Showing papers on "Accounting period published in 2018"

The Influence of Information Technology on Application of Accrual Accounting

Abstract: Now-a-days environment has become a very crucial issue not only for personal life but also for business life and hence, environmental movement and environmental reporting practices by different organization throughout the world have gathered great momentum in recent year. Advancement and improvement of quality of environment is the major issue for their activities. Environmental accounting (EA) more specifically, Environmental MaThe purpose of this research is to find out information technology influences the application of accrual accounting. Accrual accounting is presented for operational reports (LO). LO presents an overview of economic resources that increase equity and its use which is managed by the central/regional government for government administration activities in one reporting period. So there is a cut-off to determine the income and expenses that occur in one accounting period. The concept of accruals is useful to assess the government's performance in managing State finances whose management and management are handled by the government itself. The unit of analysis in this study is the Muba-Indonesia Regional Government unit. The results show that information technology influences the application of accrual accounting significantly. Furthermore, it was found that the application of accrual accounting could change because there was survey information technology in FKMD Muba units.

Specifics of reporting on cash flows in insurance companies

Abstract: The activity of insurance and operation of insurance companies is very important in the context of development of financial organizations that operate in the territory of many countries, including the Republic of Serbia. A report that is of crucial importance for insurance companies in the context of an adequate cash flow management is a cash flow statement. Bearing in mind the specificity of the insurance industry, as well as the risks associated with it, cash flow is the basic focus of financial management. For insurance companies, it presents an overview of cash flows that occurred during the previous accounting period. The aim of the paper is to show the importance of efficient cash flow management in insurance companies from the aspect of their planning, and to this effect, the paper provides the simulation of the internal report on cash flows that is done monthly for domestic insurance companies in the function of efficient liquidity management of the insurance company.

Corporate Governance and Performance: The Divergence of Operating and Share Performance

Abstract: Corporate governance principles are trying to ensure reliable and well functioning firms and sound financial systems, thus well-governed firms are expected to be performing better than their counterparts. The aim of this paper is to analyze the impact of corporate governance applications on operating performance and share performance of companies that are traded in Borsa Istanbul for the period 2007-2014. In order to understand the impact of corporate governance traits on share performance, we assume that we buy and hold the stock for 1 year and sell it at the end of the accounting period to match it with the accounting data and panel regressions are run to analyze the factors that have significant explanatory power over operating and share performance. According to the results, the corporate governance traits do not affect stock returns, but have a significant explanatory power over operating performance, measured by ROA and ROE. This divergence shows that good governance results with superior operating performance, however governance benefits are not priced by the investors. The paper has significant implications since it analyses one of the most attractive emerging equity markets, namely Borsa Istanbul which has approximately sixty percent share of foreign investors. The results are important for both policy makers and for the broad range of investors that are players in the market.

Logic analysis and identification method for verifying authenticity of financial statement

Abstract: The invention discloses a logic analysis and identification method for verifying the authenticity of a financial statement. Basic accounting rule inspection and analysis is carried out by using the basic accounting equation, articulation between basic accounting statements and the articulation between the accounting statements of this accounting period and the accounting statements of the previousaccounting period, so as to identify the authenticity of the financial statement, find and remove the false part, restore the authenticity of the financial statement, and determine the real and reliable degree of accounting information revealed by managers of a company. In this way, the investment risk is effectively avoided.