nep-acc New Economics Papers
on Accounting and Auditing
Issue of 2018‒07‒23
five papers chosen by

  1. Critical Issues in Accounting By Alvi, Mohsin
  2. A Study of Success Factors of Principle and Practice in Information Technology Risk Management By Urairat Maneerattanasak; Nitaya Wongpinunwatana
  3. Actuarial accounting for a notional defined contribution scheme combining retirement and longterm care benefits By Carlos Vidal-Meliá; Manuel Ventura-Marco; Juan Manuel Pérez-Salamero González
  4. Development of Approaches to the Assessment of Costs for the Performance of Public Functions and for the Provision of Public Services By Dmitriev, Mikhail; Ayvazyan, Zaven
  5. Wer kooperiert im DAX? Erkenntnisse aus der Buchhaltung: Eine Analyse des Status Quo der kooperationsbezogenen Rechnungslegung von Unternehmen des deutschen Prime Standard By Wolf, Robin Paul

  1. By: Alvi, Mohsin
    Abstract: The world has numerous languages to communicate, understand and interpret problems. The language of finance, business and numerical figures is recognized as accounting. The roots of accounting sprouted in the Middle East, but flourished in Europe. The concept of accounting is thousands of years old, where ancient citizens used it to deal with money problems, majorly in the cases of recording expenditures, and trading goods. The modern accounting has merged countless latest techniques to improve the practice and implementation in practical life. Accounting plays a significant role in many ways to resolve financial dilemmas.
    Keywords: Accounting Issues, Ideas, Recommendations
    JEL: C18 M41
    Date: 2017–08–01
  2. By: Urairat Maneerattanasak (Thammasat University); Nitaya Wongpinunwatana (Thammasat University)
    Abstract: The purpose of studying the success factors of principle and practice in Information Technology Risk Management (ITRM) is initiated from the proposition that appropriate ITRM principle and practice can mitigate IT risks and losses which is a result of security threats. The literature showed that various general principles and frameworks are widely published but the established principle cannot be put into the practice. Additionally, there is a research study regarding the difficulty to maintain independent in identifying, reviewing and reporting tasks of IT risk and internal audit functions. The methodology consisted of the review of general principles and frameworks? documents and the interview from case studies. The general principles and frameworks in this research collected from the question ?Which principles and frameworks are applied to ITRM in your organization??. The question was asked to people in IT risk and IT internal audit functions from banking organizations and other industries which advanced information technologies are critical to the organizations. The content from first five applied principles and frameworks from the survey are Basel, COBIT 5 framework, COSO Enterprise Risk Management, ISO 31000 and ISO/IEC 27005 were reviewed. In addition, the interviews were conducted to the people in both functions from banking organizations regarding the success factors of principle and practice in ITRM in their opinions without guiding from the interviewer. The findings from the review of documents are eleven success factors that are general principle and framework selection, principle establishment, process design, structure of risk team, team?s expertise, complex level of task, interdependent level, risk culture, communication in organization, training and risk management?s tools and techniques. Meanwhile, the in-depth interviews? results showed that nine success factors that are adoption of ITRM principle, appropriate Process from ITRM Principle, task, interaction, adaptability, outsourcing, management support, conflict management and culture transformation. In conclusion, the success factors from both resources were compared and discussed as triangulation.The practical contribution of the research is that the success factors can be used as a primary check for the appropriation of current principle and practice, the exploration an intrinsic problem in both principle and practice on ITRM or the development stage. For the theoretical contribution, the researcher recommends studying various success case studies applying the principle and practices from various industries and classified the patterns by organization types which the information technologies are significant to their operation.
    Keywords: Information Technology Risk Management; Principle and Practice; Success Factors
    JEL: M15
    Date: 2017–07
  3. By: Carlos Vidal-Meliá (Department of Financial Economics and Actuarial Science, University of Valencia (Spain), and research affiliation with the Instituto Complutense de Análisis Económico (ICAE), Complutense University of Madrid (Spain), and the Centre of Excellence in Population Ageing Research (CEPAR), UNSW (Australia).); Manuel Ventura-Marco (Department of Financial Economics and Actuarial Science, University of Valencia, Avenida de los Naranjos s.n., 46022 Valencia. (Spain).); Juan Manuel Pérez-Salamero González (Department of Financial Economics and Actuarial Science, University of Valencia, Avenida de los Naranjos s.n., 46022 Valencia. (Spain).)
    Abstract: This paper develops a social insurance accounting model for a notional defined contribution (NDC) scheme combining retirement and long-term care (LTC) contingencies. The procedure relies on standard double-entry bookkeeping and enables us to compile a “Swedish” type actuarial balance sheet (ABS) following a framework equivalent to an open group approach. This methodology is suitable for reporting the system’s solvency status and can show periodical changes in the system’s financial position by means of an income statement. The information underpinning the actuarial valuation is based on events and transactions that are verifiable at the valuation date, without considering expected future trends. The paper also contains an illustrative example to make it easier for policymakers to understand the main advantages and difficulties of our proposal. The policy conclusions stress the need to properly report social insurance benefits to enhance transparency and sustainability and to improve decision-making because it is in the public interest to do so.
    Keywords: Life Care Annuities; Long-Term Care Insurance; Notional Defined Contribution; Pay-as-you-go; Pension Accounting; Retirement; Social Security; Sustainability.
    JEL: G22 H55 I13 J14 J26
    Date: 2018–05
  4. By: Dmitriev, Mikhail (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Ayvazyan, Zaven (Russian Presidential Academy of National Economy and Public Administration (RANEPA))
    Abstract: The object of research in this work are methods of accounting and budgeting the costs of administrative processes in the provision of public services and control and supervisory activities in federal executive bodies and executive authorities of the subjects of the Russian Federation.
    Keywords: administrative processes, public expenditure, cost management, functional and cost analysis, process budgeting
    Date: 2018–06
  5. By: Wolf, Robin Paul
    Abstract: Art und Umfang der Finanzberichterstattung von Unternehmen über ihre kooperativen Aktivitäten sind umstritten - anekdotische Evidenz und rechnungslegungstheoretische Betrachtungen attestieren mitunter eine zu geringe Transparenz. Um diese Kritik einer empirischen Untersuchung zuführen zu können, bedarf es zunächst einer umfassenden Bestandsaufnahme der Konzernabschlüsse. Die Theorie der Unternehmenskooperation und der Rechnungslegung nach den International Financial Reporting Standards zusammenführend, erhebt die vorliegende Untersuchung die Verteilung wesentlicher Kooperationstypen von Unternehmen des deutschen Prime Standard. Im Ergebnis lässt sich eine nahezu omnipräsente Verbreitung von Unternehmenskooperationen in einer Vielzahl unterschiedlicher Kooperationstypen feststellen. Gleichzeitig zeigt sich eine die Nachvollziehbarkeit erschwerende Vielfalt verwendeter Begriffe, wodurch Befürchtungen über Qualitätsrisiken in der kooperativen Finanzberichterstattung genährt werden. Die gewonnenen Erkenntnisse bereiten die Grundlage für eine Reihe möglicher Forschungsansätze.
    Keywords: Unternehmenskooperation,Strategische Allianz,Rechnungslegung,IFRS 11,IAS 31,Gemeinschaftsunternehmen,Joint Venture,Cooperation,Strategic Alliance,Fincancial Reporting,Accounting
    Date: 2018

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NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.