Pub Date : 2022-09-15DOI: 10.37745/ejaafr.2013/vol10n105574
Dunia Mastaki Jean
L’une des missions des institutions de micro finances est de promouvoir les conditions de vie de leurs membres en utilisant l’épargne que les banques affectent aux besoins de crédit surtout à la population à faible revenu. Il serait important que la politique de crédit soit bien étudiée par les IMF d’autant plus que celle –ci constitue l’une des sources de développement du pays.Nous avons voulu voir si les services de micro finances offert par PAIDEK sont accessibles aux peuples de Goma qui n’ont pas accès aux services financiers des banques commerciales et vérifier si les crédits octroyés aux membres de PAIDEK contribuent à l’amélioration des conditions de vie de ses membres bénéficiaires.Pour essayer de vérifier nos hypothèses, nous avons fait recours aux méthodes et techniques basées sur l’observation, la statistique, la documentation et le questionnaire.Pour y parvenir nous avons administré un questionnaire d’enquête à 90 membres de PAIDEK S.A. Agence de Goma. Les résultats ont révélé que 91,1% des enquêtes apprécie les services rendus par PAIDEK et 96,7% enquêtes atteste leur satisfaction sur le plan socio-économique. Sur base de ses résultats nous pouvons affirmer que la contribution de crédit a été significative
{"title":"Impact de Crédits bancaires dans la vie socio-économique de ses bénéficiaires cas de la PAIDEK S.A Goma Nord-Kivu/RDC","authors":"Dunia Mastaki Jean","doi":"10.37745/ejaafr.2013/vol10n105574","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n105574","url":null,"abstract":"L’une des missions des institutions de micro finances est de promouvoir les conditions de vie de leurs membres en utilisant l’épargne que les banques affectent aux besoins de crédit surtout à la population à faible revenu. Il serait important que la politique de crédit soit bien étudiée par les IMF d’autant plus que celle –ci constitue l’une des sources de développement du pays.Nous avons voulu voir si les services de micro finances offert par PAIDEK sont accessibles aux peuples de Goma qui n’ont pas accès aux services financiers des banques commerciales et vérifier si les crédits octroyés aux membres de PAIDEK contribuent à l’amélioration des conditions de vie de ses membres bénéficiaires.Pour essayer de vérifier nos hypothèses, nous avons fait recours aux méthodes et techniques basées sur l’observation, la statistique, la documentation et le questionnaire.Pour y parvenir nous avons administré un questionnaire d’enquête à 90 membres de PAIDEK S.A. Agence de Goma. Les résultats ont révélé que 91,1% des enquêtes apprécie les services rendus par PAIDEK et 96,7% enquêtes atteste leur satisfaction sur le plan socio-économique. Sur base de ses résultats nous pouvons affirmer que la contribution de crédit a été significative","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122659420","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 : 2022-09-15DOI: 10.37745/ejaafr.2013/vol10n101433
J. Kurawa, K. Shuaibu
This study examines the impact of audit committee characteristics (AC) on financial performance of listed non-financial companies in Nigeria from 2013-2020. A sample of seventy-six (76) companies listed as non-financial was drawn from the population of one hundred and thirteen (113) companies. Audited annual reports and accounts were used for data extraction. The analysis was done using descriptive statistics and multiple regressions. Explanatory research designed was adopted in the study to find out the impact of AC on financial performance. Variables used include AC proxy by ACIND, ACS and ACM as the proxies for independent variable and financial performances’ accounting and market based measures proxy by EPS and Tobin’s Q was used as the dependent variable. Robustness tests such as multicollonearity test, heteroscedasticity test, normality test and hausman specification test were conducted to validate the results. The study revealed that there is negative significant relationship ACIND and EPS, TQ and ACS has a significant relationship with EPS positively while a negative with TQ and lastly, ACM reported a positive significant relationship with EPS and a positive but not significant with TQ of listed Non-financial companies in Nigeria during the study period. Based the on the findings of the study, the study recommends that the management of the listed non-financial companies in Nigeria should ensure that AC should be made more effective by ensuring that members are made up of independent non-executive directors and the size of the AC should be optimal and lastly ensure that AC meetings are to be tailored towards relevant issues that enhance financial performance of the firm.
