Literature review on accounting standards. Literature Review on the determination of accounting standards 2022-10-28
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René Descartes' Meditations on First Philosophy is a philosophical treatise that was published in 1641. The work is composed of six meditations, in which Descartes attempts to establish a firm foundation for the knowledge of the natural world.
The first meditation introduces the concept of doubt and skepticism. Descartes begins by questioning the reliability of his senses and the information that they provide. He argues that it is possible for one's senses to deceive them, and therefore, it is necessary to doubt everything that is not indubitable. This includes even seemingly self-evident truths, such as the existence of one's own body and the external world.
In the second meditation, Descartes introduces the concept of the "cogito," or the idea that "I think, therefore I am." He argues that this idea cannot be doubted, as even the act of doubting one's own existence requires the existence of a thinker. Therefore, Descartes concludes that the existence of the self is the only thing that can be considered certain.
The third meditation introduces the concept of the "clear and distinct idea," which is a concept that can be intellectually grasped without any doubt. Descartes uses this concept to argue that the existence of God can be proven through reason alone. He asserts that the idea of a perfect being is a clear and distinct idea, and therefore, the existence of such a being must be true.
The fourth meditation introduces the concept of the "causal principle," which states that every effect must have a cause. Descartes uses this principle to argue that the cause of his own existence must be a being that is at least as perfect as himself. He concludes that this being must be God, as there cannot be a being that is more perfect than God.
The fifth meditation introduces the concept of the "substance dualism," which states that there are two kinds of substance in the world: material substance, which is composed of matter, and immaterial substance, which is composed of consciousness. Descartes argues that the mind, or consciousness, is an immaterial substance that is distinct from the body, which is a material substance.
The sixth meditation introduces the concept of the "union of mind and body," or the relationship between the immaterial mind and the material body. Descartes argues that the mind and the body are intimately connected, and that the actions of the mind can have an effect on the body, and vice versa.
In conclusion, Descartes' Meditations on First Philosophy is a philosophical treatise that explores the foundations of knowledge and the nature of the self and the world. Through his concepts of doubt, the cogito, clear and distinct ideas, the causal principle, substance dualism, and the union of mind and body, Descartes sought to establish a firm foundation for the knowledge of the natural world.
(PDF) A Literature Review On Human Resource Accounting
IFRS convergence and revisions: Value relevance of accounting information quality from East Africa. If you work or plan to work in the accounting field, it may be helpful to learn about accounting standards and why they matter. Finally, the last section presents some conclusion about the paper. And Allah is Hearing and Knowing. The focus on sustainability issues might stimulate companies to respond differently in order to survive in their environment. There are various developing countries which are taking use of traditional accounting practices. A number of countries have agreed upon working according to the IASB International Accounting Standards Board accounting standards for achieving higher level of uniformity in the accounting transactions across the borders Kimmel, Weygandt and Kieso, 2010.
Guide to Accounting Standards: Definition, Types and Uses
The present scenario is crying for public awareness and participation for bringing about a behavioural change and finally restricting further damage to the environment. This can help banks, investors and customers make well-informed decisions when interacting with these organizations. A unit may fall sick because of a major lubricant i. Fifth, "capturing complex phenomena in a single measure is misleading" Collis and Hussey, 2009, p. They divided the responses into two categories, the companies which agree and disagree with the memorandum. The data so collected has been subjected to reliability tests and analyzed using SPSS.
The banks under investigation experience a significant growth of their loan portfolio, on average, 16. For the others companies, they used the studies from Davidson and Weil 1975 and Davidson, Stickney, and Weil 1976 who develop an adjusting procedure which relies solely on published financial statements and GNP deflators. Accounting standards have set expectations of auditor independence and neutrality. In our online database you can find free Finance and Accounting Literature Reviews work for every taste: thesis, essays, dissertations, assignments, research and term papers etc. The findings reveal that the level of CSR disclosure by companies listed on Abu Dhabi Securities Exchange is low with an average of 34 %, indicating that such disclosure is still not of a primary concern to these companies.
