Internet Financial Reporting in Local Governments

2020 ◽  
pp. 169-195
Author(s):  
Fábio Rodrigues Magalhães ◽  
Carlos Santos ◽  
Augusta da Conceição Santos Ferreira
Keyword(s):  
Human Resources ◽  
Financial Reporting ◽  
Local Governments ◽  
Comparative Research ◽  
Financial Information ◽  
The Internet ◽  
Political Will ◽  
Adoption Rate ◽  
Local Politicians ◽  
Disclosure Practice

The aim of this transnational comparative research is to analyze if the practice of disclosure of financial information over the Internet by local governments of MERCOSUR countries has been taken into account to increase the transparency of government. To achieve this objective, it was evaluated, for a sample of 374 local governments, the adoption rate and the extent of the practice of disclosure and it was explored, through of interviews, any reasons related to the involvement of local politicians with this practice. The results indicate a limited number of local governments that adopt this practice of disclosure in MERCOSUR, due to the lack of political will, of human resources, and of demand from citizens due to the almost nonexistent adoption of this disclosure practice in Argentina, Uruguay, and Venezuela. Although Paraguayan data have improved substantially, the analysis of the extent of the practice of IFR to ensure comparability with the first study is restricted to local governments in Brazil.

Online Financial Transparency

2016 ◽  
pp. 252-273 ◽  
Author(s):  
Fábio Rodrigues Magalhães ◽  
Carlos Santos
Keyword(s):  
Human Resources ◽  
Local Governments ◽  
Comparative Research ◽  
Public Management ◽  
Financial Information ◽  
The Internet ◽  
Political Will ◽  
Adoption Rate ◽  
Local Politicians ◽  
Disclosure Practice

The aim of this transnational comparative research is to analyze if the practice of disclosure of financial information over the Internet by local governments of MERCOSUR countries has been taken into account to increase the transparency of government. To achieve this objective, we evaluate, for a sample of 374 local governments, the adoption rate and the extent of the practice of disclosure and we explore, through of interviews, any reasons related to the involvement of local politicians with this practice. The results indicate a limited number of local governments that adopt this practice of disclosure in MERCOSUR, due to the lack of political will, of human resources and of demand from citizens. Due to the almost nonexistent adoption of this disclosure practice in Argentina, Paraguay, Uruguay and Venezuela, the study of the extent of this practice was restricted to the Brazil, revealing a small and disparate extension. These results show that the local governments of MERCOSUR have not yet woken up to the potential of the Internet to increase the transparency of public management.

scholarly journals Determinants of Internet Financial Reporting in Indonesian Local Governments

2017 ◽  
Vol 2 (1) ◽  
pp. 101
Author(s):  
Warsidi . ◽  
Wahyu Rizkiyaningsih ◽  
Oman Rusmana ◽  
Sukirman .
Keyword(s):  
Local Government ◽  
Financial Reporting ◽  
Local Governments ◽  
Political Competition ◽  
Total Sample ◽  
Relevant Information ◽  
Positive Influence ◽  
Financial Information ◽  
The Internet ◽  
And Performance

Local Governments are expected to provide relevant information related to their finance and performance to the public through the media that is easily accessible in order to meet the principles of accountability and transparency. The financial information through internet is called IFR (Internet Financial Reporting) which is a combination between the internet multimedia capability and capacity to communicate the financial information interactively. The objective of this study is to empirically examine determinants of internet financial reporting by local government in Indonesia. This study uses five variables there are Political Competition, Size, Dependency, Wealth and Type of Local Government. The sample in this study selected with purposive sampling. Total sample in this study are 130 local governments which contain 97 regency (74,6%) and 33 municipal (25,4%). Analysis method used in this study is multiple liner regression. The result shows that political competition, size and wealth of local government have a positive influence to the internet financial reporting in Indonesia. Two other variables, dependency and type of local government do not significantly affect to the internet financial reporting in Indonesian local goverments.

scholarly journals Do audit committee characteristics of Bahraini listed companies have an effect on the level of internet financial reporting?

