Science and Studies of Accounting and Finance: Problems and Perspectives最新文献

{"title":"KPI rodikliai – alternatyva įmonių finansinės veiklos vertinimui","authors":"Žaneta Sederavičiūtė","doi":"10.15544/ssaf.2020.06","DOIUrl":"https://doi.org/10.15544/ssaf.2020.06","url":null,"abstract":"","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"127 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132912524","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Vyriausiojo buhalterio lyderystės raiškos galimybėsbei sąsajossu besimokančia organizacija","authors":"Agnė Šneiderienė, Judita Jonuševičienė, Liucija Budrienė","doi":"10.15544/ssaf.2020.05","DOIUrl":"https://doi.org/10.15544/ssaf.2020.05","url":null,"abstract":"environments, affecting organizational efficiency through lower costs, slower transfer rates, knowledge and innovation sharing, risk acceptance and improvement of product quality. In addition, leadership is important in companies of all sizes (small and medium-sized, as well as large and international ones). Vargas (2015) emphasizes that small and medium-sized enterprises need to pay more how to develop company’s strategy that combines aspects of the learning organization with the appropriate leadership style. The aim of the article is to evaluate the leadership possibilities of the accountants’ in a learning organization. The article consists of three parts. The first part of the article presents the theoretical discourse on the links between learning organization and leadership. In order to identify the possibilities of the accountants’ leadership in a learning organization, survey was conducted. The questionnaire survey was conducted in January-May of 2020. 114 accountants from different size and form of activity participated in this research. Data were analyzed using the software package SPSS.26.0 for social research. Graphical analysis was performed on an Ms Excel spread sheet. The study found that accountants are constantly improving their qualifications, but they tend to share new experience and acquired knowledge with colleagues only if the number of subordinates is higher and the company pays for the professional development. In addition, there is a correlation between the size of the company and the source of funding for increase of qualification. The responsibilities of accountants are fragmented, limited to the management of accounting and the calculation and declaration of taxes. The study revealed that 75 per cent of the surveyed accountants’ believe that the leadership has a significant impact on the company's performance and all employees are responsible for the company's success, accountants contribute to the changes in their organizations. However, it is noticeable that the possibilities to express accountants‘ leadership is greater in larger companies. In addition, as surveyed accountants stated some of managers are indifferent to the development of accountants‘ leadership. This statement can be explained by the fact that less than half respondents indicated that current system in company encourage leadership of accountant‘s. JEL codes: specified for J24, L21, M41.","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"306 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116600536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Tikrosios vertės metodo taikymas Lietuvos listinguojamose įmonėse","authors":"Kristina Rudžionienė, Remigija Lukošiūnaitė","doi":"10.15544/ssaf.2020.02","DOIUrl":"https://doi.org/10.15544/ssaf.2020.02","url":null,"abstract":"","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124326222","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Z kartos finansinės socializacijos formavimąsi lemiantys agentai","authors":"Asta Gaigalienė, Gintarė Leckė, Renata Legenzova","doi":"10.15544/SSAF.2019.06","DOIUrl":"https://doi.org/10.15544/SSAF.2019.06","url":null,"abstract":"Dairy futures price volatility plays an important role in dairy farmers’ risk management as well as dairy commodities price discovery. Trading activity as a factor for agricultural futures price volatility has been studied extensively since the emerge of commodity index traders followed by commodity markets becoming more volatile in the last decade. However, the majority of research papers investigate major cereal future contracts whereas the research on dairy futures is not yet analyzed. The aim of this review is to present the current situation in the research of dairy futures trading activity effect on their price volatility, focusing on methodological progress and related issues. This review provides a comparative analysis of empirical research articles on dairy futures price volatility and its determinants published in 2005 and later. Dairy futures markets compared to other agricultural commodity markets were less liquid and more fragmented, however, they likewise experienced a significant price volatility and seasonality during observed time periods. High price volatility was especially present in cash settled butter futures. Even