparency of budget process

2021 ◽  
Vol 2021 (5) ◽  
pp. 47-57
Author(s):  
Ljudmyla LOVINSKA ◽  
◽  
Liliya KORYTNYK ◽  
Keyword(s):  
Public Sector ◽  
Management Accounting ◽  
Full Range ◽  
Public Information ◽  
Relevant Information ◽  
Public Access ◽  
Necessary Condition ◽  
Budget Process ◽  
Published Data ◽  
Accounting System

In terms of implementing the declared principles of openness, transparency and accessibility of the budget process, the importance of reliable and relevant information is updated and the role of the source of such information is strengthened. The study has found that the international concept of accounting for open and transparent information on public finances is not implemented in the legal and accounting system of the domestic budget process in the context of the introduction of relevant IPSAS national public sector accounting regulations (standards). It is proved that reliability and objectivity of published data and indicators are ensured by the management accounting system, which produces the full range of financial and non-financial information to maintain openness and transparency of budgets and public access to public information. It is established that the users of information generated in the system of management accounting of public sector entities in terms of budget management are not only internal (as defined by law), but also external , and the scope of its information flows goes beyond internal accounting. This has necessitated the introduction of proposals to modernize the legal interpretation of management accounting in the context of expanding the range of participants and its scope. The obtained results allowed us to conclude that the introduction of management accounting in the accounting system of the public sector is a necessary condition for the transparency of the budget process.

scholarly journals ACTUAL PROBLEMS OF ACCOUNTING ORGANIZATION ON THE FINANCIAL RESPONSIBILITY CENTERS

2019 ◽  
pp. 116-120
Author(s):  
G. A. Adamova
Keyword(s):  
Management Accounting ◽  
Financial Structure ◽  
Information Support ◽  
Accounting System ◽  
Quality Of Information ◽  
Structural Units ◽  
Financial Responsibility ◽  
Key Questions ◽  
Management Accounting System

The successful functioning of large companies is directly related to the quality of information support for management. One of the important places in the management accounting system is the allocation of responsibility centers and the construction of the financial structure of the company. The article considers key questions of the organization of accounting on the financial responsibility centers and the main problems, facing economic services in the formation of management accounting. The possible relationships between the organizational and financial structures have been disclosed. The recommendations on the distribution of responsibilities and fixing of indicators for structural units in order to implement the established plan of activities have been given. The detail problem of the established indicators, as well as the possibilities of managerial influence from linear managers has been considered.

IPO UNDERPRICING AND INFORMATION QUALITY OF PROSPECTUSES

2020 ◽  
Vol 65 (06) ◽  
pp. 1559-1577
Author(s):  
KUO ZHOU ◽  
BAICHENG ZHOU ◽  
HUAXIAO LIU
Keyword(s):  
Capital Market ◽  
Information Disclosure ◽  
Information Quality ◽  
Public Information ◽  
Relevant Information ◽  
Ipo Underpricing ◽  
Quality Of Information ◽  
Sustainable Operation ◽  
The Relationship

Effective information disclosure is the cornerstone of sustainable operation of the capital market. In the IPO market, whether public information in the prospectus can be fully captured by investors largely depends on the quality of valuation-relevant information. Based on Chinese prospectuses, we create five unique indicators to measure the information quality and examine the relationship between information quality and IPO underpricing. We find that high quality of information disclosure results in less underpricing because they relieve serious information asymmetry between issuing companies and investors. We provide a new method to supervise and improve the quality of non-financial information disclosure.

Ensuring the Quality of Information by Creating a Sustainable Framework in the Context of CSR Reporting

2021 ◽  
pp. 1-34
Author(s):  
Nicoleta Farcane ◽  
Ovidiu Constantin Bunget ◽  
Rodica Blidisel ◽  
Alin Constantin Dumitrescu ◽  
Delia Deliu ◽  
...  
Keyword(s):  
Financial Reporting ◽  
Relevant Information ◽  
Frame Of Reference ◽  
Financial Information ◽  
Daily Activities ◽  
Quality Of Information ◽  
Csr Reporting ◽  
Reporting Framework ◽  
Sustainability Reports

This chapter aims to identify basic pillars around which issues related to non-financial reporting are going to be outlined by testing the quality of information presented by the top 50 largest listed companies according to non-financial reporting criteria, considering the environment, human and social resources, human rights, and the fight against corruption. By highlighting the diversity of information disclosed by the corporations (i.e., the economic, social, and environmental impact caused by the daily activities carried out), common benchmarks that determine the quality assurance are ascertained. Research methods include quantitative analysis of the sustainability reports, along with the authors' observation regarding the existing frame of reference. Findings show that there is significant diversity in how non-financial information regarding CSR is disclosed. Modeling a unitary reporting framework could be the keystone to which companies could relate in ensuring a good correlation with users' need for accurate, reliable, and relevant information.

Applying Social Media Intelligence for Successful Business Management

2019 ◽  
pp. 1-30
Author(s):  
Sérgio Maravilhas
Keyword(s):  
Decision Making ◽  
Social Media ◽  
Business Management ◽  
New Product ◽  
Distribution Channels ◽  
Service Development ◽  
Quality Of Information ◽  
Product Service ◽  
Social Media Intelligence

Marketing trends and competitive information is needed for clear decision making about what products to develop for what customers, at what cost, and through which distribution channels, reducing the uncertainty that a new product/service development always brings. There are several characteristics that describe the quality of information that will allow the analysis of the value of the information used. Information is an important aid in the decision-making process and must be of quality to improve its value. Social media intelligence allows the knowledge of competitors' moves and the analysis of trends from the communications exchanged in the networks of individual consumers, making it easy for companies to develop solutions according to their clients and prospects desires. Learning how to extract quality, unbiased, valuable information from these social tools is the aim of this chapter.

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