The study examined the effect of internally generated revenue on budget implementation in Ekiti State. Specifically the study analyzed trends of components of internally generated revenue in Ekiti state including taxes, fines & fees, licenses, earnings and sales, interest and dividend, evaluated the relative impact of internally generated revenue components on budget implementation, and also analyzed the causal relationship between internally generated revenue components and budget implementation in Ekiti state. The study made use of time series secondary data sourced from the annual budget of Ekiti state for a period of ten years spanning form 2007 to 2016. Data collated were analyzed with trend analysis, descriptive analyzes, correlation analysis, ordinary least square regression analysis and granger causality analysis. Result revealed that components of internally generated revenue in Ekiti State has increased considerably over the last ten years, relative impact of taxes on expenditure implementation stood at 4.754741(p=0.6232 > 0.05), relative impact of fines and fees on expenditure implementation stood at 0.354370 (P=0.9624 > 0.05), relative impact of licenses on expenditure implementation stood at 1.312830 (p=0.8427 > 0.05), relative impact of earnings and sales on expenditure implementation stood at 0.166495 (p=0.9877 > 0.05), relative impact of interest and dividend on expenditure implementation stood at 2.478020(p=0.7849 > 0.05), and that there is no causal relationship between components of internally generated revenue and expenditure implementation in Ekiti state. It was concluded that though internally generated revenue components identified in the study trended predominantly upwards over the last ten years, their relative impact on the level of budget implementation is not significant. More so the study established that there is no causal relationship between components of internally generated revenue and budget implementation. The study therefore recommended that Ekiti State Government should device a new framework for boosting the level of internally generated revenue in the state, in such a way that potentials and resources lying unused in the state will be harmonize to foster effective and efficient budget implementation. Government in the state should devise an Information Technology driven revenue mobilization mechanisms to ensure that revenue generated from all sources such as taxes, fines & fees, licenses, earnings & sales, interest and dividend are monitored and properly accounted for, also there is need for reduction of external borrowing that can culminate into excessive deduction in the statutory allocation, which could dampen the capacity of sustaining efficient level of budget implementation in the state.
{"title":"Effect of Internally Generated Revenue on Budget Implementation in Ekiti State","authors":"Olaoye Clement Olatunji, Olugbamiye Olorunleke Dominic","doi":"10.11114/AFA.V5I2.4253","DOIUrl":"https://doi.org/10.11114/AFA.V5I2.4253","url":null,"abstract":"The study examined the effect of internally generated revenue on budget implementation in Ekiti State. Specifically the study analyzed trends of components of internally generated revenue in Ekiti state including taxes, fines & fees, licenses, earnings and sales, interest and dividend, evaluated the relative impact of internally generated revenue components on budget implementation, and also analyzed the causal relationship between internally generated revenue components and budget implementation in Ekiti state. The study made use of time series secondary data sourced from the annual budget of Ekiti state for a period of ten years spanning form 2007 to 2016. Data collated were analyzed with trend analysis, descriptive analyzes, correlation analysis, ordinary least square regression analysis and granger causality analysis. Result revealed that components of internally generated revenue in Ekiti State has increased considerably over the last ten years, relative impact of taxes on expenditure implementation stood at 4.754741(p=0.6232 > 0.05), relative impact of fines and fees on expenditure implementation stood at 0.354370 (P=0.9624 > 0.05), relative impact of licenses on expenditure implementation stood at 1.312830 (p=0.8427 > 0.05), relative impact of earnings and sales on expenditure implementation stood at 0.166495 (p=0.9877 > 0.05), relative impact of interest and dividend on expenditure implementation stood at 2.478020(p=0.7849 > 0.05), and that there is no causal relationship between components of internally generated revenue and expenditure implementation in Ekiti state. It was concluded that though internally generated revenue components identified in the study trended predominantly upwards over the last ten years, their relative impact on the level of budget implementation is not significant. More so the study established that there is no causal relationship between