American Journal of Accounting最新文献

{"title":"Influence of Corporate Governance Practices on Quality of Financial Reporting in the Nigerian Public Sector","authors":"J. Omimakinde, J. A. Adejuwon","doi":"10.47672/ajacc.1381","DOIUrl":"https://doi.org/10.47672/ajacc.1381","url":null,"abstract":"Purpose: This study assessed the influence of corporate governance (CG) practices on quality of financial reporting (QFR) in public sector institutions in Nigeria. \u0000Methodology: Descriptive research design and survey method was used to collect data from a total of two hundred and ten (210) senior level officers from finance and accounts, internal audit and senior management staffs from related departments of ten (10) public sector entities were sampled and selected using Multi-Stage sampling method. Relevant information was elicited from selected personnel using structured questionnaire. Data analysis involved descriptive and inferential statistics using Stata. In determining the relationship between corporate governance and quality financial reporting (QFR), some principles of good governance as listed by Organization of Economic Corporation and Development (OECD) were regressed against the characteristics of quality financial reporting as identify in the accounting framework.  \u0000Findings: It was discovered that some of the corporate governance principles like compliance with regulations, fairness, effective risk management, good internal auditing and ownership inclusiveness do positively and significantly influence quality of financial reporting. Characteristics like officer responsibility, openness and responsiveness shows weak influence. Gender and other demographic characteristics also have weak effect on QFR. Even the level of awareness of application of corporate governance principles to public sector is low and this affects compliance. \u0000Recommendation: The study recommend creation of better awareness and compliance with CG principles will help to improve quality of financial reporting in the public sector.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131480786","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":"Cash Management and Financial Value of Commercial Banks in Kenya","authors":"Calystus Ayodi, E. Kiganda, J. Otsyulah","doi":"10.47672/ajacc.1209","DOIUrl":"https://doi.org/10.47672/ajacc.1209","url":null,"abstract":"Purpose: The concept of firm value has become a great concern to shareholders, managers, potential investors, creditors and other stakeholders globally since it measures the firm’s worth and posits a positive public image. Despite measures put in place to improve cash management, the commercial banks in Kenya general performance is on a downward trend this therefore has a negative impact of the financial value of commercial banks. The main objective of the study was to assess the effect of cash management on the financial value of commercial banks in Kenya. \u0000Methodology: The study was guided by Cash conversion theory. The study employed correlation research design on the panel data collected over a span of 10 years. The target population was 38 commercial banks in Kenya. A secondary data collection sheet was used to document information from audited financial statements downloaded from Nairobi stock exchange and Central bank of Kenya websites. Normality was tested through Shapiro –Wilk and confirmed. Stationarity was tested using Levin-Lin-Chu test and results confirm stationarity. Multicollinearity was assessed through Variance inflation factors and found to be within the range of less than 10, thus Multicollinearity established to be absent in the independent variables. Heteroscedasticity was tested through Breach – Pagan test. The probability of Chi-square of 2 degrees of freedom is 0.21> 0.05 at 5% level of significance confirming homoscedasticity. Auto-Correlation was tested by using Durbin-Watson test.   \u0000Findings: The results depicted a value of 1.988 which confirms no autocorrelation.   Descriptive statistics comprised of mean, standard deviation and variance. The overall descriptive statistics show high variation between the dependent and independent variables among different commercial banks. Inferential statistics comprised of Pearson’s correlation analysis and Random Effects Model. The Pearson’s correlation coefficient depicts r = 0.48 with a p-value of 0.000 for financial value and cash management. The regression coefficients were established as 0.02, p-values < 0.05 for cash management and financial value showing that cash management had a significant positive influence on financial value of commercial Banks. \u0000Recommendation: It was recommended that commercial banks should improve on income generation and return on assets. Efficiency in using fixed assets should be a key concern to commercial banks.