journal of accounting finance and auditing studies (JAFAS)最新文献

{"title":"An Analysis of Effects of Forensic Auditing in Detecting Fraud in State Owned Enterprises: A Case Study of ZESA","authors":"Wadesango Newman, Zibusiso Tshuma, L. Sitsha","doi":"10.32602/jafas.2023.025","DOIUrl":"https://doi.org/10.32602/jafas.2023.025","url":null,"abstract":"Purpose: In order to ensure effectiveness in State Owned \u0000Enterprises, (SOE) forensic auditing significantly plays a huge role in \u0000the detection and prevention of fraud. State owned Enterprises play \u0000a big role in any country as they provide commercial services or \u0000activities to the public. Their business involves transacting huge \u0000sums of money in their day to day operations. The state has \u0000significant control through full, majority, or significant minority \u0000ownership. There are fraudulent activities occurring in these \u0000enterprises as a result of poor controls in these organizations, hence \u0000forensic auditing plays the role. The purpose of the study was to \u0000examine how forensic auditing services aid in fraud detection in \u0000State Owned Enterprises.\u0000Methodology: Quantitative research methodology was adopted and \u0000questionnaires were used to collect data. \u0000Findings: The results indicated that forensic auditing has a \u0000significant positive correlation relationship in fraud detection in \u0000SOEs. \u0000Originality/Value: Forensic auditing although used by ZESA, is not\u0000being effectively implemented to detect and prevent fraud.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132725087","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 the Digital-Income Level Divide on Financial Inclusion of Informal Traders in the Tanzanian Context","authors":"W. Gomera","doi":"10.32602/jafas.2023.023","DOIUrl":"https://doi.org/10.32602/jafas.2023.023","url":null,"abstract":"Purpose: Numerous studies have been conducted on digital finance \u0000and financial inclusion. However, there is limited information on the \u0000impact of the digital income level divide on the financial inclusion of \u0000informal practitioners. Thus, there is a need to examine the area \u0000critically from the perspective of a marginalised society. Hence, the \u0000current study focused on identifying the components of the digital \u0000income level divide and establishing its impact on the financial \u0000inclusion of informal traders.\u0000Methodology: The study applied a mixed-methods research design \u0000whereby interviews and questionnaires were employed to collect \u0000data. Quantitative and qualitative data were analysed using \u0000inferential statistics and content analysis, respectively.\u0000Findings: The findings show that the digital-income level divide has \u0000resulted from digital usage, the insignificance of the benefits of \u0000digital finance usage, low income levels, and the practical nature of \u0000informal traders. Also, informal traders pay high transaction costs, \u0000which are not considered beneficial for the services of receiving and \u0000sending money. \u0000Originality/Value: The paper informs on the set of strategies that \u0000enable informal traders to become part of digital financial users and \u0000benefit from financial inclusion. This study adds knowledge to the \u0000literature on the combined impacts of income level and digital divide \u0000challenges associated with informal traders on financial inclusion.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126008380","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 Activity Based Costing System on Financial Performance of SMEs: A Case of Lester Trading Private Limited","authors":"Lynette Paradzal, N. Wadesango, L. Sitsha","doi":"10.32602/jafas.2023.026","DOIUrl":"https://doi.org/10.32602/jafas.2023.026","url":null,"abstract":"Purpose: The purpose of the study was to assess the impact of \u0000activity based costing system on financial performance of SMEs. It \u0000was observed that high escalating operating costs is a serious cause \u0000of concern in most SMEs in Zimbabwe. In order to establish the \u0000impact of activity based costing system on financial performance of \u0000SMEs, the study would like at the benefits of using activity based \u0000costing system, the effects of activity based costing system on cost \u0000control, the problems faced with use of activity based costing system \u0000and the cost drivers of activity based costing system. \u0000Methodology: A descriptive design research methodology was \u0000adopted to gather data through use of questionnaires from a \u0000population of 15 employees. Data analysis was undertaken by use of \u0000SPSS to determine correlations and tables, pie charts and graphs \u0000facilitated data presentation. \u0000Findings: From the findings, activity based costing system had \u0000negative effects on the cost control reduction concluding that there \u0000was an insignificant relationship. \u0000Originality value: training of employees is important to equip them \u0000with the necessary knowledge and skills and applying an effective \u0000ABC system.