components of internally generated revenue and budget implementation. The study therefore recommended that Ekiti State Government should device a new framework for boosting the level of internally generated revenue in the state, in such a way that potentials and resources lying unused in the state will be harmonize to foster effective and efficient budget implementation. Government in the state should devise an Information Technology driven revenue mobilization mechanisms to ensure that revenue generated from all sources such as taxes, fines & fees, licenses, earnings & sales, interest and dividend are monitored and properly accounted for, also there is need for reduction of external borrowing that can culminate into excessive deduction in the statutory allocation, which could dampen the capacity of sustaining efficient level of budget implementation in the state.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45829112","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}
Financial institutions need to provide technology-based services that facilitate access to information for communities in remote areas. This research aims first, reviewing the use of mobile banking in improving the quality of reporting and expanding the reach of financial services; second, the practice of utilizing mobile banking for Islamic microfinance institutions in Indonesia; third, evaluating the implementation of the Islamic microfinance information system in Indonesia. The research method used in this study is descriptive quantitative, with a sample of 100 accountants. Descriptive analysis was aided by SPSS 21.0 software for Windows. The results of this study indicate that; first, Mobile banking is the right mechanism to improve the quality of reporting and make the services of Islamic microfinance institutions accessible to the poor in remote areas of Indonesia. Second, the practice of utilizing accounting information systems in Islamic microfinance institutions is already good. Third, Overall, the application of accounting information systems at Islamic microfinance institutions in Indonesia can have a positive effect on improving the services of Islamic microfinance institutions both individually accountants and organizations.
{"title":"Analysis of Accounting Information System Using Hot Fit Model Method in Indonesia Islamic Micro Financial Institutions","authors":"Chaidir Iswanaji","doi":"10.11114/AFA.V5I2.4172","DOIUrl":"https://doi.org/10.11114/AFA.V5I2.4172","url":null,"abstract":"Financial institutions need to provide technology-based services that facilitate access to information for communities in remote areas. This research aims first, reviewing the use of mobile banking in improving the quality of reporting and expanding the reach of financial services; second, the practice of utilizing mobile banking for Islamic microfinance institutions in Indonesia; third, evaluating the implementation of the Islamic microfinance information system in Indonesia. The research method used in this study is descriptive quantitative, with a sample of 100 accountants. Descriptive analysis was aided by SPSS 21.0 software for Windows. The results of this study indicate that; first, Mobile banking is the right mechanism to improve the quality of reporting and make the services of Islamic microfinance institutions accessible to the poor in remote areas of Indonesia. Second, the practice of utilizing accounting information systems in Islamic microfinance institutions is already good. Third, Overall, the application of accounting information systems at Islamic microfinance institutions in Indonesia can have a positive effect on improving the services of Islamic microfinance institutions both individually accountants and organizations.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44659284","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}
Reviewer AcknowledgementsApplied Finance and Accounting [AFA] would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AFA publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 5, Number 1 Anastasia Kopaneli, University of Patras, GreeceNoriaki Okamoto, Rikkyo University, JapanVineet Chouhan, Sir Padampat Singhania University, IndiaYu Peng Lin, University of Detroit Mercy, USAMarco Muscettola, Independent researcher, ItalyZi-Yi Guo, Wells Fargo Bank, N.A., USALektore Oltiana Muharremi, University of Vlora, AlbaniaJayendra S. Gokhale, Embry-Riddle Aeronautical University, USAMohamed Jalloh, Economic Community of West African States (ECOWAS), NigeriaRui Fernandes, Porto Accounting and Business School, PortugalNikolay Patonov, European Polytechnical University, BulgariaMojeed Idowu John Odumeso-Jimoh, Noble Integrated Resources & Management, NigeriaFlorin Peci, University of Peja, KosovoGheorghe Morosan, Stefan Cel Mare University Suceava Romania, RomaniaNicoleta Radneantu, Romanian – American University, RomanianAugustine Akhidime, Benson Idahosa University, NigeriaHajar Jahangard , Central Bank of Iran(CBI), IranHassan Rkein , Al Maaref University , LebanonAndrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, IsraelIoan Bogdan Robu, Alexandru Ioan Cuza University of Iasi, RomaniaLingesiya Kengatharan, University of Jaffna, Sri LankaMohammad Sami Ali Al-Dahrawi, Zarqa University, Jordan Angelia EvelynEditorial AssistantOn behalf of,The Editorial Board of Applied Finance and AccountingRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAE-mail: afa@redfame.comURL: http://afa.redfame.com
