Method of accounting errors in the production of computer-generated Fourier holograms during their synthesis

2018 ◽  
Author(s):  
Pavel Ruchka ◽  
Michael Kovalev ◽  
Sergey B. Odinokov ◽  
Nikita Stsepuro
Keyword(s):  
Accounting Errors

scholarly journals Pengaruh Sistem Pengendalian Intern Pemerintah dan Moralitas Individu pada Kesalahan Akuntansi

2018 ◽  
pp. 1170
Author(s):  
I Gusti Agung Gde Dennyningrat ◽  
I D.G. Dharma Suputra
Keyword(s):  
Control System ◽  
Internal Control ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Internal Control System ◽  
Negative Effect ◽  
The Government ◽  
Questionnaire Method ◽  
Accounting Errors

Accounting mistakes are a mistake in financial facts. In order for an agency or company does not occur accounting errors, agencies or companies need to consider the factors that affect accounting errors. The purpose of this study is to provide empirical evidence of the effect of Government Internal Control System and individual morality on accounting errors. This research was conducted at Local Government of Badung Regency. Population in this research is all financial officer at Badung Regency Government. The number of samples taken as many as 35 employees, with purposive sampling technique. The data were collected by questionnaire method. Data analysis technique used is multiple linear regression analysis. Based on the results of the analysis, it is known that the Government Internal Control System and individual morality have a negative effect on accounting errors in Badung District Government.

scholarly journals A critical analysis of the carbon neutrality assumption in life cycle assessment of forest bioenergy systems

2018 ◽  
Vol 26 (1) ◽  
pp. 93-101 ◽  
Author(s):  
Weiguo Liu ◽  
Zhen Yu ◽  
Xinfeng Xie ◽  
Klaus von Gadow ◽  
Changhui Peng
Keyword(s):  
Climate Change ◽  
Life Cycle Assessment ◽  
Life Cycle ◽  
Critical Analysis ◽  
Climate Change Impacts ◽  
Carbon Accounting ◽  
Carbon Neutrality ◽  
Forest Residue ◽  
Assess Climate Change ◽  
Accounting Errors

This study presents a critical analysis regarding the assumption of carbon neutrality in life cycle assessment (LCA) models that assess climate change impacts of bioenergy usage. We identified a complex of problems in the carbon neutrality assumption, especially regarding bioenergy derived from forest residues. In this study, we summarized several issues related to carbon neutral assumptions, with particular emphasis on possible carbon accounting errors at the product level. We analyzed errors in estimating emissions in the supply chain, direct and indirect emissions due to forest residue extraction, biogenic CO2 emission from biomass combustion for energy, and other effects related to forest residue extraction. Various modeling approaches are discussed in detail. We concluded that there is a need to correct accounting errors when estimating climate change impacts and proposed possible remedies. To accurately assess climate change impacts of bioenergy use, greater efforts are required to improve forest carbon cycle modeling, especially to identify and correct pitfalls associated with LCA accounting, forest residue extraction effects on forest fire risk and biodiversity. Uncertainties in accounting carbon emissions in LCA are also highlighted, and associated risks are discussed.

Materiality Decisions and the Correction of Accounting Errors

2009 ◽  
Vol 84 (3) ◽  
pp. 659-688 ◽  
Author(s):  
Andrew A. Acito ◽  
Jeffrey J. Burks ◽  
W. Bruce Johnson
Keyword(s):  
Error Correction ◽  
Financial Reporting ◽  
Financial Statements ◽  
Correction Method ◽  
Cross Sectional ◽  
Strategic Disclosure ◽  
Current Period ◽  
Lease Accounting ◽  
Accounting Errors

