Questions related to Financial Reporting
Is it possible to determine whether the assets of a company have been overstated without testing every single asset for overstatement?
Is it possible to determine whether a company's assets have been overstated using only the information provided in its financial statements?
Question is provoked by the idea of measuring whether a company (or group of companies) is compliant with the prudence concept established in the Conceptual Framework for Financial Reporting (2018). Naturally, it could be extended to overstatement of revenues and understatement of liabilities and expenses.
Considering the historical development and the hybrid nature of the SA GAAP (replaced) which is believed to have little difference and much similarity with IFRS, are they material differences that are substantial?
What are appropriate measures of financial reporting transparency? Can we determine whether one type of company is more transparent than another from a financial reporting perspective based on certain financial ratios or indicators? If yes, which ones exactly?
I am preparing for the undergraduate thesis which is very impoatant to me. The main topic is about the relatioship between bank asset devaluation and risk management, after the implement of IFRS 9, what's the impact on the bank? If you have any related airticles or any ideas want to discuss with me, please cotect me, thank you so much.
Certainly, cryptocurrency trading will require high-accuracy hedging strategies because of the huge changes and fluctuations of these currencies that affect the financial position of the investor. Do you think that the International Financial reporting Standards Board(IFRSB) should prepare for the issuance of an accounting standard in this regard?
My dependent variable is a dummy variable where I categorize certain firms as aggressive financial reporting (1) or aggressive tax reporting (0).
we are planning to issue a call for paper on Financial Accounting Research for an ISBN book. we have to mention the broad areas of research in Financial Acounting.
Can anybody suggest the classification of research in Financial Accounting
Any of you know about attempts of standardization for the VAS using the methodology or the National Accounts, i.e, tied to national GDP?
I was asked to prepare a proposal for a professional body in my country and I wonder if this job could be simplified via inspiration in previous attempts.
Thanks a lot in advance for your suggestions,
José A GONZALO-ANGULO
The development of accounting and financial reporting should be correlated with technological progress in this area, i.e. should take into account the development of IT applications that are commonly used in accounting, accounting and financial reporting in business entities. In addition, in recent years, instrumentalization, standardization and computerization of conducting economic, financial, indicator, fundamental analyzes, etc. supporting reporting processes have been developing rapidly.
In addition, computerized analytics concerning the processing of data generated, among others, in accounting systems on Business Intelligence platforms are also developing. Analyzes carried out in the cloud using Business Intelligence based on data collected in Big Data database systems support financial management processes and management of the entire economic activity conducted by a specific company or financial, public, etc. institute.
Do you agree with my opinion on this matter?
In view of the above, I am asking you the following question:
What are the main determinants of the development of accounting and financial reporting?
The issues of the use of information contained in Big Data database systems for the purposes of carrying out Business Intelligence analyzes are described in the publications:
I invite you to discussion and scientific cooperation
I am a PhD student – studying financial performance (FP) of banks as an outcome along with other independent factors. FP data will be obtained from financial reports (Ratios)- my question how to integrate the ratios with the survey responses of the other factors (measured using Likert scale) in order to perform statistics measures using SEM.
Will be that possible to do it manually by assigning a number for each ratio and if the obtained ratio of the bank is good then the number will be given.
I appreciate the response.
I am looking for metrics that can be used to measure the accounting conservatism for each individual component and not for the company as a whole.
For example, measuring the accounting conservatism for fixed assets, inventory, intangible assets, deferred tax assets, deferred tax liabilities, provisions, and revenues using the information published in the financial reports.
There are IFRS, but still no uniformity in the field of accounting worldwide. One Universe, One Accounting Norms should be there.
Hi, I'm conducting a research on fraudulent financial reporting. One of the variables score has been reversed, I wonder if I should refer to the total score that has computed the reversed items or the total scores computed from original values, when doing correlation.
Your guidance is greatly appreciated. Thank you.