though there is an indication among selected studies that trading activity correlate with price volatility, this should be supplemented by an analysis of causal relationships. Therefore, a further research on dairy futures should provide necessary tools to measure the exact effect of trading activity on price volatility in order to provide better insights on using dairy futures as an effective means for managing price risk in dairy sector. JEL Codes: G13, Q02, C58. DOI: https://doi.org/10.15544/ssaf.2019.06","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122664767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Reikšmingumo taikymas finansinio audito metu: Lietuvos auditorių požiūris","authors":"Daiva Raziūnienė, Gintarė Verbickaitė","doi":"10.15544/SSAF.2019.04","DOIUrl":"https://doi.org/10.15544/SSAF.2019.04","url":null,"abstract":"aiškios metodikos neturėjimas; reikšmingumo metodikos trūkumai; reikšmingumo neapibrėžtumas tarptautiniuose audito standartuose; alternatyvių reikšmingumo nustatymo būdų nežinojimas. Reikšminiai žodžiai: finansinis auditas, audito įrodymai, reikšmingumas, Respondents selected for questionnaire survey are certified Lithuanian auditors and assistants of auditors. The data is analyzed using the IBM SPSS Statistics. By analyzing the data it was found that most of auditors very often use the single rule method. Other methods are respectively used less: variable-size method, combination, absolute-size method and statistical formulas. The factors determining the complexity of materiality issues are 1) the lack of a clear methodology 2) non-consideration of the audited entity size; 3) the uncertainty of materiality in the International Auditing Standards; 4) the ignorance of alternatives for determining the materiality; 5) the lack of consideration of the economic sectors in the methodology for the materiality evaluation. The research data shows that depending on the economic sector the most relevant indicators of manufacturing, trade, construction, transport services enterprises are between 1% and 5% from the main sales revenue, of financial sector 1-5% from interest income, of non- profit organizations 1-5% from funding income.","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117095137","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Tax authority impact on company’s liquidation (Latvian example)","authors":"Laila Kelmere","doi":"10.15544/SSAF.2019.02","DOIUrl":"https://doi.org/10.15544/SSAF.2019.02","url":null,"abstract":"The role of the state in regulating the business environment is high and there are situations where the state must promote the suspension of the company's business and liquidation of the company, if it results in the improvement of the business environment. The research aim is to analyze the State Revenue Service (SRS) impact on taxpayer’s business directly or partly directly by using enactments and as a result the impact on the company’s liquidation. The author compiled statistics from the SRS public reports about the SRS activities to put the business environment in order and promote fair competition in business using tools for taxpayer operation-restricting measures. And also schematically presented the provisions of the regulatory enactments regarding the suspension and renewal of the taxpayer’s economic activity, as well as exclusion from the Register of Enterprises in case if the violation does not relate to the employment of employees without a contract. Used methods: the monographic method, statistical methods, logical analysis and synthesis, the graphics method, the logical and constructive methods were used in analyzing results and making judgments. The present research used the author’s previously made research, the Latvian enactments The Commercial Law and The Law on Taxes and Duties, the annual reports of the State Revenue Service of the Republic of Latvia and their statistics. Starting from 2013 in the average for 11073 taxpayers per year the SRS suspend their economic activity. Started from 2014 the SRS terminated the taxpayer activity in 29321 cases and from this amount the 27076 taxpayers were registered in the Register of Enterprises and mostly are limited liability companies. According to the statistical data author concludes that SRS is very active to put the business environment in order and it affects on the number of excluded entities from Registers of Enterprises too. During 2012 – 2017 were registered 83121 entities and excluded 53645 entities in the Register of Enterprises, and in the same time of period (2012 – 2017), SRS suspended 50335 taxpayer’s economic activities but renewing the economic activities only 4.93% of them. JEL Codes: G38, H26, M48. DOI: https://doi.org/10.15544/ssaf.2019.02","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128518659","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Insight into budgeting practices: empirical study of the largest manufacturing companies in Lithuania","authors":"Rūta Klimaitienė, Justina