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Accounting and Financial/Non-financial Reporting Developments
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Accounting and Financial/Non-financial Reporting Developments

A special issue of International Journal of Financial Studies (ISSN 2227-7072).

Deadline for manuscript submissions: 31 December 2024 | Viewed by 6792

Special Issue Editors

Dr. Graça Azevedo

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Guest Editor
1. Research Centre on Accounting and Taxation (CICF), Escola Superior de Gestão, IPCA, 4750-821 Barcelos, Portugal
2. Higher Institute of Accounting and Administration, Aveiro University, 3810-193 Aveiro, Portugal
Interests: accounting standards; disclosure of financial and non-financial information; social responsibility; integrated reporting; impression management; sustainability; corporate governance; intellectual capital; Era 5.0
Special Issues, Collections and Topics in MDPI journals
Prof. Dr. José Vale

E-Mail Website
Guest Editor
CEOS.PP—Centre for Organisational and Social Studies of P. Porto, Porto Accounting and Business School, Polytechnic Institute of Porto, 4465-004 Porto, Portugal
Interests: intellectual capital; knowledge management; accounting; accountability; sustainability; corporate social responsibility; Era 5.0; financial and non-financial reporting
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Currently, in the so-called 5.0 Era, accounting and, consequently, financial as well as non-financial reporting have been subject to major developments, mainly to accommodate new market demands. A wider and more demanding target audience, which calls for financial reports focused mainly on relevant information and non-financial information, such as on sustainability or intellectual capital, as well as on the advancements in information technologies, are crucial factors for the future of accounting and, thus, financial as well as non-financial reporting.

As society evolves, stakeholders increasingly demand accountability and the transparency of companies' activities, thus broadening the scope of accounting and reporting to respond to market developments.

This Special Issue addresses the new trends regarding the development of accounting and financial/non-financial reporting.  It is focused on, among other areas, sustainability issues, the impact of new technologies, the role of intangible resources, new measurement models, and the different factors that influence financial/non-financial disclosure. Articles aiming to address these topics in any context are welcomed for publication in this Special Issue.

Dr. Graça Azevedo
Prof. Dr. José Vale
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. International Journal of Financial Studies is an international peer-reviewed open access quarterly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • financial information
  • information technologies
  • non-financial information
  • sustainability
  • Era 5.0

Published Papers (4 papers)