审稿人致谢Applied Finance and Accounting[AFA]感谢以下审稿人协助本期稿件的同行评审。许多作者，无论AFA是否出版他们的作品，都很欣赏审稿人提供的有益反馈。他们的意见和建议对作者提高论文质量有很大帮助。下面列出的每个评审员都至少返回了一篇关于此问题的评审。第5卷，第1期Anastasia Kopaneli，Patras大学，GreeceNoriaki Okamoto，Rikkyo大学，JapanVineet Chouhan，Padampat Singhania大学，IndiaYu Peng Lin，底特律慈善大学，USAMarco Mussettola，独立研究员，Italy Zi Yi Guo，富国银行，N.A.，USALektore Oltiana Muharremi，Vlora大学，AlbaniaJayendra S.Gokhale，Embry Riddle航空大学，美国Mohamed Jalloh，西非国家经济共同体（西非经共体），尼日利亚Rui Fernandes，波尔图会计与商学院，Portugal Nikolay Patonov，欧洲理工大学，Bulgaria Mojeed Idowu John Odumeso Jimoh，Noble综合资源与管理，尼日利亚Florin Peci，Peja大学，KosovoGheorghe Morosan，罗马尼亚苏切瓦Stefan Cel Mare大学、罗马尼亚Nicoleta Radneantu、罗马尼亚-美国大学、罗马尼亚Augustine Akhidime、Benson Idahosa大学、尼日利亚Hajar Jahangard、伊朗中央银行（CBI）、Iran Hassan Rkein、Al Maaref大学、LebanoAndrey Kudryavtsev、Max Stern Yezreel Valley学术学院、以色列Bogdan Robu、Alexandru Ioan Cuza Iasi大学，RomaniaLingesiya Kengataran，贾夫纳大学，斯里兰卡Mohammad Sami Ali Al Dahrawi，扎尔卡大学，约旦Angelia Evelyn编辑助理代表应用金融与会计编辑委员会Redfame Publishing9450 SW Gemini博士#99416Beaverton，OR 97008，美国电子邮件：afa@redfame.comURL：http://afa.redfame.com
{"title":"Reviewer Acknowledgements","authors":"Angelia Evelyn","doi":"10.11114/afa.v5i1.4093","DOIUrl":"https://doi.org/10.11114/afa.v5i1.4093","url":null,"abstract":"Reviewer AcknowledgementsApplied Finance and Accounting [AFA] would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AFA publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 5, Number 1 Anastasia Kopaneli, University of Patras, GreeceNoriaki Okamoto, Rikkyo University, JapanVineet Chouhan, Sir Padampat Singhania University, IndiaYu Peng Lin, University of Detroit Mercy, USAMarco Muscettola, Independent researcher, ItalyZi-Yi Guo, Wells Fargo Bank, N.A., USALektore Oltiana Muharremi, University of Vlora, AlbaniaJayendra S. Gokhale, Embry-Riddle Aeronautical University, USAMohamed Jalloh, Economic Community of West African States (ECOWAS), NigeriaRui Fernandes, Porto Accounting and Business School, PortugalNikolay Patonov, European Polytechnical University, BulgariaMojeed Idowu John Odumeso-Jimoh, Noble Integrated Resources & Management, NigeriaFlorin Peci, University of Peja, KosovoGheorghe Morosan, Stefan Cel Mare University Suceava Romania, RomaniaNicoleta Radneantu, Romanian – American University, RomanianAugustine Akhidime, Benson Idahosa University, NigeriaHajar Jahangard , Central Bank of Iran(CBI), IranHassan Rkein , Al Maaref University , LebanonAndrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, IsraelIoan Bogdan Robu, Alexandru Ioan Cuza University of Iasi, RomaniaLingesiya Kengatharan, University of Jaffna, Sri LankaMohammad Sami Ali Al-Dahrawi, Zarqa University, Jordan Angelia EvelynEditorial AssistantOn behalf of,The Editorial Board of Applied Finance and AccountingRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAE-mail: afa@redfame.comURL: http://afa.redfame.com","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49106105","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}
C. Omodero, Azubike Joseph Uche Belonwu, A. Ogbonnaya
Water resources accounting is presently a universal challenge due to the high rate of water contamination and other discharges that put nations at risk of water scarcity if precautionary measures are not taken on time. All needed government interventions to reduce the risk of water scarcity is dependent on the extent of water resource accountability available in the country. This paper examines the contribution of water resources accounting to Nigeria’s economic advancement. The data employed span from 1981-2017 and have been collected from the CBN Statistical Bulletin, 2017 edition. Ordinary Least Squares technique is used to analyze the date and the result indicates that water resources accounted for, have strong and significant positive impact on the RGDP. The findings also reveal that water resources are estimated to contribute a total of 72.6% variation in the RGDP between the periods from 1981 to 2017 in Nigeria. Therefore, the study recommends sufficient training and empowerment for all agencies responsible for data gathering of water resources. This will enhance quality water resources’ accountability. Policy makers should encourage all forms of water resources accountability and management to sustain the economy by liaising with international bodies and getting updates on global best practices in this area.
