Open Journal of Accounting

Journal Information
ISSN / EISSN : 21693404 / 21693412
Current Publisher: Scientific Research Publishing, Inc, (10.4236)
Total articles ≅ 69
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Latest articles in this journal

Georgios Kolias, Nikolaos Arnis, Efstratios Kypriotelis, Kolias Georgios, Arnis Nikolaos, Kypriotelis Efstratios
Open Journal of Accounting, Volume 8, pp 19-34; doi:10.4236/ojacct.2019.82002

Abstract:This study examines the relationship between firm performance and corporate governance structure, mainly leadership structure. The leadership structure is strongly related to CEO duality. There are several aspects and dimensions of this relation, which may influence the corporate performance but this study focuses on the extreme situation where this relation reaches its ends, namely the corporation collapse. This paper has considered the factors that can cause corporate failure and its governance inability to attain their objectives. Data were collected from 385 bankrupt and 14.000 non-bankrupt unlisted Greek firms for a period of ten years in order for a model to be drawn, indicating the possibility of those firms incorporated under duality to bankrupt.
Clement Olatunji Olaoye, Ayodele Temitope Ekundayo
Open Journal of Accounting, Volume 8, pp 1-17; doi:10.4236/ojacct.2019.81001

Nicodemus Muteti, Mary Namusonge, David Nzomo
Open Journal of Accounting, Volume 7, pp 181-190; doi:10.4236/ojacct.2018.73012

Bingxin Du, Jiaxu Jiang, Xiuzhi Ji
Open Journal of Accounting, Volume 7, pp 19-24; doi:10.4236/ojacct.2018.71002

Abstract:In the early 20th century, management accounting was created with Taylor’s theory of scientific management. Management accounting is a continuous improvement process that provides value added value, design, measure and manage financial and non-financial information systems for enterprises. This process directs the management actions, motivates behaviour, supports and creates cultural values, which are needed to achieve organizational strategy, tactics and business objectives. The research and application of management accounting in China started late. It started in the late 1970s and early 1980s. During the period of about 30 years, management accounting has made great progress in both theory and practice. Many facts have proved that China’s management accounting has gradually shifted from quantity and quota management to management of cost and value, and from project and department management to comprehensive and strategic management. In recent years, with the implementation of fiscal policies such as department budget, investment review and performance appraisal, “comprehensive budget”, “zero-base budget”, “budget control”, “responsibility assessment” and other modern management accounting theories and methods have been applied in various enterprises in China. But the time that management accounting is formed and developed in China is not long after all. There are many defects and deficiencies in China’s management accounting. The theoretical structure, scope of research and practical application of management accounting are to be improved and enriched, and there is still considerable space for development. The problem is more serious in small and medium-sized enterprises [1]. This paper studies the current development status of management accounting in small and medium-sized enterprises and factors that affect the management accounting in the small and medium-sized enterprises, then proposes solutions to meet the development needs of management accounting in small and medium-sized enterprises.
Ayman Mohamed Zerban
Open Journal of Accounting, Volume 7, pp 1-18; doi:10.4236/ojacct.2018.71001

Abstract:Accounting and auditing failures are still a hot topic despite strong efforts for efficient corporate governance. The motives and attitudes behind decisions and events leading to Enron’s eventual downfall appear to be simple. It is individual and collective greed born in an atmosphere of market loose of regulation. The financial results of the company were too good to be true and no sound was heard to criticize the company albeit very few opinions. It was a network to deceive stakeholders. Saudi Arabia government has sought to change its oil-based economy into a modern diversified economy with a more trend towards privatization consistent with 2030 vision “a vibrant society, a thriving economy and an ambitious nation” and in this situation an effective, transparent, accountable, enabling and high-performing government and corporations are an essential pillar for success in order to advance economy including stock market. Corporate governance is intended to increase accountability of corporations and to avoid problems before they occur. An accounting scandal at one of Saudi Arabia’s largest telecommunications companies is posing pressure on regulators, as Saudi Arabia moves to open up the Arab world’s largest stock market to foreign investors. The Capital Market Regulator in Saudi Arabia banned Deloitte’s firm (Bakr Abulkhair & Co.) from auditing public companies as of June 1st, 2015, on account of its work for the targeted loss-making company MMG (Mohammad Al Mojil Group). Another scandal in Saudi Arabia is Etihad Etisalat, known as (Mobily), as company’s audit committee pointed in their perspective to accounting errors that decreased about $380 million in previous profits. The aim of this research is to explore what went wrong and the violations of corporate governance rules by highlighting corporate accounting and auditing scandals in MMG (Mohammad Al Mojil Group) and Etihad Etisalat, known as (Mobily). Although what happened at Enron is very well known worldwide, the corporate accounting and auditing failures in the case of Saudi Arabia is unprecedented territory of research.
Huihui Zhang
Open Journal of Accounting, Volume 7, pp 25-41; doi:10.4236/ojacct.2018.71003

Vasilios Giannopoulos
Open Journal of Accounting, Volume 7, pp 191-206; doi:10.4236/ojacct.2018.74013

Jun Xie, Li Tan
Open Journal of Accounting, Volume 7, pp 73-81; doi:10.4236/ojacct.2018.71005

Abstract:Since the housing reform in 1998, China’s real estate market has developed rapidly and real estate prices have been on the rise. The real estate industry has become the pillar industry of our economy. However, historical experience has repeatedly proved that if economic development relies too heavily on real estate and real estate prices continue to rise rapidly and rapidly, it will affect enterprises’ investment, production efficiency and innovation ability, which will affect the steady and healthy development of enterprises. Some studies have found that the rise of house prices has adverse effects on the development of non-real estate enterprises such as cost effect, investment transfer effect and credit effect. Therefore, it is necessary to intensify the regulation and control of house prices, vigorously develop long-term public rental housing and improve the dynamic monitoring mechanism of real estate mortgage, limit the flow of credit funds into the real estate.
Philip Law, Desmond Yuen
Open Journal of Accounting, Volume 7, pp 82-92; doi:10.4236/ojacct.2018.71006