scholarly journals Developing a regulatory framework for the financial, management performance and social reporting systems for co-operatives in developing countries: A case study of South Africa

2016 ◽  
Vol 16 (1) ◽  
Author(s):  
Gideon Nieman ◽  
Karel Fouché
Keyword(s):  
Financial Reporting ◽  
Financial Management ◽  
Social Performance ◽  
Regulatory Framework ◽  
Social Reporting ◽  
Management Performance ◽  
Reporting Requirements ◽  
Reporting Framework ◽  
Reporting Systems

Purpose: This report is on a team effort to advise the Department of Trade and Industry on the development of a regulatory framework for the auditing of Financial, Management. Performance and Social Reporting Systems for co-operatives. Orientation: There was no framework in place prescribing requirements for reporting on financial, management and social performance of co-operatives. As a result, the team assisted the Department of Trade and Industry with the development of a proposed reporting framework with reference to international best practices and existing financial reporting frameworks. Findings: The research performed showed that existing reporting frameworks and practices do not meet the reporting requirements of co-operatives in all aspects because of the different nature of co-operatives as opposed to shareholder-owned entities.

scholarly journals Pengelolaan Keuangan Desa : Studi Pada Desa Ploso Kecamatan Jombang Tahun Anggaran 2012-2016

2019 ◽  
Vol 2 (2) ◽  
pp. 119
Author(s):  
Andrianto - Andrianto
Keyword(s):  
Financial Reporting ◽  
Financial Management ◽  
Qualitative Method ◽  
Financial Statement ◽  
Research Implementation ◽  
Study Approach ◽  
Interview Method ◽  
The Village ◽  
Computerized System

With the enactment of Law No. 6 of 2014 on villages, it is desirable that in the management of the village, especially in the management of its finances, it can be done accountably and responsibly. This study aims to identify the financial management of the village along with the problems associated with the management of village finances conducted in the Village Ploso Jombang. This research uses qualitative method with case study approach, where most of the research implementation mostly use observation and interview method. The results show that in the management of village finances there are main issues that is the lack of knowledge of village head and its officials in the management of budget and village finances. This research proposes the existence of computerized system accompanied by training and guidance of village financial management from local government apparatus, so it is expected that village financial reporting can be done by fast process and with output of accountable and accountable financial statement.

The role of the Troika on the Greek central government accounting reforms

2018 ◽  
Vol 31 (3) ◽  
pp. 316-330 ◽  
Author(s):  
Sandra Cohen ◽  
Sotirios Karatzimas
Keyword(s):  
Financial Reporting ◽  
Financial Management ◽  
Central Government ◽  
Case Study Research ◽  
Extreme Case ◽  
Resource Dependency ◽  
Reform Process ◽  
Content Type

Purpose The purpose of this paper is to explore the role of the Troika’s advent played in the progress of the budgeting and the financial reporting systems reform at the Greek central government level. Design/methodology/approach The approach of an extreme country case study is adopted. The data used in the paper have been identified through document analysis performed on the relevant documents produced by the Troika, the Greek Ministry of Finance, and other relevant sources. The reform process is seen through the lens of the neo-institutional theory and the resource dependency theory. Findings Although both reforms targeted the introduction of best international practices – particularly useful in periods of financial distress and scarce resources – the advent of the Troika affected their progress and changed the priorities. As a result, the reform was redirected toward strengthening the cash budgeting system. Research limitations/implications The study is subject to the limitations of an extreme case study research. Practical implications This is a case where resource dependency changes political priorities and directions and affects the evolvement of state budget and accounting reforms under way. Originality/value The role of external fund providers in public sector financial management reform priority-setting, in the case of a developed Eurozone country, is analyzed. The study contributes to the research agenda on accounting practices in times of austerity.

scholarly journals A balanced paradigm of higher education in the context of integrated reporting – academic teachers’ perspective

2019 ◽  
Vol 2019 (103 (159)) ◽  
pp. 23-38
Author(s):  
Katarzyna Chłapek ◽  
Sylwia Krajewska ◽  
Krzysztof Jonas
Keyword(s):  
Financial Reporting ◽  
Basic Research ◽  
Accounting Education ◽  
Synthesis Methods ◽  
Integrated Reporting ◽  
Reporting Requirements ◽  
Complex Process ◽  
Reporting Framework ◽  
Academic Teachers ◽  
Further Development