ABSTRACT: We test conjectures about the determinants of materiality judgments by examining a financial reporting choice made by firms that discover errors in prior years' financial statements. From late 2004 to mid-2006, more than 250 U.S. firms uncovered and corrected operating lease accounting errors either by formal restatement—required for errors deemed material—or by a less visible current-period “catch-up” adjustment. We test the role of materiality considerations outlined in SAB No. 99 as well as factors outside authoritative guidance in explaining the correction method chosen. Although both quantitative and qualitative materiality considerations cited in the guidance explain a large portion of the variation in firms' error correction decisions, we find that the prior actions of other firms also appear to play a major role. We also find that clerical considerations, but not strategic disclosure concerns, help explain cross-sectional variation in the timing of firms' error correction announcements.

scholarly journals Fraud Risk Management from the Perspective of CFEBT Risk Triangle of Accounting Errors and Frauds

2018 ◽  
Vol 66 (5) ◽  
pp. 1261-1266
Author(s):  
Zita Drábková
Keyword(s):  
Financial Reporting ◽  
Present Contribution ◽  
Financial Reporting Standards ◽  
Fraud Risk ◽  
Accounting Unit ◽  
Fraud Risk Management ◽  
Available Information ◽  
The Impact ◽  
Accounting Errors

The objective of the present contribution is to evaluate the risk of the impact of accounting errors and frauds on reported accounting records on the basis of the CFEBT risk triangle of accounting errors and frauds. The analysis is conducted in the framework of a case study that examines a selected accounting unit predominantly operating in trade, with respect to financial statements reported during the years 2011–2015. The evaluation of the risk of impacts of accounting errors and frauds forms a part of one of the three vertices of the CFEBT risk triangle. The contribution presents results of the CFEBT approach at three levels of the M‑score and analyses significant discrepancies between the generation of earnings and increase in cash flow during the observed periods. The CFEBT risk triangle was designed as a tool for detection, evaluation and management of the risk of accounting errors and frauds in circumstances of the Czech accounting standards and International Financial Reporting Standards (IFRS). The essential aim of the triangle is to reduce information asymmetry between authors and users of accounting records, or, in other words, to increase the quality of available information with respect to decision‑making on the basis of available accounting information.

scholarly journals Financial Records Management System for Micro Enterprise

2017 ◽  
Vol 1 (4-2) ◽  
pp. 209
Author(s):  
Yeow Xin Yin ◽  
Nureize Arbaiy ◽  
Jamilah Din
Keyword(s):  
Financial Performance ◽  
Management System ◽  
Records Management ◽  
Human Errors ◽  
Agile Methodology ◽  
Financial Strength ◽  
Micro Enterprises ◽  
Accounting Errors

Financial records represent a formal records or written reports of financial activities of an entity to quantify financial performance and financial strength. Most of micro enterprises under Centre for Business and Entrepreneurship (CBER) UTHM is currently using manual records bookkeeping system to keep the financial records. This cause time consuming and human errors. Hence, financial records management system for micro enterprises under CBER is developed. This system is able to simplify invoice records and quotation collection. Financial records management system also can eliminate accounting errors and minimizing records keeping redundancy. The system is developed by using software Brackets, Xampp and PHP programming through agile methodology guide. This system is expected to help micro enterprises to keep track and manage financial records efficiently.

scholarly journals Correction of Accounting Errors through Post Balance Sheet Event Analysis for Romanian Companies

Economies ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 29 ◽  
Author(s):  
Monica Laura Zlati ◽  
Valentin Marian Antohi ◽  
Petronela Cardon
Keyword(s):  
Risk Model ◽  
Financial Analysis ◽  
Balance Sheet ◽  
Financial Statements ◽  
Risk Profile ◽  
Event Analysis ◽  
Area Of Interest ◽  
The Impact ◽  
Accounting Errors

The study scope is to present the typology of the events analyzed through our research and their impact on the quality of reported financial data. The objectives of the study are to analyze the vulnerability of enterprises according to methodological criteria such as risks and calculations of the risk profile, as well as to establish the necessary measures for correcting the accounting errors based on the conclusions drawn from the analysis. The method used is prospective, financial analysis of the data taken from the financial statements of the companies included in the sample, dynamic for a period of 6 years (2011–2016). Based on the method used, a risk model has been conceptualized to identify the vulnerabilities and risks reported in the financial statements and to define a company risk profile based on which error correction measures can be adopted. Considering the amplitude of the necessary check-ups and the methodology of the imposed accounting treatments, we believe that the topic addressed is a real area of interest for the professional accountants because it organizes the application procedures and limits the impact of errors on the quality of financial reporting in Romania.