{"title":"Audit Committee Characteristics and Financial Performance: A study of Listed Non-Financial Companies in Nigeria","authors":"J. Kurawa, K. Shuaibu","doi":"10.37745/ejaafr.2013/vol10n101433","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n101433","url":null,"abstract":"This study examines the impact of audit committee characteristics (AC) on financial performance of listed non-financial companies in Nigeria from 2013-2020. A sample of seventy-six (76) companies listed as non-financial was drawn from the population of one hundred and thirteen (113) companies. Audited annual reports and accounts were used for data extraction. The analysis was done using descriptive statistics and multiple regressions. Explanatory research designed was adopted in the study to find out the impact of AC on financial performance. Variables used include AC proxy by ACIND, ACS and ACM as the proxies for independent variable and financial performances’ accounting and market based measures proxy by EPS and Tobin’s Q was used as the dependent variable. Robustness tests such as multicollonearity test, heteroscedasticity test, normality test and hausman specification test were conducted to validate the results. The study revealed that there is negative significant relationship ACIND and EPS, TQ and ACS has a significant relationship with EPS positively while a negative with TQ and lastly, ACM reported a positive significant relationship with EPS and a positive but not significant with TQ of listed Non-financial companies in Nigeria during the study period. Based the on the findings of the study, the study recommends that the management of the listed non-financial companies in Nigeria should ensure that AC should be made more effective by ensuring that members are made up of independent non-executive directors and the size of the AC should be optimal and lastly ensure that AC meetings are to be tailored towards relevant issues that enhance financial performance of the firm.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"36 12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132936729","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 : 2022-09-15DOI: 10.37745/ejaafr.2013/vol10n10113
F. C. Iyidiobi, U. Ugwuanyi, C. I. Ezugwu
This study is an empirical examination of the effect of goods and services tax on capital expenditure in Nigeria for the period 2005 - 2020. The specific objectives are to ascertain the effect of value added tax (VAT) on capital expenditure (CAPEX) and secondly to determine the effect of Customs and Excise Duties on capital expenditure (CAPEX) in Nigeria. The study is theoretically linked to Benefit Received Theory. The study was an ex-post-facto research which made use of secondary data obtained from the Central Bank Statistical Bulletin. The study employed descriptive statistics and graphical representation using E-Views 10 software to check for the trends, linearity or otherwise of the data. Regression model was applied in determining the extent of the effect exerted on capital expenditure (CAPEX) by value added tax (VAT) and custom and excise duties (CED). The result of the analysis revealed that the duo independent variables which are value added tax and custom duties had a significant and positive effect on capital expenditure. The implication of this finding is that the capital expenditure has been influenced significantly by value added tax and customs duties. The study concluded that a long-run relationship existed among VAT, CED and capital expenditure. It is therefore recommended that revenues generated from VAT and CED should be invested and allocated adequately in major domestic sectors of the economy of Nigeria so as to expand the revenue sources of the nation.
