scholarly journals The Strange Case of Inventories In Italy. For The Tax Authorities, The Final Inventories of One Year Are The Opening Inventories of The Following Year. Still, The Opening Inventories of One Year Are Not The Final Inventories of The Previous Year. Mystery.......

2021 ◽  
Vol 04 (07) ◽  
Author(s):  
Maria Silvia Avi ◽  
Keyword(s):  
Financial Reporting ◽  
Basic Principles ◽  
Business Economics ◽  
Financial Reports ◽  
Financial Report ◽  
Opposite Case ◽  
The Past ◽  
Court Of Justice ◽  
The Supreme Court ◽  
One Year

The principle of continuity in financial reporting is a fundamental element in the preparation of financial reporting. The final amounts of a financial report are, by definition, the opening amounts of the following year. Of course, the reverse is also true. The opening values of one year represent the closing values of the previous year. In Italy, this principle is only half applied in taxation. It applies to the future (i.e. the following year) but does not apply to the past (i.e. the previous year). Of particular interest is the position of the Italian Court of Cassation, i.e. the highest court of justice, which applies this principle of "lame continuity" in its judgments. Despite the astonishment of scholars, the Court of Cassation continues to consider that the final inventories of one year represent the initial inventories of the following year but does not accept as an obligation the opposite case. Only time will tell if it will resolve this dispute between the Supreme Court and the basic principles of business economics regarding financial reports.

scholarly journals Workshop Pembuatan Laporan Keuangan Dasar Organisasi Nirlaba untuk Santri Lembaga Kesejahteraan Sosial Anak (LKSA) Nurul Iman

2021 ◽  
Vol 2 (2) ◽  
pp. 108-116
Author(s):  
Dede Mustomi ◽  
Asep Dony Suhendra ◽  
Khoirul Ulum ◽  
Maria Lapriska Dian Ela Revita
Keyword(s):  
Community Service ◽  
Financial Reporting ◽  
Positive Impact ◽  
Main Theme ◽  
Study Program ◽  
Financial Reports ◽  
Non Profit ◽  
Financial Report ◽  
Non Profit Organizations ◽  
Welfare Institution

ABSTRACT Financial reports for an organization are very fundamental. This is a form of transparency for the finances of an organization, especially for non-profit organizations such as the Child Social Welfare Institution (LKSA Nurul Iman) which is a community service partner this time. We from the Business Administration Study Program, Faculty of Economics and Business, Bina Sarana Informatika University held a community service with the main theme being a Workshop on Making Basic Financial Reports for Non-Profit Organizations for Students of the Child Welfare Institution (LKSA Nurul Iman). The main problem why we raised this theme is because LKSA Nurul Iman touches more on programs that are religious in nature, even though the challenges ahead are more difficult and global so that teenagers who are currently studying must be given general knowledge, one of which is understanding financial reporting. Departing from these problems, we provide a solution in the form of a financial report preparation workshop, where we will describe the steps for making financial reports that are easily understood by their age. The method we use in community service this time is in the form of a workshop by providing examples of how to make basic financial reports and immediately put them into practice so that participants can absorb the material provided. The implementation of community service this time is still online using the Zoom application. The use of the Zoom application is due to the pandemic that has not ended and is still PPKM level 2. The output achieved in this community service is in the form of a Press Release which will be published in online media. Hopefully this activity will have a positive impact where the skills gained can be used in the future for the benefit of the Foundation and become provisions when they apply for jobs or establish an organization.

The Conception of Law and Legal Research

2015 ◽  
Vol 43 (1) ◽  
pp. 50-52
Author(s):  
Matías Bailone
Keyword(s):  
Supreme Court ◽  
Scientific Research ◽  
Legal Research ◽  
The Past ◽  
Research Programs ◽  
Court Of Justice ◽  
The Supreme Court ◽  
Research Institute

The area of Research at the Research Institute and Foreign Reference of the Supreme Court of Justice has developed two scientific research programs during the past five years which we want to mention and comment on briefly. Both investigations were proposed, directed and supervised by Dr. Eugenio Raul Zaffaroni, one of the Supreme Court Justices on whom the whole structure depends.