Integrated reporting is a complex process of creating and presenting information about an enterprise's activities that significantly exceeds the traditional financial reporting framework. Difficulties in the preparation of non-financial information and ensuring its high quality imply changes in the teaching model. The aim of this study is to examine the opinion of academic teachers on the content and teaching methods used in the context of their adaptation to integrated reporting requirements. According to the authors, only the combination of hard and soft skills in accounting teaching will allow further development of integrated reporting. The basic research methods used to verify this hypothesis are surveys and literature studies, as well as formulating conclusions on the basis of the deduction and synthesis methods. The conducted research indicates the need for modification of accounting education to adapt it to market requirements.

scholarly journals Financial Qualitative Research: A Comprehensive Guide for Case Study usage

2019 ◽  
Vol 3 (4) ◽  
pp. 106-116
Author(s):  
A. Moskovicz
Keyword(s):  
Qualitative Research ◽  
Financial Markets ◽  
Financial Reporting ◽  
Financial Management ◽  
Qualitative Approach ◽  
Use Case ◽  
Boundary Area ◽  
Tel Aviv ◽  
Case Based

Authors: Abraham (Abi) Moskovicz PhD, University of Bolton, U.K.; MBA Universidad de Santiago, Chile; BA Tel Aviv University, Israel Pages: 106-116 DOI: http://doi.org/10.21272/fmir.3(4).106-116.2019 Download: Views: Downloads: 49 12 Abstract Though case study based research is not uncommon in managerial and organizational accounting studies, case based research in the field of finance is pretty unusual. Must be recognized that the boundary area between the companies’ executives, the managers of the financial funding institutions, the expert’s analysis, and the financial press; is the source of many discussions in the related fields of financial management, financial reporting, and even concerning the functioning of the financial markets. It should be noted that accounting and finance academics operate primarily as one academic body in the U.K. The accounting academics have long been sympathetic to a qualitative research tradition. In addition, within a European context, many research traditions are evident. This has meant that there has been a supportive climate in the U.K. and Europe for a qualitative approach to finance and accounting related research. The purpose of this guide is to encourange researchers in the financial and the management fields to use case study basis on their work, showing the advantages of it, and to provide some tips on how this could be better executed. Keywords: financial qualitative research, case study basis.

A Review of Third Sector Reporting Frameworks

2019 ◽  
pp. 26-45
Author(s):  
Belinda Luke
Keyword(s):  
Financial Reporting ◽  
Resource Constraints ◽  
Third Sector ◽  
General Purpose ◽  
Social Enterprises ◽  
Social Reporting ◽  
Limited Resources ◽  
Third Sector Organizations ◽  
Reporting Framework ◽  
Dual Objectives

The need for social reporting in third sector organizations is widely acknowledged. However, there is little agreement on how best to approach this. While various social reporting frameworks are available, the resource constraints (primarily time and money) of third sector organizations such as social enterprises, many of which are small or micro enterprises, are often overlooked in the development of these frameworks. Accordingly, the purpose of this chapter is to review the appropriateness of available social reporting frameworks, in view of social enterprises' hybrid nature and often limited resources. Borrowing from the discipline of accounting, fundamental financial reporting concepts and principles are considered, underscoring the need for a general-purpose reporting framework appropriate for social enterprises' dual objectives, limited resources, and their diverse range of stakeholders.

scholarly journals Towards Relevancy In Financial Reporting: Mark-To-Market Accounting

2011 ◽  
Vol 14 (2) ◽  
pp. 33 ◽  
Author(s):  
Eunsup "Daniel" Shim ◽  
Joseph M. Larkin
Keyword(s):  
Financial Reporting ◽  
Market Value ◽  
Financial Statements ◽  
Relevant Information ◽  
Historical Cost ◽  
Reporting Practices ◽  
Reporting Requirements ◽  
Economic Reality ◽  
The Impact

<span>The objectives of this paper are to: discuss the relevancy vs. reliability of current financial reporting practices, survey the literature that describes the impact of mark-to-market accounting, and critically examine current CAAP financial statements by comparing them to market value financial statements. With theoretical discussions and a case study, this paper shows that the mark-to-market accounting could present better about the economic reality of transactions, and therefore, tends to provide more useful and relevant information than does historical cost financial reporting. This study suggests that if the object of financial reporting is to provide useful information to the users, existing GAPP financial reporting requirements need to be substantially changed in the direction of market value financial reporting.</span>

