Accounting Knowledge Research Articles

Upaya Peningkatan Kualitas Informasi Laporan Keuangan Melalui Proyek Desain Akuntansi

UMKM merupakan unit usaha mikro, kecil dan menengah dari masyarakat yang senantiasa perlu mendapatkan pendampingan dan juga pelatihan guna mendukung program pemerintah. Kami melakukan pelatihan dan pendampingan dalam pencatatan pembukuan secara sederhana dan praktis Sesuai hasil survey bahwa pemilik “Ning Har Sambel Pecel Suroboyo” selama ini hanya membuat laporan keuangan sebatas mencatat saja. Untuk itu dalam upaya meningkatkan kualitas informasi laporan keuangan, maka perlu dilakukan penyuluhan. Dengan melalui program Pengabdian Masyarakat Pemanfaatan Ipteks Bagi Masyarakat (PIKAT) Kami berupaya untuk membantu UMKM dalam melakukan pencatatan pembukuan keuangan secara praktis dan mudah dengan menggunakan bantuan aplikasi yang didesain sedemikian rupa, agar mudah difahami dan dapat meningkatkan pengetahuan serta keterampilannya. Sehingga hasil informasi dari laporan keuangannya dapat dengan cepat dan mudah diperoleh serta berkualitas, terutama oleh pihak manajemen. Hasil penyuluhan ini, menunjukkan bahwa pemilik UMKM menerapkan ilmu akuntansi yang telah diberikan serta menggunakan aplikasi Count & Grow dalam pencatatan keuangannya, dan omzet UMKM semakin meningkat. Dengan demikian kualitas informasi atas laporan keuangan dapat membantu UMKM dalam mengatur kondisi keuangan menjadi lebih baik dan dapat digunakan sebagai dasar dalam pengambilan keputusan.

Analysis of Accounting Implementation of Women Farmer Group (WFG) in the Special Region of Yogyakarta (Case Study on WFG Sumber Rejeki, Bantul, Yogyakarta)

The Women Farmers Group is currently being quite intensive in increasing its empowerment, especially in increasing Human Resources. The aim of increasing human resources is the realization of WFGs that are independent and superior, especially in supporting food security and improving the welfare of the surrounding community. Independent and superior, of course, also needs to be supported by an adequate accounting system in accordance with PABU and EMKM. This study tries to examine the extent to which accounting is applied to WFG, as well as to examine the factors that have a correlation with the application of accounting to WFG. The variables tested are education, knowledge and socialization of accounting, where knowledge has a correlation in the application of accounting. This research is expected to be one of the efforts to improve human resources, especially accounting at WFG.

Penerapan Laporan Keuangan Berdasarkan SAK EMKM Bagi Usaha Mikro Kecil Menengah di Kecamatan Gebang

Each region typically boasts its distinctive flagship products within the realm of SMEs, and this holds true for the Gebang sub-district of Langkat Regency, where roadside businesses thrive with their specialty products like "Cassava Chips" and "Dodol," a traditional Indonesian confection. According to Law No. 20 of 2008 on Micro, Small, and Medium Enterprises (MSMEs), a micro-enterprise is defined as a productive enterprise owned by an individual or a sole proprietorship entity that meets the micro-enterprise criteria as outlined in this Law. Thus, the formulation of comprehensive financial reports aids in planning future endeavors, thereby facilitating the creation of business plans that anticipate potential eventualities and strategically chart the path forward. Incorporating a comprehensive financial statement based on MSME Financial Accounting Standards (SAK EMKM) encompasses a balance sheet, income statement, and notes to the financial statements. The balance sheet should encompass at least cash and cash equivalents, receivables, inventory, fixed assets, trade payables, bank loans, and equity. The income statement portrays the relationship between an entity's income and expenses. This research employs a qualitative descriptive method, with data collection techniques comprising observation, interviews, and documentation. The data analysis is based on a month-long research period, and the findings are examined using descriptive analysis methods. The questionnaire, distributed to 17 respondents with 20 statements each, underwent statistical analysis, revealing the perception of MSME managers regarding the presentation of financial reports in accordance with MSME Financial Accounting Standards to be of a "Not Good/Low" rating. Contributing factors to this perception include the limited accounting understanding of MSME operators, their inadequate accounting knowledge preventing activities such as ledger and journal recording and financial statement preparation. Additionally, MSME operators lack a comprehensive understanding of the significance of financial reports in business operations and remain unfamiliar with MSME Financial Accounting Standards.