scholarly journals Peningkatan Kapasitas Pelaporan Keuangan Bumdesa Gesang Sejahtera Desa Gesang Kecamatan Tempeh Kabupaten Lumajang

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Moh. Hudi Setyobakti
Keyword(s):  
Financial Reporting ◽  
Financial Management ◽  
Financial Statement ◽  
Financial Reports ◽  
Transportation Services ◽  
Financial Report ◽  
Management Capability ◽  
Village Government ◽  
Financial Administration ◽  
The Village

Business Unit of Village Unit or Bumdesa is mandate of Law no. 6 Year 2014 on the Village. The establishment of BUMDesa is an effort to accommodate all activities in the field of economy and / or public services managed by the village and / or inter-village cooperation. The regulation on BUMDesa is regulated through Village Regulations. Bumdesa Gesang Sejahtera was established in 2017, with a legal umbrella of village law. The effort developed by Bumdesa is based on the potential of agriculture and other sectors that have become embryos before. Businesses managed by Bumdesa include; (1) agriculture with organic rice production and fertilizer business, organic agricultural medicine, (2) waste transportation services, (3) HIPPA water service. The problem faced by Bumdesa Gesang Sejahtera as a partner is not yet optimal financial management Bumdesa, which consists of planning, implementation, administration and financial accountability. The pressing issue is financial administration, where Bumdesa has not been able to present financial reports and report to the Village Government. Devotion is done, is training and mentoring activities on (1) standardization of financial format, (2) process of preparation of financial statement, (3) OJT prepare financial report. The output of this devotion is the management capability for the operational operators in the process of administration and financial reporting Bumdesa covers the aspects of cognitive, psychomotor and affective.

scholarly journals Historical Account of Key Words in Non-Financial Report Titles (A review of FT 500 corporations from 1989 to 2007)

2010 ◽  
Vol 4 (2) ◽  
pp. 136 ◽  
Author(s):  
Caroline D Ditlev-Simonsen
Keyword(s):  
Key Words ◽  
Financial Reporting ◽  
Historical Account ◽  
Financial Reports ◽  
Financial Report ◽  
History Of ◽  
Alternative Theories

This paper investigates the history of, and trends in, non-financial reporting, based on title analysis. The database consists of the titles of non-financial reports issued by FT 500 corporations from 1989 to 2007. The frequency and development of the three key words environment, <br />sustainability and responsibility (coded as “environment”, “sustainab” and<br />“responsib” to catch relevant versions) are investigated.  The key words were initially applied by a few companies, and then grew in popularity. While “sustainab” and “responsib” are still growing in popularity, “environment” grew, peaked around 2002 and then reduced in frequency as a term in the titles. Based on business theories, the paper discusses alternative explanations for why corporations introduced the new key words in their non-financial reports. Whereas issuing non-financial reports can be understood from a legitimacy perspective, the introduction of new key words in the titles can be explained by a multitude of alternative theories. <br /><br />

scholarly journals Startup Bisnis Sebagai Alaternatif Investasi

2019 ◽  
Vol 10 (2) ◽  
pp. 81-96
Author(s):  
Ika Yanuarti ◽  
Helena Dewi
Keyword(s):  
Stock Price ◽  
Net Present Value ◽  
Intrinsic Value ◽  
Cash Flows ◽  
Discounted Cash Flow ◽  
Investment Activity ◽  
Financial Reports ◽  
Financial Report ◽  
One Year ◽  
Real Assets

Abstract   The main purpose of the investment activity is to obtain profits for both the company and the investor. To generate profits for investors, the company requires initial capital to manage its operational to do business. In general, investors will make investment decisions based on the intrinsic value of the company or based on the growth of the company’s profitability from the previous period. To measure those reference, investors needs historical data of financial reports as a baseline to calculate and for comparison. The barriers for startup companies are the lack or unavailability of historical financial data due to the age of startups more likely in the early stages (less than or equal to one year). This research uses the method of discounted cash flows based on the company's financial report. The rates of return to discount the cashflow are based on return from real assets, such as gold and property and stock price as financial asset. The result shows that the company is good enough to be one of investment alternative since its net present value is positive for all rate of return and its payback period is relatively short.   Key words Discounted Cash flow, Intrinsic Value, Startup Company, Angel Investors  

