Categories
Accounting Policy
  • AsianFA: Off-Balance Sheet Securitization, Bank Lending, and Corporate Innovation

    Source: Yiwei Dou, Zhaoxia Xu
    Date Submitted: 31 May 2018
    Views: 0
    Downloads: 0
    We investigate how corporate innovation is influenced by banks' off-balance sheet securitization. Exploiting a recent mandate that removes the off-balance sheet status of some securitized assets, we find a reduction in innovation for firms  borrowing from affected banks. The reduction is concentrated among firms whose banks experience more downward pressure on regulatory capital ratios and greater market discipline, and firms more dependent on external financing. Affected banks raised loan spreads and cut loan amounts after the mandate. The results suggest that off-balance sheet treatment of securitization has a real effect on firm innovation through bank lending.
  • Better disclosure-how to judge material items on IFRS Financial Statements?

    Source: Chie Mitsui
    Date Submitted: 11 May 2018
    Views: 572
    Downloads: 15
    We have seen cases where information necessary for analysis are not disclosed in the breakdown of operating expenses, and a big number is disclosed, without its breakdown table in the footnote, as accounting item named "other“, in the IFRS financial statements.
    There is a disclosure option in expenses disclosure in IFRS, and companies think that they can choose one. By Function and By Nature, or their mixed, disclosed as one detailed table from the sum of SGA. In this case, it becomes difficult to understand detailed table, and "the other" becomes big number. We sent an opinion that threshold should be introducedto make disclosure more granular, and specific accounting items should be addedon IAS 1, to IASB before. 
    But this time, we discussed at the same time, some investors believe that most important disclosure should be focused on what is material for company, not threshold, not certain items.
  • 会计基础设施助推“一带一路”

    Source: ACCA:钱毓益,
    Date Submitted: 27 Dec 2017
    Views: 276
    Downloads: 6
    2013 年,习近平主席在出访中亚和东南亚国家期间先后提出“ 丝绸之路经济带” 和“21 世纪海上丝绸之路” 的重大倡议,得到海内外广泛关注和积极响应。该倡议不仅为中国与沿线国家优势互补、互利共赢开辟了广阔的空间,也为中国外向型经济跨越式发展和深度参与全球经济治理提供了历史机遇。经过近四年的发展,“ 一带一路” 建设在政策沟通、设施联通、贸易畅通、资金融通、民心相通等方面都取得了丰硕成果。作为国际通用的商业语言,会计在“ 一带一路” 的发展过程中如何发挥基础设施的作用?基于此目的,由上海国家会计学院、ACCA 和德勤中国的专家组成“ 一带一路” 与会计基础设施课题组,研究会计基础设施如何助推“ 一带一路” 的国家战略。
     
    基础设施是指为社会生产和居民生活提供公共服务的物质工程设施,是用于保证国家或地区社会经济活动正常进行的公共服务系统。它是社会赖以生存发展的一般物质条件。基础设施包括交通、邮电、供水供电、商业服务、科研与技术服务、园林绿化、环境保护、文化教育、卫生事业等市政公用工程设施和公共生活服务设施等。它们是
    国民经济各项事业发展的基础。我们认为会计基础设施是指国际经济交往中,会计应充分发挥国际通用商业语言的作用,在金融合作、境外投融资、经贸往来等方面成为规划、决策、控制和评价的依据。政府可以根据会计报表的汇总信息进行有效的宏观调控,决定资源和利益的分配,使国家的经济健康、有序的发展。投资者可以了解国家和
    企业的财务状况,确定能否取得相应的投资回报。在现代社会中,经济越发展,对会计基础设施的要求越高;完善的会计基础设施对加速社会经济活动,促进国家间的经贸往来起着巨大的推动作用。
     