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133820716","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":"Is Use of IFMIS in Financial Reporting the Solution to Financial Accountability? Answers from County Governments in Western Kenya","authors":"Dinah Majani, M. Atieno, Sylvester Mackton","doi":"10.47672/ajacc.1210","DOIUrl":"https://doi.org/10.47672/ajacc.1210","url":null,"abstract":"Purpose: The implementation of Integrated Financial Management Information System (IFMIS) is aimed at increasing the effectiveness and efficiency of state financial management and facilitate the adoption of modern public expenditure practices in keeping with international standards and benchmarks. Despite IFMIS being implemented, many county governments’ still face accountability challenges. The purpose of this study was to evaluate the influence of financial reporting on financial accountability of county Governments in western Kenya. \u0000Methodology: The study was guided by Agency theory, Accountability theory and Technological Acceptance model. The study adopted correlational research design. Primary data was collected using questionnaires. The study target population was 1110 county staffs comprising of Cabinet executive officers, IFMIS directors, finance staff, revenue officers, planning and procurement staffs. Simple random sampling was used to select 294 respondents. Reliability was tested through Cronbach Alpha, validity was tested through expert analysis and principal component factor analysis. SPSS was used to analyze descriptive and inferential statistics. Descriptive statistics consisted of frequencies. Inferential statistics consisted of Binary logistic regression analysis. \u0000Findings: Cox & Snell R Square was established as 0.699. Wald statistic was significant with p values of 0.00, and 0.022 for financial reporting. Correlation analysis for financial reporting and internal controls was r = 0.944. The binary logistic regression coefficient was β of 6.17, p value .000 and Exp (β) = 479.88 for financial reporting. Data was presented using tables. \u0000Recommendation: It was recommended that implementation of IFMIS should be strengthened and regularly reviewed to identify loop holes that still exist that reduce effectiveness. This would improve fiscal discipline by a very high percentage as shown by the odds ratio of budgetary controls, financial reporting and internal controls which are all greater than one. There will be improved adherence to statutory regulations, unsupported expenditures would reduce and Misappropriations and budget variances will be minimal.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"168 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121826420","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":"The Mediating Role of Financial Accountability in the Relationship between Internal Control Environment and Financial Performance of Savings and Credit Cooperatives in Mid-Western Uganda","authors":"John Baguma Muhunga Kule, Nixon Kamukama, F. Kijjambu","doi":"10.47672/ajacc.1205","DOIUrl":"https://doi.org/10.47672/ajacc.1205","url":null,"abstract":"Purpose: This paper aimed at establish the mediating effect of financial accountability in the relationship between internal control environment and financial performance of savings and credit cooperatives (SACCOs). The purpose of this paper is to establish the mediating role of financial accountability in the association between internal control environment and financial performance. \u0000Methodology: A cross-sectional research design and positivist paradigm were used to collect data using a close-ended questionnaire. Also, a standard regression analysis, Medgraph program, and Baron and Kenny approach were adopted to test for the mediation effects. Based on the target population of 122 SACCOs, a sample of 93 SACCOs was selected using probability sampling technique. \u0000Findings: It is clearly revealed that the true drivers of financial performance in the SACCO sector are financial accountability and internal control environment. Nevertheless, financial accountability exhibits a partial form of mediation in the association between internal control environment and financial performance. \u0000Unique Contribution to Practice and Policy: In the event that financial accountability is established as a conduit in the relationship between internal control environment and financial performance, managers in the SACCO sector should work on reinforcing the agents of financial accountability (i.e., value for money and level of transparency) in an effort to enhance sustainable financial performance.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"125 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131683786","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 Accountability and Financial Performance of Savings and Credit Cooperatives in Mid-Western Uganda","authors":"John Baguma Muhunga Kule, Nixon Kamukama, F. Kijjambu","doi":"10.47672/ajacc.1204","DOIUrl":"https://doi.org/10.47672/ajacc.1204","url":null,"abstract":"Purpose: To establish the association between financial accountability and Financial Performance of SACCOs in Mid-Western Uganda. \u0000Methodology: A cross-sectional research design and positivist paradigm were used to collect data from 93 SACCOs in Mid-Western Uganda using a close-ended questionnaire. Besides, a standard linear regression analysis was conducted. From the target population of 122 SACCOs, a sample of 93 SACCOs was selected using probability sampling technique. \u0000Findings: The study established a positive significant association between financial accountability and Financial Performance. \u0000Unique Contribution to Practice and Policy: The study confirms the theoretical assertions that financial accountability associates with financial performance. Besides, the study addresses the mixed findings on the link between financial accountability and financial performance. Also, the study suggests a need for management to consider financial accountability as a key driver of financial performance of SACCOs.  