2016 ◽  
Vol 13 (3) ◽  
pp. 131-147 ◽  
Author(s):  
Sara AbdulHakeem Saleh AlMatrooshi ◽  
Abdalmuttaleb M. A. Musleh Al-Sartawi ◽  
Zakeya Sanad
Keyword(s):  
Corporate Governance ◽  
Literature Review ◽  
Financial Reporting ◽  
Audit Committee ◽  
Positive Relationship ◽  
Listed Companies ◽  
Financial Information ◽  
The Internet ◽  
Regression Test ◽  
The Relationship

Corporate Governance and IFR are influential topics that need to be addressed nowadays due to its importance. Especially since companies are growing and extending globally. This research is conducted in Kingdom of Bahrain through the year 2014, where it investigates the relationship between Audit Committee characteristics as a tool of CG and IFR. Literature review has been conducted, not to mention Multi-regression test was used to evaluate the relationship between Audit Committee characteristics and IFR for Bahraini listed companies. The results have showed that the relationship between Audit Committee characteristics and IFR is negative, which indicates that the Audit committee characteristics have no influence over the disclosure of financial information over the internet. However, Frequency of meeting of the board and Big4 resulted in a positive relationship with internet financial reporting. The study ends with a main conclusion and recommendation that contain certain steps and advices of disclosing financial information in an appropriate way through the internet in order to improve the relationship between Audit committee characteristics and IFR.

scholarly journals STRATEGI PENINGKATAN KESIAPAN SUMBER DAYA MANUSIA DALAM IMPLEMENTASI AKUNTANSI BERBASIS AKRUAL DI PEMERINTAH KABUPATEN KEPULAUAN SELAYAR

2018 ◽  
Vol 10 (1) ◽  
Author(s):  
Nur Mayani ◽  
A. Faroby Falatehan ◽  
Ekawati Sri Wahyuni
Keyword(s):  
Performance Analysis ◽  
Human Resources ◽  
Human Resource ◽  
Financial Reporting ◽  
Local Governments ◽  
Gap Analysis ◽  
Promotion Policy ◽  
Government Accounting ◽  
The Republic ◽  
The Government

ABSTRACTThe application of Government Accounting Standards in the preparation of financial statements is one indicator of opinion giving by the Supreme Audit Board of the Republic of Indonesia (BPK-RI). Based on the results of BPK RI 2015 examination of 109 local governments in Indonesia, the efforts made by local governments had not been fully effective, where the results of the examination indicated the problems related to policies, information technology and human resources to support accrual-based financial reporting. The Government of Kepulauan Selayar has only implemented accrual-based accounting in the last two years. This study aimed to analyze the performance of the government of Kepulauan Selayar in overcoming the problems related to the human resources of financial report makers as a consideration to setting strategy priorities to increase human resources readiness that supported the implementation of accrual-based accounting using the method of Importance Performance Analysis (IPA) and Gap Analysis. To solve human resource problems required strategies i.e. creating a mutation and promotion policy that supported the accrual-based accounting implementation, creating competency on planning documents and human resource training, making planning documents on education needs and accrual basis accounting training, and financial administration officials must be from the alumni of accounting training.Key words: Accrual-Based Financial Reporting, Kepulauan Selayar, IPA, AHPABSTRAKPenerapan Standar Akuntansi Pemerintahan dalam penyusunan laporan keuangan merupakan salah satu indikator pemberian opini oleh Badan Pemeriksa Keuangan Republik Indonesia (BPK-RI). Berdasarkan hasil pemeriksaan BPK tahun 2015 terhadap 109 Pemda di Indonesia, menyimpulkan bahwa upaya yang telah dilakukan pemerintah daerah belum sepenuhnya efektif, di mana hasil pemeriksaan menunjukkan adanya permasalahan terkait kebijakan, teknologi informasi dan SDM untuk mendukung pelaporan keuangan berbasis akrual. Pemerintah Kabupaten Kepulauan Selayar baru mengimplementasikan akuntansi berbasis akrual dalam dua tahun terakhir ini. Penelitian ini bertujuan menganalisis kinerja Pemda Kepulauan Selayar dalam mengatasi masalah terkait SDM pembuat laporan keuangan sebagai bahan pertimbangan dalam menetapkan prioritas kebijakan yang dapat menunjang implementasi akuntansi berbasis akrual menggunakan metode Importance Performance Analysis (IPA) dan Gap Analysis, dan merumuskan strategi prioritas peningkatan kesiapan SDM dalam implementasi SAP berbasis akrual menggunakan Analytical Hierarchy Process (AHP). Untuk meningkatkan kesiapan SDM memerlukan strategi membuat kebijakan mutasi dan promosi yang mendukung implementasi akuntansi berbasis akrual, Membuat dokumen perencanaan kebutuhan kompetensi dan pelatihan SDM, Membuat dokumen perencanaan kebutuhan diklat penerapan akuntansi berbasis akrual, dan Pejabat Penatausahaan Keuangan Organisasi Perangkat Daerah harus dari alumni diklat akuntansi.Kata Kunci: Laporan Keuangan Berbasis Akrual, Kepulauan Selayar, IPA, AHP.