    会计基础设施是一个宏大的话题,“ 一带一路” 沿线国家的会计发展状况差异又很大,所以会计基础设施的概念和范畴都有待研究。作为初期研究成果,课题组首先研究沿线代表性国家的会计准则、税收风险和财会人才培养的经验和差异。首先,会计在资本市场上已经具有举足轻重的地位。会计通过对信息的收集、加工、总结,形成对经济决策和经济管理有效的信息系统,因此了解代表性国家的会计准则是非常重要的内容。其次,伴随着企业对外投资活动的愈发活跃,对
    外投资面临的税收风险也日益凸显,主要包括重复征税的风险、未充分享受税收协定待遇的风险、因转让定价和反避税问题导致的风险、海外并购标的企业的历史税收问题的风险和税收歧视等风险,如何规避和应对这些税收风险是企业走出国门的必修课。最后,无论是会计准则体系的协调与完善,还是税收风险的应对,都离不开国际化财会
    人才的培养,如何更好地培养具有全球化视野的专业财会人才,沿线国家是否有专门的机构或组织负责财会人才的培养、财会人才需要具备的能力有哪些、通过什么方式提升财会人才的胜任能力、不同国家的企业在培养模式上有哪些不同之处、有哪些经验值得互相借鉴等问题是各国、各企业非常关注的问题。关于代表性国家的选择,课题组
    借鉴了ACCA、上海证券交易所以及国家“ 一带一路” 信息中心等的研究成果,计算出的沿线国家的国别合作度指数分值,按照指数分值排名,确立了新加坡、马来西亚、阿联酋、波兰、捷克斯洛伐克、卡塔尔、匈牙利、泰国、越南、俄罗斯、印度尼西亚、哈萨克斯坦、印度和巴基斯坦等14 国作为首批研究对象。课题组采用调查问卷的方式,针对
    14 国的企业高管(包括本国企业和中资企业在这些国家的分支机构)于2017 年4 月到6 月之间进行了问卷调查分析。
     
  • Why excessive aggregation “Other operating expense” in P&L?

    Source: Chie Mitsui,
    Date Submitted: 25 Sep 2017
    Views: 808
    Downloads: 57
    To explore the issue of why the line item such as "Other operating expense", presented in the P&L and notes to the financial statements, is frequently a large amount, in the context of the rest of the items in the P&L, that is not accompanied by additional detail or disaggregation. This issue results in investors having a diminished ability to understand the financial performance of those companies that do not disclose this detail. We would like to discuss the issue of why companies fail to disaggregate these line items, and think about how disclosures could be improved. In addition, 
  • Cash Conversion Cycle and the Financial Performance of Philippine Firms

    Source: Francis Adrian H. Viernes
    Date Submitted: 11 Sep 2017
    Views: 544
    Downloads: 66
    This is the first documented study of the relationship of the Cash Conversion Cycle and the performance of Philippine firms, submitted as a graduate course requirement.
  • Mergers and acquisitions: how do you view their underlying substance?

    Source: Hong Kong Institute of Certified Public Accountants
    Date Submitted: 30 Aug 2017
    Views: 2779
    Downloads: 74
    Are you a shareholder or analyst with an interest in mergers and acquisitions? 
    The accounting standard-setters need your expertise. 

    We are aware that M&As are common and can take the form of group restructurings or third party acquisitions. There is usually no question that there is underlying substance to acquisitions with third parties - the transaction price typically represents the fair market value of the acquired business. But M&As within a group might arguably be different.

    The findings of this M&A survey will be published and will help us consider whether all M&As should be accounted and reported in the same way. 

    To participate, click on this link: http://survey.hkicpa.org.hk/index.php?sid=57118&lang=en, or download and email us the attached survey: outreachhk@hkicpa.org.hk
  • Are the New Auditor's Report Insightful?

    Source: Hong Kong Institute of Certified Public Accountants, Standard Setting Department
    Date Submitted: 26 Jul 2017
    Views: 1444
    Downloads: 0
    The Standard Setting Department of the Hong Kong Institute of Certified Public Accountants is conducting a survey on the new auditor's report of listed entities. Feedback from users of financial statements is important for us to know whether the new requirement serves users' needs, and if not what could be improved. http://survey.hkicpa.org.hk/index.php?sid=55433&lang=en
     
    The survey is open until the end of August. For enquiries: outreachhk@hkicpa.org.hk>


