Transparency Of Financial Statements Research Articles

Building transparency and reproducibility into the practice of pharmacoepidemiology and outcomes research.

Real-world evidence (RWE) studies are increasingly used to inform policy and clinical decisions. However, there remain concerns about the credibility and reproducibility of RWE studies. Observational researchers should highlight the level of transparency of their studies by providing a succinct statement addressing study transparency with the publication of every paper, poster, or presentation that reports on a RWE study. In this paper, we propose a framework for an explicit transparency statement that declares the level of transparency a given RWE study has achieved across five key domains: 1) protocol, 2) pre-registration, 3) data, 4) code sharing, and 5) reporting checklists.

Does XBRL adoption increase financial information transparency in digital disclosure environment? Insights from emerging markets

The eXtensible Business Reporting Language (XBRL) is one of the global-level business reporting standards that accommodates all firms to report financial affairs in a convenient manner. The main objective of this study is to explain the impact of XBRL adoption on the transparency of financial information disclosure in Jordanian financial companies. The current study used a sample of 124 respondents including accounting managers, auditors, and financial managers with a background in XBRL who are working in Jordanian financial firms. The findings confirmed that the adoption of XBRL in Jordanian financial firms increases financial information transparency in the digital disclosure environment which leads to more relevant, reliable, and transparent financial statements disclosure. One main implication the current study heightened is the importance of turning to the implementation of the XBRL will support the process of decision making which will support and enhance both the performance and decision-making process. Lastly, this research effort is the first of its kind that examined the impact of XBRL on the transparency of financial information from the financial firms' perspective in Jordan as a developing country.

Harmonization of capital accounting in Azerbaijan commercial enterprises in accordance with IFRS requirements

The topic of the research related to capital accounting in commercial enterprises is relevant, as the harmonization of this process in accordance with the requirements of International Financial Reporting Standards (IFRS) becomes an integral component for attracting investment, increasing the transparency of financial reporting, and maintaining competitiveness in the global market. The purpose of the study is to develop and implement the methodology of capital accounting in the accounting activities of commercial enterprises of the Republic of Azerbaijan. Among the methods used, analytical method, statistical method, functional method, method of system analysis, method of deduction, method of synthesis and method of comparison were applied. The research was aimed at in-depth analysis of the essence of capital accounting in Azerbaijani commercial enterprises in the context of modern conditions of market economy. The main attention was paid to the study of the legal and regulatory framework, peculiarities of the authorized capital of limited and joint stock organizations. Within the framework of the research, the key elements of development of financial accounting of capitals complying with IFRS requirements were identified. In addition, specific examples of synthetic accounting of business transactions for capital formation at commercial enterprises are provided, as well as the rules of their reflection in the financial statements are outlined. Special attention is paid to the fundamentals of new accounting rules developed to meet IFRS requirements. As a result of the study, solutions have been proposed to eliminate problems related to capital accounting in accordance with IFRS requirements in the activities of Azerbaijani commercial enterprises. These solutions are oriented to harmonize accounting practices with international standards, improve transparency of financial statements and increase attractiveness for potential investors. The results can be used for Azerbaijani commercial enterprises, contributing to the improvement of financial transparency, attractiveness for investors and harmonization of accounting practices with global standards

Model uncertainty versus variability in the life cycle assessment of commercial fisheries

AbstractResults from life cycle assessment (LCA) studies are sensitive to modeling choices and data used in building the underlying model. This is also relevant for the case of fisheries and LCAs of fish products. Fisheries' product systems show both multifunctionality because of the simultaneous co‐catch of multiple species and potential constraints to supply due to natural stock limits or socially established limits such as quota systems. The performance of fisheries also varies across seasons, locations, vessels, and target species. In this study, we investigate the combined effect of modeling choices and variability on the uncertainty of LCA results of fish products. We use time series data from official Danish statistics for catch and fuel use of several fisheries disaggregated using a top‐down procedure. We apply multiple modeling approaches with different assumptions regarding the type of partitioning, substitution, and constraints. The analysis demonstrates that, in the presence of relevant multifunctionality, the results are substantially affected by the modeling approach chosen. These findings are robust across years and fisheries, indicating that modeling choices contribute to uncertainty more than the variability in fishing conditions. We stress the need for a more careful alignment of research questions and methods for LCA studies of fisheries and recommend a very transparent statement of assumptions, combined with uncertainty and sensitivity analysis. This article met the requirements for a gold‐gold data openness badge described at http://jie.click.badges.