{"title":"Effect of Goods and Services Tax on Capital Expenditure in Nigeria","authors":"F. C. Iyidiobi, U. Ugwuanyi, C. I. Ezugwu","doi":"10.37745/ejaafr.2013/vol10n10113","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n10113","url":null,"abstract":"This study is an empirical examination of the effect of goods and services tax on capital expenditure in Nigeria for the period 2005 - 2020. The specific objectives are to ascertain the effect of value added tax (VAT) on capital expenditure (CAPEX) and secondly to determine the effect of Customs and Excise Duties on capital expenditure (CAPEX) in Nigeria. The study is theoretically linked to Benefit Received Theory. The study was an ex-post-facto research which made use of secondary data obtained from the Central Bank Statistical Bulletin. The study employed descriptive statistics and graphical representation using E-Views 10 software to check for the trends, linearity or otherwise of the data. Regression model was applied in determining the extent of the effect exerted on capital expenditure (CAPEX) by value added tax (VAT) and custom and excise duties (CED). The result of the analysis revealed that the duo independent variables which are value added tax and custom duties had a significant and positive effect on capital expenditure. The implication of this finding is that the capital expenditure has been influenced significantly by value added tax and customs duties. The study concluded that a long-run relationship existed among VAT, CED and capital expenditure. It is therefore recommended that revenues generated from VAT and CED should be invested and allocated adequately in major domestic sectors of the economy of Nigeria so as to expand the revenue sources of the nation.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114068488","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 : 2022-09-15DOI: 10.37745/ejaafr.2013/vol10n103454
Duniamastaki Jean
This study had two specific objectives which are: Establish the effect of credit risk management on performance of commercial banks in DRC. And to identify the most healthiness Commercial banks in DRC. In this study we have responded to two questions: Is there a relationship between the credit risk management and the performance of Commercial banks in DRC? What’s the healthiness commercial bank in DRC? After analysis we concluded that the credit risk management has not any impact with the financial performance of commercial banks in DRC and the best commercial bank in DRC was BCDC during the time covered by this study
{"title":"Credit Risk Management and Financial Performance of Commercial in DRC","authors":"Duniamastaki Jean","doi":"10.37745/ejaafr.2013/vol10n103454","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n103454","url":null,"abstract":"This study had two specific objectives which are: Establish the effect of credit risk management on performance of commercial banks in DRC. And to identify the most healthiness Commercial banks in DRC. In this study we have responded to two questions: Is there a relationship between the credit risk management and the performance of Commercial banks in DRC? What’s the healthiness commercial bank in DRC? After analysis we concluded that the credit risk management has not any impact with the financial performance of commercial banks in DRC and the best commercial bank in DRC was BCDC during the time covered by this study","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129009374","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 : 2022-08-15DOI: 10.37745/ejaafr.2013/vol10n84855
Ayuba Nenrot, L. O. Mustapha, I. A. Mohammad
Foreign exchange rate is often seen as an important factor that influences country’s level of productivity, employment rate as well as international trade. Therefore, constant fluctuation in currencies exchange rate has been a major concern in international business operation across countries of the world. This study focused on reviewing the determinants of foreign exchange rate from studies conducted in some developing countries of the world based on literature mapping approach between 1994 to 2020. The study concludes that trade, money supply, trade openness, domestic investment, interest rate differentials, foreign exchange, productivity, inflation, capital inflow, gross domestic production, current account balance, external debt, government spending, oil revenue, nominal exchange rate, price of gold, tariffs, investments, central bank intervention, foreign asset and net export were considered as determinants of foreign exchange rate in some the developing countries of the world.
{"title":"Determinants of Foreign Exchange Rate of Selected Developing Countries: A Conceptual Review","authors":"Ayuba Nenrot, L. O. Mustapha, I. A. Mohammad","doi":"10.37745/ejaafr.2013/vol10n84855","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n84855","url":null,"abstract":"Foreign exchange rate is often seen as an important factor that influences country’s level of productivity, employment rate as well as international trade. Therefore, constant fluctuation in currencies exchange rate has been a major concern in international business operation across countries of the world. This study focused on reviewing the determinants of foreign exchange rate from studies conducted in some developing countries of the world based on literature mapping approach between 1994 to 2020. The study concludes that trade, money supply, trade openness, domestic investment, interest rate differentials, foreign exchange, productivity, inflation, capital inflow, gross domestic production, current account balance, external debt, government spending, oil revenue, nominal exchange rate, price of gold, tariffs, investments, central bank intervention, foreign asset and net export were considered as determinants of foreign exchange rate in some the developing countries of the world.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129200648","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 : 2022-08-15DOI: 10.37745/ejaafr.2013/vol10n85677
Sibora Skenderi
This research paper aims to serve as an added value to enrich the literature regarding the Central Banks Digital Currency and all its possible implications impacting the financial system. Our focus is on analysing CBDC from different perspectives, by analysing the motivations and concerns that lead countries with different economic conditions to introduce for their public this innovation as well as, to analyse the implications it poses due to significant fields of banking sector at whole, in terms of commercial banks, monetary policy of central bank or all the spikes that may happen in financial stability. The imminent allocation of crypto currencies has been the catalyst which has prompted Central Banks of various countries in Europe and beyond, to launch complex studies focusing on the implementation of macroeconomic policies in the context of digital currency issued by Central Banks. In prima facie overview, this process will be accompanied by various challenges, ascertained these challenges in the economic field but also in the legal one. This research paper, inter alia, aims to analyse the legal regulatory framework at the level of the European Union, taking into account the potential implications, material and procedural difficulties as well as, the economic effects that may derive from the issuance of digital currency issued by Central Banks. Along with analysation of EU legal framework in this research paper shall be analysed also the perspective of the Republic of Albania, as a candidate country for membership in the European Union which has the obligation to harmonize legislation with the aquis communiter.