    Background of the new auditor's report
    From financial year ends 15 December 2016 onwards, auditor's reports of listed entities are required to describe key audit matters (KAMs) to provide greater transparency about the audit that was performed. Communicating KAMs assists intended users of financial statements in understanding matters that were of most significance in the auditor's professional judgement; and understanding the entity and areas of significant management judgement.
  • RMBI Newsletter Issue 13 (Financial Crime Risk: Anti-Money Laundering and The Rise of Text Mining in Financial Markets)

    Source: Tsang Chiu Yu, Derek, Wong Ching Ip, Venice, Chiu Hok He, Angus, Li Chin Wa, Chin
    Date Submitted: 26 Jul 2017
    Views: 628
    Downloads: 0
    In the latest issue (Issue 13 – August 2017), it covers the stories of:
     
    Financial Crime Risk : Anti-Money Laundering Practices in Banking
    To understand anti-money laundering, we have to understand what money laundering is. Money Laundering is the process of converting illegal funds into seemingly legitimate assets with the purpose of concealing the ownership or original source of these funds. This makes it difficult for the authorities to trace the origins of the funds. To counter this, the banking sector has established a set of internal regulations and system known as anti-money laundering. These are legal controls taken by financial institutions to investigate suspicious transactions to help prevent money laundering activities within the banking sector.
     
    The Rise of Text Mining in Financial Markets
    The world is awash in data. Financial markets are awash in data. We are generating around 2.5 quintillion (2.5×1018) bytes of information every day, and there is an average of 4,000 brokerage reports a day comprising around 36,000 pages in 53 languages. As market participants try to maximize their competitive edge from the growing mountain of information, the nancial world increasingly feels there is a need to harness the power of big data and it has been shaping the way they acquire, analyze and utilize data. The recent development is the rapid expansion of text mining. Hence, this article will focus on the development of Text Mining technology as well as Text Mining technique.
  • Valuation Insights - India Edition, May 2017

    Source: Varun Gupta
    Date Submitted: 09 May 2017
    Views: 2270
    Downloads: 0

    Valuation Insights is a quarterly e-newsletter that provides you with the latest news from Duff & Phelps and the trends and changes in valuation and accounting that could affect your business transactions in Asia.

    In this edition, our top stories cover the Financial Accounting Standards Board issuing an Accounting Standards Update, robust fair value measurement, the International Valuation Standards Council releasing the 2017 edition of its International Valuation Standards, and a recent Duff & Phelps study about fairness opinions.

    We will also look at important Duff & Phelps reports and articles, including a recorded forum presentation by Professor Damodaran and the Duff & Phelps Global Regulatory Outlook 2017.

  • Practitioner’s Brief: Behind Closed Doors - How Private In-House Meetings Move Public Markets

    Source: Robert Bowen, Shantanu Dutta, Songlian Tang, Pengcheng (Phil) Zhu
    Date Submitted: 02 Apr 2017
    Views: 869
    Downloads: 0
    WHAT’S THE INVESTMENT ISSUE?
    In this brief, we provide an investor’s-eye view of a piece of research that shines a floodlight on an inherently opaque subject—private meetings between senior management and investors. Both camps are presumed to know better than to share or receive anything that could be considered material non public information (MNPI). Nonetheless, the authors of this study point to some dubious trends associated with these sit-downs. The question of whether a falling tree makes noise in a forest devoid of hearing-enabled life forms has long held its own as a rudimentary philosophical riddle. But as a practical matter for debate, it’s not much of one, i.e., we’re pretty sure that in all likelihood, a tree crashing to the ground does make a sound. Now ponder this: If a private meeting between senior management and a fund manager takes place—and no one else is there to hear what’s said—are there consequences in the stock market? In other words, what is the point of these cozy sit-downs? Do the parties stand to benefit? Such meetings, of course, are routine and perfectly legal, provided the executives at the publicly traded company steer clear of disclosing any MNPI. The authors set out to ascertain, among other information, to what extent corporate insiders—who control the timing and content of meetings—trade on those meetings. “Overall, our results suggest that companies disclose material non-public information during these meetings and some participants trade on the information,” the authors state.