The Evolution of Generally Accepted Accounting Principles: A Focused Look into the International Financial Reporting Standards

Financial reporting has long been an essential lens through which shareholders assess the managements operation of companies and through which external users such as potential investors evaluate how companies are structured and perform financially for economic decision-making. For this reason, the truth and fairness of financial statements is emphasized in financial accounting to reflect the economic substance over the legal form. As cross-border trades and investments grew by leaps and bounds after the World War II, a call for a globally uniform and consistent set of accounting standards thrived in full swing. Hence, the genesis of IAS and subsequently IFRS for better quality, comparability, understandability, and transparency of financial statements. Over recent years, the trend in accounting harmonization with gradual convergence between IFRS and US GAAP has also become prominent. However, accounting standards are never perfect in presenting economic reality upon their inception. Blatant financial scandals play an indispensable role in shaping accounting standards for improvements. This paper takes a focused look into IFRS to examine how the generally accepted accounting principles evolve in reaction to scandals and loopholes criticized, with a detailed analysis of the standards for leases and revenue recognition. A generic discussion on the difference and convergence between IFRS and US GAAP concludes this paper.

ENHANCING FINANCIAL TRANSPARENCY IN INDONESIAN REGIONAL GOVERNMENT: A VARIANCE ANALYSIS APPROACH (Evidence From Government of Enrekang Regency, South Sulawesi Province - Indonesia)

Purpose: Although the strangulation related to regional autonomy has long been rolling and applied by all regions of the provincial capital that existed in Indonesia, it still leaves various issues, especially regarding performance achieved through financial management. This study aims to analyze and look at the achievement of financial performance accountability concerning using expenditure income budgets.
 Method: The analysis method used is an analysis of variance and growth through two significant stages of the investigation, each through two testing processes. The data used is time-series data about the realization of using the expenditure budget in the 2016-2020 period.
 Findings: The results show an income budget of 93.64%, a 90.95% expenditure budget, a revenue budget growth of 3.78%, and a spending growth of 4.49%. Although statistically, the use of the budget and the revenue and expenditure growth rate has increased on the revenue usage side, it could have been more efficient and proven to be a high percentage of income used in financing district government spending. The government should have undertaken and implemented strategies to adjust for the use of the budget.
 Novelty: Some research related to the issue of transparency of financial statements through this approach has been carried out previously, but the differences are present at the time of the study. The limitation of this study is not to analyze the ratio needed and not to analyze the period cut off in the current budget period and for researchers conducting similar research to meet research limitations and expand sampling.

Effect of Internal Control, Accountability, and Transparency of Financial Statements on the Financial Statements Quality (Case Study on Amil Zakat Institute of the Indonesian Zakat Initiative)

Purpose: This study seeks to examine the impact of internal control, accountability, and transparency on the quality of financial statements.
 Methodology: Data for this study was primarily collected through questionnaires distributed to respondents. The questionnaires covered aspects of internal control, accountability, transparency, and financial statement quality. The study focused on the Amil Zakat Institute of the Indonesian Zakat Initiative as the population, and a purposive sampling method was used to select 35 samples. The research methodology involved descriptive statistical analysis, testing of classical assumptions, and multiple linear regression with subsequent hypothesis testing.
 Findings: The findings indicate that transparency has a positive and significant influence on the quality of financial statements. However, accountability and internal control factors do not demonstrate a significant impact on financial statement quality. Nevertheless, when considered together, the variables of internal control, accountability, and transparency do significantly affect the quality of financial statements.
 Implications: Financial statements will be useful to users if the information presented in these financial reports is understandable, relevant, reliable and comparable.