{"title":"Water Resources Accounting and Nigeria’s Economic Advancement","authors":"C. Omodero, Azubike Joseph Uche Belonwu, A. Ogbonnaya","doi":"10.11114/AFA.V5I1.4084","DOIUrl":"https://doi.org/10.11114/AFA.V5I1.4084","url":null,"abstract":"Water resources accounting is presently a universal challenge due to the high rate of water contamination and other discharges that put nations at risk of water scarcity if precautionary measures are not taken on time. All needed government interventions to reduce the risk of water scarcity is dependent on the extent of water resource accountability available in the country. This paper examines the contribution of water resources accounting to Nigeria’s economic advancement. The data employed span from 1981-2017 and have been collected from the CBN Statistical Bulletin, 2017 edition. Ordinary Least Squares technique is used to analyze the date and the result indicates that water resources accounted for, have strong and significant positive impact on the RGDP. The findings also reveal that water resources are estimated to contribute a total of 72.6% variation in the RGDP between the periods from 1981 to 2017 in Nigeria. Therefore, the study recommends sufficient training and empowerment for all agencies responsible for data gathering of water resources. This will enhance quality water resources’ accountability. Policy makers should encourage all forms of water resources accountability and management to sustain the economy by liaising with international bodies and getting updates on global best practices in this area.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47590741","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}
The activities of the enterprises always involve some uncertainty, therefore there is always a risk that objectives may not be achieved. So, theoretical and practical aspects of business risks are always relevant. The goal of the research is to select the general indicator of the financial risk between the leverage coefficients of the enterprises and to create its’ factorial model. The subject of research is the system of financial leverage ratios of the enterprise. Financial information on Georgian wine companies is used for the practical provision for research. As a result of the research has been created a new factor model of the general indicator of financial leverage. It is possible to measure five-factor indicators making an impact on the level of financial leverage. Its regular analysis will help enterprise management to fully control and manage the financial risks of the enterprise, to implement adequate measures on the basis of which the financial stability of the enterprise would not be jeopardized, which is also in the public interest.
{"title":"Factoral Analysis of the Financial Leverage of the Enterprise","authors":"Izolda Chiladze","doi":"10.11114/AFA.V5I1.4063","DOIUrl":"https://doi.org/10.11114/AFA.V5I1.4063","url":null,"abstract":"The activities of the enterprises always involve some uncertainty, therefore there is always a risk that objectives may not be achieved. So, theoretical and practical aspects of business risks are always relevant. The goal of the research is to select the general indicator of the financial risk between the leverage coefficients of the enterprises and to create its’ factorial model. The subject of research is the system of financial leverage ratios of the enterprise. Financial information on Georgian wine companies is used for the practical provision for research. As a result of the research has been created a new factor model of the general indicator of financial leverage. It is possible to measure five-factor indicators making an impact on the level of financial leverage. Its regular analysis will help enterprise management to fully control and manage the financial risks of the enterprise, to implement adequate measures on the basis of which the financial stability of the enterprise would not be jeopardized, which is also in the public interest.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48591132","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}
This study was aimed to empirically evaluate the impact of adoption of IFRS on accounting quality in Nigeria using the money deposit banks. The study utilized the annual reports and accounts of 15 banks listed in the Nigerian Stock Exchange for the period of 2011 to 2014 (that is two years before and two years after adoption); using liner regression analysis was employed in analyzing the data generated for the study. Based on the data analyses, the study found that large loss recognitions have increased in the post adoption period. Based on the research findings, the researcher recommends that developing nations should adopt IFRS as their financial reporting standard as it is capable of increasing their accounting quality. The researcher also recommends that research should be conducted to analyze why IFRS improves the accounting quality based on standard by standard, not the whole package.
