Finance and accounting management

Finance and accounting  management

Author : Akanksha Palaye

MMS ‘B’

Roll no: 0222105

Business Research Methods

Kohinoor Business School

 Literature Review

 

1.Public sector financial management

        Alon Barton et al ,(2009) stat that, The adoption of accrual accounting was integral to the whole NPFM reform program implemented by the Australian government. The reviews of their operations, governments accepted the need to broaden the focus of public sector management to all resources in addition to fiscal policy and cash management, and to consider the outcomes of government policies in relation to their total costs. The stated purpose for the reforms of promoting greater efficiency and effectiveness in resource use and enhanced accountability for performance was highly commendable. Better management in government benefits the nation’s citizens.

 

2.Systematic equity research

           RYAN et al stat that,  their survey research in accounting and finance that relates accounting numbers to market measures of systematic equity risk. The   earnings variability has historically been the accounting variable most strongly related to systematic equity risk. systematic equity risk is positively associated with sources of operating risk like price and quantity variability, operating leverage and financial leverage. They discuss the implications of this research for risk disclosure policy, indicating ways that the accounting system can evolve to provide better information about earnings variability, sources of operating risk, operating leverage and financial leverage.

 

3.Open Market stock repurchase

          CHATTERJEE et al 2015, stat that  share repurchase announcements do not in the equity market unlike developed economies like US, Canada and Australia. They find that firms with larger repurchase size experience greater abnormal stock return that with smaller size of share repurchase . Indian firms may go for share repurchase announcements to counter the takeover threats or to enhance promoters’ stake in the business.

 

 

4.Stock market trading simulation in finance

            MARRIOTT at al 2015 stat that  the views of the tutor and postgraduate students engaged in the use of the Traded stock market trading simulation package on a finance module.  The use of pre- and post-simulation briefings that  how simulation enhances the knowledge transferability of finance concepts and practical considerations relating to software selection, technical support and contingency planning. These observations offer best practice guidelines for academics considering implementing simulations into their own teaching. From a student , the benefits of simulation in terms of offering a ‘real-world’ experience.  The combination of  theory and practice has enable the students to recognize the positive benefits observation, reflection and experimentation can have on identifying their weaknesses, improving their understanding and changing their future trading behavior.

 

5.Adoption of Internet banking

Venkataraman et al, 2022 stat that India is home to a highly diversified and heterogeneous population, and in this context, understanding the relationship between the demographics and consumers’ adoption behavior towards green banking becomes highly relevant and significant. The customers at the bottom of the economic pyramid need tailor-made marketing strategies and service components so that the adoption of green behavior and the green quotient can be increased. This can also provide insights for the formulation of various communication programs that can provide awareness and motivation and thus influence consumer behavior.

 

6.Behavioral intention towards internet banking

Mann et al 2018 stat that the effect of gender on the constructs of perceived usefulness, perceived ease of use , attitude towards internet banking, benefits of internet banking demographic variables like age, education, income and occupation influencing behavioral intention. Internet banking provides reliable and dependable services, it is easy to become skillful at using internet banking provides helpful guidance in performing the transaction.

 

7.Finacial accounting

Baker et al 2021 stat that  the much of the time that companies spend on cost of goods sold is spent creating theories as to how best to assign factory overheads cost to each unit. The redefinition of what is revenue?, what is product cost? What is the period cost? Each company must re examine the classification of every cost incurs. The cost of defects that are deemed normal rather than written off, are added to product costs.

 

 

8.Accounting and financial management

     Abdisamad et al 1974 stat that an analysis of topics covered in both accounting and financial management courses financial management coverage degree of Emphasis topic Accounting coverage. The role of the financial manager discusses the accountant role in the organization. The concept of cash flow is inferior to that of accounting in come, cost of capital is a simple and unimportant topic accountants are the most qualified to be financial managers

 

9.Accounting standard

Schipper et al 2003 stat that  having provided a principle based standard what more should the standard include ? application of the standard requires decisions about the working of the goodwill impairment test. More generally what are the cost and benefits of detailed guidance in accounting standards and is there a level of prescriptive detail that coverts a principle based standard to a rule based measuring financial instruments at fair values SFAS No.133 state the FASB conclusion that fair value is the mist relevant measurement attribute for financial instruments.

 

10.Accounting and finance

Fairchild et al ,2020 stated that introduction research reports a statistically significant performance advantage realized by accounting and finance. The comprehensive Business exam as part of assurance of learning assessment. In this article they examine the performance of accounting and finance major, compared with management and marketing majors on the MFTB and  CBE. Their dataset included 571 undergraduate students who took their the MFTB or the CBE as a part if their senior business capstone class

 

 

Conclusion

The proper management of finances and accounting for any organization’s success and sustainability. Financial and accounting management practices ensure that an organization has adequate resources to fund its operations, invest in new projects, and make sound business decisions.

