The prudence principle and Economia Aziendale: A contribution towards resolving the IASB’s vacillations

2018 ◽  
Vol 92 (3) ◽  
pp. 73
Author(s):  
David Alexander ◽  
Clelia Fiondella ◽  
Marco Maffei
Keyword(s):  
Prudence Principle

scholarly journals SURAT PERINTAH PENGHENTIAN PENYIDIKAN (SP3) DALAM PEMBERANTASAN TINDAK PIDANA KORUPSI

2014 ◽  
Vol 3 (1) ◽  
Author(s):  
I Dewa Gede Dana Sugama
Keyword(s):  
Criminal Justice ◽  
Law Enforcement ◽  
Criminal Justice System ◽  
Justice System ◽  
Corruption Case ◽  
Prudence Principle ◽  
Independent Institutions

This study discusses about Inadequacy Corruption Eradication Commission In Issuing Warrant Termination of Investigation In Corruption Case. The Commission is authorized to issue a warrant termination of the investigation and to determine the actions taken when the Commission which investigated corruption Commission was not enough evidence. The conclusion of this study is, first Corruption Eradication Commission is authorized to issue an Order for Termination of Investigation in accordance with Article 40 of Law No. 30 Year 2002 about Corruption Eradication Commission, consideration of the logic of juridical is that the Commission is not a core law enforcement within the criminal justice system and just as independent institutions that can be dismissed if there is no corruption in our country. The arrangement of Article 40 of Law No. 30 of 2002 is prudential or attitude of prudence principle for the Commission to work accurately, efficiently and professionally

scholarly journals Fair value and stakeholder-oriented accounting systems. Some evidence from Italy

2006 ◽  
Vol 4 (1) ◽  
pp. 127-138 ◽  
Author(s):  
Giovanni Melis ◽  
Andrea Melis ◽  
Alessandro Pili
Keyword(s):  
Fair Value ◽  
Accounting System ◽  
Cultural Issues ◽  
Accounting Systems ◽  
Income Statement ◽  
Wide Range ◽  
Key Issues ◽  
Gains And Losses ◽  
Prudence Principle

This paper examined the key issues related to the effects of introduction of fair value in a stakeholder oriented accounting system. In particular, it discussed how the decision of the Italian policymaker to limit the distribution to shareholders of fair value gains is rooted on the importance of prudence in the Italian legal and GAAP framework. The paper seek to explore how the importance of the ‘prudence’ principle in the Italian legal and GAAP framework seems mainly due to the influence of broadly defined corporate governance issues, such as the ownership, control and capital structures that characterise Italian listed companies, the concept of the corporation as generally accepted in Italy, and cultural issues, in relation to prudence, risk-taking and uncertainty avoidance. This paper argued that the Italian regulator decision seems able to safeguard the interests of a wide range of corporate stakeholders, without lowering the quality of information to investors, and provided an example of income statement section (named comprehensive income statement) in which fair value gains and losses may be disclosed

Debate: Accommodating the prudence principle in EPSAS design

2019 ◽  
Vol 39 (6) ◽  
pp. 391-392
Author(s):  
Helge C. Brixner ◽  
Martin Köhler
Keyword(s):  
Prudence Principle

scholarly journals Receivables impairment comparison – accounting and taxation perspective

2009 ◽  
Vol 57 (3) ◽  
pp. 33-42
Author(s):  
Jana Gláserová ◽  
Milena Otavová
Keyword(s):  
Czech Republic ◽  
Financial Reporting ◽  
Income Tax ◽  
Reporting System ◽  
The Czech Republic ◽  
Significant Area ◽  
Set Up ◽  
Prudence Principle ◽  
The Way

Receivables are the significant area of assets in the entrepreneurs reporting system and in the banks reporting system as well. It is necessary to pay attention to this area and to be flexible in the reaction to changes in the risk of bad debts. Impairment of the bad debts is the reaction to these changes. The impairment is based on the prudence principle and the true and fair view principle. There are quite different rules for impairment application for taxation purposes in the Czech Republic than for financial reporting are set up by Income Tax Act. The paper is concerned with the comparison of ways of bad debts impairment reporting in the entrepreneurs’ financial reporting system and in the banks financial reporting system.The receivables definitions are similar for entrepreneurs and for banks. There are some differences in their classification and in the way of prudent principle application in this area.

scholarly journals Prudence, Principle and Minimal Heuristics: British Public Opinion toward the Use of Military Force in Afghanistan and Libya

