Modern Advanced Accounting

description15 papers

group95 followers

lightbulbAbout this topic

Modern Advanced Accounting is a specialized field of accounting that focuses on complex financial reporting, consolidation of financial statements, international accounting standards, and advanced topics such as derivatives, hedging, and financial instruments, emphasizing the application of theoretical concepts to real-world financial scenarios and compliance with regulatory frameworks.

lightbulbAbout this topic

Key research themes

1. How are accounting education and conceptual frameworks evolving to address modern complexities in financial reporting and ethical standards?

This theme focuses on the development of accounting education materials and conceptual frameworks that incorporate advanced accounting theories, standards (such as IASs/IFRSs), ethical considerations, and pedagogical approaches aimed at improving the understanding and application of accounting in complex business environments. It includes the integration of global standards, ethical challenges, and new pedagogical models that help learners grasp both theoretical and practical aspects of accounting.

FINANCIAL ACCOUNTING AND REPORTING

by Suhel baig

2017

Key finding: The work presents a comprehensive educational framework that integrates current IASs and IFRSs, highlights the procedural steps for internal and external reporting, and addresses ethical issues including whistle-blowing and... Read more

articleView Paper downloadDownload

Financial Accounting for Management, Third Edition, Paresh Shah, Oxford University Press

by Dr. Paresh Shah

2025, Journal of Business Strategy and Finance

Key finding: Paresh Shah introduces the 'Modern Approach of Accounting' which moves beyond the traditional 'Golden Rule' paradigm, restructuring accounting around five nature types of accounts linked by an arithmetical equation. This... Read more

articleView Paper downloadDownload

Strategic Management Accounting – a Messiah for Management Accounting?

by Haider Shah

2022, Australian Journal of Business and Management Research

Key finding: The paper critically examines the limitations of traditional management accounting’s contribution to managerial decision-making and explores the potential of strategic management accounting (SMA) to fill these gaps by... Read more

articleView Paper downloadDownload

Basic cost accounting terminology: An English-German dictionary

by Janice Wobst

2022, Corporate Ownership and Control

Key finding: This research develops a specialized English-German dictionary focused explicitly on cost accounting terminology to address linguistic and philosophical differences across countries. By grounding translations in... Read more

articleView Paper downloadDownload

MANAGEMENT ACCOUNTING: CONCEPTS AND TECHNIQUES

by Mohibul Islam

2016

Key finding: The text offers an academically sound introduction to cost and management accounting, emphasizing different ways of constructing accounting information for varied managerial purposes. It elaborates on cost accumulation,... Read more

articleView Paper downloadDownload

keyboard_arrow_downShow more

2. What historical perspectives and interdisciplinary approaches inform the contemporary understanding and future directions of accounting research?

This theme captures the role of accounting history and interdisciplinary research in shaping modern accounting scholarship. It investigates how historical methodologies enrich accounting theory, how interdisciplinary frameworks challenge orthodoxies, and how these insights inform future accounting research that integrates social sciences, history, and critical theory to address broader societal challenges.

Accounting's Past, Present and Future: The Unifying Power of History

by Christopher Napier

2015

Key finding: The paper assesses the impact of a 1996 AAAJ special issue advocating critical and interpretive accounting histories, showing increased engagement with theoretical perspectives among accounting historians since then. It... Read more

articleView Paper downloadDownload

Quo vadis? The future of interdisciplinary accounting research We dedicate this Special Issue of Critical Perspectives on Accounting (CPA) to

by Marion Brivot (born: Lecomte)

2023, Critical Perspectives on Accounting

Key finding: This work defines interdisciplinary accounting research (IAR) and distinguishes strategic from critical approaches, highlighting how the latter interrogates established assumptions using diverse social science frameworks. It... Read more

articleView Paper downloadDownload

Legacy of the Golden Age: Recent Developments in the Methodology of Accounting

by Michael Gaffikin

2016, Abacus

Key finding: This historical study reveals that despite methodological shifts since the so-called 'golden age' of accounting research (~1970), core ontological and epistemological presuppositions have remained constant, with both past and... Read more

articleView Paper downloadDownload

HISTORY OF ACCOUNTING FROM THE ANCIENT CIVILIZATIONS TO THE OTTOMAN EMPIRE AND REPUBLIC OF TURKEY

by Cevdet KIZIL (M.B.A., M.S., Ph.D., CPA-SMMM, CICA, CCS, ISO27001 LA, ISO9001 LA, CEO)

2023, EKEV Akademi Dergisi (EKEV Academy Journal)

Key finding: This research traces the origins and evolution of accounting from ancient civilizations through Ottoman and modern Turkish contexts, underscoring accounting’s role as a response to societal needs and its continuous adaptation... Read more

articleView Paper downloadDownload

Module Handbook Accounting Research

by Anup Kumar Saha

2016

Key finding: The handbook provides a structured framework for accounting research education, emphasizing theoretical frameworks, hypothesis development, content analysis, and methodological rigor. It advocates literature review,... Read more

articleView Paper downloadDownload

keyboard_arrow_downShow more

3. How do audit firm characteristics and regulatory environments impact audit quality and financial accountability?

This theme explores empirical analyses of audit firm behaviors, fee structures, and regulatory challenges, especially focusing on smaller audit firms and their roles in various institutional settings with implications for audit quality and governance. It assesses the influence of network membership, regulatory oversight, and institutional trust on audit practices and financial reporting across different country contexts.