{"title":"The Impact of International Financial Reporting Stanadard (IFRS) Adoption on Accounting Quality in Nigerian Listed Money Deposit Banks","authors":"Rabi’u Saminu Jibril","doi":"10.11114/AFA.V5I1.4064","DOIUrl":"https://doi.org/10.11114/AFA.V5I1.4064","url":null,"abstract":"This study was aimed to empirically evaluate the impact of adoption of IFRS on accounting quality in Nigeria using the money deposit banks. The study utilized the annual reports and accounts of 15 banks listed in the Nigerian Stock Exchange for the period of 2011 to 2014 (that is two years before and two years after adoption); using liner regression analysis was employed in analyzing the data generated for the study. Based on the data analyses, the study found that large loss recognitions have increased in the post adoption period. Based on the research findings, the researcher recommends that developing nations should adopt IFRS as their financial reporting standard as it is capable of increasing their accounting quality. The researcher also recommends that research should be conducted to analyze why IFRS improves the accounting quality based on standard by standard, not the whole package.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49293061","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}
The article investigates the benefits of incorporating corporate real estate management (CREM) in the main business units of the company. Prior studies have illustrated that CREM unit in major companies is treated as a separately entity with less focus on its contribution to maximization of shareholders’ wealth. This article uses real option approach, specifically Samuelson-McKean (1965) model to extrapolate the value of CREM of listed South African insurance company. The results show that when CREM is insourced and treated as a significant part of the main insurance, shareholders’ wealth is maximised-value of the company increases, total costs are managed and financial parameters increase investment value-volatility can be as high as 100%. Although, the data is on financial services, the results can be replicated in other industries given that the analysed company has exposure to a number of industries.
{"title":"The Impact of Aligning the Strategies of CREM with Those of a Corporate Business Using Real Options","authors":"Singita Makaringi, K. Mokoka, Jake Schmidt","doi":"10.11114/AFA.V5I1.3684","DOIUrl":"https://doi.org/10.11114/AFA.V5I1.3684","url":null,"abstract":"The article investigates the benefits of incorporating corporate real estate management (CREM) in the main business units of the company. Prior studies have illustrated that CREM unit in major companies is treated as a separately entity with less focus on its contribution to maximization of shareholders’ wealth. This article uses real option approach, specifically Samuelson-McKean (1965) model to extrapolate the value of CREM of listed South African insurance company. The results show that when CREM is insourced and treated as a significant part of the main insurance, shareholders’ wealth is maximised-value of the company increases, total costs are managed and financial parameters increase investment value-volatility can be as high as 100%. Although, the data is on financial services, the results can be replicated in other industries given that the analysed company has exposure to a number of industries.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46441107","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}
This paper examines issues related to executive compensation in the nonprofit sector for the period since the last recession, 2010-2017. We explain why nonprofit executive compensation matters in terms of charitable giving in the United States. We discuss what is meant by the terms “nonprofit” and “tax-exempt”; the requirements that an entity must meet in order to achieve each respective designation; and why the two terms are not interchangeable. We examine different types of tax-exempt entities and how tax-exempt status aids organizations in raising funds from the donating public. We focus on the requirements for obtaining, and maintaining that status as a regulatory tool. We review the significant expenses for a tax-exempt non-profit and note how commercial entities face similar expenses. We illustrate how the particular expense of executive compensation is inherently different for a tax-exempt non-profit than for profit-making enterprises. We explain the factors that determine executive salaries in the former and the components of this compensation. We review the federal and state regulations governing tax-exempt nonprofit executive salaries and guidelines offered by non-governmental entities. We note that research (Balsam and Harris 2014) indicates a negative correlation between the level of disclosed executive compensation and the percentage of donations that a tax-exempt nonprofit receives. We discuss and analyze the compensation for chief executives at certain such nonprofits which have been highlighted by the mainstream media, the source of nonprofit information most easily accessible to the vast majority of donors to such entities. We conclude by highlighting why donors should have a voice in the determination of a tax exempt’s nonprofit executive compensation.
