Pub Date : 2020-11-05DOI: 10.31031/siam.2020.02.000528
Adi Masli
{"title":"The COVID-19 Pandemic and Bankruptcies of Retail Companies: An Initial Look","authors":"Adi Masli","doi":"10.31031/siam.2020.02.000528","DOIUrl":"https://doi.org/10.31031/siam.2020.02.000528","url":null,"abstract":"","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116372385","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}
Pub Date : 2020-10-15DOI: 10.31031/siam.2020.02.000527
Jae Eon Yu
{"title":"Making Systemic Innovation Using Process- Oriented Systems Research: The Case of Korean Company","authors":"Jae Eon Yu","doi":"10.31031/siam.2020.02.000527","DOIUrl":"https://doi.org/10.31031/siam.2020.02.000527","url":null,"abstract":"","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115837157","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}
Pub Date : 2020-10-07DOI: 10.31031/siam.2020.01.000526
Hassan I Rkein
The ill-timed recognition of Credit Losses had proven to have a remarkable negative impact not only on the financial position of the banks, but also it affected the banks’ going concern and sustainability. This has been evidenced by the most recent Global Financial Crisis (GFC) in 2007, whereby banks and other financial institutions have been obliged to implement the IFRS 9 accounting standard (International Financial Reporting Standard 9). The financial instrument IFRS 9 requires firms to model future events in the macroeconomic environment and calculate Expected Credit Loss (ECL) for their financial instruments over either a 12 month or lifetime period. The implementation of this newly developed and implemented accounting principle will help in reducing the likelihood of a repetition of another financial crisis based on similar causes since it allows investors to know detailed information about any projected credit losses. Financials need to know if this shifting in accounting principles will lead to eliminating or reducing financial crisis. This paper puts forward as assessment of the impact on Lebanese banks linked to the transition from IAS 39 to IFRS 9, aiming to figure out if this new instrument helped avoiding financial crisis in the banking sector. This is an exploratory, qualitative research using inductive approach. Data will be collected using a simple questionnaire distributed to a sample of Lebanese banks. The paper offers a review of the International Financial Reporting Standards including history, the goals behind the implementation of common standards, defining IFRS principles that are applied in banks, and assessing the top concerns in applying IFRS 9 in banks with emphasis on Lebanon. The research`s outcome will propose a framework of recom-mendations to adopt the new accounting principle IFRS 9 in Banks in a way that will help in avoiding and eliminating the financial crisis.
{"title":"Toward a Framework for Examining the Implementation of IFRS 9 in Banking Industry: An Assessment from Lebanon","authors":"Hassan I Rkein","doi":"10.31031/siam.2020.01.000526","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000526","url":null,"abstract":"The ill-timed recognition of Credit Losses had proven to have a remarkable negative impact not only on the financial position of the banks, but also it affected the banks’ going concern and sustainability. This has been evidenced by the most recent Global Financial Crisis (GFC) in 2007, whereby banks and other financial institutions have been obliged to implement the IFRS 9 accounting standard (International Financial Reporting Standard 9). The financial instrument IFRS 9 requires firms to model future events in the macroeconomic environment and calculate Expected Credit Loss (ECL) for their financial instruments over either a 12 month or lifetime period. The implementation of this newly developed and implemented accounting principle will help in reducing the likelihood of a repetition of another financial crisis based on similar causes since it allows investors to know detailed information about any projected credit losses. Financials need to know if this shifting in accounting principles will lead to eliminating or reducing financial crisis. This paper puts forward as assessment of the impact on Lebanese banks linked to the transition from IAS 39 to IFRS 9, aiming to figure out if this new instrument helped avoiding financial crisis in the banking sector. This is an exploratory, qualitative research using inductive approach. Data will be collected using a simple questionnaire distributed to a sample of Lebanese banks. The paper offers a review of the International Financial Reporting Standards including history, the goals behind the implementation of common standards, defining IFRS principles that are applied in banks, and assessing the top concerns in applying IFRS 9 in banks with emphasis on Lebanon. The research`s outcome will propose a framework of recom-mendations to adopt the new accounting principle IFRS 9 in Banks in a way that will help in avoiding and eliminating the financial crisis.","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117057692","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}
Pub Date : 2020-09-18DOI: 10.31031/siam.2020.01.000525
Donald E Sexton
{"title":"The Role of Costs in Pricing","authors":"Donald E Sexton","doi":"10.31031/siam.2020.01.000525","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000525","url":null,"abstract":"","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"33 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120818536","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}
Pub Date : 2020-09-18DOI: 10.31031/siam.2020.01.000524
Ermelinda Lopes
{"title":"The Global Business","authors":"Ermelinda Lopes","doi":"10.31031/siam.2020.01.000524","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000524","url":null,"abstract":"","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124047342","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}
Pub Date : 2020-08-25DOI: 10.31031/siam.2020.01.000523
Huai Yuan Han
{"title":"The Characteristics of Bribe-Taking by Chinese High-Level Officials","authors":"Huai Yuan Han","doi":"10.31031/siam.2020.01.000523","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000523","url":null,"abstract":"","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"387 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123263192","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}
Pub Date : 2020-07-31DOI: 10.31031/siam.2020.01.000522
Paul F. Gentle
{"title":"The Economic Impact of the COVID-19 Virus and Considerations of the United States Unified Budget Act","authors":"Paul F. Gentle","doi":"10.31031/siam.2020.01.000522","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000522","url":null,"abstract":"","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123675091","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}
Pub Date : 2020-07-24DOI: 10.31031/siam.2020.01.000521
Stephen R Moehrle
Much innovation is occurring in the public and private accountancy professions. In this article, we describe the most high-profile innovations and provide examples of how these innovations are already impacting the CPA profession. Most importantly, we implore accounting program leaders and professors to support development of these skill sets in our CPA-trained students. The goal of the manuscript is to accelerate recognition across the accounting academy regarding the role of the transformational technologies in the practice of accounting and then motivate development of instructional pedagogy aimed at developing these skills in accounting students.