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Research

16 pages, 350 KiB  
Article
Firms’ Investment Level and (In)Efficiency: The Role of Accounting Information System Quality
by Cláudia Pereira, Beatriz Castro, Luís Gomes and Helena Canha
Int. J. Financial Stud. 2024, 12(1), 9; https://doi.org/10.3390/ijfs12010009 - 18 Jan 2024
Viewed by 1507
Abstract
We investigate whether accounting information system quality has an impact on the level and efficiency of firms’ investments. While firms’ growth depends on investment and financing decisions, accounting information is fundamental for the decision-making of several stakeholders. We assess the accounting information system [...] Read more.
We investigate whether accounting information system quality has an impact on the level and efficiency of firms’ investments. While firms’ growth depends on investment and financing decisions, accounting information is fundamental for the decision-making of several stakeholders. We assess the accounting information system quality by discretionary accruals, whereas the investment inefficiency is estimated by the residuals of an investment regression for a sample of 3073 Portuguese SMEs from 27 industries, over the period from 2016 to 2021 using a panel regression analysis. The empirical evidence suggests that firms exhibiting higher accounting information system quality tend to invest more. In addition, firms with a lower accounting information system quality have more inefficient investments, as they tend to engage in more overinvestment, although this is not significant for underinvestment. Therefore, this study provides new evidence regarding the impact of accounting information systems on investment that may be useful for several stakeholders, such as managers, creditors, regulators, and academics, by providing evidence for SMEs, where empirical studies are scarce. Full article
(This article belongs to the Special Issue Accounting and Financial/Non-financial Reporting Developments)
17 pages, 853 KiB  
Article
Variable Considerations in ASC 606, Earnings Management and Business Continuity during Crisis
by Mohammed M. Yassin, Dea’a Al-Deen Al-Sraheen, Khaldoon Ahmad Al Daoud, Mohammad Alhadab and Farouq Altahtamouni
Int. J. Financial Stud. 2024, 12(1), 1; https://doi.org/10.3390/ijfs12010001 - 02 Jan 2024
Viewed by 1719
Abstract
The Financial Accounting Standards Board (FASB) released Accounting Standards Codification (ASC) 606, “Revenue from Contracts with Customers”, with the aim of enhancing transparency to provide fairer representation and inhibit the misuse of revenues to manipulate earnings. During COVID-19, variable considerations in ASC 606 [...] Read more.
The Financial Accounting Standards Board (FASB) released Accounting Standards Codification (ASC) 606, “Revenue from Contracts with Customers”, with the aim of enhancing transparency to provide fairer representation and inhibit the misuse of revenues to manipulate earnings. During COVID-19, variable considerations in ASC 606 were used to manage earnings as a tool to help firms survive. The study aimed to test the mediating role of earnings management in influencing the effect of variable considerations in ASC 606 on the continuity of the firm. An online questionnaire was sent to financial reporting preparers in US public shareholding firms; 403 valid questionnaires were received. The results of PLS-SEM revealed that crises such as COVID-19 have highlighted the way in which variable considerations in ASC 606 were exploited to manage firms’ earnings to ensure their survival. Companies resort to showing their best financial performance, beautifying its financial reports by manipulating profits, using flexibility in accounting policies, but this may negatively affect the country’s entire economy by collapsing companies and creating more financial crises that cannot be easily addressed. Full article
(This article belongs to the Special Issue Accounting and Financial/Non-financial Reporting Developments)
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22 pages, 349 KiB  
Article
Audit Expectation Gap in the External Audit of Banks in Mozambique
by Osvaldo Massicame, Helena Coelho Inácio and Maria Anunciação Bastos
Int. J. Financial Stud. 2023, 11(4), 138; https://doi.org/10.3390/ijfs11040138 - 15 Nov 2023
Viewed by 1559
Abstract
The function of the external audit, largely as a result of the scandals and financial crises that have occurred, has been the subject of debate and criticism. This aspect has fostered discussions around the Audit Expectation Gap, which, in short, is understood as [...] Read more.
The function of the external audit, largely as a result of the scandals and financial crises that have occurred, has been the subject of debate and criticism. This aspect has fostered discussions around the Audit Expectation Gap, which, in short, is understood as the differences in expectations between the audit’s results and what is expected from it. In this context, the present study aimed to evaluate the existence of the Audit Expectation Gap in the external audit of banks in Mozambique. For this purpose, auditors, regulators/supervisors, managers and financial staff from banks and companies were surveyed. The results showed statistically significant differences in the opinions of respondents regarding matters related to the scope and objective of the audit, materiality and risk, and different aspects of responsibility. Thus, evidence was obtained that, in addition to reviewing audit regulations for Mozambican credit institutions and financial companies, there is a need for clarification of matters such as the level of security in external audits (which cannot be absolute); the responsibilities of management and auditors in areas such as assessing and reporting compliance with the ratios and prudential limits imposed by the Bank of Mozambique; assessing the suitability of risk management at the bank; and the prevention, detection and reporting of fraud. Full article
(This article belongs to the Special Issue Accounting and Financial/Non-financial Reporting Developments)
10 pages, 269 KiB  
Article
The Differential Effects of Internal Control Teams on Investment Decision Making Based on Industry Competition
by Hyunjung Choi
Int. J. Financial Stud. 2023, 11(4), 131; https://doi.org/10.3390/ijfs11040131 - 03 Nov 2023
Viewed by 1107
Abstract
This study investigates how a company’s internal control team affects their investment decision making, considering the level of industry competition within the South Korean capital market. A model obtained from the literature was employed to test the hypothesis. When industry competition is low, [...] Read more.
This study investigates how a company’s internal control team affects their investment decision making, considering the level of industry competition within the South Korean capital market. A model obtained from the literature was employed to test the hypothesis. When industry competition is low, the quantitative adequacy of internal control staff increases the likelihood of investment when the risk of underinvestment is high, and it decreases the likelihood of investment when the risk of overinvestment is high. However, this is not the case when industry competition is fierce. Qualitative adequacy of internal control staff—expertise—has a significant effect on investment decision making when industry competition is high, but has no significant effect when industry competition is low. These results suggest that investors should consider the quantitative and qualitative adequacy of internal control staff along with the level of industry competition when evaluating the investment efficiency of a company. Full article
(This article belongs to the Special Issue Accounting and Financial/Non-financial Reporting Developments)
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