THE EFFECT OF ACCOUNTING KNOWLEDGE, BUSINESS STRATEGY AND WORK MOTIVATION ON THE QUALITY OF MANAGEMENT ACCOUNTING INFORMATION SYSTEMS

This study aims to analyze and describe the effects of Accounting Knowledge, Business Strategy, and Work Motivation on the Quality of Management Accounting Information Systems for retail store employees at Palembang Square Mall, Palembang City. The sampling technique used is simple random sampling. The data analysis technique employed in this research is multiple linear regression analysis, processed using the SPSS software application version 26.0. The data for this research consists of 38 respondents, obtained from retail store employees in Palembang Square Mall, Palembang City. The findings of this research indicate that Accounting Knowledge, Business Strategy, and Work Motivation have a positive and significant effect on the Management Accounting Information Systems and the utilization of Management Accounting Information Systems. All three factors (Accounting Knowledge, Business Strategy, and Work Motivation) exhibit positive and significant effects on the Management Accounting Information System, either partially or simultaneously.

Enhancing Accounting Students' Competence through Information Technology-based Financial Reporting: A Community Engagement Initiative in Sidoarjo


 
 
 
 
 
 In this digital era, the demands for Information and Communication Technology (ICT) have led to the increasing need for accounting students to acquire additional hard skills in operating simple accounting programs like spreadsheets. To address this need, a community engagement program was conducted in partnership with a vocational school in Sidoarjo to provide training on information technology-based financial reporting. The methods included surveys, discussions, problem formulation, planning, demonstrations, and learning evaluation. The program aimed to enhance students' basic knowledge and expertise in accounting, enabling them to compete in the Industrial Revolution era. The outcome of the program showed significant improvement in students' ability to utilize spreadsheets for data processing and financial statement preparation. The success of this initiative highlights the importance of incorporating technology in accounting education to equip students with relevant skills for the modern job market.
 Highlight:
 
 Integration of Information Technology: The study highlights the increasing demand for accounting students to possess skills in utilizing information technology, particularly spreadsheets, for data processing and financial reporting.
 Community Engagement Approach: The research employs a community engagement initiative to address partners' problems, including surveys, counseling, and providing solutions to enhance students' competencies.
 Benefits for Accounting Students: The program's main benefit is the enhancement of basic knowledge and expertise of accounting students in Sidoarjo, empowering them to compete effectively in the modern era.
 
 Keyword: Information Technology, Accounting Education, Spreadsheet, Financial Reporting, Industrial Revolution
 
 
 
 
 

Working capital management and firm performance: evidence from emerging African markets

PurposeThe paper aims to investigate the empirical impact of working capital management (WCM) on firm performance (FP) in the emerging markets of Africa. This paper also aims to investigate this relationship during the global financial crisis of 2008 (GFC, 2008).Design/methodology/approachThe sample of this study comprises two leading emerging markets in Africa (Egypt and South Africa) based on the MSCI world market classification list for the period 2007–2020. The study employs various regression techniques such as fixed effect and system generalized method of moments. In addition to baseline regressions, the authors applied various preliminary tests and, finally robustness measures. Besides the dependent, independent variables, the study uses firm-level and country macroeconomic-level explanatory variables.FindingsThe study's results indicate that (1) WCM and FP exhibit a direct relationship and (2) the WCM components such as cash conversion cycle, average collection period and the average age of inventory, have a significant inverse relationship, whereas the average payment period has a direct relationship with FP. The robustness results are assessed based on the selection of an alternative proxy for FP measurement, controlling for industry, country, year effect and the exclusion of the GFC 2008.Practical implicationsThis study has various implications in terms of theoretical, societal and practical application for practitioners, managers, investors and regulators. In terms of theoretical implications, this is the first study that contributes to the existing body of knowledge in corporate finance and managerial accounting in relation to the examination of this relationship in the African region. Finally, practitioners, including regulators, can benefit from the study's findings while devising investment policies for investors in the region. More specifically, the financial sector conduct authority (FSCA) in South Africa and the financial regulatory authority (FRA) in Egypt can consider these findings to devise financial policies that aim to foster the FP.Social implicationsSociety benefits from the study's findings too. The efficient management of the WCM components will raise firm profits and investment opportunities for the society in Egypt and South Africa. A firm with good performance levels will increase salaries and will provide compensation to their employees in terms of bonuses. These compensations are one of the sources for achieving FP, which is evident from existing literature as well in the case of corporate governance studies. These compensations have psychological impacts as well. As society has its basic needs and goods, compensation levels will be tilted less toward societal ethical issues.Originality/valueThis study has various distinguishing features, which prior studies mostly lack, as most of these studies are on an individual country dataset, shorter periods, mixed results, lesser explanatory variables and no country-related control variables. The authors addressed all these challenges and provided robust results based on various measurement alternatives for the African markets. The study's results confirm a direct relationship between WCM and FP for South Africa and Egypt reflecting the emerging markets in Africa.