Still, there is need for government to advocate for effective financial accountability to ensure that SACCOs attain sustainable financial performance.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130350626","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":"The Influence of Contemporary Neo-Liberal Capitalistic Practices to the Accountants’ Conceptualisation of Business Ownership: Towards a Common Good Centric Ethical Critique","authors":"Denson. Muvandi","doi":"10.47672/ajacc.1196","DOIUrl":"https://doi.org/10.47672/ajacc.1196","url":null,"abstract":"Purpose: In our contemporary times, everything in the economy has come to be determined by money. The idea of ownership is thus inevitably replaced by money. Consequently, accountants have narrowly seen the concept of ownership solely in terms of the market and investors. The objective of this study is to provide an insight to the problem that is inherent to the conceptualisation of business ownership, by the accounting profession, as it excludes the role that is played by the stakeholders in the economy. \u0000Methodology: A theoretical approach was adopted and literature relevant to accounting and applied ethics was used. \u0000Findings: It was concluded that accountants are not giving due regard to their standards codes of ethics and conduct by not acknowledging everyone who has a stake in a business as part of the business owners for the benefit of those with a financial stake, that is the stockholders. \u0000Recommendations: It is recommended that accounting profession adopt the social and ethical accounting approach that accommodate all the stakeholder with their varied needs and expectations.  Accountants must pursue their professional responsibilities within an ethical framework of the Common Good. In a world that has become sensitised to the reality of interconnectedness, it is argued that it is time that the accounting profession considers the implications of systems theory with specific reference to their conceptualisation of business ownership.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121561602","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":"Impact of Corporate Governance on Accounting Standards’ Compliance in Nigerian Public Institutions","authors":"J. Omimakinde, J. A. Adejuwon","doi":"10.47672/ajacc.1140","DOIUrl":"https://doi.org/10.47672/ajacc.1140","url":null,"abstract":"Purpose: Compliance with International Public Sector Accounting standards have been proved to improve the quality of financial reporting in both private and public sector. This study is an attempt to answer the question whether corporate governance have any influence on compliance of public sector entities with accounting standards (IPSASs). \u0000Methodology: Descriptive research and survey method of data collection was employed to collect primary data from relevant respondents using questionnaire as an instrument. Four hundred (400) questionnaires were distributed to senior level officers in Finance and Accounts, Internal Audit, and Procurement departments of twenty seven (27) government institutions which were purposefully selected out of a total a total of one hundred and twenty (120) from the south west geo political zone of the country because of proximity. Fifteen (15) respondents were selected from each institution covered except in five which was limited to fourteen (14) due to number of senior level officers in the selected department.  Only 92.5% of the questionnaires distributed were returned as validly completed. \u0000Findings: Findings revealed that the level compliance with IPSASs is high at 67%, which has very positive significant effect on the quality of financial reporting. \u0000Recommendation: It was concluded that compliance with IPSASs improve quality of Financial reporting and thus recommended that to improve the quality of financial reporting, the quality of corporate governance should be improved upon since this have direct positive effect on the quality of financial reporting in the sector","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133006959","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":"INVESTIGATING THE CONTRIBUTION OF ACCOUNTING INFORMATION SYSTEMS ON ORGANIZATIONAL PERFORMANCE IN FAITH –BASED INSTITUTIONS: A CASE OF ST. THERESA BUSINESS & TECHNOLOGY TRAINING INSTITUTE","authors":"C. Kagwi","doi":"10.47672/ajacc.347","DOIUrl":"https://doi.org/10.47672/ajacc.347","url":null,"abstract":"Purpose: The purpose of this study was to investigating the contribution of accounting information systems on organizational performance in faith –based institutions. A case of St. Theresa Business & Technology Training Institute.Methods: Descriptive research design was used and sample of 48 respondents obtained from the following departments; Finance, Human Resource, Operations, Academic, Catering and Hospitality and Procurement & supplies.  