Kidnapped in Buenos Aires

1977 ◽  
Vol 6 (4) ◽  
pp. 22-29 ◽  
Author(s):  
Enrique Rodriguez Larreta
Keyword(s):  
United Nations ◽  
Buenos Aires ◽  
The Other ◽  
Habeas Corpus ◽  
Security Forces ◽  
Amnesty International ◽  
The Past ◽  
Court Of Justice ◽  
Student Leader ◽  
The Supreme Court

For two months they had maltreated me, tortured me, kept me handcuffed and blindfolded; I had eaten badly, slept on the floor covered with just a filthy blanket and had no news about my family, who in turn must have thought me dead-all this without being accused of any crime.' This is how Enrique Larreta sums up his terrifying ordeal at the hands of the Argentinian and Uruguayan security forces in the summer and autumn of last year. A 55-year-old journalist with an unblemished record and no political involvement of any kind, he went to Buenos Aires in July 1976 to search for his son, who had disappeared. The son, also a journalist, 26 years old and married with a five-year-old child, had been living in Argentina for the past three years. He had been a student leader in Uruguay and was arrested by the Army in 1972, held incommunicado for nine months, interrogated and tortured, before being released as there was no evidence against him. Until his disappearance he had worked for the Buenos Aires newspaper, El Cronista Comercial. Enrique Larreta joined his daughter-in-law in attempting to trace the missing journalist and to secure his release. On 2 July he presented a writ of habeas corpus, requesting the court that the police, the Ministry of Defence, the Ministry of the Interior, and the other security forces be asked about his whereabouts. A few days later he was told that the authorities had no record of his son and that he had not been detained. Enrique Larreta then contacted a number of organisations, including the United Nations High Commission for Refugees, the Episcopal Council, and Dr Abelardo Rossi, a member of the Court of Justice. Everyone assured him of their sympathies but said they were unable to help. A member of the Supreme Court pointed out that on the same day over six thousand writs of habeas corpus had been received in cases similar to his. Undeterred, he wrote letters to various individuals and institutions, and he publicised his son's disappearance in Buenos Aires newspapers. What follows is an abbreviated version of Enrique Larreta's statement, which he made at the London offices of Amnesty International during his visit to England in March this year.

Challenges to the Users of Financial Reports Constructed Using Multiple Measurement Bases: A Review of the IASB’s Conceptual Framework for Financial Reporting

2017 ◽  
Vol 7 (2) ◽  
pp. 172
Author(s):  
Mohammed Riaz Azam
Keyword(s):  
Financial Performance ◽  
Conceptual Framework ◽  
Financial Reporting ◽  
Financial Reports ◽  
Multiple Measurement ◽  
Financial Report ◽  
Eclectic Approach ◽  
High Degree ◽  
Measurement Base ◽  
Measurement Bases

The IASB’s conceptual framework for financial reporting identifies multiple measurement bases and concludes that an entity may employ more than one measurement base in constructing the financial reports. The framework further clarify situations as to how the preparers will proceed in constructing the entity’s financial report where the preparers are satisfied that a piece of information is relevant to the users of financial reports, but is subject to a high degree of measurement uncertainty. The purpose of this paper is to critically evaluate the choice of multiple measurement bases in the conceptual framework and highlight the challenges posed to a user of financial reports who seeks to obtain insights into an entity’s financial performance and position through reading reports constructed using an eclectic approach to measurement.

scholarly journals Response to the GASB Invitation to Comment on Financial Reporting Model Improvements—Governmental Funds (Project No. 3-25I)

2018 ◽  
Vol 7 (1) ◽  
pp. 87-96 ◽  
Author(s):  
Dara Marshall ◽  
Mary L. Fischer ◽  
Renee Flasher ◽  
Amy Foshee Holmes ◽  
Carol M. Jessup ◽  
...  
Keyword(s):  
Financial Reporting ◽  
Current Model ◽  
Data Availability ◽  
Time Dimension ◽  
Operating Cycle ◽  
Financial Reports ◽  
Governmental Accounting ◽  
Term Model ◽  
Near Term ◽  
One Year