scholarly journals РОЗКРИТТЯ НЕФІНАНСОВОЇ ІНФОРМАЦІЇ В ЗВІТНОСТІ ПІДПРИЄМСТВ МАЛОГО БІЗНЕСУ

2020 ◽  
pp. 174-182
Author(s):  
Tetyana Gogol ◽  
Vadym Kolotok
Keyword(s):  
Small Business ◽  
Financial Reporting ◽  
Local Governments ◽  
Labor Relations ◽  
Accounting Standards ◽  
Environmental Issues ◽  
Financial Statements ◽  
Financial Information ◽  
Business Reporting ◽  
Do So

The article substantiates the importance of displaying non-financial information to external and internal users of small business reporting and also proves the need to disclose information on human rights and labor relations, anti-corruption activities, interaction with local governments, environmental issues and so on. Accounting standards governing the formation of various types of non-financial statements have been analyzed, together with the indicators which are further disclosed in such reports in order to confirm analytical information. The types of non-financial reporting constituting Ukrainian enterprises have been considered, the composition of indicators appropriate for disclosing to small business enterprises, which are already submitting reports or planning to do so in the future, have been justified.

An Empirical Investigation of Selected Aspects on Internet Financial Reporting in Malaysia

2013 ◽  
Vol 64 (3) ◽  
Author(s):  
Mohd Noor Azli Ali Khan ◽  
Noor Azizi Ismail
Keyword(s):  
Financial Reporting ◽  
Mass Communication ◽  
Investment Decision ◽  
Empirical Studies ◽  
Corporate Image ◽  
Financial Information ◽  
Annual Reports ◽  
Future Research ◽  
The Internet ◽  
Corporate Annual Reports

In this study an attempt is made to provide empirical evidence on the perception of Malaysian preparers and users of corporate annual reports about selected aspects of internet financial reporting (IFR). The perception of preparers and users of corporate annual reports were solicited using a survey mailed questionnaire. The findings of this study suggested three main benefits to companies that engage in IFR are attract foreign investors, promote company wider to the public, and provide wider coverage. The findings also revealed that three main benefits to the users who collect financial information of companies via their website are increases timeliness and efficiency in obtaining financial information, makes investment decision process easier and faster, and provides information for company inexpensively. The outcome of the analysis revealed that three main factors that are perceived as important by responding firms to engage in IFR are enhance corporate image, company teller with the technology development, and competitors in the industry. The findings also suggested three factors that inhibit firms from engaging in IFR are need to keep information update to be of use, required expertise from the company, and concern over security of information. Another important result revealed that global reach and mass communication as the most important advantages from financial reporting on the Internet. Moreover, security problems are the disadvantages of placing financial information on the Internet. Finally, plausible implications of the findings of the study are then presented and areas for future research are also proposed. This study is one of the first empirical studies of the selected aspects of IFR in Malaysia. Taken together, these research outcomes make an incremental contribution to the existing literature by providing useful insights into our knowledge of IFR especially for emerging markets like Malaysia.

scholarly journals Internet financial reporting and disclosure by listed companies: Further evidence from an emerging country

2012 ◽  
Vol 9 (4-3) ◽  
pp. 351-366 ◽  
Author(s):  
Mohammed Hossain ◽  
Mahmood Ahmed Momin ◽  
Shirely Leo
Keyword(s):  
Financial Reporting ◽  
Firm Size ◽  
Stock Exchange ◽  
Listed Companies ◽  
Financial Information ◽  
The Internet ◽  
Firm Age ◽  
Industry Type ◽  
Emerging Country ◽  
Business Complexity