{"title":"Central Bank Digital Currencies: To issue, or not to issue, that is the question- Legal and Economic Implications in the EU and, the Albanian Perspective","authors":"Sibora Skenderi","doi":"10.37745/ejaafr.2013/vol10n85677","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n85677","url":null,"abstract":"This research paper aims to serve as an added value to enrich the literature regarding the Central Banks Digital Currency and all its possible implications impacting the financial system. Our focus is on analysing CBDC from different perspectives, by analysing the motivations and concerns that lead countries with different economic conditions to introduce for their public this innovation as well as, to analyse the implications it poses due to significant fields of banking sector at whole, in terms of commercial banks, monetary policy of central bank or all the spikes that may happen in financial stability. The imminent allocation of crypto currencies has been the catalyst which has prompted Central Banks of various countries in Europe and beyond, to launch complex studies focusing on the implementation of macroeconomic policies in the context of digital currency issued by Central Banks. In prima facie overview, this process will be accompanied by various challenges, ascertained these challenges in the economic field but also in the legal one. This research paper, inter alia, aims to analyse the legal regulatory framework at the level of the European Union, taking into account the potential implications, material and procedural difficulties as well as, the economic effects that may derive from the issuance of digital currency issued by Central Banks. Along with analysation of EU legal framework in this research paper shall be analysed also the perspective of the Republic of Albania, as a candidate country for membership in the European Union which has the obligation to harmonize legislation with the aquis communiter.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115086728","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 : 2022-08-15DOI: 10.37745/ejaafr.2013/vol10n91323
Merlin Atchuthen, S. M. Kumar
A country's economy depends heavily on energy. Economic productivity and industrial growth depend on the use of energy in modern economies. In a modern economy, energy is responsible for more than one-tenth of the cost of production but accounts for most industrial growth, according to Barney and Franzi (2002). The economy’s need for energy has grown at about the same rate as that of wealth. It is a fact that wealth creation is predominantly calculated based on the usage of energy by society. At the beginning of the 19th century, biomass is the preferred choice of fuel. Energy demand in the west and advanced economies increased more rapidly because of rising standards during the end of the 20th century. In most production and consumption activities, energy plays a significant role in economic growth. An analysis of the energy sector components and their impacts on economic progress in two countries, the United Kingdom and India, was conducted based on an analytical approach. It is found in both countries that energy efficiency and foreign direct investment (net inflows) are positively correlated. Both the United Kingdom and India have significant correlations between energy efficiency and GDP (percentage of GDP). Employment rates and energy efficiency go hand in hand in both countries. India's GDP per capita growth (annual %) is positively correlated with energy efficiency (0.447). This study followed only the economic indicators from the World Bank Development Indicators report.
