• Title/Summary/Keyword: National Accounting

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Analysis of Human Resource Status in Internal Accounting Control Systems in the Distribution and Service Industries

  • RYU, Haeyoung;CHAE, Soo-Joon
    • Journal of Distribution Science
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    • v.18 no.9
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    • pp.5-11
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    • 2020
  • Purpose: We sought to investigate the operation status of internal accounting control systems in the distribution and service industries and verify whether investing in internal accounting personnel significantly influences the quality of the companies' financial reporting. Research design, data and methodology: We identified descriptive statistics and performed a univariate analysis. Furthermore, a regression analysis verified the impact of investing in internal accounting personnel on the absolute value of discretionary accruals, a proxy for financial reporting quality. Results: Distribution and service companies allocated a significantly higher number of accountants to their internal accounting control systems than companies in other industries. We also confirmed that the absolute value of discretionary accruals significantly decreased as the average working experience of internal accounting personnel in distribution and service companies, in months, increased. Conclusions: In this study, we confirmed that distribution and service companies are devoting efforts to establishing internal accounting control systems and found that financial reporting quality is more effectively controlled as companies allocate more experienced personnel in their internal accounting control system.

User Process Resource Usage Measurement for Grid Accounting System

  • Hwang Ho Jeon;Kim Beob Kyun;Doo Gil Su;An Dong Un;Chung Seung Jong
    • Proceedings of the IEEK Conference
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    • 2004.08c
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    • pp.608-611
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    • 2004
  • Grid computing environment can be used to interconnect a wide variety of geographically distributed heterogeneous computing resources based on high-speed network. To make business service, it is necessary for Grid accounting system to measure the computational cost by consuming computer resources. To collect resource consumption data, and to keep track of process without needing to recompile kernel source, we use system call wrapping. By making use of this technique, we modifies system call table and replace existing system call to new system call that can monitor processes running in CPU kernel currently. Therefore we can measure user process resource usage for Grid accounting system.

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Accounting Information Gathering System for Grid Environment

  • Jang Haeng Jin;Doo Gil Su;Lee Jeong Jin;Kim Beob Kyun;Hwang Ho Jeon;An Dong Un;Chung Seung Jong
    • Proceedings of the IEEK Conference
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    • 2004.08c
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    • pp.703-706
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    • 2004
  • Grid computing represents the fundamental computing shift from a localized resource computing model to a fully-distributed virtual organization with shared resources. Accounting is one of the main obstacles to widespread adoption of the grid. Accounting has until recently, been a sparsely-addressed problem, particularly in practice. In this paper, we design and implement the accounting information gathering system. Implemented system is based on OGSA, following GSAX framework of RUS-WG in GGF. And the schema of gathered and serviced accounting information is following Usage Record Fields of UR-WG in GGF. Also, the accounting information integrating and monitoring tool for system management in the grid environment are implemented.

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The Role of Accounting Professionals and Stock Price Delay

  • RYU, Haeyoung;CHAE, Soo-Joon
    • The Journal of Industrial Distribution & Business
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    • v.11 no.12
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    • pp.39-45
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    • 2020
  • Purpose: The stock price delay phenomenon refers to a phenomenon in which stock prices do not immediately reflect corporate information and the reflection is delayed. A prior study reported that the stock price delay phenomenon appears strongly when the quality of corporate information is low (Callen, Khan, & Lu, 2013). The purpose of the internal accounting control system is to improve the reliability of accounting information. Specifically, the more professionals such as certified public accountants are placed in the internal accounting control system, the more information is prevented from being distorted, so the occurrence of stock price delay will decrease. Research design, data and methodology: In this study, companies listed on the securities market from 2012 to 2016 were selected as a sample to analyze whether the stock price delay phenomenon is alleviated as accounting experts are assigned to the internal accounting control system. The internal control personnel data were collected in the "Internal Accounting Control System Operation Report" attached to the business report of each company of the Financial Supervisory Service's Electronic Disclosure System(DART). The measurement method of the stock price delay phenomenon was referred to the study of Hou and Moskowitz (2005). The final sample used in the study is 2,641 firm-years. Results: It was found that companies with certified accountants in the internal accounting control system alleviate the stock price delay phenomenon. This result can be interpreted as increasing the speed at which corporate information is reflected in the stock price by improving the reliability of information disclosed in the market by the placement of experts in the system. Conclusions: The results of this study suggest that accounting professionals assigned to the internal accounting control system are playing a positive role in providing high-quality information to the market. In this study, focusing on the fact that the speed at which corporate information is reflected in the stock price is very important for the stakeholders in the capital market, we find that having a certified public accountant in the internal accounting control system alleviates the stock price delay phenomenon.