    HOW DO THE AUTHORS TACKLE THIS ISSUE?
    The question of whether the meetings lead to some competitively advantageous information being leaked, maybe inadvertently, under the camouflage of crafty syntax, or even brazenly, might have remained one of mankind’s eternal mysteries had it not been for the Shenzhen Stock Exchange (SZSE). In 2009, the SZSE became the first exchange to require listed companies to report dates of private meetings with investors. Since August 2012, the SZSE has also required summary notes of what was said during those meetings, creating a dataset of some 17,000 meeting reports that the quartet of authors mined to startling effect. The authors found highly suspicious trading patterns among company insiders timing transactions ahead of and in the wake of private meetings. Although only 20% of private meetings can be connected with disclosed insider-trading activities, it is worth underscoring that the trades, some USD12 billion over a 28-month sample period (August 2012–December 2014), represent nearly two-thirds of the value of all insider trading among SZSE-listed companies during that time. Interestingly, nearly three-fourths of listed companies held at least one private meeting per year; the average was around five meetings per year. Most meetings were hosted in the companies’ headquarters.

    WHAT ARE THE FINDINGS?
    The research shows a clear trend of abnormally positive stock returns starting approximately 22 days prior to the private meeting dates. In fact, the average stock price run-up translates into RMB73.1 million (or about USD11 million) per average firm in the sample. Call it the “meeting anticipation effect” whereby investors/insiders trade on the not-irrational belief that in-house meetings generally reveal positive information. Some insiders appear to be selling into what they anticipate to be herd buying, using the increased volatility to mask their offloads.

    WHAT ARE THE IMPLICATIONS FOR INVESTORS AND INVESTMENT PROFESSIONALS?
    Many large institutional investors will undoubtedly scoff at the implication that they are gaming the system—or being gamed—by participating in face-to face conversations with the leaders of the companies in which they are investing large sums. These fund managers will also point to proprietary research processes that emphasize sophisticated models and, using the authors’ term, a “mosaic” of skillfully assembled information. Companies that hold meetings, likewise, could just as easily frame these interactions as transparent corporate citizenry, as evidenced by the high “information quality” scores enjoyed by the majority of the companies that report private meetings. The pieces are thus firmly in place for the facilitation of reinforced feedback loops: Companies that hold meetings have more analysts covering them, and these analysts represent large funds whose trades are closely watched. Insiders, who have seen this movie before, are not blind to the ripple effects of a few well-placed dollops of promising insinuations or even flat-out MNPI utterances. That there is an opportunity, thanks to the SZSE and the authors, for a sophisticated fund manager to write an algorithm scouring the mere record that meetings took place in an effort to catch some window of upside could be seen as one logical outcropping of the findings here, although we can think of another. Regulators in a developed market such as the United States might also find it useful to require some record of private meetings. Fund managers in the United States spend USD1.4 billion a year for face time with executives. The investment pays off well for those fund managers who are invited to these meetings and who make profitable trades around the meeting dates. According to the authors, the information gained from private in-house meetings provides these fund managers, and their investors, with an additional competitive edge. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    Summarized by Rich Blake. Rich is a veteran financial journalist who has written for numerous media outlets, including Reuters, ABC News and Institutional Investor. The views expressed herein reflect those of the authors and do not represent the official views of CFA Institute or the authors’ employers.
  • Analyst Report - Best World International Ltd

    Source: Charles Phan Zhong Wei, Jeremy Liang Jinrong, Ai Xin
    Date Submitted: 27 Mar 2017
    Views: 340
    Downloads: 38
    Sell-side research report on Best World International Ltd. Initiate a Buy Call with upside of 47.7%. Includes: - detailed report of analysis - slide deck to pitch the stock recommendation - financial model with detailed accounting adjustments, performance analysis, forecasts and valuations
  • Agency Theory, Corporate Governance and Dividend Payout in New Zealand