I'm trying to analyse the impact of sustainability aspect on firm performance. My sample includes firms from the United States (US) as well as non-US firms. The study includes various variables (accounting ratios) such as Return on Assets, Return on Equity, Return on Sales, Debt-to-Equity, Capital Expenditure to Sales, etc. With the difference in the accounting treatment between IFRS and GAAP, are the ratios subjected to differ? If yes, then can the difference adversely affect my study's analysis and its results?
Hi, I am doing a content analysis of quantitative and qualitative information from annual financial reports. The results will be quantified and statistically analysed. Later, I am doing interviews and thematic analysis of interviews. What ontology ad epistemology does it belong to? The research design is mixed methods research. My area of research is accounting and finance.
Hi this is Ayoob, doing certification in Chartered accountancy, and MBA in finance and currently doing internship in audit & assurance firm.
So, this is my 2nd last semester of MBA and in which we I have to do research thesis phase-1, for this I am in need of to choose topic.
whether I should choose topic from International Standard of Audit (ISA) or from International Accounting Standards(IAS)/International Financial Reporting Standards(IFRS).
Please advise me in this regard.
I am studying the impact of having a data breach on the tone/financial reporting quality of the 10ks and to avoid confounding variables, I investigated that propensity score matching was the solution. However, I don't know or dispose of the variables that affect the choice of treatment i.e being breached but I have the variables that "control" the outcome i.e Tone. Does anyone have proposition??
International Accounting Standard (IAS) and International Financial Reporting Standard (IFRS) are the same. The difference between them is that IAS represents old accounting standard, such as IAS 17 Leases . While, IFRS represents new accounting standard, such as IFRS 16 Leases. IFRS 16 replaces IAS 17 effective 1 January 2019.
Break this aim down into more specific (5) objectives. The aim of this study is investigate whether accountants in Pakistan believe Corona has a significant impact on the financial reporting of organizations and to identify the reporting items on which the impact is perceived to be the strongest.
Big Data Analytics has revolutionized various sectors.Let us explore its impact on accounting, auditing and financial reporting
hello dears, I have just interested in IFRS9 ECL models. I have three question and I appreciate all answers.
1) which models are best for pd, LGD & EAD calculation when I have scarce (about 5-7 years quarterly data) data?
2) can I calculate lifetime PD without macroeconomic variables and then add macro effects?
3) when I use transition matrix approach how have to estimate "stage 2" for earlier period, when IFRS9 was not valid and there was not any classification by stages.
I need a complete set of data from IFRS adopting countries, with their respective year of adoption, in M.S. Excel format, published by IFRS Foudantion.
Compiling a complete dataset takes a long time, so I'm looking for help if someone has already compiled it.
What could be the consequences in the 2019 Financial Statements of the application of the new IFRS 16?
In your opinion, what are the best ways for financial reporting that can be followed by the ROK to obtain the largest number of shareholders at the international and national levels
Corporate governance is one of the well researched areas. I will like to assess the effect of corporate governance on financial reporting quality. What are some of the important variables that should be used in assessing corporate governance and financial reporting quality? Your contributions would be very much appreciated.
Dear research community,
I want to conduct an event study about the market reaction around 5 preliminary announcements on IFRS 16 for my master thesis. Therefore, I have to download daily stock return data of each company and return on each country's stock market index. I tried with the variables Unadjusted Price(UP) for the firms and the local index(LI) for the stock market returns but the numbers don't make sense. I was wondering if the variables are wrong or if I did make any mistake. I hope you give me any additional information/ tips.
Thank you in advance!
There are many studies which revealed that the IFRS adoption may increased the accounting quality. However, for the best of my knowledge there are no studies which have examined the impact of IFRS adoption on non-financial information disclosure such as CSR disclosures.
Do you think that GRI indicators (www.globalreporting.org) will become the international standards of non-financial reporting?
These indicators are most detailed in terms of defining nonfinancial reporting on ecology, social responsibility and economics.
What is the share of accounting information (especially environmental accounting) in non-financial reporting?