{"title":"An Examination of Issues Surrounding Nonprofit Executive Salaries: 2010-2017","authors":"A. Seyam, Suvro K. Banerjee","doi":"10.11114/afa.v4i2.2941","DOIUrl":"https://doi.org/10.11114/afa.v4i2.2941","url":null,"abstract":"This paper examines issues related to executive compensation in the nonprofit sector for the period since the last recession, 2010-2017. We explain why nonprofit executive compensation matters in terms of charitable giving in the United States. We discuss what is meant by the terms “nonprofit” and “tax-exempt”; the requirements that an entity must meet in order to achieve each respective designation; and why the two terms are not interchangeable. We examine different types of tax-exempt entities and how tax-exempt status aids organizations in raising funds from the donating public. We focus on the requirements for obtaining, and maintaining that status as a regulatory tool. We review the significant expenses for a tax-exempt non-profit and note how commercial entities face similar expenses. We illustrate how the particular expense of executive compensation is inherently different for a tax-exempt non-profit than for profit-making enterprises. We explain the factors that determine executive salaries in the former and the components of this compensation. We review the federal and state regulations governing tax-exempt nonprofit executive salaries and guidelines offered by non-governmental entities. We note that research (Balsam and Harris 2014) indicates a negative correlation between the level of disclosed executive compensation and the percentage of donations that a tax-exempt nonprofit receives. We discuss and analyze the compensation for chief executives at certain such nonprofits which have been highlighted by the mainstream media, the source of nonprofit information most easily accessible to the vast majority of donors to such entities. We conclude by highlighting why donors should have a voice in the determination of a tax exempt’s nonprofit executive compensation.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44768283","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}
Applied Finance and Accounting [AFA] would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AFA publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 4, Number 2Amira Houaneb, University Ibn Khaldoun, TunisiaAnastasia Kopaneli, University of Patras, GreeceAndrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, IsraelAugustine Akhidime, Benson Idahosa University, NigeriaDesti Kannaiah, James Cook University, SingaporeFabio Rizzato, University of Turin, ItalyGheorghe Morosan, Stefan Cel Mare University Suceava Romania, RomaniaIoan Bogdan Robu, Alexandru Ioan Cuza University of Iasi, RomaniaJayendra S. Gokhale, Embry-Riddle Aeronautical University, USALingesiya Kengatharan, University of Jaffna, Sri LankaMarco Muscettola, Independent researcher, ItalyMohammad Sami Ali Al-Dahrawi, Zarqa University, JordanMojeed Idowu John Odumeso-Jimoh, Noble Integrated Resources & Management, NigeriaNikolay Patonov, European Polytechnical University, BulgariaPeibiao Zhao, Nanjing University of Science and Technology, ChinaRui Fernandes, Porto Accounting and Business School, PortugalSawsan Saadi Halbouni, Canadian University Dubai, UAEVolodymyr Vysochansky, Uzhhorod National University, UkraineAngelia EvelynEditorial AssistantOn behalf of,The Editorial Board of Applied Finance and AccountingRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAE-mail: afa@redfame.comURL: http://afa.redfame.com
应用金融与会计[AFA]感谢以下审稿人对本期稿件的同行评审。许多作者，无论AFA是否出版他们的作品，都很欣赏审稿人提供的有益反馈。他们的意见和建议对作者提高论文质量有很大帮助。下面列出的每个评审员都至少返回了一篇关于此问题的评审。第4卷，编号2Amira Houaneb，伊本·哈尔顿大学，突尼斯阿纳斯塔西亚·科帕内利，帕特拉斯大学，GreeceAndrey Kudryavtsev，Max Stern Yezreel Valley学术学院，以色列Augustine Akhidime，Benson Idahosa大学，尼日利亚Desti Kannaiah，James Cook大学，新加坡Fabio Rizzato，都灵大学，意大利Gheorghe Morosan，罗马尼亚苏切瓦Stefan Cel Mare大学、罗马尼亚Bogdan Robu、亚西Alexandru Ioan Cuza大学、罗马尼亚Jayendra S.Gokhale、Embry Riddle航空大学、美国Lingesiya Kengataran、贾夫纳大学、斯里兰卡Marco Mussettola、独立研究员、意大利Zarqa大学Mohammad Sami Ali Al Dahrawi、JordanMojeed Idowu John Odumeso Jimoh，Noble综合资源与管理，尼日利亚Nikolay Patonov，欧洲理工大学，Bulgaria Peibiao赵，南京科技大学，中国Rui Fernandes，波尔图会计与商学院，Portugal Sawsan Saadi Halbouni，加拿大迪拜大学，UAEVolodymyr Vysochansky，Uzhhorod国立大学，乌克兰Angelia Evelyn编辑助理代表，应用金融与会计编辑委员会Redfame Publishing9450 SW Gemini Dr.#99416Beaverton，OR 97008，美国电子邮件：afa@redfame.comURL：http://afa.redfame.com
