What's Happening to Profits at Cazenovia Creations?

2013 ◽  
Vol 8 (1) ◽  
pp. 24-29 ◽  
Author(s):  
Margaret Garnsey ◽  
Andrea Hotaling
Keyword(s):  
Financial Analysis ◽  
Financial Statements ◽  
Internal Controls ◽  
Net Income ◽  
Database Query ◽  
Microsoft Access ◽  
Level Data ◽  
Query Tool ◽  
Transaction Level

ABSTRACT In this case, students assume the role of an accounting professional asked by a client to investigate why net income is not as strong as expected. The students must first analyze a set of financial statements to identify areas of possible concern. After determining the areas to investigate, the students use a database query tool to see if they can determine causes by examining transaction level data. Finally, the students are asked to professionally communicate their findings and recommendations to their client. The case provides students with experience in using query-based approaches to answering business questions. It is appropriate for students with basic query and financial analysis skills and knowledge of internal controls. A Microsoft Access database with transaction details for the final seven months of the current year as well as financial statements for the current and prior year are provided.

scholarly journals The Significance of Financial Analysis Methods in the Rationalization of Investment Decisions in Stock Market – The Case of Khartoum Stock Exchange, During the Period from 2014  to 2018 –: أهمية استخدام أساليب التحليل المالي في ترشيد قرارات الاستثمار في سوق الأوراق المالية – دراسة حالة سوق الخرطوم للأوراق المالية خلال الفترة 2014 - 2018 –

2020 ◽  
Vol 4 (10) ◽  
Author(s):  
Mustafa Mohammed Zain, Asim Hassan Mohammed
Keyword(s):  
Decision Making ◽  
Stock Market ◽  
Financial Analysis ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Financial Statements ◽  
Financial Data ◽  
Descriptive Approach

This research aimed primarily to clarify the extent of the significance of financial analysis tools in the rationalization of investors’ decisions in the Khartoum Stock Exchange. This is, however, will be effected by identifying the role of financial analysis using financial ratios to provide information to make a sound decision. To achieve this objective, the research used the analytical descriptive approach, since the same conforms to such types of researches. To affect this, the research relied basically on the annual financial data of the case study. Based on said account, the research has reached a number of findings, the most significant of which, are the following: The utilization of trend analysis reporting in the Khartoum Stock Exchange has a great significance in the performance evaluation of the stock market. The liquidity ratios as a tool for financial statements analysis deemed as a perfect indicator in the process of decision making in the stock market. The debt ratios are the most significant tools in the financial analysis of the published financial statements, which help investors to take sound investment decisions.

The Role of accounting creativity in Encouraging Foreign Investment and Achieving Sustainable Development : An applied study on a sample of Iraqi banks listed in the Iraq Stock

2021 ◽  
Vol 11 (1) ◽  
pp. 215-228
Author(s):  
Moj Abbas Jassim ◽  
Amjad Karim Ghadd ◽  
Abbas Hadi Kate
Keyword(s):  
Sustainable Development ◽  
Foreign Investment ◽  
Active Role ◽  
Financial Statements ◽  
Net Income ◽  
Financial Reports ◽  
Applied Study ◽  
Creative Accounting ◽  
International Laws

The research aims to identify the role that creative accounting plays in improving the image of the financial statements in a way that helps to attract foreign investment, which leads to increasing capital and achieving sustainable development. For the purpose of achieving this, the research is applied on a sample of Iraqi banks in the money market for the financial years (2013- 2018) by analyzing the amount of accounting innovations and knowing the growth of the invested capital during the same period. Through that, the research objectives have been achieved and the hypothesis tested. The most important finding of the research is that the creative accounting plays an active role in changing the perception of external users on the financial reports submitted by Iraqi banks. In addition, it helps to improve the procedures that the accountant takes by changing the accounting policies in a way that changes the business result and net income in a way that changes the view of investors Outsiders. The most important recommendation is the need to improve the ideal display of financial elements according to the method that encourages foreign investment. This is reflected in achieving sustainable development, as well as providing appropriate financial methods that allow the accountant to amend accounting procedures in line with international laws and standards in a way that attracts external investors.

scholarly journals The Role of Ratio Profits as the Improvement of Realization of KPR BTN Credit in PT. BTN (Persero) Tbk.