Do you have any articles on this topic to share with me?
Almost one year after the application of IFRS 9, we can carry out ex-post analyzes on the "Business Model" envisaged by this principle, which came into force in January 2018 to precisely understand how to objectively identify the business model and then apply it optimally in the IFRS 9
How can the media image of the current and prospective situation of companies of issuers of securities, whose shares and bonds are valued on capital markets, be improved?
How should the reporting of issuers of securities companies be improved so that shareholders and investors operating on the markets and stock exchanges will receive more complete and necessary information about the economic and financial situation of individual capital companies?
How should the financial supervision institutions over stock exchange markets motivate capital companies to improve the issues of information practices and reporting, so that shareholders and investors receive current and complete information on the economic and financial situation of individual capital companies?
At present, the trend of increasing the scope of the publicly announced scope of information on the economic and financial situation of individual companies is predominant, so that shareholders and investors, in addition to standard information in the field of reporting, that is, publicized in the media according to certain standards of financial information given in a given financial statement format, also receive information describing the possibilities and prospects for the development of a specific enterprise, a capital company whose securities are valued on the stock exchange. As a result, shareholders and investors should be better informed about the economic and financial situation of individual companies and entire capital markets. The improvement of information standards prevailing in the media in the economic and financial situation of individual capital companies should also increase the correlation of the situation on capital markets with the economic situation in the entire economy. In this way, the probability of further global financial crises will be significantly reduced.
Therefore, I am asking you with the following query:
How can you improve the media image of the current situation of companies operating on capital markets?
Dear Friends and Colleagues of RG
I described the problem of "Anti-crisis state intervention and created in media images of global financial crisis" in the publication:
Big Data is the buzzword today. Big Data Analytics is useful in various fields, and accounting is not an exception. My purpose of initiating this discussion is to know the impact of Big Data Analytics on Accounting in general and on Financial Reporting in particular. Hope, intellectuals will share their valuable thoughts on this issue.
How to measure withdrawals of goods and finished goods by owners in IFRS financial statements?
a) Is the withdrawal at carrying amount or fair value?
b) What is the appropriate booking entry?
per sales of goods to finished products
and sales tax?
)c Are withdrawals by owners actions of owner in their function as owners? (If yes, the journal entry might not have any effect on net income)
I need information or references regarding International Accounting Standards and Financial Reporting Standards (IAS / IFRS). Thanks. Can anyone help me?
Does the integrated report (IR) that fits into integrated thinking create value through the integrated corporate risk management system?
I'm wondering if there is any research with the impact of introducing IFRS 9? The standard is in use for almost a year.
THX in advance for information.
I think a self constructed disclosure indices approach will be suitable, but how to obtain objective measures to measure Relevance, Faithful representation, understandability etc.? Please share any thought.thanks
I am trying to operationalise a measure of the 4 perspectives of BSC firm performance, - customer, financial, internal business Process and learning and growth” I am have trouble finding a measure that can be used for self reporting to against these items by SME managers. N.B. The SMEs are not listed, so I do not have access to financial reports, which is why I am using self reported measures.
Server theories are to used in developing the proposed model namely, Theory of Planned Behavior, Diffusion of Innovation Theory and Institutional Theory.
Please educate me regarding the appropriateness of these theories for the above research.
A model is to be proposed based several social theories such as Theory of Reasoned Action, Theory of Planned Behavior and Diffusion of Innovation Theory.
I would like to investigate or present the methods of measuring readability in financial reporting. Do you have literature recommendations in this regard?
The study is to evaluate FRQ with the compliance level of Qualitative Characteristics (QC) . Using annual reports of listed entities,Beest, Braam, & Boelens, 2009 quality index is to used to measure compliance level of QC. Also, use professional accountants to evaluate annual reports using the locket scale questionnaire .
what kind of method is this?
is it a content analysis?