Popular Financial Reporting

2020 ◽  
pp. 129-175
Author(s):  
Paolo Pietro Biancone ◽  
Silvana Secinaro ◽  
Valerio Brescia
Keyword(s):  
Financial Reporting ◽  
Close Correlation ◽  
Financial Information ◽  
The Other ◽  
Social Utility ◽  
Social Reporting ◽  
Information Governance ◽  
The City ◽  
Public Bodies

The study intends to investigate the possibility of adopting popular financial reporting with a view to greater transparency, accountability, and sharing of results with stakeholders, and responding with this tool to requests for non-financial information. Governance and stakeholders often see a close correlation, and this is what gives rise to the need for non-financial information introduced by Directive 2014/95/EU. The answer to this need for transparency towards stakeholders arises first with the corporatization of public bodies, companies, and social utility bodies; then with the introduction of accounting harmonization within a rational accounting process. The research highlights the relevant aspects and approaches of popular financial reporting, assessing their compliance with the needs of the company, the needs of the stakeholders, and the needs of non-financial information to be considered quality after having analysed the other social reporting tools through the case study of the city of Turin.

ANTE-BELLUM BANK ACCOUNTING — A CASE STUDY: The New Orleans Savings Bank In The 1830s

1987 ◽  
Vol 14 (2) ◽  
pp. 19-39
Author(s):  
Joseph R. Razek
Keyword(s):  
New Orleans ◽  
Financial Reporting ◽  
Reporting System ◽  
Financial Institution ◽  
Accounting System ◽  
Antebellum Era ◽  
The People ◽  
Savings Bank ◽  
Reporting Systems

This is a case study of the history, operating practices and financial reporting system of an antebellum-era financial institution. The New Orleans Savings Bank, which served the people of Louisiana from 1827 to 1842, was founded as a philanthropic endeavor and is an example of altruistic capitalism — as it was practiced in the nineteenth century. This institution is of particular interest to accounting historians because it maintained a relatively sophisticated accounting system which was, in many respects, similar to financial reporting systems in use today.

scholarly journals PECULIARITIES OF ORGANIZATION OF THE ACCOUNTING PROCESS IN BANKING INSTITUTIONS OF UKRAINE

2021 ◽  
Author(s):  
Roman Sydorenko
Keyword(s):  
Financial Reporting ◽  
Financial Management ◽  
Balance Sheet ◽  
Regulatory Framework ◽  
Accounting Data ◽  
Currency Exchange ◽  
Banking Institutions ◽  
Banking Institution ◽  
Key Aspects ◽  
Accounting Policy

The article considers the specifics of accounting in domestic banking institutions. The organization of the accounting process in banks is regulated by both domestic accounting regulations and international accounting and financial reporting standards. Based on the analysis of the current regulatory framework, the key aspects of the activities of financial institutions, which should be taken into account when developing the accounting policy of such entities. Business operations that are typical only for banking institutions are credit and deposit operations, currency exchange operations, securities operations, etc. An important difference is also the use of own chart of accounts, which has many significant differences compared to the chart of accounts of enterprises and organizations: taking into account the specifics of banking, a combination of active and passive accounts in one class, allocation of management accounts postings with off-balance sheet accounts by double entry. The accounting policy of a banking institution is an element of regulation of the bank's accounting. Based on the current regulatory framework, it must ensure the effective functioning and interaction of financial, management and tax accounting of the bank. The main purpose of each of these types of accounting is to provide complete, unambiguous, reliable and unbiased information to users about the state of the institution and the results of its activities. The main goal of the bank's accounting policy should be to find ways to reduce the burden on accounting staff by minimizing and simplifying the number of accounting actions and procedures that they need to perform. However, such simplification should not lead to non-performance of part of their duties, late performance or errors in actions (calculations). The principles of accounting, a single methodological basis, the relationship of synthetic and analytical accounting data, chronological and systematic reflection of all business transactions in primary documents, the formation of indicators necessary for bank management and reporting must be observed. The bank's accounting policy is regulated by an internal regulatory document – "Regulations on the bank's accounting policy", which is approved by the bank's board. The accounting policy is subject to mandatory change if the accounting legislation changes and if the reliability and relevance of the reporting information is increased.

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