A financial restatement, media attention and stock idiosyncratic risk in the Chinese stock market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Haiyuan Yin ◽  
Meng Sun
Keyword(s):  
Stock Market ◽  
Listed Companies ◽  
Idiosyncratic Risk ◽  
Content Type ◽  
Financial Restatement ◽  
Media Attention ◽  
Media Reports ◽  
The Impact ◽  
The Relationship ◽  
Accounting Errors

PurposeThis paper aims to enrich the scope of the influence of media reports on the stock risk, and it also provides a path to support the research on the relationship between media reports and idiosyncratic risks in the stock market.Design/methodology/approachThe authors select financial restatement samples of listed companies in China from Jan 2015 to Dec 2017 to explore the impact of the financial restatement on the idiosyncratic risk of stocks. Further, the financial restatement that has more media attention may play a more significant role in promoting the idiosyncratic risk.FindingsThe authors found that the financial restatement of listed companies has a significant positive effect on the idiosyncratic risk of stocks. Specifically, the idiosyncratic risk changed five months before the restatement. After the restatement, the idiosyncratic risk increased by 83.47 in five days then decreased slowly, which lasted about one year. The restatement caused by sensitive issues and legal issues has a greater impact on the idiosyncratic risk. Both current restatement and delayed restatements will increase the idiosyncratic risk of stocks, but the impact of the latter is higher than the former.Research limitations/implicationsPossible deficiencies in the paper are that the number of restatements caused by major accounting errors is low. Therefore, no regular conclusions were drawn on the impact of the financial restatement caused by major accounting errors.Practical implicationsThe conclusions provide a basis for targeted supervisory measures on the restatements of listed companies. The increase in financial restatements is closely related to the lack of governance mechanisms in the stock market. For investors, although the mystery of idiosyncratic volatility exists significantly in the market, the company's valuation level will affect the relationship between the idiosyncratic risk and expected return. Investors should pay attention to the intrinsic value of the company and should not blindly pursue stocks with a low idiosyncratic risk.Originality/valueThese conclusions may enrich the scope of the influence of media reports on the stock risk and also provide a path to support the research on the relationship between media reports and idiosyncratic risks in the capital market.

An Empirical Study on the Impact of Culture on Audit-Detected Accounting Errors

2003 ◽  
Vol 22 (2) ◽  
pp. 281-295 ◽  
Author(s):  
K. Hung Chan ◽  
Kenny Z. Lin ◽  
Phyllis Lai Lan Mo
Keyword(s):  
Power Distance ◽  
Explanatory Power ◽  
Individual Performance ◽  
Relative Magnitude ◽  
Cultural Dimensions ◽  
Cultural Perspective ◽  
Large Power ◽  
Personnel Turnover ◽  
The Impact ◽  
Accounting Errors

This study draws on the theoretical framework of Hofstede's model to examine the impact of different cultural dimensions on audit-detected accounting errors. Based on the accounting errors detected in 80 foreign enterprises of different cultures operating in China, we test the direct effect of the cultural dimensions, power distance and individualism, on the magnitude of accounting errors. The results indicate that power distance and individualism have significant explanatory power in describing the differences in the relative magnitude of errors. Centralization of power in a few individuals, management override of controls, and less competent personnel are important attributes of a large power distance enterprise that contribute to larger errors. Enterprises of an individualist culture, which are characterized by higher personnel turnover and more reliance on accounting numbers for individual performance evaluation, are found to have larger errors. These results should be useful for auditors in assessing the likelihood of material errors from a cultural perspective.

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