    Source: Helen Roberts, Travis Brown
    Date Submitted: 05 Jan 2017
    Views: 265
    Downloads: 2
    This paper examines the effect of internal corporate governance on the likelihood and the level of dividend payout in New Zealand. We find a positive relationship between the level of dividend payout and internal corporate governance. Interestingly, our results also support a non-linear relationship between dividend policy and beneficial director ownership levels. We find evidence to suggest that lower dividend payout coincides with decreasing agency costs arising from increased director-shareholder alignment for beneficial director share ownership less than 26%. The relationship becomes negative when ownership exceeds 56%. The high levels of ownership invoke managers to invest surplus cash to maximize firm value, with dividend policy acting as a substitute for director oversight. Entrenchment exists for ownership levels between 26% and 56%. We also find that external ownership combined with strong board governance may mitigate agency problems.
  • AFM - Inside the “black box” of Private In-house Meetings: Implications for Fair Disclosure and Insider Trading Regulation

    Source: Robert Bowen, Shantanu Dutta, Songlian Tang, Pengcheng Zhu
    Date Submitted: 19 Nov 2016
    Views: 592
    Downloads: 38
    While corporate private in-house meetings between investors and management are common across the world, there are generally no detailed reporting requirements for these meetings. The Shenzhen Stock Exchange in China is an exception and thus provides a unique opportunity to look inside the ‘black box’ to examine the structure and consequences of private in-house meetings. We develop a unique large-scale hand-collected dataset by accessing over 17,000 private meeting reports over 2012-2014 and use reported meeting details to examine the consequences of private in-house meetings. We find that, on average: (i) the stock market anticipates positive news in these private meetings as there is a significant stock price run-up starting about 30 days before the meeting date, (ii) the market reacts strongly and positively around these meeting dates, and (iii) the market reacts again around the subsequent public disclosure of the meeting notes. Further, we find that company insiders engage in significant trading activities around these meeting dates, selling over $12 billion USD of their shares – almost 62% of the total value of all insider trades for Shenzhen-listed firms in our sample period. Most importantly, it appears that company insiders are able to time their transactions: they tend to sell more shares before negative news disclosures but hold off selling when there is positive news to be disclosed in the meeting. Overall, our results suggest that firms disclose material non-public information during these private meetings, and that at least some meeting participants and company insiders trade on this information before it is publicly available. Finally, it appears that disclosure of private meeting details can be beneficial for market participants who are unable to attend such meetings. We discuss implications of these findings for disclosure requirements in the other countries.
  • Fixed Asset Management process followed in India

    Source:
    Date Submitted: 14 Nov 2016
    Views: 410
    Downloads: 16
    This article explains the fixed asset management processes which are followed by different companies in India.
  • AFBC - Differences in the Reliability of Fair Value Hierarchy Measurements: A Cross-Country Study

    Source: Kevin Ow Yong,Chu Yeong Lim,Jeffrey Ng,Gary Pan
    Date Submitted: 25 Sep 2016
    Views: 491
    Downloads: 12
    Submission of conference paper to the 29th Australasian Finance and Banking Conference (AFBC) to be considered for the CFA Institute Research Awards available to papers presented at the conference.
  • Factors Affecting Preparers' and Auditors' Judgements about Materiality and Conciseness in Integrated Reporting

    Source: Ann Tarca, Lee Krug, Marvin Wee, Walter Aerts, Matthew Tilling, Penelope Pink
    Date Submitted: 12 Aug 2016
    Views: 468
    Downloads: 3
    This study explores the issues of materiality and conciseness in Integrated Reporting () from the perspectives of corporate report preparers, company auditors and users of reports.
  • Meeting Users’ Information Needs: The Use and Usefulness of Integrated Reporting

    Source: Prof. Richard Slack, Prof. David Campbell
    Date Submitted: 12 Aug 2016
    Views: 646
    Downloads: 10
    This report explores how providers of financial capital perceive integrated reporting () and its potential for providing decision-useful information, through interviews with senor capital market participants.
  • Creating Value through Governance - Towards a New Accountability - A consultation