The International Journal of Accounting Vol 52 Issue 3 2017 39 55 dikonversi

by Milla Chan

2019, International Journal of Accounting

Key finding: The study analyzes non-Big N audit firms’ participation in international networks, highlighting that network membership can lead to higher audit fees due to reputational benefits and resource sharing. However, in China’s weak... Read more

articleView Paper downloadDownload

The effectiveness of internal audit in Malaysian public sector

by Radiah Othman

2023, Journal of Modern Accounting …

Key finding: This empirical research reveals that internal auditing in Malaysian public sector entities has faced limitations due to inadequate personnel numbers and skill deficiencies, leading to suboptimal effectiveness in promoting... Read more

articleView Paper downloadDownload

keyboard_arrow_downShow more

All papers in Modern Advanced Accounting

The effectiveness of internal audit in Malaysian public sector

by Radiah Othman

2023, Journal of Modern Accounting …

英文摘要 Internal audit in Malaysian public and private sector organizations underwent a steady organic growth since gaining a foothold in the management process in the 1970s. The management of the Malaysian public sector is continuously... more

Table 1 Position of respondents in the organization Notes: *: Director, assistant director, manager, IT officer, assistant accountant and clerk.

Table 2 Professional qualification Table 3 Highest level of education of respondents

With regards to the first issue of this study, the respondents were requested to solicit their opinion on main problems generally faced by internal audit function in the public sector. Based on the responses obtained, a simple ranking is prepared. The ranking for each problem in this study is based on the number of occurrence i.e. number of times the problems are mentioned by the respondents in the questionnaires. The main reason for the researchers to rank the problems faced by the internal audit function is to demonstrate the relative weighting in the overall assessment of the major problems as perceived by the participants of the symposium. Table 4 ranks the top ten main problems faced by internal audit function, where ‘1’ is equal to the problem most frequently mentioned by the respondents. On the other hand, ‘10’ is equal to the problem least frequently stated by the respondents. The findings indicate that lack of audit staff is problem most frequently cited by the respondents. The findings reveal that 28 (19.3%) respondents mentioned that lack of audit staff is a major problem faced by internal auditors. As shown in Table 4, inadequate audit staff is ranked first and is considered as major setback that can restrain the effectiveness of internal audit function in the public sector. This finding is consistent with the findings of Ali, et al. (2007) where lack of number of audit personnel and incompetence of the audit personnel are two obvious factors that inhibit the internal audit function in states and local governments in Malaysia from meeting its’ full potential. This result is also consistent with study by Brierley, et al.(2001) in Sudanese public sector which found out that the internal audit departments were significantly understaffed compared to the duties they were expected to perform. Generally, the findings suggest that lack of staff in the internal audit function is a problem not only

Full support and commitment from top management is vital for internal audit function to meet its’ ful otential and to function effectively. As the responses indicate, inadequate support and commitment from toy nanagement is the second major problem faced by the internal audit function. The findings show that 19 (13.1% espondents mention that lack of support from top management is a major problem encountered by internal audi unction. This result is of some concern as it suggests that many internal auditors in the public sector may not hav nough support from top management to adequately fulfill their responsibilities. Result of present study i onsistent with the findings of study conducted by NAD (2007). NAD claimed that the main factor tha ontributes towards the ineffectiveness of an internal audit function in local authorities was inadequate emphasi: laced by the management on the performance and role of internal auditing. Inadequate support from to] nanagement will hamper the capability of the internal audit function to achieve its missions and objectives. Thi s because recognition and appreciation of internal audit function within an organization is strongly relied on th support they obtain from top management. eae oe 2| ‘ape 7 ae “¥ * ae ae ., Table 4 Ranked ten main problems faced by the internal audit function in the public sector

Table 5 Ranked factors perceived to influence effectiveness of internal audit function Results of the study reveal that a majority of the respondents (48.4 %) perceive internal audit quality is the most important factor that will contribute to the effectiveness of internal audit function. This is consistent with the ‘esults of a case study carried out by Mihret and Yismaw (2007). The study also showed that internal audit quality strongly influenced the internal audit effectiveness. For the purpose of this study, internal audit competence, »bjectivity and quality of work performed are classified as internal audit quality as these factors are the important criteria used by external auditors in evaluating the internal audit quality. These quality factors of the internal audit function are prescribed by the external auditing standards (SAS 65 AICPA, 1997) and they have been studied

