Current Issue : January - March Volume : 2014 Issue Number : 1 Articles : 5 Articles
Internet is a very exciting medium to look into especially with regards to presentation,\r\ndisclosure and financial reporting. The Internet also has become one of users� most\r\nfrequently used sources of information. Consistent with the innovation of the Internet as a\r\ncheap but powerful communication device, disclosure of financial and non-financial\r\ninformation on the Internet is becoming an increasingly popular subject of research. Internet\r\nreporting or e-reporting is a very powerful and useful tool for financial reporting\r\ninformation. Internet Financial Reporting (IFR) has become quite a trendy practice of\r\ncommunicating with stakeholders in recent times. World Wide Web (WWW) technologies\r\nare extensively used by ever-increasing number of companies around the world. A growing\r\npercentage of those companies have created and promoted websites on the Internet. There\r\nhave been tendencies to disseminate information on their websites, including financial data,\r\nfinancial performance, social and environmental issues, corporate information, corporate\r\ngovernance, marketing and other information. At this point, a significant amount of academic\r\nresearch has been established in the area of IFR in developed countries such as the United\r\nStates, United Kingdom and other European countries. On the contrary, very few studies are\r\ncarried out in developing countries. Previous IFR studies are divided into three main groups:\r\nsingle-country studies, multi-country studies and international studies. Methodologically,\r\nstudies on IFR are categorized into three main groups: descriptive research, comparative\r\nresearch and explanatory research. This paper seeks to contribute to the existing body of\r\nknowledge concerning online financial reporting by reviewing and documenting the\r\nresearch of IFR....
The introduction of a regulatory policy such as Environmental Financial Assurance (EFA) requires a\r\nchange in other fronts including enforcement philosophies, modes of organization and an increase in\r\nfinancial support for the regulatory system. Regulation is an essential developmental policy toolkit that\r\nfavours poorer countries in the developing world. This research aims at contributing to the field of\r\nenvironmental public policy, and assists policy makers and observers to understand what EFA policy is\r\nand what is transferable in the context of a developing world. This links it to the field of policy transfer,\r\nand in addition delivers a tangible result in terms of a positivistic case study that tests the\r\ntransferability of a New Public Management (NPM) policy across substantial international and cultural\r\nboundaries. It allows us to ask to what extent imitative isomorphism exists in this context....
In this paper, we investigate asset impairment standards particularly as they relate to differences\r\nbetween United States generally accepted accounting principles (US GAAP) and international financial\r\nreporting standards (IFRS) for the impairment of long-lived assets in the shipping industry and the\r\ncorresponding impact on financial statement analysis ratios. Our study provides evidence that return\r\non assets and asset turnover ratios diverge significantly as a result of the difference between US GAAP\r\nand IFRS on asset impairments within the shipping industry. Reporting differences between US\r\nGAAP and IFRS can impede the comparability of financial reporting. Asset impairment accounting\r\ndifferences can have significant differences for companies reporting under these two accounting\r\nstandards....
In this study, we take the risk reserve of an insurance company to follow Brownian motion with drift and tackle an optimal portfolio selection problem of the company. The investment case considered was insurance company that trades two assets: the money market account (bond) growing at a rate r and a risky stock with an investment behavior in the presence of a stochastic cash flow or a risk process, continuously in the economy. Our focus was on obtaining investment strategies that are optimal in the sense of optimizing the probability of survival of the company. In particular we solved for the strategy that optimizes the probability of achieving a given upper wealth level before hitting a given lower level. We established among others that, the optimized investment in the assets and optimal value function of the probability of survival are dependent on the wealth. It is recommended that the managers of the assets of the insurance company should take into consideration this horizon dependency when making policy decisions....
This research was conducted with 46 respondents at ten organisations within manufacturing\r\nfirms in Thailand. The results indicate that the factors influencing AIS adoption defines 25\r\nfactors; from the case studies these were categorised into four groups: organisation factors,\r\nstakeholder factors, technology factors, and external factors. The results found that factors\r\nimpact on information quality management in accounting information systems adoption\r\ndefines as Accounting Stages, Education and Training, Financial Reporting, Implementation\r\nof data, Input Control, Internal Control, Management Support, Nature of the accounting,\r\nOrganisation Culture, Organisation Size, Support and Maintenance, Team work and\r\ncommunication, Accountant, Human IT resource, Manager Accounting, personnel experience\r\nand competency, Top management, Information technology, Accounting Firms, Accounting\r\nStandard, Government Agencies, IT governance, IT-enabled intangible resource, Laws and\r\nLegal environment, and Vender. As a result, the empirical evidence suggests that\r\norganisation should understanding of the importance of influences factors for chooses and\r\nuse of software and hardware to support operations, strategic management, and decision\r\nmaking in accounting information systems adoption. This information should be considered\r\nin adopting AIS in order to improve its effectiveness....
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