Crossroads Car Wash: When Family and Finances Collide

ABSTRACT This case allows students to apply managerial accounting knowledge in a practical, real-world setting. Integrating both financial and nonfinancial considerations, students are charged with making a recommendation to the Garcias, the owners of a family-owned and operated car wash (Crossroads), who are forced to make a difficult decision between a financially secure retirement or continuing to operate the business that supports their children and at-risk employees. This case can be used as is or modified for use in undergraduate/graduate managerial accounting courses and is intended to challenge students (1) to use managerial accounting knowledge and concepts to identify issues and relevant costs, (2) to understand the challenges and risks associated with selling a family-owned business, (3) to apply managerial accounting skills to the decision-making process, and (4) to analyze, synthesize, and evaluate financial and nonfinancial considerations to make a recommendation on selling or continuing to operate a family-owned small business.

THE RELATIONSHIP BETWEEN EMOTIONAL INTELLIGENCE AND ACCOUNTING UNDERSTANDING IS STRENGTHENED BY SELF-EFFICACY

The purpose of this study is to evaluate students' emotional intelligence levels and determine how the self-efficacy factor influences their comprehension of accounting. At two universities in Yogyakarta, UPN "Veteran" Yogyakarta University, which represented accounting students from the academic/Strata 1 (S1) at state universities, and Yogyakarta YKPN Polytechnic, which represents accounting students from the vocational education level, namely Diploma 3 (D3) and Applied Bachelor (D4), the researcher collected populations from students majoring in accounting at either the Diploma 3 (D3), Applied Bachelor (D4), or Strata 1. This study demonstrates how emotional intelligence affects accounting comprehension. The findings of this study also indicate that self-efficacy improves the link between emotional quotient and accounting knowledge.

THE EFFECTS OF HAVING ACCOUNTING KNOWLEDGE ON STARTUPS IN KLANG VALLEY, MALAYSIA

Accounting knowledge is considered the most important knowledge that entrepreneurs and startups should have. In addition, accounting knowledge allows its users to identify and solve the financial problems within a business, which also assists them in the process of decision-making. However, many of the startups have only the knowledge of their own profession, which they have been educated for. The aims of this paper are to find out the effects of having basic accounting knowledge, cash management knowledge, and short-term financing knowledge on startups’ success. The research yet to be done suggesting a quantitative method to be used in gathering the required information from the targeted respondents within the area of Klang Valley, Malaysia, to identify the relationship between the variables of accounting knowledge and startups’ success. However, the suggested targeted population startups and entrepreneurs who have their own business without considering the registration status of their business, and the author believes that the aims of the study will be presented fairly by targeting the mentioned population. Therefore, the paper will be based on a literature review and further recommendations for the continuation of the research.

