The Importance of International Accounting Differences in the Theory and Practice
Issue:
Volume 6, Issue 3, June 2017
Pages:
30-37
Received:
19 January 2017
Accepted:
10 February 2017
Published:
23 June 2017
Abstract: In this paper we will focus on why accounting and financial reporting systems developed differently in different countries. At the end we will pay attention to research approaches which try to explain, with the help of this national characteristics, the differences in the degree of accounting quality observed between various countries, even after these countries switched to mandatory compliance with IFRS for listed groups The limits mentioned are set by standard setters in different countries or international standard setters such as the IASB, which promulgate the methods of recognition and measurement, consolidation presentation and disclosure that the company must comply with. Some standard setters allow many options with regard to those issues. Other standard setters are strict and prescribe, for example one specific measurement method for a specific asset. Companies located in countries where standard setters allow many choices with regard to recognition and measurement issues have much more accounting flexibility in the presentation and valuation of this assets, liabilities, earnings and financial position. As a result, users of financial statements of companies located in countries with accounting flexibility will face more problems comparing the performance of different companies with one another than users of annual accounts of companies located in countries with very little accounting flexibility. Harmonization increases the comparability of financial information and creates more transparency for the users of financial information. As a result, the information asymmetry between stakeholders and the companies decreases. This will lead to a lower cost of capital for companies [see for example Leuz and Verrecchia, 2000, Botosan and Plumblee, 2002] and the increase in the market liquidity [Lambert et al. 2007, Daske et al. 2008]. Today the comparability of financial information published by listed groups might have improved, but the situation for the large majority of non listed companies [often SMEs] has not improved yet.
Abstract: In this paper we will focus on why accounting and financial reporting systems developed differently in different countries. At the end we will pay attention to research approaches which try to explain, with the help of this national characteristics, the differences in the degree of accounting quality observed between various countries, even after t...
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Analysis of Technical Efficiency of Rural Bank in Tasikmalaya Indonesia Using Data Envelopment Analysis (DEA) Approach
Noneng Masitoh,
Irman Firmansyah
Issue:
Volume 6, Issue 3, June 2017
Pages:
38-43
Received:
10 May 2017
Accepted:
22 June 2017
Published:
10 August 2017
Abstract: This study aimed to implement a model of assessment of the level of efficiency in Rural Bank with non-parametric statistical approach. This research was conducted at Rural Bank in the Tasikmalaya City with a span that is in 2013 and 2014. The analysis tool used is Data Envelopment Analysis (DEA). The results showed that of 5 Rural Bank, as many as 4 Rural Bankexperiencing technical efficiency in 2013 and 2014. Among those who have efficient that Artha Galunggung, Artha Sukapura, Artha Jaya Mandiri and Pola Dana. While 1 Rural Bank that has not experienced the efficiency during the study period, namely Siliwangi. The cause of the inefficiency of Siliwangi are too much assets, too much third party fund unemployed, too much deposits are unemployed, so the lack of credit, as well as too the lack of operating income. So in order to achieve optimal efficiency it must reduce its assets by 15%, decrease in deposits from savings by 21% and reduced deposits by 42%, should increase lending as much as 6% and operating income should be increased as much as 6%. Whereas in 2014, Siliwangi be in a position decreasing (declining condition) or the condition through a period of efficient, so it can not be given a solution.
Abstract: This study aimed to implement a model of assessment of the level of efficiency in Rural Bank with non-parametric statistical approach. This research was conducted at Rural Bank in the Tasikmalaya City with a span that is in 2013 and 2014. The analysis tool used is Data Envelopment Analysis (DEA). The results showed that of 5 Rural Bank, as many as ...
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