{"title":"Reviewer Acknowledgements","authors":"Angelia Evelyn","doi":"10.11114/afa.v4i2.3524","DOIUrl":"https://doi.org/10.11114/afa.v4i2.3524","url":null,"abstract":"Applied Finance and Accounting [AFA] would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AFA publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 4, Number 2Amira Houaneb, University Ibn Khaldoun, TunisiaAnastasia Kopaneli, University of Patras, GreeceAndrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, IsraelAugustine Akhidime, Benson Idahosa University, NigeriaDesti Kannaiah, James Cook University, SingaporeFabio Rizzato, University of Turin, ItalyGheorghe Morosan, Stefan Cel Mare University Suceava Romania, RomaniaIoan Bogdan Robu, Alexandru Ioan Cuza University of Iasi, RomaniaJayendra S. Gokhale, Embry-Riddle Aeronautical University, USALingesiya Kengatharan, University of Jaffna, Sri LankaMarco Muscettola, Independent researcher, ItalyMohammad Sami Ali Al-Dahrawi, Zarqa University, JordanMojeed Idowu John Odumeso-Jimoh, Noble Integrated Resources & Management, NigeriaNikolay Patonov, European Polytechnical University, BulgariaPeibiao Zhao, Nanjing University of Science and Technology, ChinaRui Fernandes, Porto Accounting and Business School, PortugalSawsan Saadi Halbouni, Canadian University Dubai, UAEVolodymyr Vysochansky, Uzhhorod National University, UkraineAngelia EvelynEditorial AssistantOn behalf of,The Editorial Board of Applied Finance and AccountingRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAE-mail: afa@redfame.comURL: http://afa.redfame.com","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48277577","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}
This case is about a fictitious office workstation manufacturing company “Skylar Inc.” and their implementation of the traditional cost system and the activity-based cost system (ABC, hereafter) when allocating product costs. The case focuses on the application of activity-based costing in assigning costs to activity cost pools, calculating activity rates, and assigning activity costs to cost objects. It also highlights the difference between the traditional cost system and ABC in regards to allocating manufacturing and non-manufacturing overhead costs and assigning direct costs to products. This case is designed to provide students with both number crunching exercises and theoretical discussions of the topics.
{"title":"Skylar, Inc.: Traditional Cost System vs. Activity-Based Cost System – A Managerial Accounting Case Study","authors":"Qianyun Huang","doi":"10.11114/AFA.V4I2.3496","DOIUrl":"https://doi.org/10.11114/AFA.V4I2.3496","url":null,"abstract":"This case is about a fictitious office workstation manufacturing company “Skylar Inc.” and their implementation of the traditional cost system and the activity-based cost system (ABC, hereafter) when allocating product costs. The case focuses on the application of activity-based costing in assigning costs to activity cost pools, calculating activity rates, and assigning activity costs to cost objects. It also highlights the difference between the traditional cost system and ABC in regards to allocating manufacturing and non-manufacturing overhead costs and assigning direct costs to products. This case is designed to provide students with both number crunching exercises and theoretical discussions of the topics.","PeriodicalId":91655,"journal":{"name":"Applied finance and accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41338355","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：