Accounting for crypto-assets: stakeholders’ perceptions

Purpose The purpose of this paper is to analyse stakeholders’ perceptions on the accounting of crypto-assets. They also look at the need to amend/clarify existing accounting standards or develop new accounting standards. Design/methodology/approach The authors use a qualitative approach featuring interviews with four stakeholder groups including academics, professional bodies, standard setters and accounting practitioners. Interview recordings are transcribed and then analysed through NVivo. Findings The interviewees identify various issues in the application of current accounting standards to crypto-assets. The interviewees perceive that the rapid development of crypto-assets and fluidity hinder the development of accounting guidance. Hence, continuous monitoring by standard-setters is required. The general consensus is that unless there are crypto-assets with economic characteristics and functionality that are pervasive enough to warrant a new accounting standard, principles of current accounting standards are robust to address gaps in accounting requirements for crypto-assets. Originality/value This study adds to the discussion on harmonising the current practices in accounting of crypto-assets. By examining perceptions of multiple stakeholder groups, this study provides insights into the applicability of current accounting standards to the classification, measurement and disclosure of crypto-assets. The findings will inform standard setters and aid their efforts towards providing formal guidance on the accounting of crypto-assets.

The implementation of AIS and financial performance: empirical study in selected Jordanians banking institutions

This article presents a reflection on the role of current Accounting Information Systems on financial performance in Jordanian banking sector. The study is based on primary data collected through a structured questionnaire. The data were analyzed using Multipleregression analysis. The results indicated a significant impact of (SVQ) Service Quality, (IFQ) Information Quality, and (SYQ) System Quality on financial performance. Whilst showed no significant effect of (DQ) Data Quality on financial performance. The effectiveness of the accounting information system also improves the financial performance of banks. In light of the findings, this study suggests the management to establish better strategies that can ensure the effectiveness and efficacy of AIS. The findings would be valuable for academic researchers, managers and professional accounting to acquire a better vision of the AIS by testing the phenomenon in Jordan as a developing country This study is only conducted in Jordan as a developing country. Future research can be orientated to other national and cultural settings and compared with the results of this study.

Current determinants of the national accounting system transformation in Iraq

The article examines the most relevant issues of the external and internal factors’ influence on the accounting current development in Iraq. Historically, Iraq’s accounting system has been shaped by cultural traditions, religion, economic development and political trends over a long period, from ancient times to the present. Its origins date back to the Sumerian kingdom and before the overthrow of the S. Hussein regime. At present, not only national priorities but also global accounting trends have changed. Being formed in parallel with the development of the Republic of Iraq, the current accounting system is not oriented towards the requirements of International Financial Reporting Standards. In order to identify the current determinants of the national accounting system development, the actual model features and the conditions for consolidation with international standards have been analysed. The main directions of accounting harmonisation in the Republic of Iraq towards the international standards integration into the national system have been identified. The main steps of the transformation of national standards to international standards have been presented.

Accounting treatment of joint operations in Brazil in light of the current accounting standards

ABSTRACT The aim of this paper was to analyze the accounting treatment used by companies in Brazil that have investments in joint operations, in light of the Brazilian and international accounting standards. There are no doubts about the accounting treatment to be used in consolidated statements, but a divergence was identified between the international and Brazilian standards in relation to individual statements. IFRS 11 determines that investors recognize the values of a joint operation proportionally in consolidated and separate statements. However, the Brazilian standard includes a paragraph determining that only joint operations with no legal personality can be measured in individual statements proportionally. CPC 19 foresees different accounting treatments depending on the legal form of the joint operation, omitting the accounting treatment to be used in joint operations with a separate vehicle. The topic of joint operations is relevant, as the accounting treatment used in Brazil can mean our accounting practices do not comply with the international ones. Besides contributing to the literature on joint businesses, this essay indicates to regulatory bodies the need to modify the Brazilian standard so that it fits the international ones. As well as discussing the current standard, an analysis was carried out of companies in Brazil that have joint operations and the respective accounting treatments used to infer how well they fit the international standards. The results indicate that the accounting statements of the companies in Brazil with joint operations, composed through a separate vehicle, do not comply with the international standards. The main contribution of this essay is that it draws the attention of companies, auditors, and regulators to this non-compliance.

Road Asset Management Assessment

Albanian Road Authority (ARA) under the administration of the Ministry of Energy and Infrastructure. It is responsible agency for the process of construction and maintenance of national and regional roads. Albanian Development Fund (ADF) is the agency for construction of rural and regional road infrastructure, also training for maintenance and management of municipalities responsible for maintenance of the urban and rural roads. ARA and ADF are using public funds for the construction of road infrastructure network, so due to restriction budgetary in road maintenance they the need to develop a strategy for the management and financial of maintenance, based on current accounting principles and efficiency of public funds in order to ensure safety and cost saving users. This includes the use of a balance of investments made to launch a database for years and the development of basic documents for the planning and control of public spending in these activities. The question that arises and requires an analysis is: a generally accepted value will be calculated for the infrastructure during its useful life, using the principles of sound accounting and valuation of real estate activities internationally applied. The results show that the existing accounting standards are suitable for use in infrastructure management, allowing a better control of public spending on infrastructure, while the principles of technical assessment of public infrastructure assets require the creation of a database and inventory for all road classification.