This paper examines the extent of voluntary financial and non-financial information disclosed on the Internet by an emerging country like Qatar. We tested research hypotheses related to the association between company characteristics and the voluntary dissemination of financial and non-financial information on the Internet based on industry type. A total of 42 companies which are listed on the Qatar Exchange (the only stock Exchange in Qatar) were sampled. An ordinary least regression was undertaken to assess whether voluntary dissemination of information on the Internet was related to firm age, size, profitability, complexity, assets in place, and liquidity. Firm size, assets in-place, and business complexity are variables which are significant in explaining the level of internet financial reporting disclosure, whereas age, profitability, and liquidity are not significant.

scholarly journals Factors that Affect the Internet Financial Reporting (IFR) in Banking Sector Companies Listed on the Indonesia Stock Exchange (IDX)

2018 ◽  
Vol 8 (2) ◽  
pp. 175
Author(s):  
Ilham Ridho Maulana ◽  
Luciana Spica Almilia
Keyword(s):  
Financial Reporting ◽  
Firm Size ◽  
Banking Sector ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Information ◽  
The Internet ◽  
Purposive Sampling

Internet Financial Reporting is the disclosure of company’s financial and non-financial information through the company's official website. The format commonly used includes HTML, PDF, XBRL, audio and video. This study aims to examine the effect of firm size, leverage, listing age, profitability, and liquidity on the Internet Financial Reporting. The population in this study is banking sector companies listed on the Indonesia Stock Exchange (IDX) period 2016. The sampling technique used is purposive sampling with SPSS 23, software. The results of this study show that firm size and leverage have an effect on Internet Financial Reporting, but listing age, profitability, and liquidity have no effect on Internet Financial Reporting.

scholarly journals Financial reporting on the internet: the portuguese case

2003 ◽  
Vol 2 (2) ◽  
Author(s):  
Lúcia Lima Rodrigues ◽  
Carlos Menezes
Keyword(s):  
Financial Reporting ◽  
Web Sites ◽  
Information Technologies ◽  
Financial Information ◽  
The Internet ◽  
Company Size ◽  
Paper Version ◽  
Industry Type ◽  
Significant Difference ◽  
Recent Developments

Due to recent developments in information technologies, Portuguese companies are using the Internet to disclose accounting information through their Web sites. After presenting the advantages and eventual risks of this form of financial reporting and literature review, the Web sites of Portuguese listed companies were examined throughout March 2000 to February 2001, to determine which companies present financial information and whether the information provided is summarised, identical to the paper version of the annual report or is more detailed. In addition, we tested if there is significant difference between company size, industry type, overseas listings and the extent of financial disclosure on the Internet. We concluded Portuguese companies are starting to face positively this new way of financial reporting. Concerning the hypotheses tests performed we noticed that, likewise to what is happening in other countries, there is a positive correlation between company size and the existence of Web site and company size and financial information disclosed.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI KEANDALAN PELAPORAN KEUANGAN PEMERINTAH DAERAH DIKABUPATEN WAJO

2021 ◽  
Vol 5 (1) ◽  
pp. 21-31
Author(s):  
Dian Hajra ◽  
Jamaluddin Majid
Keyword(s):  
Human Resources ◽  
Financial Reporting ◽  
Local Governments ◽  
Quantitative Research ◽  
Linear Regression Analysis ◽  
Accounting Standards ◽  
Multiple Linear Regression Analysis ◽  
Public Works ◽  
The Government

This study aims to see whether the quality of human resources, the application of accounting standards and information governance affects the financial reporting of local governments in Wajo Regency. The population of this study were all employees of the financial division of the SKPD in the scope of Wajo Regency, namely the Department of Public Works for Spatial Planning and Land, the Office of Health and the Office of Agriculture and Food Security. This type of research is quantitative research. Collecting data from filling out questionnaires. The data collected were processed using SPSS with multiple linear regression analysis to test the hypothesis. Based on the results of research, the government can ignore that the quality of human resources and the application of accounting standards have a positive effect on regional financial reporting. Meanwhile, the use of information technology has no effect on local government financial reporting. This may be due to the fact that the SKPD is lacking in maximizing the integrated computer system.

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