{"title":"How The Energy Sector Is Affecting Economic Growth? – Comparing The United Kingdom with India","authors":"Merlin Atchuthen, S. M. Kumar","doi":"10.37745/ejaafr.2013/vol10n91323","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n91323","url":null,"abstract":"A country's economy depends heavily on energy. Economic productivity and industrial growth depend on the use of energy in modern economies. In a modern economy, energy is responsible for more than one-tenth of the cost of production but accounts for most industrial growth, according to Barney and Franzi (2002). The economy’s need for energy has grown at about the same rate as that of wealth. It is a fact that wealth creation is predominantly calculated based on the usage of energy by society. At the beginning of the 19th century, biomass is the preferred choice of fuel. Energy demand in the west and advanced economies increased more rapidly because of rising standards during the end of the 20th century. In most production and consumption activities, energy plays a significant role in economic growth. An analysis of the energy sector components and their impacts on economic progress in two countries, the United Kingdom and India, was conducted based on an analytical approach. It is found in both countries that energy efficiency and foreign direct investment (net inflows) are positively correlated. Both the United Kingdom and India have significant correlations between energy efficiency and GDP (percentage of GDP). Employment rates and energy efficiency go hand in hand in both countries. India's GDP per capita growth (annual %) is positively correlated with energy efficiency (0.447). This study followed only the economic indicators from the World Bank Development Indicators report.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"283 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131954990","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 : 2022-08-15DOI: 10.37745/ejaafr.2013/vol10n9112
J. Apochi, Samuel Eniola Agbi
Social responsibility disclosure has become a widely and persistent debated topic of discussion in the Nigerian academic community given the effects that business activities have on environment, employees, communities, clients, society, business associates and shareholders. The global economic challenges have hindered effective operations by the deposit money banks thereby reducing their operational performance. It is against this backdrop that this study examined the effect of social responsibility disclosure and firm performance in Nigeria. Social responsibility disclosure as the explanatory variables was proxied by environmental disclosure, governance disclosure, human resources disclosure and community disclosure while the response variable is the firm performance. sampling technique was adopted by the reviewed studies. A mixed approach of data was used (primary and secondary sources of data were extracted from both questionnaires and the annual report and accounts from various studies. Theory and hypotheses were adopted and multiple regressions was used to analyze the data. Based on the reviewed studies, it was established that environmental disclosure and human resources disclosure have insignificant effect on the firm performance, while the governance disclosure has a significant effect on firm performance. The community disclosure is positive and insignificant influencing firm performance. It is recommended among others that companies should engage the specialty on environment reporting to reduce the performance on the firms. Also, firms should improve by participating in community services to better disclosure the community activities and maintain the current governance disclosure level because this has been found empirically to increase the firm performance.
{"title":"Does Corporate Social Responsibility Influence Firms Performance in Nigeria?","authors":"J. Apochi, Samuel Eniola Agbi","doi":"10.37745/ejaafr.2013/vol10n9112","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n9112","url":null,"abstract":"Social responsibility disclosure has become a widely and persistent debated topic of discussion in the Nigerian academic community given the effects that business activities have on environment, employees, communities, clients, society, business associates and shareholders. The global economic challenges have hindered effective operations by the deposit money banks thereby reducing their operational performance. It is against this backdrop that this study examined the effect of social responsibility disclosure and firm performance in Nigeria. Social responsibility disclosure as the explanatory variables was proxied by environmental disclosure, governance disclosure, human resources disclosure and community disclosure while the response variable is the firm performance. sampling technique was adopted by the reviewed studies. A mixed approach of data was used (primary and secondary sources of data were extracted from both questionnaires and the annual report and accounts from various studies. Theory and hypotheses were adopted and multiple regressions was used to analyze the data. Based on the reviewed studies, it was established that environmental disclosure and human resources disclosure have insignificant effect on the firm performance, while the governance disclosure has a significant effect on firm performance. The community disclosure is positive and insignificant influencing firm performance. It is recommended among others that companies should engage the specialty on environment reporting to reduce the performance on the firms. Also, firms should improve by participating in community services to better disclosure the community activities and maintain the current governance disclosure level because this has been found empirically to increase the firm performance.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127613300","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 : 2022-08-15DOI: 10.37745/ejaafr.2013/vol10n82738
A. Nyor, L. O. Mustapha, S. A. Ajieh
This paper examined the challenges inherent in international accounting language translation especially as it relates to communicating financial information to people of different cultural and linguistic origin and proffered possible solutions to the challenges. The paper drew attention to the innate danger of misunderstanding in the use of special register as a means of communication in accounting because of the problematic nature of translating Language for Specific Purpose (LSP) and the need to distinguish meanings associated with professional terminologies from meanings associated with everyday language usage. The work is also aimed at creating awareness on the need for a more sensitive approach to translation by accounting researchers particularly in Nigeria which could culminate into more scholarly articles on translation in this part of the world. This is because, if as a result of poor information translation, investors and other critical stakeholders of a particular firm misconstrue elements of foreign language financial statements, misguided investment decisions might be made. The study found that, translation is indispensable due to the fact that; individuals and organizations engage in international trades. Secondly, International Financial Reporting Standards (IFRS) and European Union (EU) declarations are translated into diverse of language cultures. Thirdly, language translation is of fundamental importance in international accounting, however, Nigeria has paid far less attention to translation in this area than other academic disciplines. It recommends that, culture should be instilled in translation so as to be widely accepted. Translators should be aware of the boundaries as well as ensure completeness of translation.