English language proficiency, prior knowledge, and student success in an international Chinese accounting program

International student exchange programs have gained popularity as a means to increase enrollments, support international academic partnerships, and improve student preparedness for globalized work environments. However, the relationships between English language proficiency, cultural intelligence, teamwork, self-efficacy, academic success, and other factors within these programs are not clear. This study investigates the correlations among international accounting students’ English language proficiency, accounting knowledge, and academic performance in a transnational education program in mainland China. Data were obtained from academic records of 104 accounting students enrolled in the program. A quantitative measuring of the Pearson correlation statistical tests were employed to measure the relationships between English language proficiency and academic performance, as well as between previous accounting knowledge and academic success. The results indicate a statistically significant relationship between English language proficiency and academic performance, and between previous accounting knowledge and academic success. This study has significant implications for transnational education programs, academic institutions, and policymakers and provides insights into effective strategies for enhancing the quality of transnational education programs and promoting the internationalization of higher education.

An Assessment on Growth of Knowledge and Skills

This article explores the value of knowledge and skill development for both personal and professional growth. It emphasizes the significance of cultivating a growth mindset, the impact of technology advancements, and the transforming force of lifelong learning. In a world that is changing quickly, education and skill development are essential for people and societies to prosper. People can broaden their understanding, adjust to novel circumstances, and hone their critical thinking abilities through ongoing learning. As a result of technological advancements, there are now many new chances for education and improvement of skills. Having a growth mindset enables people to overcome obstacles, see setbacks as chances for learning, and embrace a desire for lifelong learning. Understanding how information and abilities develop is crucial for professional as well as personal achievement. In order to assist the growth of knowledge and skills, researchers can find successful techniques and strategies by examining the trans formative potential of continuous learning. The creation of creative educational devices and platforms can benefit from examining how technological advancements affect learning and skill acquisition. Additionally, understanding how a growth mindset fosters development of skills and knowledge can help people and organisations adopt a mentality that is supportive of lifelong learning and individual development. Knowledge of financial accounting, Financial Progress Knowledge Social obligations and ethics, Administration Information System, Development of the global business, Growth in microeconomics are the parameters used in this analysis. “The overall Cronbach's Alpha value for the model is .595 which indicates 60% reliability”

Cohesion of Accounting Information System Fundamentals and Knowledge Robustness in Financial Reporting

Purpose: This study aims to verify the impact for the solidity of accounting information system components on the knowledge robustness of accounting financial reports. the study anticipated to shed light and contribute to the ability of the interdependence, integration and homogeneity of the AIS components for providing financial reports enclose a useful knowledge for decision makers. Theoretical framework: The great development in the business environment and the need for complete, appropriate and transparent accounting knowledge and information to make various investment decisions, this need has become urgent to provide accurate and complete set of accounting reports through proficient accounting information systems. Design/methodology/approach: The study follows a quantitative research methodology by constructing a well-structured electronic questionnaire to survey 280 personnel from 70 Jordanian financial sector companies. The collected responses from sample then analyzed by arithmetic mean, simple and multiple regression to validate a set of predetermined hypotheses. Findings: The study results confirmed the availability for the six main elements of AIS in financial sector; knowledge robustness in financial reporting was also obtainable if AIS components are efficient The study also concluded that there is a single positive effect for each component of the accounting information system on the quality and coherence of financial reports. The results also affirmed the joint positive impact of all components of AIS on the knowledge robustness on financial reports. Research, Practical & Social implications: The study conveyed several contributions to AIS literature; it revealed that proper information system fundamentals supports the financial knowledge of decision makers to conduct decisions. performance enhancement can be accomplished strengthening the accounting information system. AIS increases the transparency and reliability of reported outcomes and thus reduces the future uncertainties and risks. The availability for complete set AIS fundamentals empower the communication level among company divisions and facilitate the accessibility for data necessary for work. Originality/value: The value of the study is stemed from its topic which is considered from the few topics that conducted on this area in our middle east region and particularly Jordan; moreover, this study deeply examines the accounting information system availability and its status from the viewpoints of many professionals.