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129052032","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":"Corporate Social Responsibility and Profitability of Listed Oil Firms in Nigeria","authors":"Madubochi R. Iloma, Gospel J. Chukwu","doi":"10.32602/jafas.2023.021","DOIUrl":"https://doi.org/10.32602/jafas.2023.021","url":null,"abstract":"Purpose: Corporate social responsibility (CSR) activities are \u0000crucial for the cordial relationship between the business and \u0000the community, and despite the cost involved in CSR \u0000investments such relationship may have favourable \u0000consequence on community patronage and financial outcome. \u0000This study investigated the effect of CSR activities on the \u0000profitability of oil firms listed in Nigeria by ascertaining how \u0000community development costs (CDC) and employee benefits \u0000are associated with the financial performance of the firms.\u0000Methodology: Data on the study variables from thirteen oil \u0000and gas firms were collected over a period of twenty-one years \u0000(1998 to 2018), and analysed using a heteroscedasticity and \u0000autocorrelation-consistent regression technique to determine \u0000the effect of CSR activities on the financial performance of the \u0000sampled firms.\u0000Findings: The results showed that community development \u0000cost (CDC) had a significant positive effect on profitability. \u0000Employee benfits also have similar effect on financial \u0000performance. These findings indicate that investing in CSR \u0000activities ultimately has a favourable impact on corporate\u0000financial performance. Accordingly, the study recommended \u0000that oil firms should increasingly invest in employee welfare \u0000and community development projects in Nigeria.\u0000Originality/Value: This paper used a data set drawn from \u0000almost all the listed oil firms in Nigeria over a relatively long \u0000time span. The results support the usefulness of CSR activities \u0000to corporate entities, thereby encouraging oil firms to conduct \u0000more CSR investments in Nigeria.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124007457","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 Performance of Print Media in Advent of Social Media: A Case of the Manica Post","authors":"N. Wadesango, Alice Nyandoro, L. Sitsha","doi":"10.32602/jafas.2023.027","DOIUrl":"https://doi.org/10.32602/jafas.2023.027","url":null,"abstract":"Purpose: The print media industry is on a declining trend in both \u0000the number publications and revenue even though the print medium \u0000remains relevant in news dissemination. The Zimbabwe newspaper \u0000industry has recently been suffering from financial challenges as \u0000indicated by the published financial reports for the period under \u0000study, one of the reasons for the decline in revenue being the \u0000looming of social media. It is due to this background that the \u0000researchers sought to investigate the financial performance of print \u0000media in advent of social media. \u0000Methodology: A quantitative research methodology was adopted. \u0000Data was obtained from The Manica post using questionnaires. \u0000Regression of data gathered was analysed using SPSS software\u0000Findings: The study reveal that social media has caused the print \u0000media, particularly the newspaper division a huge loss in revenue \u0000and advertisement and it indicated that there is a negative \u0000relationship between financial performance and social media. \u0000However other macroeconomic variables like politics and legislation \u0000should be taken into consideration. \u0000Originality value: The print media sector should adopt new \u0000technologies and establish plans to increase its online audience’s \u0000clientele base.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121176115","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":"Detecting probable manipulation of financial statements. Evidence from a selected Zimbabwe Stock Exchange-Listed bank","authors":"Kudakwashe Mavengere, B. Dlamini","doi":"10.32602/jafas.2023.022","DOIUrl":"https://doi.org/10.32602/jafas.2023.022","url":null,"abstract":"Purpose: The study used the Beneish M Score to discover \u0000probable financial statement manipulation by a selected \u0000Zimbabwe Stock Exchange-listed bank.