Trinity: Accounting education from a Christian perspective

This study aims to explore accounding educatos’ consciousness and understanding regarding accounting education from the perspective of Christian spiritual intelligence. Accordingly, we use a phenomenological approach as the research method. Data is generated through conducting in-depth interviews using epoche to several informants (lecturers of a university in Palangkaraya, Central Kalimantan Province). Data is then analyzed using the transcendental phenomenology approach. The results demonstrate that each informant has spiritual intelligence or divine consciousness. They also expect that these divine or spiritual values can be integrated into current accounting education to enable future accounting graduates not to be misguided when entering the professional lives and applying their knowledge. We also find three (3) values or meanings contained in Christian spiritual values, namely: fear of God, integrity (a reflection) of God, and heaven. Accountants will exhibit these three values if their education already have divine or spiritual values. In sum, our study underscores the importance of integrating spiritual values into the existing courses, not only ethics-related ones, but also accounting-related ones.

Damping estimation using free decays response in short telecom structures

The constant changes to which telecommunications have accustomed us in recent decades oblige a similar adaptation in other branches of engineering. Structures such as monopoles and short lattice towers are becoming increasingly wind-sensitive and dynamically active with the introduction of 5G technology, which will require new larger and heavier antenna equipment. Expert consultants agree the need to revise the current accounting for structural damping that has not changed in design codes after more than 30 years. A complete set of full-scale field tests is presented to obtain reliable structural damping values in short communications structures. The described methodology analyses free-decaying responses obtained after excitation of the main analysed cantilevered modes in the time domain. A standardized acquisition system based on local accelerometers and an external innovative system using the Video GaugeTM system are required to obtain the desired responses, which use curve-fitting and the eigensystem realization algorithm to estimate modal properties such as the corresponding modal structural damping. The results obtained using the presented methodology agree on higher values of structural damping for both damping estimators and perfectly converge with consultant feedback, which suggested over-conservative (i.e. low) values of structural damping as compared to the conventional values used in civil engineering.

Sustainability and accounting education: perspectives of undergraduate accounting students in Saudi Arabia

PurposeThe purpose of this study is to explore undergraduate accounting students' perceptions and understanding of the concept of sustainable development. Moreover, this study aims to explore students' perceptions of the integration of sustainable development issues in accounting education in Saudi Arabia as an emerging country.Design/methodology/approachA questionnaire survey was administered to a sample of accounting students from four Saudi universities. The questionnaire contained five groups of questions aimed at exploring the extent of students' awareness and understanding of the concept of sustainable development, their perceptions of the importance of sustainable development for society, their perceptions of the important role of accounting in sustainable development, their satisfaction with the level of integrating sustainable development issues in accounting education at the present time and their opinions about the appropriate approach to integrate sustainable development issues in accounting education.FindingsThe findings of the study revealed that although most of the students have heard about the concept of sustainable development from the media and perceive the importance of sustainable development for society, they have a low level of understanding of this concept due to the apparent weakness in integrating sustainable development issues in accounting education in Saudi universities. Students were unsatisfied with the sustainable development learning offered by Saudi universities. They also showed a positive attitude toward integrating sustainable development issues in their accounting education. They suggested that the appropriate approach to integrate sustainable development issues in accounting education is to treat these issues in the relevant courses included in their current accounting curricula.Practical implicationsThe results of this study provide indications to the administrators of Saudi universities to start developing accounting curriculum to integrate sustainable development issues into accounting education. This will result in an increase in the effectiveness of the role of these universities in achieving the goals of the Saudi Vision 2030.Originality/valueThis study contributes to the existing literature concerning how students perceive sustainable development education by focusing on the accounting students in Saudi Arabia as context that has not previously examined.

Accrual of depreciation of fixed assets: novations of Federal Accounting Standard 6/2020 “Fixed assets”

The article considers the features of the depreciation of fixed assets according to the new Federal Accounting Standard 6/2020 “Fixed Assets”, which becomes mandatory for use starting from the financial statements for 2022, the organization of the non-state sector of the economy, including private medical companies. It is noted that a new concept appears — liquidation value, which directly affects the amount of depreciation. There are differences in depreciation methods compared to the current Accounting Regulation 6/01 “Fixed Assets accounting”. A formula for calculating the amount of depreciation when using the reduced balance method is proposed. Practical examples of calculation of depreciation amount according to Federal Accounting Standard 6/2020 are considered.

Historiography and empirical base of ethnodemographic studies of Ukrainians in the Republic of Moldova at the end of the XX – beginning of the XXI century

The article presents studies on demography in the Republic of Moldova in the late XX – early XXI century. It is noted that after 1991 the close attention of researchers, journalists, public organizations is focused on the problems of demography. The authors trace the dynamics of demographic processes in Moldova, determine the causes and possible consequences of negative processes, offer solutions to improve the situation. Conventionally, we can divide all publications into three categories: 1) works that consider the demographic situation and its dynamics in the country as a whole; 2) work on migration issues; 3) works on ethnodemography, i.e. dedicated to demographic processes in the environment of ethnic communities. However, there are not many special ethno-demographic studies on Ukrainians in Moldova. The article also discusses the main sources for ethnodemographic research: population censuses, current accounting of demographic events, special sample surveys, lists and registers of the population. An analysis of each group of sources is given from the point of view of their informativeness for a full-fledged ethno-demographic study of Ukrainians in Moldova