Common Terror: Permissible Error in Financial Statements - Teradyne Case Study - Why a $24 Million Accounting Error Need not be Corrected

2009 ◽  
Author(s):  
M. A. Gumport
Keyword(s):  
Financial Statements ◽  
Permissible Error

Avondale Estates: A Case Study in Governmental Accounting and Auditing—A Historical Approach

2012 ◽  
Vol 27 (2) ◽  
pp. 419-440 ◽  
Author(s):  
Donald L. Ariail ◽  
Joe Durden ◽  
Marilynn Leathart ◽  
Lynette Chapman-Vasill
Keyword(s):  
Public Service ◽  
Historical Perspective ◽  
Accounting Standards ◽  
Financial Statements ◽  
Governmental Accounting ◽  
Accounting History ◽  
Service Role ◽  
Audit Reports

ABSTRACT The 82 years of accounting evolution that separate the audits of 1928 and 2009 under different accounting and auditing standards are examined through a cross-disciplined case study that compares the historical 1928 and the contemporary 2009 financial statements and the accompanying audit reports of Avondale Estates, Georgia. The 1928 and 2009 reports and financial statements of this municipality, along with the municipality's current budget information accessible over the Internet, can be used in a number of ways to enhance the instruction of governmental accounting at the undergraduate, graduate, and doctoral levels. In addition to aiding in the teaching of current governmental accounting standards, the case also can be used to give the student a historical perspective on governmental accounting and the accounting profession. By comparing the accounting and reporting standards used in 1928 and 2009, the student will gain an understanding of the evolution of accounting thought. Moreover, the auditors' reports for the two periods illustrate the historical and continuing public service role of the CPA profession as detailed in ET Section 53 of the AICPA Professional Standards (AICPA 2010). Thus, this case study gives the accounting instructor a useful vehicle for teaching accounting history and thought.

scholarly journals Penyusunan Laporan Keuangan dan Perancangan Aplikasi Keuangan Untuk Usaha Kecil Menengah Studi Kasus pada D’Haus Cake

2020 ◽  
Vol 15 (2) ◽  
pp. 90-96
Author(s):  
Fitra Oliyan ◽  
Elfitri Santi ◽  
Eka Rosalina
Keyword(s):  
Implementation Process ◽  
Financial Statements ◽  
Transaction Processing ◽  
Development Stage ◽  
User Needs ◽  
Application Development ◽  
Financial Position ◽  
Microsoft Access ◽  
System Requirements

This study aims to design accounting applications for the preparation of financial statements at D'Haus Cake's business. The approach used in this research is a case study. The design process begins with studying the transactions and reports that D'Haus Cake’s business needs in the form of purchase and sale transaction forms, and general journals. The required reports are in the form of all transaction journal records, ledgers, trial balances, profit and loss reports, and statements of financial position. After studying the system requirements, then proceed to the application development stage using Microsoft Access 2013 software. The next stage is to test the application to obtain adequate confidence in transaction processing by comparing the results of processing with manual calculations carried out. The implementation process is carried out by converting the initial data on the conversion date and making input transactions up to the company's operating date. After implementing and converting, the final stage is to carry out training for users and carry out a process of improvement and adjustment to the application based on the feedback received from users. The process of designing and implementing the application has been considered successful after the user states that the application has met all user needs and operates well.

scholarly journals TAX RESEARCH Financial Accounting versus Tax Accounting - Tax Rules’ Impact on Investment Decisions

2016 ◽  
Vol 4 (1) ◽  
pp. 9
Author(s):  
Dr.Sc. Skender Ahmeti ◽  
Dr.Sc. Muhamet Aliu ◽  
MSc. Alban Elshani ◽  
Yllka Ahmeti
Keyword(s):  
Investment Decisions ◽  
Financial Statements ◽  
Financial Accounting ◽  
Future Research ◽  
International Accounting Standards ◽  
Corporation Tax ◽  
Tax Research ◽  
The Impact

This paper provides guidance for all those interested in research related to tax. In the study are included three main areas dealing with taxes and about taxes: (1) the role of information in corporation tax expenditures under the rules and laws of the country against financial statements according to international accounting standards, (2) case study PTK; how much effective tax and tax on extra profit has it paid (3) the impact of tax rules on investment decisions - the reasons and profits of the company and the host country. We will try to summarize here the three areas of study and come to some conclusions on how to deal with fiscal policy in Kosovo. In addition, we will offer our opinion on some interesting and important questions for future research.