\u0000Research methodology: The Beneish M Score eight variable \u0000statistical model was applied to secondary data of the selected \u0000bank from 2011 to 2018. The model utilizes ratios in \u0000distinguishing between manipulators and non-manipulators,\u0000with a yardstick measure of -2.22. Results greater than -2.22, \u0000classify the organization as a financial statements manipulator\u0000with less than -2.22 classify it as a non-manipulator.\u0000Results: The M score model detected manipulation for the \u0000years 2011 (-0.74), 2013 (-1.84), and 2015 (-2.19), which are \u0000greater than the benchmark of -2.22. The years 2012 (-3.17), \u00002014 (-2.46), 2016 (-3.07), 2017 (-2.80) and 2018 (-2.42) \u0000reveal the bank as a non-manipulator as these values are less \u0000than -2.22. \u0000Limitations: The Beneish M score statistical model was \u0000modeled for manufacturing companies. The study sought to \u0000test the M Score’s applicability in the banking sector and it was\u0000restricted to the selected bank for the years 2011 to 2018.\u0000Contribution: The Beneish M score is a valuable model for \u0000users of issued annual financial statements to guard against \u0000earnings manipulation. Stakeholders rely on audited financial \u0000statements, believed to be free from manipulation, yet \u0000companies fold up with unqualified audit opinions contained \u0000in published financial statements. The study validates the \u0000Beneish M score statistical model for detecting manipulation \u0000in published annual financial statements in Zimbabwe, where \u0000there is limited research on earnings manipulation.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115393417","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":"Theories and Approaches adopted when responding to Stakeholder Needs","authors":"O. Wadesango","doi":"10.32602/jafas.2023.031","DOIUrl":"https://doi.org/10.32602/jafas.2023.031","url":null,"abstract":"Purpose: The purpose of this study was to explore \u0000existing theories and approaches underlying corporate \u0000social and environmental responsibility. It also explored \u0000methods adopted by corporates in identifying and \u0000classifying stakeholders.\u0000Methodology: Documentary research approach, which \u0000consists of reviewing, analysing and examining \u0000information was adopted. The sources included journal \u0000articles, books, magazines, websites, frameworks and \u0000guidelines. \u0000Findings: The results of the study indicated that social \u0000and environmental stakeholders are now a force to \u0000reckon with. Old literature classifies social and \u0000environmental stakeholders as the negligent type but \u0000recent developments have realised that neglecting social \u0000and environmental stakeholders can be costly. \u0000Originality/Value: Guidelines and frameworks need to \u0000revise the classification of social and environmental \u0000stakeholders.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115617157","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 Management Behavior in Using Fintech (Study on Management Students of UPN Veteran East Java)","authors":"Raihan Rizky Andana, Y. Yuniningsih","doi":"10.32602/jafas.2023.024","DOIUrl":"https://doi.org/10.32602/jafas.2023.024","url":null,"abstract":"Purpose: Rapid technological advancements have caused changes in \u0000almost every aspect of society. Financial technology is one of them. \u0000Fintech-based financial services can provide convenience and \u0000freedom in meeting financial need, especially for Indonesian \u0000students. Fintech e-wallets have negative effects in addition to their \u0000positive effects. This is related to the consumption patterns of \u0000Indonesians who are identical with impulsive purchases. The goal of \u0000this study is to determine how much Financial Literacy, Financial \u0000Attitude, Locus of Control and Lifestyle can influence the Financial \u0000Management Behavior.\u0000Methodology: This study was conducted on 100 respondents who \u0000were Management Students at UPN Veteran East Java. And was \u0000chosen by utilizing purposive sampling and simple random sampling \u0000techniques. The analysis technique used are Partial Least Square. \u0000Findings: The findings indicate that Financial Literacy, Financial \u0000Attitude, Locus of Control and Lifestyle have a positive and \u0000significant effect on Financial Management Behavior. This show the \u0000importance of having better knowledge, mindset, control and a good \u0000lifestyle to avoid trouble and effectively managing their finances.\u0000Originality/Value: This study is meant to raise public awareness to \u0000young adults, particularly management students at UPN Veteran East \u0000Java on the need to improve their financial literacy, financial attitude, \u0000and also having locus of control and a good lifestyle. It is hoped that \u0000by having a good literacy and mindset, one can be manage daily \u0000expenses more wisely, also by having high self-control will help their \u0000decision making as well as their lifestyle. Thus enabling them to the \u0000right decision based on their own financial situation especially \u0000amidst the provided convenience and freedom in using financial \u0000based services.