Table 5a Descriptions of internal audit quality As shown in Table 5, the support of top management is ranked as the second most important factor i contributing to the effectiveness of internal audit function after internal audit quality. Support of top managemer is significant to ascertain adequate consideration and actions are taken up on internal audit findings an ‘ecommendations. The respondents also emphasize that without the support from the top management it i lifficult for internal auditors to strengthen the internal audit function in an organization. Respondents expect th< op management will facilitate the internal audit departments with supplying adequate audit staff, better resource and remuneration to attract skilled and experienced staff. Consistent with prior studies, the importance of suppo! of top management is also highlighted by other researchers such as (HUNG & HAN, 1998; NAD, 2007 Van-Gansberghe, 2005). They pointed out that the functioning of the internal audit depends largely on th Attention paid and support from the top management.

Table 6 Cooperation between internal audit function and outside organizations in enhancing the effectiveness of internal audit function Table 6 Cooperation between internal audit function and outside organizations in enhancing the 4. Conclusion Cooperation between internal audit function and outside organization is not perceived by the respondents as ; 1ajor factor in enhancing the effectiveness of internal audit function. Table 6 illustrates that only a few of thi sspondents perceived that relationships with outside parties such as Anti Corruption Agency (ACA), Polic epartment and National Audit Department (NAD) as well as commitment from the Government will enhance th ffectiveness of internal audit function in the public sector. This is contradictory to the findings from th iterviews conducted in the study done by Ali, et al. (2007) whereby many of the respondents believe that stron; upport from federal government plays a crucial role in ensuring the success of internal audit in the state and loca overnments in Malaysia. This may be because the respondents of current study perceived that direction anc mphasis by external parties on internal audit function will be pointless if top management and those within th rganization perceive the objective of internal auditing is only to portray deficiencies in their work. This study identifies the major problems faced by internal audit function in the public sector organizatio1 and hopes to provide useful insight on the factors contribute to the effectiveness of internal audit as perceived b the participants of the symposium. Overall, the findings of the study show that the lack of audit staff is ranked < the major problem faced by internal auditors in conducting an effective internal auditing. This needs utmo; consideration and attention of related parties such as the top management and the audit committee in their effo for sound governance and accountability in their organizations. The findings of this study are consistent with tk previous studies that highlight the importance of internal audit quality to enhance the effectiveness of intern: audit function. As such, it is essential to highlight and emphasize on internal audit competence, objectivity an quality of work performed. Otherwise, internal audit function will face difficulties in achieving its’ effectivenes Overall, it can be concluded that the change and improvement of internal audit function in the public sector wi be a lengthy and slow process if existing problems are not overcome. Hence, effectiveness of internal aud function will be easy to say than done. This study is subject to its limitations. The results are those of a relatively small sample and thus they me This study identifies the major problems faced by internal audit function in the public sector organizations

descriptionView Paper arrow_downwardDownload

The effectiveness of internal audit in Malaysian public sector

by Rohana Othman

2022, Journal of Modern Accounting …

descriptionView Paper arrow_downwardDownload

Importance of Internal Audit Capability in Management Accounting and Organization Performance

by Hasnah Haron

2022

The purpose of this paper is to explain the importance of internal audit capability in enhancing the management accounting and performance of Malaysian public sector organizations. The structure of public sector organization in Malaysia... more

descriptionView Paper arrow_downwardDownload

The Relationship Between the Real Estate Market and the Stock Market and Its Impact on the Strategic Planning Process in the Jordanian Organizations

by ahmad areiqat

2022

This study aims at the relationship between the real estate market and Amman Stock Exchange, through the impact of three macroeconomic factors (GDP, inflation rate, and the population growth rate) and another three factors from the... more

descriptionView Paper arrow_downwardDownload

The effectiveness of internal audit in Malaysian public sector

by Kamaruzaman Jusoff

2021, Journal of Modern Accounting …

descriptionView Paper arrow_downwardDownload

The effectiveness of internal audit in Malaysian public sector

by nasibah ahmad

2021, Journal of Modern Accounting …

descriptionView Paper arrow_downwardDownload

Investigating the impact of antecedents of internal audit function effectiveness at a private university in Ghana.

by Theuns Pelser

2021, Acta Commercii

The need for sound corporate governance has directed attention to internal auditing as a corporate governance tool and mechanism in both public and private sector organisations. Research purpose: The study examined the impact of... more

descriptionView Paper arrow_downwardDownload