2018 ◽  
Vol 2 (1) ◽  
pp. 31
Author(s):  
Achmad Fauzi
Keyword(s):  
Financial Statements ◽  
Net Income ◽  
Operational Cost ◽  
Return On Equity ◽  
Net Interest Margin ◽  
Net Profit ◽  
Equity Ratio ◽  
Interest Margin

Mortgages are used as credit services provided by banks to customers who want a special loan to meet the needs in the construction of houses or home renovations that must be in accordance with the procedures that have been specified as a condition of completeness of KPR. Data collection methods in the preparation of this research is a qualitative research method with one case study in calculating the profit generated by Bank BTN (Bank Tabungan Negara) can be calculated by using the ratio. One of the ratios used is the profitability ratio. In the ratio of profitability, there are ratios such as: ROA (Return On Asset), ROE (Return On Equity), NIM (Net Interest Margin), and BOPO (Operational Cost). To find out the ROA (Return On Asset) ratio, net income after tax and income is required. As for calculating ROE (Return On Equity) ratio required net income after interest and taxes and capital. And for NIM (Net Interest Margin) ratio required total net profit after tax and income, while BOPO (Operational Cost) required operational and operational income. Analysis of financial statements is very important to do because at this stage the financial statements that have been calculated on the ratio already described, the ratio results obtained by PT. Bank BTN (Bank Tabungan Negara) may be decided to comply with the provisions of the BI standard provisions.

scholarly journals ROLE OF FINANCIAL REPORTING IN DECISION-MAKING IN ORGANIZATIONS

2019 ◽  
pp. 680-685
Author(s):  
G. Sh. Asanova ◽  
U. M. Abdyldaeva
Keyword(s):  
Decision Making ◽  
Cash Flow ◽  
Financial Reporting ◽  
Financial Analysis ◽  
Financial Statements ◽  
Necessary Condition ◽  
Management Decisions ◽  
Information Base ◽  
Financial Position

This article discusses the role and analytical capabilities of financial statements in making management decisions, since financial statements must faithfully reflect the financial position, financial results and cash flow of an enterprise, which requires truthful reflection of completed operations, other events and conditions in accordance with the definitions and criteria recognition of assets, liabilities, income and expenses. The value of financial statements is that it is the information base of financial analysis and audit. Therefore, the reliability of all objects reflected in the account, is a necessary condition in the preparation of accounting and reporting information, both on the property status of the enterprise, and on the results of its activities.

scholarly journals PERANAN LAPORAN KEUANGAN DALAM KEBIJAKSANAAN PEMBERIAN KREDIT KEPADA CALON NASABAH PADA PT. BPR BATANG KAPAS

2018 ◽  
Author(s):  
Ananda Rahmi Shanjaya ◽  
Doni Marlius
Keyword(s):  
Data Analysis ◽  
Research Method ◽  
Qualitative Data ◽  
Financial Statements ◽  
Financial Statement ◽  
Net Income ◽  
Financial Statement Analysis ◽  
Operating Income ◽  
Operating Profit

The objective to be achieved in this study is to find out how the financial statement analysis of PT. BPR Batang Kapas in giving credit to prospective customers. In analyzing data, the author uses qualitative data analysis as a research method that explains descriptively about the role of financial statements in the policy of giving credit to prospective customers of PT. BPR Batang Kapas. Research Results The total operating income of PT. BPR Batang Kapas in 2015 was Rp. 4,127,157,198 while in 2016 it was Rp. 4,614,930,633. While the operating profit and loss of PT. BPR Batang Kapas in 2015 was IDR 552,086,280 and in 2016 was IDR 627,180,472. it can be seen that the national financial profit of PT. BPR Batang Kapas has increased by Rp 75,094,192. It is clear that PT. BPR Batang Kapas benefited from 2015 to 2016. Both in terms of the amount of operating income, operating income or net income at PT. BPR Batang Kapas. But based on the data on the ratio of Liquidity, Solvability, and Profitability see the percentage that exists at PT. BPR Batang Kapas, there is a possibility that credit can be given to prospective customers.

scholarly journals Detecting Financial Fraud Following The Covid 19 Pandemic: Role of The Board of Directors

2021 ◽  
Vol 05 (01) ◽  
Author(s):  
Zgarni Amina ◽  
Keyword(s):  
Board Of Directors ◽  
Financial Statements ◽  
Internal Controls ◽  
Economic Environment ◽  
Financial Fraud ◽  
Working Environments ◽  
The Board Of Directors

Today, the era of COVID 19 has exacerbated the problem of financial fraud. Indeed, many companies are migrating to remote virtual working environments, where fraudsters can find new ways to bypass existing controls, especially those that are important for the preparation of annual financial statements. Thus, this new economic environment can weaken internal controls and increase the risk of fraud. The aim of this paper to identify the effect of the COVID 19 pandemic on the aggravation of the problem of financial fraud and to emphasize the role of the board of directors in detecting financial fraud.

scholarly journals The importance of the role of financial analysis  in making investment decisions in securities - Case Study: Khartoum Stock Exchange: أهمية دور التحليل المالي في اتخاذ القرارات الاستثمارية في الأوراق المالية دراسة حالة: سوق الخرطوم للأوراق المالية

2021 ◽  
Vol 5 (17) ◽  
pp. 99-79
Author(s):  
Waleed Alsayed Almahdi Ahmed Waleed Alsayed Almahdi Ahmed
Keyword(s):  
Financial Analysis ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Financial Statements ◽  
Research Problem ◽  
Sufficient Information ◽  
The Right ◽  
Rational Investment