{"title":"Language Translation in International Accounting: Challenges and Way Forward","authors":"A. Nyor, L. O. Mustapha, S. A. Ajieh","doi":"10.37745/ejaafr.2013/vol10n82738","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n82738","url":null,"abstract":"This paper examined the challenges inherent in international accounting language translation especially as it relates to communicating financial information to people of different cultural and linguistic origin and proffered possible solutions to the challenges. The paper drew attention to the innate danger of misunderstanding in the use of special register as a means of communication in accounting because of the problematic nature of translating Language for Specific Purpose (LSP) and the need to distinguish meanings associated with professional terminologies from meanings associated with everyday language usage. The work is also aimed at creating awareness on the need for a more sensitive approach to translation by accounting researchers particularly in Nigeria which could culminate into more scholarly articles on translation in this part of the world. This is because, if as a result of poor information translation, investors and other critical stakeholders of a particular firm misconstrue elements of foreign language financial statements, misguided investment decisions might be made. The study found that, translation is indispensable due to the fact that; individuals and organizations engage in international trades. Secondly, International Financial Reporting Standards (IFRS) and European Union (EU) declarations are translated into diverse of language cultures. Thirdly, language translation is of fundamental importance in international accounting, however, Nigeria has paid far less attention to translation in this area than other academic disciplines. It recommends that, culture should be instilled in translation so as to be widely accepted. Translators should be aware of the boundaries as well as ensure completeness of translation.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127132699","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 : 2022-08-15DOI: 10.37745/ejaafr.2013/vol10n83947
Gubio Zanna Dalatu, Kwasau Ntyak Leah, L. O. Mustapha
Subsidiaries identification has always been a contentious issue in consolidation of financial statements and till date is one of the most challenging issues accounting standard setting bodies such as the International Accounting Standards Board (IASB) have to contend with. The global financial crisis of 2007 and some prominent accounting scandals in recent history e.g., the Enron saga, have remarkably demonstrated the consequences of wrong application of consolidation rules on entities, investors, and other stakeholders. International Accounting Standard (IAS) 3 – Consolidated financial statements and IAS 27 – Consolidated and separate financial statements were respectively issued in 1976 and 1989 by the International Accounting Standards Committee (IASC) to address these controversies. Additionally, In May 2011, the IASB which replaces the IASC in 2001, published International Financial Reporting Standards (IFRS) 10 which came-up with a revised consolidation model replacing the provisions of IAS-27 and SIC-12. However, the consolidation criteria in IFRS 10 were adjudged as difficult to understand, even amongst experts and even more challenging to apply in practice. IFRS-10 is principled-based and is not only broader and more complex than IAS-27 and Standards Interpretation Committee (SIC) 12, but the structure remains questionable. In addition, the provisions of IFRS 10 contained several terms that were undefined and unspecified which are capable of subjective interpretation and application. In-depth understanding of the new provisions of IFRS 10 and its basic concepts are necessary to achieve the objective of the revised standard. Lack of adequate understanding of the new rules and its basic concepts will practically make it impossible to properly apply the new consolidation criteria. The research methodology adopted is therefore to review relevant literatures, practical and professional assertions by contrasting and comparing the provisions of the two standards.
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