Starbucks sustained during economic crisis

2014 ◽  
Vol 4 (1) ◽  
pp. 307
Author(s):  
Madiha Latif ◽  
Hafiza Qurat-ul-ain ◽  
Hina Gulzar ◽  
Syeda Rabia Bukhari ◽  
Syeda Nudrat Sameen
Keyword(s):  
Design Methodology ◽  
Financial Statements ◽  
Financial Ratios ◽  
Price Stability ◽  
Case Study Method ◽  
Current Position ◽  
Operational Level ◽  
Leading Position ◽  
International Price

Purpose: The purpose of this paper is to study the understand that how companies compute their financial ratios and use these financial ratios to identify company’s financial situation. The company is also compared with the competitor’s financial statements to identify current position in markets. Design/ Methodology: The case study method is used to better understand the company. In this study researchers developed that how company’s operations and position is effected by the great economic downfall in overall world’s economy. Moreover they discussed that how they are trying to survive in markets to retain their leading position. Findings: After considering all financial aspects researchers found that the company is no doubt badly effected with the worse economic situations but still they adopted strategies from top to operational level that keep them a right hand to sustain in market as a leader. Suggestions: Developing advertisement strategies, international price stability, target to all economic classes and all aged persons, and diversify business rather then only beverages or confectionary item related businesses. 

scholarly journals Assessment of Enhancing Transparency of Financial Statements

2016 ◽  
Vol 6 (2) ◽  
pp. 175
Author(s):  
Viswa Nadham N.
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Opportunity To Learn ◽  
Financial Statements ◽  
Financial Statement ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
The Public ◽  
Qualitative And Quantitative

The study explored both the advantages of transparency and challenges facing finance departments of local government authorities in the course of preparing and presenting financial information. The study employed an explanatory case study,cross-sectional survey  and applied a triangulation of methods to collect both qualitative and quantitative data. The participants were all selected based on the opportunity to learn and the typicality of Dodoma municipality. A total of 80 respondents were involved. Data analysis was done through SPSS. Figures, tables, pattern matching, comparison and strong explanation building all aided in simplifying the analyses of findings.Key findings of the study unveiled that participation of the public in finance affairs of local governments heightened transparency in the preparation and presentation of financial statements. Furthermore, the finding reveal that International Finnancial Report Standards (IFRS) was rarely applicable during  the preparation of financial statement. It was also found out that tansparency in financial matters reduced fraudulent behaviours in the allocation and expenditure of local government funds.Key words: Financial statements, IFRS, IAS, Financial transperancy.

scholarly journals Analysis of the cause of loss of PT. Asuransi Jiwasraya (Persero)

2020 ◽  
Vol 17 (4) ◽  
pp. 199-206
Author(s):  
Girang Permata Gusti
Keyword(s):  
Financial Statements ◽  
Insurance Companies ◽  
Investment Fund ◽  
Insurance Company ◽  
Financial Problems ◽  
Investment Funds ◽  
Descriptive Research ◽  
Stock Investment ◽  
Insurance Payment

Research purposes – to analyse the causes of losses faced by PT. Asuransi Jiwasraya and review in more detail, what are the factors of the cause of the financial problems faced by Jiwasraya, so that the company has stood for 160 years With assets in the year 2017 of 45 trillion rupiah, a sudden loss of 13 trillion rupiah with a debt of 49 trillion rupiah in 2019.Design / Methodology / Approach – This research uses descriptive research method, which aims to explain a phenomenon or event systematically and as it is, this research was conducted to obtain information about the previous situation and the current situation to be analyzed so that the core of the problem that causes the research can be found. This study uses a case study model that occurred at PT. Asuransi Jiwasraya, which is experiencing financial problems due to mismanagement and misplacement of customers 'investment funds, has caused it to be unable to return investment funds and pay customers' investment interest.Finding – (1) Management's mistake in placing the customer's investment fund is the main cause of insurance payment to the customer. (2) JS Saving is a not unit link investment where the risk is entirely borne by the insurance company. The lure of a High Return JS Saving Plan is offered with a guaranteed return of 9 percent to 13 percent from 2013 to 2018 with a disbursement period every year. (3) Jiwasraya manipulates its financial statements so that they can look good to investors. (4) Management is too aggressive in investing to pursue the company's profit targets and target payment obligations to all customers who buy investment products.Research limitations – This research is limited to cases that occur in the insurance company Jiwasraya, with no comparison with other insurance companies or other investment companies.Originality/value – The authenticity of the analysis and observation to obtain valid and accountable data, the results are used to find the main cause of the losses that occur at the insurance company under study. Keywords: Jiwasraya Insurance; Stock Investment; Mismanagement

Sign in / Sign up

Export Citation Format

Share Document