    Source: Moxey, P., Berendt, A.
    Date Submitted: 10 Jun 2016
    Views: 664
    Downloads: 6
    This consultation paper forms part of ACCA’s investigation to examine whether existing governance and risk management frameworks are ‘fit for purpose’. It asks whether corporate governance in practice, is helping business to create value or whether something has gone wrong. This paper argues that corporate governance is about creating value and that governance codes should be evaluated on how well they facilitate the creation of value. It sets out how a framework of ‘performing, informing and holding to account’ can work.
  • Planning, Budgeting and Forecasting: An eye on the future

    Source: O'Mahony, J., Lyon, J.
    Date Submitted: 10 Jun 2016
    Views: 674
    Downloads: 12
    A global report (first of three) jointly commissioned by the ACCA and KPMG to evaluate how the Enterprise Performance Management capability within finance functions is providing the business with insightful profitability and cost analysis through appropriate people, processes and technology.
  • Profitability and Cost Analysis: An eye on value

    Source: O'Mahony, J., Lyon, J.
    Date Submitted: 10 Jun 2016
    Views: 652
    Downloads: 12
    A global report (last of three) jointly commissioned by the ACCA and KPMG to evaluate how the Enterprise Performance Management capability within finance functions is providing the business with insightful profitability and cost analysis through appropriate people, processes and technology.
  • Ending Late Payment: Part 3 - Reflection on the evidence

    Source: Schizas, M.
    Date Submitted: 10 Jun 2016
    Views: 616
    Downloads: 3
    This is the third of a series of three reports on the problem of late payment and how businesses and governments can work together to alleviate it. It summarises the ACCA’s findings on this important issue and is a call to action for governments, financial services firms, large corporates and small businesses.
  • Ending Late Payment: Part 2 - What works?

    Source: Schizas, M.
    Date Submitted: 10 Jun 2016
    Views: 645
    Downloads: 5
    This is the second of a series of three reports on the problem of late payment and how businesses and governments can work together to alleviate it. It brings together evidence from a wealth of ACCA-commissioned publications and other research as well as 36 case studies involving ACCA members around the world to help define good practice in both business and policy.
  • Ending Late Payment: Part 1 - Taking stock

    Source: Schizas, M.
    Date Submitted: 10 Jun 2016
    Views: 667
    Downloads: 3
    This is the first of a series of three reports on the problem of late payment and how businesses and governments can work together to alleviate it. It combines an extensive literature review with quantitative data from ACCA’s member surveys to correctly define late payment, trace its precise origins and document its impact on the global economy.
  • Increasing Gender Diversity to Boost Performance: A briefing for finance and HR leaders

    Source: ACCA
    Date Submitted: 10 Jun 2016
    Views: 679
    Downloads: 4
    This paper presents the value of gender diversity in business. It aims to help CFOs, senior finance professionals and HR professionals working alongside finance teams, to understand the value of gender diversity and make the business case for diversity to their peers.
  • China's Next 100 Global Giants

    Source: Hunag Q.H., Atherton, A., Zhan, G.
    Date Submitted: 09 Jun 2016
    Views: 446
    Downloads: 7
    A growing number of Chinese businesses are moving from dominance of domestic markets to global growth. This report identifies 100 emerging businesses that are not yet well known outside China but will be competing globally over the next three to five years.
  • Low Prices, High Expectations: Oil and Gas CFOs in Demand

    Source: ACCA
    Date Submitted: 09 Jun 2016
    Views: 1912
    Downloads: 18
    This report takes a closer look at how CFOs are tackling the big investment decisions: how they are adapting their funding strategies, how they balance short- and long-term priorities, and how they factor into their planning a range of shifting regulatory and market demands.
  • Innovation, Intangibles and Integrated Reporting: A pilot study of Malaysian SMEs

    Source: Brassell, M, Reid, B.
    Date Submitted: 09 Jun 2016
    Views: 477
    Downloads: 5
    This report presents the results of a pilot project, which tests the relevance of the Malaysian National Corporate Innovation Index to small and medium-sized enterprises.
  • Talent Equation: First Insights