{"title":"Transformational Technologies in the CPA Profession and Business: What is the Role of the Accounting Academy?","authors":"Stephen R Moehrle","doi":"10.31031/siam.2020.01.000521","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000521","url":null,"abstract":"Much innovation is occurring in the public and private accountancy professions. In this article, we describe the most high-profile innovations and provide examples of how these innovations are already impacting the CPA profession. Most importantly, we implore accounting program leaders and professors to support development of these skill sets in our CPA-trained students. The goal of the manuscript is to accelerate recognition across the accounting academy regarding the role of the transformational technologies in the practice of accounting and then motivate development of instructional pedagogy aimed at developing these skills in accounting students.","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131364209","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}
Pub Date : 2020-07-15DOI: 10.31031/siam.2020.01.000520
Isabelle Comyn- Wattiau
{"title":"How Covid-19 Positively Impacts Information Governance Democratization","authors":"Isabelle Comyn- Wattiau","doi":"10.31031/siam.2020.01.000520","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000520","url":null,"abstract":"","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115549937","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}
Pub Date : 2020-03-16DOI: 10.31031/siam.2020.01.000519
Xiangrong Shi
The development of big data and cloud computing technology has brought new changes to the mode of production and operation in various industries, mainly reflected both in the more automated and informatized production process, and in the massively generated and well stored business data and financial data. And these changes are also a great challenge to the audit industry. For instance, over the last 20 years, computer-aided auditing based on SQL queries has witnessed enormous popularity in the government audit in China. Nevertheless, more and more experienced auditors have found that some frauds can be easily discovered through database queries, while others cannot. Taking the medicine makeup rate in China’s public hospital as an example, in the past, the rate can be easily calculated by retrieving the purchase price and sales price of various medicines from database, and audit conclusion can be obtained by referring to the regulations. However, with the enhancement of control mechanism of information system, such direct and blatant violations of the government price policy become increasingly rare. Nowadays, circumstances have become more obscure and the traditional method of querying has become more ineffective. For instance, doctors who received illegitimate funding from pharmaceutical companies would have the tendency to make improper treatment programs. Besides, problems like “large prescriptions”, over treatment, abuse of health insurance funds, inefficient using of medical equipment would not result in obvious frauds, which can be easily examined through simple SQL queries in database. However, employing various data mining algorithms, valuable audit clues might be captured.
{"title":"Data Mining: A New Direction for the Talent Training in Audit Informatization","authors":"Xiangrong Shi","doi":"10.31031/siam.2020.01.000519","DOIUrl":"https://doi.org/10.31031/siam.2020.01.000519","url":null,"abstract":"The development of big data and cloud computing technology has brought new changes to the mode of production and operation in various industries, mainly reflected both in the more automated and informatized production process, and in the massively generated and well stored business data and financial data. And these changes are also a great challenge to the audit industry. For instance, over the last 20 years, computer-aided auditing based on SQL queries has witnessed enormous popularity in the government audit in China. Nevertheless, more and more experienced auditors have found that some frauds can be easily discovered through database queries, while others cannot. Taking the medicine makeup rate in China’s public hospital as an example, in the past, the rate can be easily calculated by retrieving the purchase price and sales price of various medicines from database, and audit conclusion can be obtained by referring to the regulations. However, with the enhancement of control mechanism of information system, such direct and blatant violations of the government price policy become increasingly rare. Nowadays, circumstances have become more obscure and the traditional method of querying has become more ineffective. For instance, doctors who received illegitimate funding from pharmaceutical companies would have the tendency to make improper treatment programs. Besides, problems like “large prescriptions”, over treatment, abuse of health insurance funds, inefficient using of medical equipment would not result in obvious frauds, which can be easily examined through simple SQL queries in database. However, employing various data mining algorithms, valuable audit clues might be captured.","PeriodicalId":158514,"journal":{"name":"Strategies in Accounting and Management","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133430740","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}
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