The Effect of Gender Differences, Locus of Control, and Seniority Auditor on Audit Judgment: Empirical Studies in East Jakarta Public Accounting Firms

This study aims to examine the effect of Gender, Locus of Control, and Senior Auditor on Audit Judgment. The sample in this study were auditors who worked at the East Jakarta Regional Public Accounting Firm. This research is quantitative. This study used a questionnaire given or distributed directly by researchers to auditors who work in several East Jakarta KAPs by visiting the office. Data were analyzed using multiple regression. The results of this study indicate that 1) Gender has no effect on audit judgment, 2) Locus of Control has a positive influence on audit judgment, 3) Seniority Auditor has a positive influence on audit judgment, and 4) Gender, Locus of Control, and Seniority Auditor simultaneously affects the audit assessment. This research implies that it can be used as development materials and knowledge in accounting, especially in auditing, especially in the field of audit interest judgment. For the development of science, it is better to review an auditor's performance in making an audit judgment to identify new factors as possible influences on audit judgment.

Factors impacting strategic management accounting adoption: Empirical evidence from an emerging market

Strategic management accounting (SMA) is an advanced management tool that provides valuable information to aid managers in making strategic decisions for both long-term and short-term choices. Many factors motivated managers to adopt strategic management accounting (SMA) practices in their enterprises. Furthermore, strategic management accounting (SMA) techniques also consider external stakeholders such as customers, suppliers and regulators. Therefore, there may be various aspects of the external working environment that impact SMA implementations. On the other hand, strategic management accounting (SMA) also helps managers manage costs and resources effectively. Other internal factors such as managers’ perceptions about SMA, the knowledge of accountants and technologies also significantly impact the adoption of SMA techniques. The study’s main objective is to investigate the factors that affect SMA implementation in Vietnamese enterprises. Purposive techniques are used in the study’s explorative quantitative survey approach and data collection. Data from 305 Vietnamese enterprises are included in the sample. The findings demonstrate that the adoption of SMA practices is positively associated with four factors including top management teams, corporate culture, perceived environmental uncertainty and management networking.

Factors Influencing The Use Of Accounting Information On SMEs In Padang

This study examines and analyses the factors that influence SMEs to use accounting information in their business. The method of determining the sampling in this study using purposive sampling. The type of data used in this study is primary data obtained through distributing research questionnaires to SMEs in the city of Padang. Data analysis techniques using multiple regression analysis and tested by t-test. The results of this study indicate that the level of education and accounting knowledge has a positive effect on the use of accounting information on SMEs. At the same time, business experience and entrepreneurial spirit do not affect the use of information systems in SMEs in Padang City.

The Effect Of Accounting Knowledge And Business Scale On The Preparation Of SAK EMKM Financial Statements (Empirical Study of MSMEs in Kota Manna District of South Bengkulu Regency)

One of efforts to improve the performance and sustainability of MSMEs is to improve the understanding of MSME owners on an understanding of accounting. It can assist MSME actors in properly recording, so that business profits can be correctly identified and their management and accountability can be properly accounted. The purpose of this study is to obtain evidence about the effect of accounting knowledge and bussines scale on the preparation of SAK EMKM financial statements for MSMEs in kota Manna district of South Bengkulu Regency. This research technique was quantitative descriptive type. The data was collected by using the observation, questionnaires and documentation. The methods of data analysis used were the descriptive data analysis and multiple regression analysis with α 0.05. The results of this study indicate that partially the accounting knowledge has a positive and significant effect on the preparation of SAK EMKM financial statements, while the business scale does not have a significant effect on the preparation of SAK EMKM financial statements. There is simultaneously the effect of the accounting knowledge and the business scale on the preparation of SAK EMKM financial reports. Keywords: Knowledge of Accounting, Business Scale, SAK EMKM, Financial Statements

The Causes of Low Learning Achievement of Sharia Accounting Subject Among Sharia Economics Students

The purpose of this research is to find empirical evidence that causes low learning achievements in sharia accounting subject on sharia economics students. This study uses a qualitative interpretive case study method to explore and reveal information that cannot be explained by other research methods, as well as conducting causal investigations related to an event being studied. The research findings are there is an internal and external factor that caused the low learning achievement on sharia accounting subjects. The internal factors within the students include: First, the lack of basic knowledge of introductory accounting. Second, The low interest and motivation in subjects that use mathematical calculations. Third, No motivation to study the supporter subjects (introductory accounting fiqh muamalah) independently. The external factors that caused the low learning achievement among sharia economics students are: First, the learning duration in the class room, Second, the existing curriculum does not accommodate the success of learning achievement. Third, the learning environment is not conducive.