During the study, data was collected from the respondents using questionnaires. Data analysis was done using Microsoft excel computer packages and information was presented through bar charts, tables and pie charts.Results: The findings of the research indicated that accounting information systems had a contribution on organizational performance in Faith –Based institutions and St. Theresa Business & Technology Training Institute in particular.Unique contribution to theory, practice and policy:  Accounting information systems are critical to the production of quality accounting information on a timely basis and the communication of that information to the decision makers and therefore organizations should adopt this approach for improved performance.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"138 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121866934","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":"RELATIONSHIP BETWEEN AUDIT COMMITTEE CHARACTERISTICS AND THE AUDIT EXPECTATION GAP WITHIN STATE CORPORATIONS IN KENYA","authors":"O. Oluoch, T. Nasieku","doi":"10.47672/ajacc.333","DOIUrl":"https://doi.org/10.47672/ajacc.333","url":null,"abstract":"Purpose: The current study sought to identify the relationship between audit committee characteristics and the audit expectation gap within the public sector in Kenya.Methodology: The study adopted a positivism philosophy and a descriptive research design in solving the research problem. The target population for the research was pooled from audit committee members in all the 119 state parastatals. The study relied on primary data that was collected using semi-structured questionnaires and key informant interview schedules. This was further supplemented using secondary data that was sourced from government reports and published reports. The collected data was analyzed using descriptive and inferential statistics. Statistical tests such as ANOVA and t-test was conducted to help in accepting or rejecting the research hypothesis.Results: The study findings indicated that audit committee composition R2 = .107 and audit committee meetings R2 = .19   had the highest association with audit expectation gap in state corporations.Unique contribution to theory, practice and policy: The study recommends that gender inclusion should be upheld within the public sector and more so within audit committees. Further in constituting audit committees there is need for stakeholders to ensure individual competencies such as technical skills, leadership qualities and integrity are available to help mitigate expectation gap. More so there should be appropriate skill mix within the audit committee which should be regularly assessed to ensure conformity to best standards of practice.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122526984","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":"EFFECT OF CASH TRANSPORT ON THE FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN KENYA","authors":"Mactosh Onwonga, G. Achoki, Bernard Omboi","doi":"10.47672/ajacc.277","DOIUrl":"https://doi.org/10.47672/ajacc.277","url":null,"abstract":"Purpose: The main aim of the study was to assess the effect of cash transport on the financial performance of commercial banks in Kenya.Methodology: The research was carried out through a descriptive survey research design. The study population was all the 43 commercial banks registered and licensed to operate in Kenya. A multi stage sampling approach was used. In the first stage, a census of all the 43 commercial banks was conducted, that is, the units of analysis were the commercial bank. In the second stage, purposive sampling was used where two respondents from every organization were taken. The study used both primary and secondary data for analysis. Primary data was collected using questionnaires while secondary data was obtained using secondary data collection template. A multiple linear regression model was used to link variables.Findings: The study findings indicated a positive correlation between cash transport and financial performance of commercial banks. Cash transport was positively and significantly related to ROA. The study concluded that cash reconciliation is positively and significantly related to financial performance of commercial banks in Kenya,Unique contribution to theory, practice and policy: The study recommends that commercial banks and other financial institutions involved in handling of cash should have a cash transport policy which clearly stipulates how cash in transit should be handled, regularly review the contracts of companies which transport cash for them so as to avoid known routines, have tracking devices in the vehicles that transport cash, engage administrative police in security arrangements when transporting cash and invest in cash in transit measures like chase cars. The study recommended further studies to establish the effect of cash handling practices on financial performance of other financial institutions other than commercial banks. This will be crucial in comparison of the results and identification of more research gaps for future studies.","PeriodicalId":165748,"journal":{"name":"American Journal of Accounting","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132763251","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}