Subjective Quality rating?
need to find suitable methodology for this
I am working on "Impact of Financial Reporting Quality on Investment Efficiency" in Pakistan. But, my I have now proper knowledge about Econometric and tools and techniques. I am using Panel data set for firm level from year 2000-2016.
Inveff i,t+1 = b0 + b1FRQi,t +B2 agei,t + b3 FCFi,t +b4 sizei,t +b5 leveragei,t + b6 agei,t + b7 MTBi,t + b8 Zscorei,t + b9 ROAi,t + b10i,t stdCFOi,t + b11 std change in salei,t + b12 tangabilityi,t + b13 Dlossei,t
Problems that I am facing are
1. Is my data set is dynamic panel data set?
2. How can I find the endogeneity in my model?
3. What instruments should I use in response to endogenous variables?
4. Should I go for simple panel estimation techniques or simple GMM estimation techniques or system GMM estimation technique and why?
I am planning to write my project about above mentioned topic. Do you have any idea if there's published paper in Qatar about this area?
I know you have done IFRS 8, but my question concerned about the whole IFRS adoption.
If not would you be able to help me with survey response if I send you?
The International Accounting Standards Board (IASB)’s IFRS 9 standards will require banks to recognise impairment sooner and estimate lifetime expected losses against a wider spectrum of assets. The implementation of these standards in January 2018 are widely expected to increase the stock of credit impairment provisions and affect profits.
I would like to use a 5-year data on EPS targets for companies listed on Bursa Malaysia. only actual EPS's are disclosed in the annual reports. Could someone suggest a source where these data can be found?
I would appreciate your suggestion!
Working on a group project on SWOT analysis of Financial report of Lufthansa Passenger Airline Group between 2015 and 2016.
A major reason for the adoption of IFRS in Nigeria is that it will enhance inflow of FDI into Nigeria. 5 years after this has not happened.
I used an unbalanced sample when estimating logistic regression. The reviewer suggests that I should use a balanced, sample though it will reduce the number of observations. Any specific suggestion or reference that can give me any insight?
I am currently looking into possible research agenda for my graduate studies thesis.
Currently I am investigating whether or not auditor tenure (AT) has a non-linear relationship with audit quality (AQ). I expected a non-linear or parabolic relationship.
AT is measured in years, financial restatements (R) are used as a proxy for AQ.
Currently I have a set of restatements. I want to determine AT for each R so I can see how many R's there are for each AT year and can plot this. However I don't know how to obtain statistical significance for this matter.
I would be most grateful if you could help me out!
Information to enable researchers answer the question
International Financial Reporting Standards require extensive disclosure to enable investors and other stakeholders take economic decisions on the financial statements of a company. I want to know whether the level of disclosure affects the performance of a company especially return on capital employed. If the level of disclosure negatively affects return on capital employed, what are the implications?
I want to explore the conflict of financial statement application due to the existence of both IFRS and the UK GAAP
The IFRS maintenance of capital concept is defined in the conceptual framework (4.59). We can restrict attention to financial capital maintenance:
Financial capital maintenance. Under this concept a profit is earned only if the financial (or money) amount of the net assets at the end of the period exceeds the financial (or money) amount of net assets at the beginning of the period, after excluding any distributions to, and contributions from, owners during the period.
On the other hand, legal capital maintenance can be described as the doctrine that forbids a corporation to return capital to its shareholders, unless authorized by law (e.g., sanctioned reduction of capital). The corporation is only free to pay profits to the shareholders. Legal capital maintenance in the UK stems from this decision of the House of Lords: https://en.wikipedia.org/wiki/Trevor_v_Whitworth
Is it simply two aspects of the same thing, i.e. IFRS concerns measurement, and law concerns obligations, or is there something more to it?
in micro firm (like. grocery store, shops ...) they act a very big percentage in economic around the world. however they don't publish financial reports. so i want to know what is the best measurements to calculate successful or failure of these shops? and how to calculate the profitability?
What are the factors influencing abnormal return in equity market? Please comment with Important papers and books references. Thank you