Literature Review on the determination of accounting standards
The purpose of this paper is to focus on the effects of IT related organizational changes on the management accounting function and to contribute to the body of knowledge about to what extent IT affects the ability to solve accounting tasks. Though earnings management is permitted within the financial reporting framework in many jurisdictions, its practices depending on the intention and aggressiveness may dovetail into fraudulent financial reporting and thus may have implications not only on entity's share price but also on its going concern and ultimate survival. Nowadays accounting software is a programme which makes accounting work processes easier and faster and which makes it possible to meet the information demand of the management. Keywords: Performance measurement; management process implementation. Have financial statements lost their relevance? The reasons given for this is globalization, highs information technology IT investments and the rapid pace of technological change.
Full article: Value relevance and changes in accounting standards: A review of the IFRS adoption literature
Hence, for the phenomena being investigated, the researcher will employ one of the most commonly used frameworks for this purpose, …show more content… Lee and Tweedie, 1979; Barena and Lakonishok, 1980; Appleyard and Strong, 1984; Berry and Robertson, 2006; Suwaidan et al. There are various factors which determine the extent of Premium Corporate social responsibility literature review Questions frequently asked about the literature review: What are the topics. Summary and discussion of results Most of the pioneer studies on changes in accounting standards and value relevance address the US financial reporting environment and discovered a decline in value relevance across all periods; before the era of the Committee on Accounting Procedure 1927—1938 , during the era of the Committee on Accounting Procedure 1939—1959 , during the era of the Accounting Principles Board 1960—1973 , and during the era of the Financial Accounting Standards Board 1974—1993. The paper identifies that, despite being perceived uniquely Islamic, AAOIFI is thought to sustain the accounting-imperialism nexus Kamla and Haque, 2017. In the model of profit on stock returns, the IFRS model also had a higher R 2 and positive coefficient compared to the UK GAAP model. Availability of market makers and trading halts can help to reduce investment risk and thus boost investor confidence and overall market liquidity.
Journal of International Accounting Research, 18 2 , 89— 113. Writing an literature review is extremely useful, because it allows the author to learn to clearly and correctly formulate thoughts, structure information, use basic concepts, highlight causal relationships, illustrate experience with relevant examples, and substantiate his conclusions. Conversely, if the accounting choice taken by firm has a significant impact on decreasing its earnings, it will make employees worry about their job security. . These are the primary organizations that set U.
(PDF) Value relevance and changes in accounting standards: A review of the IFRS adoption literature
On the other hand, only two possible attitudes of the companies if the change in accounting standards increases their earnings: submit unfavorable opinion or do no submit opinion. They evaluated changes in value relevance by comparing the R 2 of the price-earnings model over different accounting regimes Brown et al. The analyses conducted in isolation of other factors are "inappropriate" because "accounting is used for many purposes" Fields et all. By continuing to use this website, you agree to the placement of these cookies and to similar technologies as described in our. Journal of Accounting Research, 37 2 , 353— 385. Their findings also confirm that big firms are more likely to be subjected to governmental interference. However, the findings generated from this research are now become important consideration in conducting researches in accounting especially regarding earnings management.
After collection of the data, the responses have been scored on a scale of 1 to 5 based on the weight, merit and significance of the answers. . FAF The Financial Accounting Foundation FAF is a private company that oversees both the FASB and the GASB. . First, they realized that, generally, the factors influencing the regulation cost of utility companies is not only net income but also operating earnings.
The role of entrepreneurship in transforming the Nigerian economy. It is not the information but the knowledge and understanding which tries to build a directional approach. Shockingly, few " loopholes " in the accounting " standards " provide enough room for the use of " Creative Accounting CA " practices. It gives starting point in the development of positive theory in accounting. Intermediate accounting: IFRS edition Vol. Hence the implementation of AAOIFI standards was pivotal in embracing Islamic banking Karim, 2001. Based on this research, McKee et all.