This research aimed at the followings: Identifying the important role of financial analysis depending on information cited on financial statements and reports in making the right investment decision in Khartoum Stock Exchange. Adopting a reliable financial analysis that can assist to analyze and evaluate the financial and non-financial information to make decisions of buying، selling or reserving stocks with rational investment decisions at Khartoum Stock Exchange. In order to discuss the research problem، the researcher tests the hypotheses: The rational financial analysis is considered an effective tool in making a good investment decision, the accounting information helps investors in stock markets in making the right investment decision. The research adopts the deductive methodology to formulate the research problem and hypotheses; the inductive method to collect data from primary and secondary sources; the historical method to tackle the previous studies; whereas the analytical-descriptive method to test the validity of the hypotheses. The important results of the research could be summarized as Adopting modern financial analysis techniques provide information that help in making the right investment decisions Failure to make the rational investment decision is related to inefficiency of the information and financial reports depended upon in each stage of making investment decision and Whereas the most important recommendations are to adopt modern techniques in analyzing financial statements by using SPSS. Provide sufficient information about stock exchange rates and dealings regularly on the internet websites and workshop papers.

Peranan Ketua Pengurus dan Manajer Dalam Penyusunan dan Penerapan Laporan Keuangan Berbasis SAK ETAP Pada Koperasi di Kota Palembang

2019 ◽  
Vol 14 (2) ◽  
pp. 119
Author(s):  
Riza Syahputera ◽  
Martha Rianty
Keyword(s):  
Data Analysis ◽  
Sampling Technique ◽  
Financial Statements ◽  
Significant Positive Effect ◽  
Analysis Technique ◽  
Regression Test ◽  
Using Data ◽  
The City ◽  
Positive Effect

AbstractThis study aims to determine the effect of the role of the Chairperson and Cooperative Manager in the preparation and application of Financial Statements based on SAK ETAP in cooperatives in the city of Palembang. This research is a quantitative study using data obtained from questionnaires and measured using a Likert scale. The sampling technique used is purposive sampling. The sample used in this study was the Chairperson of the cooperative and the manager of the cooperative in the city of Palembang. The cooperatives studied were 203 cooperatives. The data analysis technique used is multiple linear regression test. The results showed that the role of cooperative leaders and managers had a significant positive effect on the preparation and application of SAK ETAP-based financial statements.Keywords : chairman, manager, SAK ETAP, cooperative

Composition and characteristics of the financial statements elements in accordance with IFRS

2020 ◽  
pp. 36-42
Author(s):  
Mohammad Tariq Jassim
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
International Financial Reporting Standards ◽  
International Accounting ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Current Trends ◽  
Similarities And Differences ◽  
Qualitative Characteristics

In a market economy, the role of International Financial Reporting Standards is increasing. In order to understand their significance in modern conditions it seems necessary to consider the peculiarities of evolution of IFRS formation. The article reflects actual issues concerning the role and significance of International Accounting and Reporting Standards in modern conditions. The author has defined the necessity of applying International Accounting and Reporting Standards by Russian companies. The article highlights the main elements and users of financial statements prepared on the basis of IFRS, and analyzes the similarities and differences that exist in the formation of financial statements, based on the requirements of IFRS and RAS. The main qualitative characteristics of financial statements are considered in detail. Based on the results of the research, the author has identified current trends in the transition to international financial reporting standards.

CEO and CFO Equity Incentives and the Pricing of Audit Services

2013 ◽  
Vol 33 (2) ◽  
pp. 1-25 ◽  
Author(s):  
B. Anthony Billings ◽  
Xinghua Gao ◽  
Yonghong Jia
Keyword(s):  
Positive Association ◽  
Audit Fees ◽  
Internal Controls ◽  
Audit Risk ◽  
Pricing Decisions ◽  
Equity Incentives ◽  
Accounting Scandals ◽  
Using Data ◽  
Distinctive Role

SUMMARY: The alleged perverse role of managerial incentives in accounting scandals, and the distinctive role of auditors in identifying and intervening in attempted earnings manipulation, highlight the importance of explicitly considering executive incentive plans by auditors in the auditing process. By empirically testing auditors' responses to CEO/CFO equity incentives in planning and pricing decisions using data from 2002 through 2009, we document compelling evidence that CFO equity incentives are positively associated with audit fees and CEO equity incentives are not statistically related to audit fees, suggesting that auditors perceive heightened audit risk associated with CFO equity incentives. Our further analyses reveal that the positive association between CFO equity incentives and audit fees is more pronounced in firms with weak internal controls, indicating heightened risk associated with CFO equity incentives in this setting perceived by auditors. JEL Classifications: G30, G34, M42, M52.

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