scholarly journals THE ROLE OF ACCOUNTING POLICY IN ENSURING EFFICIENT ACTIVITIES OF BUDGETARY INSTITUTIONS

2021 ◽  
Author(s):  
K. Kramarenko
Keyword(s):  
Budgetary Institutions ◽  
Accounting Policy

Prestige Projects Limited: Challenges in Transitioning to New Accounting Policy

2021 ◽  
Author(s):  
Samir Kumar Barua ◽  
Mahendra R. Gujarathi
Keyword(s):  
Financial Reporting ◽  
Professional Judgment ◽  
Accounting Standard ◽  
Construction Contracts ◽  
Policy Choices ◽  
Accounting Courses ◽  
Business Functions ◽  
Accounting Policy

This case provides an experiential learning opportunity to (a) appreciate the role of professional judgment in accounting policy choices, (b) evaluate the effect of accounting decisions on other business functions, and (c) understand the challenges in transitioning to a new accounting standard. Prestige’s previous auditors were fine with its use of output-based measure (milestones completed) to compute the percentage-of-completion (POC) for its long-term construction contracts. However, the newly appointed auditors recommended Prestige to switch over to input-based measure (costs incurred) to compute POC. Students need to choose the appropriate financial reporting policy considering accounting and non-accounting issues. The case addresses an important context, long-term construction contracts. Although the case setting is in India, it can be used in any country given its GAAP-agnostic nature. The case is best suited for intermediate accounting courses in which the topic of revenue recognition is addressed.

scholarly journals Does Transfer Pricing Moderate the Effect of Deferred Tax Assets and Deferred Tax Expenses on Accrual Earnings Management of Firms in Indonesia?

2021 ◽  
Vol 6 (3) ◽  
pp. 97-103
Author(s):  
Nera Marinda Machdar ◽  
Dade Nurdiniah
Keyword(s):  
Earnings Management ◽  
Transfer Pricing ◽  
Manufacturing Companies ◽  
Moderator Variable ◽  
Policy Makers ◽  
Deferred Tax Assets ◽  
Management Actions ◽  
Deferred Tax ◽  
Accounting Policy

The purpose of this study is to analyze (a) the effect of deferred tax assets on accrual earnings management; (b) the effect of deferred tax expenses on accrual earnings management; (c) the role of transfer pricing as a moderator variable to strengthen the effect of deferred tax assets on accrual earnings management; and (d) the role of transfer pricing as a moderator variable to strengthen the effect of deferred tax expenses on accrual earnings management. The samples consist of 160 manufacturing companies listed in Indonesia Stock Exchange (IDX). The study utilizes the financial statements from 2012 to 2018. This study presents that (a) deferred tax assets influence accrual earnings management; b) deferred tax expenses affect accrual earnings management; c) transfer pricing does not strengthen the effect of deferred tax assets on accrual earnings management; and d) transfer pricing does not strengthen the effect of deferred tax expenses on accrual earnings management. This study contributes to accounting studies, tax authorities and regulators, and accounting policy makers. Firstly, this research contributes to the development of accounting studies on the role of transfer pricing as a moderator of the effect of deferred tax assets and deferred tax liabilities on earnings management. Secondly, the results of this study can make a consideration for tax authorities and regulators in addressing company management actions to minimize the amount of tax paid by utilizing policies according to PSAK. It is worth considering how to sanction companies that deliberately reduce the amount of tax that should be paid. It is necessary to conduct tax investigation by the Directorate General of taxes on companies that are indicated to have practiced accrual earnings management with the aim of reducing the tax burden. Thirdly, accounting policy makers need to consider how management reduces the tax that should be paid through accounting policies that are allowed under PSAK and transfer pricing mechanism.

scholarly journals EMPIRICAL EVIDENCE OF THE ROLE OF ACCOUNTING POLICY ON BOND RATING TO FINANCIAL COMPANIES LISTED IN INDONESIA STOCK EXCHANGE

2018 ◽  
Vol 18 (1) ◽  
pp. 35
Author(s):  
Steacy Chaterine Tan
Keyword(s):  
Empirical Study ◽  
Empirical Evidence ◽  
Stock Exchange ◽  
Bond Rating ◽  
Accounting Policy

<p>The objective of the empirical study is to examine the effect of leverage, liquidity, profitability and accounting policies on bond rating. The sample of this empirical study is financial companies that listed in Indonesia Stock Exchange during 2012-2016. The results of this empirical study shows that leverage affects negatively on bonds rating. While, liquidity, profitability, and accounting policy affect positively on bonds rating.</p><p> </p>

Sun Airlines, Inc.: Financial Reporting of Point and Loyalty Programs

2003 ◽  
Vol 18 (4) ◽  
pp. 359-368
Author(s):  
Mahendra R. Gujarathi ◽  
Ralph J. McQuade
Keyword(s):  
Financial Reporting ◽  
Business Strategy ◽  
Loyalty Programs ◽  
Technical Literature ◽  
Generally Accepted Accounting Principles ◽  
Entry Level ◽  
Market Participants ◽  
Economic Reality ◽  
Accounting Policy

This case presents a multifaceted, decision-oriented context to assess the appropriateness of accounting policy for ensuring a faithful representation of underlying economic reality. It will enhance your: (1) appreciation for the role of judgment in accounting decision making, (2) identification of the appropriate sources of generally accepted accounting principles (GAAP) and their authoritative status, (3) understanding and application of the technical literature, and (4) evaluation of accounting policy in the context of an entity's business strategy and potential reactions of capital market participants. The case serves as a basis for developing the functional, personal, and broad business perspective competencies identified as desirable by the AICPA (1999) for entry-level professionals.

scholarly journals EFFECTIVENESS OF INTERNAL FINANCIAL CONTROL IN BUDGETARY INSTITUTIONS

2018 ◽  
pp. 17-19
Author(s):  
I. Ya. Sayfutdinov
Keyword(s):  
Control Systems ◽  
Financial Control ◽  
Analysis And Evaluation ◽  
Budgetary Institutions ◽  
Theoretical Issues

The article deals with the theoretical issues of the formation of the system of internal financial control carried out by budgetary organizations of our country. The relevance of the evaluation of the effectiveness of internal financial control in budgetary institutions is determined. Given the systematization of the subjects of the evaluation of internal financial controls. The role of the Federal Treasury in the analysis and evaluation of the effectiveness of internal financial control and the preparation of proposals for the improvement of control systems. The main shortcomings and problematic issues on the organization of internal financial control in the budget sector are reflected.

scholarly journals Prospects for the Development of Transport Services in Uzbekistan and the Theoretical Basis for Accounting for Income and Expenses in Enterprises

2019 ◽  
Vol 5 (12) ◽  
pp. 329-335
Author(s):  
I. Bakieva ◽  
F. Temirov
Keyword(s):  
Transport System ◽  
Theoretical Basis ◽  
Road Transport ◽  
Transport Services ◽  
The Republic ◽  
Accounting Policy

The article considers the prospects for the development of transport services in the Republic of Uzbekistan and the theoretical basis for accounting for income and expenses at enterprises. As well as the transport system and the prospects for its development, the role of road transport in the transport system of the republic, the objective need to account for income and expenses at enterprises, the reflection of income and expenses in the accounting policy of the enterprise.

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