Impact of Corporate Social Responsibility Disclosures on Bankruptcy Risk of Vietnamese Firms

  • NGUYEN, Soa La;PHAM, Cuong Duc;NGUYEN, Anh Huu;DINH, Hung The
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.81-90
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    • 2020
  • This study investigates the nexus between the level of Corporate Social Responsibility Disclosures (CSRD) and Risk of Bankruptcy of companies that are listing in the Stock Exchanges of Vietnam. To investigate that relationship, this study collected secondary data from annual audited financial statements from 2014 to 2018 of listing companies. Applying two different regression models with two dependent variables and six independent and control variables, we find out that Vietnamese firms with higher level of CSRD performance can rapidly reduce their risk of bankruptcy. This phenomenon happens in the current year and in the coming years in all firms in the research sample. This result may be that the disclosures of social responsibility information can bring financial and non-financial benefits to the firms. In addition, the results also point out that there is a difference in risk of bankruptcy between the group of companies, which discloses and the one which does not disclose corporate social responsibility on their annual reports. This might be from the effects of various factors such as business size, financial leverage, market to book ratio, return on assets, cash flow from operations, etc. Our research results can be applied to other firms in Vietnam and in other similar jurisdictions.

A Study on Asset Value Evaluation Process to Develop AIS on Social Infrastructure (사회기반 시설 회계정보시스템 구현을 위한 자산가치평가 프로세스 연구)

  • Nam, Hye Jeong;Lee, Young Jae
    • Information Systems Review
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    • v.16 no.3
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    • pp.215-242
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    • 2014
  • This paper investigates accounting principles about social infrastructure on Korean National Accounting Standard and on National Accounting Standards from other countries that adopted a accruals- based national accounting standards. Social infrastructure as assets has important value in financial statements of Korea and deterioration or insufficient management of social infrastructure accompanies a huge social cost. Therefore, understanding the characteristics and related accounting standard for social infrastructure is necessary. To do this, we examine the accounting standards of U.S., New Zealand, and Australia. We also review the financial statement of local government. Based on these findings, this paper suggests that a preventive-asset management approach should be applied and alternative depreciation method for social infrastructures is developed. Moreover, a local government needs to provide important accounting information to the public in a timely and reliably manner.

Environmental Uncertainty, Accounting Conservatism and Investment Efficiency: Evidence from China

  • Hui, Nan;Oh, Won-Sun
    • Asia-Pacific Journal of Business
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    • v.12 no.4
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    • pp.63-86
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    • 2021
  • Purpose - The purpose of this study is to explore the impact of the application of accounting conservatism on the investment efficiency of listed companies in China under the background of the current rising environmental uncertainty. Design/methodology/approach - This study collected 14,934 observations of A-share listed companies in Shanghai and Shenzhen from 2013 to 2020, and analyzed the data by means of moderating effect test and multiple regression analysis. Findings - The results show that environmental uncertainty deteriorates the company's investment efficiency. The higher the level of environmental uncertainty, the more prone to over-investment and under-investment. Accounting conservatism plays moderating role between environmental uncertainty and investment efficiency. Among them, the moderating effect of conditional conservatism is to alleviate under-investment of the company under high financing constraints and the over-investment, while it intensifies the under-investment under low financing constraints. The moderating effect of unconditional conservatism is to alleviate the under-investment. Research implications or Originality - This study finds out the internal mechanism of accounting conservatism affecting investment efficiency, which not only helps to understand about the value of accounting conservatism standards, but also helps to improve the investment efficiency of listed companies.

