Current Issue : January-March Volume : 2022 Issue Number : 1 Articles : 5 Articles
Big data analytics represents a promising area for the accounting and audit professions. We examine how machine learning applications, data analytics and data visualization software are changing the way auditors and accountants work with their clients. We find that audit firms are keen to use machine learning software tools to read contracts, analyze journal entries, and assist in fraud detection. In data analytics, predictive analytical tools are utilized by both accountants and auditors to make projections and estimates, and to enhance business intelligence (BI). In addition, data visualization tools are able to complement predictive analytics to help users uncover trends in the business process. Overall, we anticipate that the technological advances in these various fields will accelerate in the coming years. Thus, it is imperative that accountants and auditors embrace these technological advancements and harness these tools to their advantage....
The study was set to examine the extent to which Credit Risk Management Practices influence banks’ performance in South Sudan. Credit Risk Management practices were looked at in terms of Credit Risk Identification (CRI) Credit Risk Assessment (CRA) and Credit Risk Control (CRC). The study applied a cross-sectional survey design with 124 respondents linked to the Credit process across 7 sampled banks in Juba. Cluster, purposive and sample random techniques were employed in gathering data using Structured questionnaires and interview guides. The study revealed a strong positive correlation between risk management practices and bank performance (r = 0.959; p-value = 0.000 which is less than 0.01). Credit Risk Assessment (CRA), Credit Risk Identification and Credit Risk Control all revealed significant results at r = 0.932 at p-value = 0.000; r = 0.977 at p-value = 0.000. The study further revealed that a unit increase in CRI and CRA and CRC, increased bank performance by 35.8%, 25.3% and 37.1% respectively. While CRI = (β = 0.358 and p = 0.000) and CRA (β = 0.253 and p = 0.000) seamed to drive growth of the asset book, CRC influenced Asset Quality by (β = 0.371 and p = 0.000)....
The aim of the article is to present financial statements as a source and basis for identifying and systematizing risks in the area of accounting. These risks reflect the threats and opportunities for enterprises' operations and are included in the data disclosed in the financial statements. Many different risks can be recognized and identified in the financial statements by their users, but users should be able to properly read, understand and interpret the information contained in the financial statements in terms of possible risks. The analysis of financial statements as a research method is indicated and applied in the article to identify risks. The analysis covers significant components and items enclosed in the basic financial statements and leads to the detection and description of potential risks contained in these reporting data. The originality of the article is based on the use of financial statements and their analysis to systematize identifiable business risks in the field of accounting and thus emphasize informative function, which is fulfilled by financial statements in economic practice....
Extreme Value Theory has come forth as one of the most significant probability theories in applied sciences. Modeling extreme events has always been of interest in many disciplines such as hydrology, insurance, and finance. This study seeks to model the Bank of Kigali’s (BK) stock risks in Rwanda stock exchange using Extreme Value Distribution. Two major approaches are used. To model Bank of Kigali stock risks, the Generalised Extreme Value Distribution (GEVD), precisely the Block Maxima is implemented. To examine its associated exceedances, the Generalised Pareto Distribution (GPD) is also implemented. Risk measures considered are the Value at Risk (VaR) and the Expected Shortfalls (ES). Findings reveal that the Frechet distribution fits reasonably well the distribution of the BK stock returns and GPD the exceedances. Also, the risk measures such as Value at Risk and Expected shortfall were computed with high level (99.5%) quantiles to serve as a guide to investors to make a decision as to whether to invest in Bank of Kigali’s stock or not. The findings show that GPD fits the tail of the data well....
This study investigated the impact of Accounting Information Systems (AIS) on performance management in Thailand’s banking sector. The study was necessitated by the need to understand the financial performance of banks in Thailand in application of advanced management techniques, business developments, growth of the current contemporary business environment and the intensive competitive business environment in the banking sector. The research used purposive sampling to content analyze the financial statements of six major commercial banks in Thailand from 2011-2019. These banks include the Siam Commercial Bank Public Company Limited, Krung Thai Bank Public Company Limited, Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, Thanachart Bank Public Company Limited, and Kasikorn Bank Public Company Limited. The study comprised of four independent variables representing the AIS: Total Assets, Operational Assets, Total Liabilities and Earning After-Tax; and one dependent variable of Return on Equity. Correlations and multiple regressions were applied to answer the study hypotheses. The results of the study indicated that Total Assets, Operating Assets and Earnings after Tax have a positive and significant effect on Return on Equity. Additionally, Total Liabilities were found to have a negative and significant relationship with Return on Equity. Overall, the study found that AIS has a significant and positive effect on performance management, and the study recommended that AIS should be considered as a critical aspect if long-term growth in performance management is a business objective of the organization....
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