Effective financial management involves the efficient allocation of resources, monitoring of cash flow, managing risks, and ensuring compliance with statutory regulations. The accounting function plays a important role in reporting and analyzing financial data to help management make informed decisions.

Furthermore, technology has significantly impacted financial and accounting management, with  accounting software and other tools that enhance efficiency, accuracy, and speed.

 

 

REFERENCES

 

  • ABDELSAMAD, M. H.; SPERRY, J. B. Accounting and Financial Management. Accounting Review, [s. l.], v. 49, n. 4, p. 844–851, 1974. Disponvelem: https://discovery.ebsco.com/linkprocessor/plink?id=0e92ef47-0b1e-3793-8189-f60235a4aea8. Acesso em: 11 maio. 2023.

 

  • BAKER, W. M.; DAVÈ, D. Using Financial Accounting Throughout Supply Chain Management: Now Is the Time. IUP Journal of Accounting Research & Audit Practices, [s. l.], v. 20, n. 1, p. 28–36, 2021. Disponvelem: https://discovery.ebsco.com/linkprocessor/plink?id=fe4dfe55-ff2d-35da-93ff-afb9849866f7. Acesso em: 11 maio. 2023.

 

  • BARTON, A. The Use and Abuse of Accounting in the Public Sector Financial Management Reform Program in Australia. Abacus, [s. l.], v. 45, n. 2, p. 221–248, 2009. DOI 10.1111/j.1467-6281.2009.00283.x. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=7c643929-0c4f-335d-a489-1cc9f8e22efa. Acesso em: 11 maio. 2023.

 

 

  • CHATTERJEE, C.; DUTTA, P. Anomalous Price Behavior around Open Market Stock Repurchase Announcements in India. Vikalpa: The Journal for Decision Makers, [s. l.], v. 40, n. 4, p. 435–443, 2015. DOI 10.1177/0256090915611773. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=9a5e255c-4859-3666-aafb-06b5502036b3. Acesso em: 4 maio. 2023.

 

  • FAIRCHILD, C.; HAHN, W. Accounting and finance majors outperform other majors on the major field test in business and the Comprehensive Business Exam: An analysis of exam performance drivers. Journal of Education for Business, [s. l.], v. 95, n. 6, p. 345–350, 2020. DOI 10.1080/08832323.2019.1653249. Disponivelem: https://discovery.ebsco.com/linkprocessor/plink?id=33e59982-7500-3639-9df2-87f134e27ca8. Acesso em: 24 maio. 2023.

 

  • MANN, B. J. S.; SAHNI, S. K. The Moderating Impact of Gender on the Determinants of Behavioral Intention Towards Internet Banking in India. IUP Journal of Bank Management, [s. l.],v.17,n.4,p.7–35,2018. Disponivel em:https://discovery.ebsco.com/linkprocessor/plink?id=b3cb5c47-be10-326d-935f-85225b038b83. Acesso em: 8 maio. 2023.

 

 

  • MARRIOTT, P.; TAN, S. M.; MARRIOTT, N. Experiential Learning – A Case Study of the Use of Computerized Stock Market Trading Simulation in Finance Education. Accounting Education, [s. l.], v. 24, n. 6, p. 480–497, 2015. DOI 10.1080/09639284.2015.1072728. Disponivelem: https://discovery.ebsco.com/linkprocessor/plink?id=e6f73628-6826-3b9f-9039-991587f2cb53. Acessoem: 4maio. 2023.

 

  • RYAN, S. G. A Survey of Research Relating Accounting Numbers to Systematic Equity Risk, with Implications for Risk Disclosure Policy and Future Research. Accounting Horizons, [s. l.], v. 11, n. 2, p. 82–95, 1997. Disponivelem: https://discovery.ebsco.com/linkprocessor/plink?id=60c92eb1-5cb7-3228-b800-ade8d3ffa1db. Acessem: 4maio. 2023.

 

  • SCHIPPER, K. Principles-Based Accounting Standards. Accounting Horizons, [s. l.], v. 17, n. 1, p. 61–72, 2003. DOI 10.2308/acch.2003.17.1.61. Disponivelem: https://discovery.ebsco.com/linkprocessor/plink?id=b3f230f6-b3e9-3b1e-8444-adc769c5ff6c. Acesso em: 13 maio. 2023.

 

  • VENKATARAMAN, R.; A. N., A. Green Quotient and Adoption of Internet Banking as a Contributor to Sustainability: A Study of Underprivileged Customers. IUP Journal of Marketing Management, [s. l.], v. 21, n. 4, p. 41–52, 2022. Disponivelem: https://discovery.ebsco.com/linkprocessor/plink?id=c7816f47-fbfb-3068-bb5f-ee8b8b67d768. Acesso em: 8 maio. 2023

 

 

 

 

 

 

 

 

 

 

Leave a comment