Accountability and Transparency of Financial Statements of the National Zakat Agency (BAZNAS) of Magelang Regency in Maximizing Zakat Potential

This writing aims to find out how the zakat management system, accountability and transparency of the financial statements of the Amil Zakat Agency (BAZNAS) Magelang Regency. With a good system, can it increase or maximize the potential of zakat collected. Zakat management is a planning activity, which is related to distribution policies to implementation, and coordination in the operationalization of zakat, infaq and alms. The management of zakat must of course be based on the responsibility of the institution or organization that is sharia-compliant with the principles of trust, benefit, objectivity, justice, legal certainty, integration, and accountability.

Teori agensi : Teori agensi dalam perspektif akuntansi syariah

The application of Islamic accounting in Islamic banking companies has developed. Sharia accounting has the principle of disclosure based on Allah's orders in accordance with the principles of Islamic law fully and openly in submitting its financial statements, therefore disclosure of halal and nonhalal transactions is required as a form of responsibility to the public in accordance with AAOIFI and PSAK standards. However, this application often causes problems in agency theory regarding conflicts of interest that are not commensurate between the principal and the management. Therefore, the purpose of this study is to find out the theory of agency in the perspective of Sharia accounting. The method used in this study is a literature study method, by looking for relevant reference theories based on existing cases or problems. The results of this study show that it is very necessary to present transparent financial statements in order to reduce agency problems so that this can show evidence so that there is no information hidden by each company. With the transparency of this report, it can show that managers have honest and trustworthy behavior and do not commit acts prohibited by religion.

The Conceptual Framework of Moral Intensity Moderating Effect on The Relationship between Accounting Students’ Attitude forward Community Services and Soft Skills

Cases of accounting fraud emerge one after another in companies around the world. Although listed companies are required to disclose accurate and transparent financial statements in time, and these financial statements are audited by certified public accountants, it is still difficult to avoid the occurrence of accounting fraud. The purpose of this study is to study the stage of accountants' learning moral education in universities on the basis of the original corporate governance. Based on the experiential learning theory, this paper offers the conceptual framework regarding the moderating effect of moral intensity in the relationship Between Accounting students' attitude forward community services and soft skills. The lab uses questionnaires to collect data on students' attitudes, soft skills and moral strength toward community service. Data collected to validate students' attitudes toward community service can improve their soft skills, and this relationship will be further consolidated under the positive regulation of moral strength.

Implementation of Accountability and Transparency In The Allocation of School Operational Assistance Funds (BOS) During Covid-19.

UPT SD Negeri 191 Bubun Bia is one of the public schools that also received attention in the form of BOS funds from the government. The purpose of this study was to find out how to apply the principles of transparency and accountability in the management of BOS funds during the COVID-19 pandemic at UPT SD Negeri 191 Bubun Bia. This study uses qualitative methods with descriptive analysis and data collection techniques by means of observation, interviews, and documentation. The distribution of BOS Funds is based on the total number of students, totaling 104 students. The population in this study amounted to 218 people with a sample using purposive sampling of as many as 9 people. The results showed that the application of the principle of transparency at the UPT SD Negeri 191 Bubun Bia was transparent, as seen from the openness in the planning of preparing the RKAS. The benefits of this research are to provide mutual trust between various parties and the transparency of financial statements that can be accounted for

Pendampingan Penyusunan Laporan Keuangan BUMNag Saiyo Sakato Nagari Gurun Menggunakan Microsoft Excel Sederhana

BUMNag Saiyo Sakato Nagari Gurun which has the obligation to present financial statement transparency as a from of accountability has not recorded in detail and is not in accordance with applicable accounting standards, namely Financial Accounting Standards for Entities Without Public Accountability (SAK-ETAP). This service aims to improve the understanding and skills of managers in compiling the financial reports of BUMNag Saiyo Sakato based on SAK-ETAP. The method used is mentoring with a participatory approach from the manager starting from the initial survey, and Focus Group Discussion (FGD), followed by the delivery of material and then direct practice accompanied by the Team. The results of this study contribute to and increase the understanding and capacity of BUMNag Managers in recording transactions up to the BUMNag financial reporting stage.