Ramanauskaitė","doi":"10.15544/SSAF.2019.03","DOIUrl":"https://doi.org/10.15544/SSAF.2019.03","url":null,"abstract":"Many research studies have identified an increasing number of disadvantages that arise from using traditional budgeting methods that must be addressed in order to achieve better performance management. The aim of this research is to investigate the current budgeting practices of the largest manufacturing in Lithuania and to find out if the budgeting practices of Lithuanian companies lead to the issues that can be observed in literature and foreign studies. The main objective of the research is to identify the prelevant budgeting trends in the largest manufacturing Lithuania companies and to compare these results with the results of the research accomplished in other countries. The design of the study is based on empirical study-questionnaire. A questionnaire for the assessment of the current budgeting practices used by the largest Lithuanian companies was created. A cross-sectional analysis of the results has been performed. The performed questionnaire-based survey indicates certain trends in budgeting practices in Lithuania. The cross-analysis results show that companies with highly rated budget have more sophisticated budgeting methods and, conversely, companies that rated their budget with the average rating, have more traditional budgeting methods. The most important aspects which affect the effectiveness of budget are indicated. The research points out the necessity of adopting more sophisticated budgeting aspects which contribute to greater satisfaction while using budgets for better performance management. This study reveals which budgeting aspects make a significant impact on the satisfaction and the effectiveness of budgets. The interpretations of results allowed to define the main trends of budgeting in companies of Lithuania. The results of previous researches from Czech Republic companies, Luxembourg companies, South African Republic companies, Spain companies, Canada companies, Malaysia companies, Australia companies and a study conducted by Quantrix, which were accomplished by other authors were presented and these results were compared with the results of the research accomplished in Lithuania. Such course of investigation allowed to identify the the following most important aspects that affect budgeting efficiency and satisfaction: strategic goals set in the company; the budgeting period; including employees in the budgeting process; the period of the budget created for the operating activities of the company; flexibility of budgets; the frequency of budget review; using and including key performance indicators. The findings of empirical analysis revealed that Lithuanian companies do not use all listed main aspects that affect budgeting efficiency and satisfaction. So it is important for these companies to include these aspects into budgeting process. JEL Codes: M10, M41. DOI: https://doi.org/10.15544/ssaf.2019.03","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"2413 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130734152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial reporting quality in Lithuanian state-owned enterprises","authors":"Kristina Rudžionienė, Marina Guptor","doi":"10.15544/SSAF.2019.05","DOIUrl":"https://doi.org/10.15544/SSAF.2019.05","url":null,"abstract":"The aim of the research is to assess the quality of financial reporting of state-owned enterprises in Lithuania. Having evaluated the methods of quality assessment of financial statements presented in scientific sources, it was identified that financial accounting quality is often defined in the literature considering its qualitative characteristics. In the paper, fundamental and enhancing qualitative characteristics and the chosen methods of assessment were briefly discussed. The selected method of data collection for research was a content analysis of financial statements in 2017. The indexes for the qualitative characteristics of each individual financial statement were calculated. After the analysis of qualitative characteristics of financial statements, it may be stated that 45.90 % of enterprises have a sufficient and 50.8 % of them an average quality of financial statements. The maximum and the mean values of faithful representation, understandability, comparability and timeliness also reveal similar results that the quality of information is more than average. The total quality index is positively related to the sum of assets, revenues and the number of employees of the enterprise. The state-owned enterprise size indicators (assets, revenues, number of employees) can be considered as the determinants which influence information disclosure in the financial statements. JEL Codes: M41, L15. DOI: https://doi.org/10.15544/ssaf.2019.05","PeriodicalId":131757,"journal":{"name":"Science and Studies of Accounting and Finance: Problems and Perspectives","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131096279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}