2013 ◽  
Vol 16 (1) ◽  
pp. 28-55 ◽  
Author(s):  
Jason Reifler ◽  
Harold D. Clarke ◽  
Thomas J. Scotto ◽  
David Sanders ◽  
Marianne C. Stewart ◽  
...  
Keyword(s):  
Public Opinion ◽  
Military Force ◽  
Prudence Principle

scholarly journals MANFAAT ANALISIS YURIDIS DAN SOSIOLOGIS YANG BERSIFAT KOMPLEMENTER DALAM PERJANJIAN KREDIT UNTUK MEMINIMALISIR RESIKO BANK SEBAGAI KREDITOR

2012 ◽  
Vol 1 (2) ◽  
Author(s):  
Misahardi Wilamarta ◽  
Zulfadli Barus
Keyword(s):  
Credit Risk ◽  
Key Words ◽  
Financial Institution ◽  
Complementary Approach ◽  
Trust Business ◽  
Sociological Approaches ◽  
Prudence Principle

<p align="center"><strong><em>Abstract </em></strong><strong><em></em><em> <br /></em></strong></p><p><em>As a financial institution, bank has collected money from society and landing credit to debtors who need it to support their own businesses. As a kind trust business, bank have delivered credit to debtors which are based on the prudence principle, in order to make a bank in secured position for taking profit. Therefore, bank has used complementary approach like juridical and sociological approaches. Through this approaches, a bank could get safety position in legal and financial aspects. That’s why, by landing credit a bank could get profit and risk minimized.</em></p><p><em>Key words :    Bank, trust of business, credit, risk.</em></p><p align="center"><strong>Abstrak</strong><strong></strong><strong> <br /></strong></p><p>Bank sebagai lembaga keuangan berfungsi menghimpun dana dari masyarakat dan menyalurkannya dalam bentuk kredit untuk pengembangan usaha bagi mereka yang memerlukannya berdasarkan prinsip kehati-hatian, agar tidak merugikan bank dan nasabah penabung, sehingga bisnis perbankan disebut sebagai bisnis kepercayaan. Agar supaya proses penyaluran kredit aman secara hukum dan menguntungkan secara ekonomis, maka bank melakukan pendekatan yuridis dan sosiologis secara komplementer. Dengan cara ini, bank dapat meminimalisir resiko dan sekaligus memperoleh keuntungan.</p><p>Kata kunci :   Bank, bisnis kepercayaan, kredit, resiko.</p>

scholarly journals PENGARUH KOMITE AUDIT (AUDIT MEETING), MANAGERIAL DIRECTOR TERHADAP KONSERVATISME AKUNTANSI (Studi pada Industri Ritel yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2016).

2018 ◽  
Vol 4 (2) ◽  
pp. 1149-1162
Author(s):  
Fitri Anjani ◽  
Dudi Pratomo ◽  
Kurnia Kurnia
Keyword(s):  
Financial Reporting ◽  
Audit Committee ◽  
Stock Exchange ◽  
Sample Selection ◽  
Foreign Ownership ◽  
Accounting Conservatism ◽  
Independent Director ◽  
Managerial Ownership ◽  
Share Ownership ◽  
Prudence Principle

Conservatism is the prudence principle in the preparation of financial reporting in which the company is not rush to recognizing revenue and profit, as well as immediately, recognize cost and loss that have the possibility of occurring. The prudence principle is referred to accounting conservatism. This study aimed to obtain empirical evidence of the influence of the audit committee, managerial ownership, foreign ownership, and independent director to accounting conservatism. The population in this study is a sub-company retail industry sector listed on the Indonesia Stock Exchange in 2012-2016. Mechanical sample selection using purposive sampling and acquired 5 companies by 5 years in order to get 25 samples was observed. Model analysis of the data in this research is panel data regression using Software Eviews 9.0. This study shows that independent variables such as the audit committee, managerial ownership, foreign ownership, and independent director simultaneously affect the dependent variable accounting conservatism. In partial of variable audit committee significant positive effect on accounting conservatism, variable independent director significant negative effect on accounting conservatism. Meanwhile, the variable managerial ownership and foreign ownership no significant effect on accounting conservatism. Conclusions of this research is the audit committee and independent director significant effect on accounting conservatism, while managerial ownership and foreign ownership has no effect and can reduce the accounting conservatism at the company. Suggestions for the company is to increase the amount of managerial share ownership and for the investor to see the company that has a high proportion of foreign share ownership. As for further research, can use other measurement methods to measure conservatism as using Zhang or Basu method. From the test results obtained partial results showing variable levels of financial difficulty with negative direction have a significant effect on accounting conservatism. Variable litigation risk and growth opportunities no significant effect on accounting conservatism.

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