The effect of earnings management on investment efficiency moderated by ceo remuneration

The purpose of this research is to analysis the effect of earnings management on investment efficiency, and also included remuneration CEO as moderating variable. The object of this study is manufacturing company listed on Indonesia Stock Exchanges from 2017 to 2020. The research data are processed through the statistical application of Statistical Product and Service Solutions (SPSS) 25 and Smart PLS (Partial Least Square) 3.2.9. The research results found that earnings management has no significant effect on investment efficiency. Moreover, research results also found that CEO remuneration can moderate the relationship between earnings management and investment efficiency. The findings of this study are beneficial for corporate governance in making investment decisions as well as protecting investors by reflecting the transparency of financial statements to avoid managerial opportunistic. A strong mechanism for management is important in preventing opportunism, due to certain earnings management motivations will be carried out in order to increase the amount of compensation incentives. The novelty of this research provides new insight into how CEO remuneration moderates the relationship between earnings management and investment efficiency.

Studies on Transparency of Financial Statements, Management of Zakat and Attitudes of Amil and Efforts to Increase Muzakki's Trust

This study aims to obtain empirical evidence regarding the effect of financial statement transparency, zakat management, and amil attitudes on the level of trust of muzakki. The population used in this study is the muzakki who pay zakat through an amil institution called the Yatim Mandiri Institution. The data analysis technique was used Partial Least Square with SmartPLS version 3. The results of this study found the effect of zakat management and amil attitudes on the level of trust of muzakki, while the transparency of financial statements was not empirically proven to affect the level of trust of muzakki. Trustworthy and professional management of zakat can increase effectiveness and efficiency as well as increase the benefits of zakat for the welfare of the community so that it has a significant impact on the level of trust of muzakki towards amil zakat institutions. The attitude of amil who is always responsive and serves the best and places a priority scale in the distribution of zakat funds has proven to have a significant impact in increasing muzakki's trust in the amil zakat institution.

Pengaruh Ukuran Perusahaan, Umur Perusahaan, Likuiditas, dan Leverage terhadap Audit Report Lag (Studi pada Perusahaan Consumer Goods Terdaftar di BEI Tahun 2019-2020)

Financial statements contain useful information for many users. The usefulness of financial statements affects how the users need to analyze financial statements timely for the decision-making process. To maintain the accuracy and transparency of financial statements, each company must request an audit service from an audit firm, which requires a long time. This may lead to the phenomenon known as audit report lag. In concern of the timeliness of financial statement reporting, this research wanted to find a solution that can be taken by regulators and companies so that financial statements can be reported timely. The purpose of this research is to analyze the impact of firm size, firm age, liquidity, and leverage on audit report lag. This research is quantitative, using the simple random sampling technique. The samples used for this research are the consumer goods sector companies that are listed in BEI from 2019 until 2020, with a total of 72 samples used. The data is analyzed using SPSS 24 for the classic assumption test, descriptive statistical analysis, and multiple linear regression test. The results showed that firm size affects negatively the audit report lag, firm age also affects negatively toward the audit report lag, liquidity affects negatively audit report lag and leverage also affects the audit report lag negatively. The results also showed that firm size, firm age, liquidity, and leverage affect the audit report lag simultaneously. The implication of this research may help companies and regulators in supporting the timeliness of financial statement reporting.