A study on the species composition according to the size of the entrance and mesh of the pot in the southern coastal waters (남해안 연안 해역 그물통발의 망목과 입구크기에 따른 종조성에 관한 연구)

  • Young-Su AN;Kwon YU;Youn-Hyoung CHO;Myungsung KOO;Jong-Kap AHN
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.60 no.3
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    • pp.217-227
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    • 2024
  • To analyse and review the fishing performance and species composition according to the size of the entrance and mesh of the pot in the southern coastal waters (Tongyeong, Gyeongsangnam-do and Yeosu, Jeollanam-do), the experiment in this study caught one class, eight orders, 17 families, 23 species, 662 fishes, and 99,833 g. The largest number of fish species was Conger myriaster (301 fishes caught) accounting for 45.5%, followed by Octopus vulgaris (152) accounting for 23.0%, Charybdis japonica (45) accounting for 6.8%, Sebastiscus marmoratus (43) accounting for 6.5%, and Parapercis sexfasciata (42) accounting for 6.3%. Conger myriaster, Octopus vulgaris, Charybdis japonica, Sebastiscus marmoratus, and Parapercis sexfasciata accounted for 88.1% of the total catch. For other fish species, 68 fishes of 18 species were caught, accounting for 12.5% of the total. As a result of the total catch survey, the catch rate of Conger myriaster was the highest at 50.9% in B. 22 mm/280 mm. In addition, the average total length per fish increased as the entrance size increased. The weight ratios of Conger myriaster, Octopus vulgaris, and other fish species based on the total weight caught in each pots of the six species of test fishing gear are as follows. A pots 66.6%, 26.5%, 6.9%, B pots 57.2%, 24.5 %, 18.3%, C pots 43.2%, 31.5%, 25.3%, D pots 7.4%, 56.7%, 35.9%, E pots 43.6%, 0%, 56.4%, and F pots 5.0%, 79.6%, 15.4%.

A Study on Improvement of Accounting Curriculum in Big Data Age (빅데이터시대의 회계교육과정 개선방안 연구)

  • Jeong, Eun-Han;Kim, Kyung-Ihl
    • Journal of Convergence for Information Technology
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    • v.8 no.5
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    • pp.145-152
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    • 2018
  • The paper aims to present the direction in which accounting education should proceed to enhance the expertise of accounting works in the new era in which big data is the center. This paper examines the definition and analysis of big data, and reviews the effectiveness through big data development in accounting expertise with specific references. Also, this paper presents some of the plans selected by professional accounting bodies and universities to address the topic of big data in the accounting curriculum. According to the plan, big data could provide a blueprint for the future role of accounting and financial experts. Therefore, what this study suggests is to improve educational content by adding big data topics to current accounting curricula in order to help accounting professionals of future generations prepare for technologies related to big data analysis in advance.

An Area of Accounting Related to the Management Planning (경영계획(經營計劃)에 관련(關聯)되는 회계(會計)의 영역(領域))

  • Park, Dae-Kyu
    • Korean Business Review
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    • v.4
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    • pp.25-50
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    • 1991
  • A management planning is an index to accomplish the goal of business enterprise and a managing guide of the top manager. It is a top manager's authority with he gives directions at the beginning of the budget year and has something to do with a responsible accounting. If we correlate this management planning with an area of accounting, we can subdivide it into followings; production and marketing schedule, demand-supply program of raw material, demand-supply program of the personnel and lobor cost program, facility investment program, balance fund program, profit and loss, and financial position program. I think, in the field of accounting for the sake of the management planning, there are motivation accounting, responsible accounting, divisional system accounting, evaluating accounting and so on. A management planning should be accomplishe and as it is accomplished, a business is going to be grown up and developed. Especially, it must be set up on the ground of the long-term strategies. When the accomplishment through the management planning, which is a social responibility that all the business enterprise are seeking after, is attained, it makes the development of business possible and we cannot dent that it is closely connected with the national economic development.

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