ABSTRACT The Governmental Accounting Standards Board (GASB) has been actively engaged in the process of making improvements to the financial reporting model to provide more useful information to the users of the financial reports of governmental entities. The GASB proposed three recognition approaches to replace the current financial resources reporting model for governmental funds. The three approaches vary along a time dimension. The “near-term” model is the most similar to the current model with a specified reporting period of 60–90 days. A “short-term” model extends the transaction reporting to be the government's one-year operating cycle. Finally, a “long-term” model would report both current and noncurrent assets and liabilities for governmental funds. Data Availability: Details regarding the GASB project can be found on its website at: https://www.gasb.org/jsp/GASB/Document_C/GASBDocumentPage?cid=1176168729663&acceptedDisclaimer=true.

scholarly journals Penerapan Zahir Accounting Versi 5.1 Dalam Penyusunan Laporan Keuangan Pada PT. Citarum Borneo Quantum

2019 ◽  
Vol 6 (1) ◽  
pp. 29-38
Author(s):  
Dian Indah Sari
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Financial Reports ◽  
Financial Report ◽  
History Of ◽  
Individual Entity ◽  
Observation Method ◽  
Financial Transactions ◽  
A Company ◽  
Computerized System

Abstract – Manually accounting processing has more risks than using a computerized system, because accounting requires a confidential database so all existing transactions are related to the finances of a company or individual entity. For example, in the simplest case, which is journal entry, it often occurs double input with the same number or voucher code for different transactions. This has an impact on the normal balance and financial statements that will be made. In order to collect data to fulfill the preparation of this application program, the authors conducted several ways, namely: Observation Method, This method is done by the author is to directly visit the location of the company and collect accounting transaction evidence and observe the process that has been running, so that the author can apply it to Zahir Accounting. Interview, the author conducted interviews with employees of PT. Citarum Borneo Quantum to obtain information on the history of the company, the process of recording accounting transactions from capital, sales, purchases, and financial statements. Library Study Method, carried out by reading books related to accounting transactions and related to the material of Programming Using Zahir Accounting Version 5.1. Based on the results of the discussion it can be concluded as follows: Application of Zahir Accounting Version 5.1 in preparing financial statements will produce computerized financial reports. The company was greatly helped by the application of Zahir Accounting Version 5.1 because it recorded financial transactions and financial reporting quickly, accurately and efficiently.Keywords: Zahir, Accounting, Financial Report

scholarly journals EVALUASI PENYAJIAN LAPORAN KEUANGAN DINAS PEKERJAAN UMUM KOTA BITUNG BERDASARKAN PENERAPAN PERATURAN PEMERINTAH NO. 71 TAHUN 2010

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Frenly Rombebunga ◽  
David P. E. Saerang ◽  
Novi Swandari Budiarso
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Study Data ◽  
Public Works ◽  
Accounting Standard ◽  
Financial Reports ◽  
Financial Report ◽  
Governmental Accounting ◽  
Government Accounting ◽  
Analysis Technique

The purpose of this study is to determine whether the presentation of financial reports Municipal Public Works Bitung has been in accordance with Governmental Accounting Standard PP. 71 Year 2010. Type of research conducted is a case study. Data were obtained by interview, observation and documentation. The data taken is the history and development of agencies, agency goals, organizational structure of agencies, geographic conditions and boundaries, vision and mission of the institution, as well as Financial Reports Public Works Department of Bitung City. The analysis technique used is descriptive explorative analysis technique. The steps used in this study is to collect the required data, and then compare the financial report of Bitung City Public Works Department with the financial statements in accordance with the presentation of financial statements based on Governmental Accounting Standard PP. 71 Year 2010. The results showed that the Public Works Department of Bitung City has applied Standa r Accounting Government PP. 71 Year 2010, although not yet optimal, because there are some points that are still incomplete in financial reporting such as Balance Over Change Budget Report (SAL). From twenty-three paragraphs regulating the financial report of Bitung City Public Works Department there are twenty paragas that have been in accordance with Governmental Accounting Standard PP. 71 of 2010. Three paragraphs that have not been applied are included in the Budget Breakdown of More Budget Changes (SAL) report.Keywords: Government Accounting Standards, Department of Public Works, Financial Statements

Sign in / Sign up

Export Citation Format

Share Document