The Influence of accountability and financial statements transparency on muzakki zakat paying consistency

Objectives - This study aims to measure the effect of accountability and financial statements transparency on muzakki zakat paying consistency in Baitul Maal, Langsa City.
 Method - The data used in this study is primary data using a questionnaire distributed to muzakki who pay zakat in Baitul Maal, Langsa City. The analytical technique used in this research is multiple linear regression analysis.
 The research results show that the variables of accountability and transparency of financial statements partially affect the consistency of muzakki in paying zakat in Baitul Maal, Langsa City. The adjusted R Square value is 54.8%, which shows that the variable of accountability and transparency of financial statements can explain the variable consistency of muzakki paying zakat in Baitul Maal, Langsa City, by 54.8%.
 Limitations – This study has limitations regarding the relatively small number of research subjects.
 Practical Implications – As a practical implication, the results of this study can be used as a reference by the government, especially zakat institutions, in increasing the accountability and transparency of financial reports on the consistency of muzakki in paying zakat.

Determinants Of Muzakki's Level Of Trust Towards The Amil Zakat Institution

The purpose of this study was to find out what factors increased muzakki's trust toward the Amil Zakat Institution (LAZ) with a study on LAZ Harapan Umat. The research with a quantitative approach and using a sample of 70 muzakki, found that the level of muzakki trust was influenced by transparency of financial statements, fund management and religiosity, while accountability had no effect on the level of muzakki trust.

Corporate Governance, Financial Accounting Information and Control Mechanisms: A Way to Combat Corruption

Purpose: Corporate governance has recently attained huge attention in corporate law and is considered an antidote to combat corporate corruption. The study aims to examine the relationship between; accounting information, corporate control mechanisms and corruption.
 Design/Methodology/Approach: It conducts a critical evaluation of the relevant literature that interrogates the contribution of good corporate governance of the financial accounting information as the use of externally reported financial accounting data in both direct and indirect ways.
 Findings: Results suggest that corporate control mechanisms are the most effective tools for reducing corruption from the supply side. These mechanisms are essential for improving the operation of securities markets, which in the uncertain environment of this era seek accurate and reliable information based on transparent financial statements.
 Implications/Originality/Value: This study will help to understand the significance of implementing corporate governance regulation, corporate control mechanisms and accounting information that can help eradicate corporate corruption. The use of transparent financial accounting information in corporate control systems improves the governance process efficacy, avoiding corporate corruption. It will suggest that corporate governance and control procedures can curb the offence of bribery and fraud by acting as a deterrent to corruption.

Does Accounting Information System on Financial Report Transparency: A Literature Review

The full implementation of the accounting system has begun. The practice is still facing various problems related to information systems, knowledge of accountants so that it has an impact on the transparency of financial reports. This study aims to conduct a literature review on increasing the transparency of financial statements through the application of an accounting information system. Research data was collected through literature review using a narrative review commentary. The research aims to provide education that financial statement transparency is very important, accounting information system as an influencing part. With literature review knowledge related to financial statement transparency will increase.

Sistem Informasi Akuntansi: Penerimaan Kas di Lembaga Zakat, Infaq, Shadaqah

The purpose of this research was to find out the application of accounting information systems at zakat, infaq, shadaqah institutions in an effort to improve internal control of cash receipts at LAZISMU Sidoarjo. In this research, the main focus is the Technology Acceptance Model (TAM), which was introduced by Davis in 1989, which is an adaptation of the Theory of Reasoned Action (TRA) which is a theory to model user acceptance of technology. This research approach used a qualitative approach with primary data sources. Data collection was obtained from interviews, observations and documentation. data validity techniques with triangulation models. The results of the study stated that the application of accounting information systems in LAZISMU Sidoarjo Regency has used a central system, namely ZISKA software stands for (Zakat, Infaq, Sadaqah, and Humanity). The advantages of the system are more detailed. However, there are obstacles that occur such as network disruptions and to prevent the risk of data loss data backup is performed. To anticipate any recording errors on cash receipts, cross-checks and evaluation are conducted through meetings. The use of forms or documents has been numbered printed. Transparent financial statements to the public. Cash deposits to the bank are done every day and directly deposited on bank working days. There are some weaknesses in the internal control element.