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"8 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114028537","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 perspective of top management towards human capital measurement and disclosure in the Zimbabwean mining sector","authors":"Queen Mpofu, Favourate Sebele Mpofu","doi":"10.32602/jafas.2023.015","DOIUrl":"https://doi.org/10.32602/jafas.2023.015","url":null,"abstract":"Purpose: This study is set out to establish the perceptions of the Zimbabwean top management concerning the measurement and disclosure of human capital in the financial statements of listed mining companies. This study has been prompted by the fact that despite companies considering human capital as an important resource that drives value, and competitiveness and contributes to a company’s economic growth, its value remains not properly accounted for in the financial statements. This implies that human capital is not being accorded the importance it deserves in the financial statements. \u0000Methodology: This study adopted a qualitative research approach. Qualitative data were collected using semi-structured interview guides from the six largest Zimbabwean-based mining companies. The collected qualitative data was analysed through the thematic analysis process and the results established four main themes.\u0000Findings: Obtained results reveal that top management agreed that top management is of the view that human capital has a strong relationship with the value of a company and its financial performance. They also indicated that the value of a company, its competitiveness, and economic growth is largely dependent on employee competencies (skills and expertise). \u0000Recommendations: After a synthesis of results, this study suggests a context-based framework offering human capital metrics for enhancing its measurement and disclosure practices. This will help to provide a better valuation of human capital in the financial statements and also various stakeholders will be able to derive useful information for decision-making. \u0000Managerial Implications: The study gives more insight into the major roles played by the phenomenon in the achievement of companies’ strategic objectives which include value creation among others. Furthermore, it provides a better internal understanding from top management on how the companies gain competitive advantage and economic growth in the era of the fourth industrial revolution through utilisation of human capital. From the aforementioned, chances are high that the human capital reporting by the mining companies in Zimbabwe will be enhanced forthwith. \u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114732475","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":"Developing a Strategic Cost Management Model for a Potato Packing Facility","authors":"Reinhardt J. Hitge, M. Oberholzer, S. Middelberg","doi":"10.32602/jafas.2023.018","DOIUrl":"https://doi.org/10.32602/jafas.2023.018","url":null,"abstract":"Purpose: The purpose of the study was to solve a real-life business problem by developing a new customised strategic cost management (SCM) model for the case study entity － a South African potato packing facility.\u0000Design/method/approach: The study followed a pragmatic philosophy where data were collected by observation and semi-structured interviews. The data focused on the following SCM techniques: Business process re-engineering, activity-based management, Kaizen costing, total quality management, and target costing.\u0000Findings: The investigation found that, except for target costing, all the SCM techniques belong in a SCM model. The investigation also revealed specific practical operational examples which were firstly analysed according to codes, and secondly aggregated, rewritten, and inductively reasoned in order to illustrate these processes in a new customised SCM model. \u0000Practical implications: After the operational processes were documented, a new customised SCM model was developed for the case study entity. The findings of the study could be helpful when other organisations manufacture, process, or pack various products to make informed management decisions. \u0000Originality/value: The value of the study lies in the likelihood to establish transferability － the process that was followed to develop a new customised SCM model could be replicated.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125425013","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}