PROBLEMS ARISING IN THE ACCOUNTING OF CRYPTOCURRENCIES

The study provides detailed information about the cryptocurrency market as an IFRS object and indicates the methods of their accounting and their features. Data on the change in the total market capitalization of cryptocurrencies are shown, and the reasons for which they went into decline are revealed. Companies that may be interested in accounting for cryptocurrencies under IFRS are considered, as well as the official guidance of the IASB on the issue of accounting and reporting of cryptocurrencies, issued several years ago, is analyzed. Two standards IAS 38 "Intangible Assets" and IAS 2 "Inventories" are analyzed and the reasons why for which the company's cryptocurrency is mainly accounted for either as part of intangible assets or as part of inventories. The foreign experience of some companies that reflect the cryptocurrency according to IFRS is studied, as well as Azerbaijan's practice in this area is considered. Accounting standards have not yet been fully developed, as cryptocurrency has different characteristics from traditional financial assets. Therefore, businesses may experience uncertainty regarding the accounting of cryptocurrency. It is important for businesses to maintain proper accounting records regarding cryptocurrency. These records help businesses meet their tax obligations related to the purchase, sale and exchange of cryptocurrency. However, it can be difficult to find staff with adequate knowledge of accounting and recording cryptocurrency.

Knowledge and skills extraction from the job requirements texts

The analysis of the requirements for vacancies in the labor market shows that they are multi-level language constructions of several words with complex semantic relationships. The aim of the research is to develop a method for extracting short texts of knowledge and skills from texts of job requirements that have a complex organizational structure. The method consists in supplementing the structure of complex sentences with new relationships by means of a BERT neural network model trained on the texts of online vacancies and moving from a complex text to a set of simple word combinations. The process of additional training (finetunig) of BERT neural network models from the Sberbank AI laboratory on the texts of online vacancies is shown. Two mechanisms for adding new links between requirements words, taking into account knowledge from the subject area, are implemented: linear and through the addition of the parsing tree. In the course of the experiment, a comparative analysis was carried out for several combinations of the listed tools. The combination that showed the best result was 'the BERT + deeppavlov_syntax_parser model + a linear method of adding links'. The applicability of the method was demonstrated on the text corpus of online job requirements. The proposed method has shown higher efficiency than the rule-based approach, which involves the use of formal rules and grammar rules for natural language analysis. Using the method will allow you to quickly identify the key changes in the needs of the labor market at the level of requirements texts of individual knowledge and skills.

STUDI NETNOGRAFI TINJAUAN EFEKTIVITAS KONSULTASI KEUANGAN DAN AKUNTANSI PADA APLIKASI QUORA BAGI PARA PELAKU UMKM

One of the drivers of economic growth in Indonesia cannot be separated from the involvement of the influence of MSMEs. The reality in Indonesia, MSMEs have not paid attention to the importance of financial accounting knowledge and do not use accounting information in running a business. The purpose of this study is to utilize social media, namely the Quora application that can be used by MSME actors as business finance and accounting consulting for their business ventures. This study uses the netnographic method for the constructivist paradigm that depends on the reality that is formed in society. It is not how someone sends a message, but from the communicator or communicant to form and exchange meaning. The findings show that Quorawan's questions revolve around consulting the importance of financial management for MSMEs, android applications or software that can be used for MSME financial bookkeeping, MSME taxes that must be reported, the application of SAK EMKM by MSMEs, neat accounting records for MSMEs, sharing knowledge of accounting for MSME development, and so on. SAK EMKM is much simpler for MSMEs to implement, compared to SAK ETAP. Financial and accounting consultations are constructivist in nature, depending on the reality formed by the Quorawans as MSME actors in the Quora application. This study recommends that the central government and local governments appreciate financial reports on MSMEs that are constructivist and based on SAK EMKM compiled by the Indonesian Institute of Accountants (IAI).