    Source: ACCA
    Date Submitted: 09 Jun 2016
    Views: 287
    Downloads: 2
    Report formed the launch of a comprehensive research programme of finance talent management practices to assess and address the critical talent challenges that organisations – and their finance leaders – now face in ensuring that they attract, train and retain the next generation of finance professionals. The study draws on a wide range of quantitative and qualitative research activities, including global surveys, ‘deep-dive’ enterprise case studies, in-depth career profiling and insightful leadership interviews, to reveal the finance talent situation and identify the most relevant talent management trends and priorities.
  • The robots are coming? Implications for finance shared services

    Source: ACCA
    Date Submitted: 09 Jun 2016
    Views: 332
    Downloads: 4
    Report from the ACCA draws on the expertise the institution's finance transformation, shared services and outsourcing advisory group, bringing together a panel of leading industry experts to provide perspectives on the future of automation and specifically the use of robotic software in the finance function.
  • State of Non-Profit Finance Function

    Source: Hadjimichael, T.
    Date Submitted: 09 Jun 2016
    Views: 278
    Downloads: 3
    This ACCA report aims to define the non-profit finance function through the lens of both non-profit organisations and their stakeholders, and examine its role within the changing operating and funding landscape.
  • Governance for All: The implementation challenge for SMEs

    Source: ACCA
    Date Submitted: 09 Jun 2016
    Views: 299
    Downloads: 5
    This report aims to encourage understanding of what corporate governance means for SMEs. It draws extensively on material presented and discussed during a seminar organized by the Economic and Social Research Council (ESRC) and held in ACCA’s London offices on 19 November 2014 and incorporates the views of the ACCA Global Forum for SMEs.
  • The Future of Audit

    Source: Jeffery, N. (Grant Thornton), Gambier, A. (ACCA)
    Date Submitted: 09 Jun 2016
    Views: 604
    Downloads: 8
    Report is a compilation of a series of roundtable discussions hosted by Grant Thorton and ACCA in seven nations globally into the impact on audit practices to rapid changes around the the world and the future impact on auditing.
  • The Data Revolution

    Source: ACCA, IMA
    Date Submitted: 09 Jun 2016
    Views: 622
    Downloads: 4
    A joint ACCA/ICA study and related report developed to draw attention to on-going radical changes in the role of data to the accounting and finance professions that would impact on practitioners moving forward.
  • Balancing Rules and Flexibility: A study of corporate governance requirements across 25 markets

    Source: KPMG (Singapore), ACCA
    Date Submitted: 09 Jun 2016
    Views: 3265
    Downloads: 33
    The objectives of the study were to: (a) Examine corporate governance (CG) requirements in terms of clarity and completeness of content, degree of enforceability and prevalence; (b) Identify common/basic CG requirements and emerging trends; (c) Raise awareness of the similarities and differences in CG requirements across markets, geographic regions, economic zones and pillars/themes of CG; and (d) Inform other industry research.
  • ResearchFrom Share Value to Shared Value: Exploring the Role of Accountants in Developing Integrated Reporting in Practice

    Source: Gibassier, D., Rodrigue, M., CPA, Arjalies, D.L.
    Date Submitted: 08 Jun 2016
    Views: 591
    Downloads: 4
    Joint IMA-ACCA report into integrated reporting (IR) aimed at developing greater practitioner involvement into IR matters.
  • Cybersecurity: Fighting Crime's Enfant Terrible

    Source: ACCA Global, IMA
    Date Submitted: 08 Jun 2016
    Views: 432
    Downloads: 3
    Report prepared by ACCA Global and IMA on the risks of cybersecurity. The purpose of the report is to review the cyber-threat landscape, discuss cybersecurity, future trends and areas of concern, and to highlight particular areas that are likely to have direct impact on the future of accountancy.
  • Mapping the Sustainability Reporting Landscape: Lost in the right direction

    Source: Lois Guthrie
    Date Submitted: 08 Jun 2016
    Views: 651
    Downloads: 5
    This report explores the changing corporate sustainability reporting landscape, outlines its components, addresses current challenges and proposes development opportunities. It provides a considered overview of the trends, levers and drivers influencing the reporting landscape. It also proposes ideas to prompt discussion among professionals involved in reporting who seek standardisation, rationalisation and order.