Cover
Title
Copyright
About the author
About the book
This eBook can be cited
Table of Contents
List of Abbreviations
Introduction
The Role of Accounting in Different Businesses
Why Do We Need an Accounting System?
Role of Accounting for Project-Based Companies
Construction Accounting
Details of the Project-Based Accounting
Reporting for the Management
Role of Accounting for Product-Based Companies
Role of Management Accountants in Cost Handling for NPD (New Product Development)
Target Costing Method
Other Cost Management Techniques
Activity Based Costing
Parallel Costing Methods
Application of Modularity in Cost Management
Role of Management Accounting in New Product Development Strategies
Managing Uncertainty and Implementing Strategies in the Company
Role of Accounting in Different Sectors
Conclusion
Financial Reporting
Classification of the Users and the Accountant’s Role
Reporting Methodology for the Internal Users
Cash Flow-Based Statements
Reporting Methodology for the External Users
Accounting Standards’ Requirement for the External Users
Income Statements
Accrual and Historic Cost Convention in Accounting
Balance Sheets
Financial Reporting from Economic Aspect
Practical Examples Related to the Financial Reporting
Conclusion
Financial Stability
Introduction
Financial Crisis
The Credit Crisis of 1772
The Great Depression of 1929–39
The OPEC Oil Price Shock of 1973
The Asian Crisis of 1997
The Financial Crisis 2007–08
Financial Instability and Its Sources
Macroeconomic Sources of Vulnerability
Instability
Inflation
Liberalization
Design Failure of Macroeconomic Policies.
Features of Financial Stability
Key Principles of Defining Financial Stability
Definition of Financial System Stability
Practical Impact of Financial Stability
Developmental Policies of Financial Stability
Public Policy and Financial Stability
Preventive Measures
Law
Official Agencies and Their Rules and Regulations
Market Conventions
Official Information Supply
Physical Infrastructure and Financial Framework
Remedial Measures
Liquidity Support
Solvency Support
Conclusion
Role of Accounting in Financial Stability
Introduction
Criteria for Accounting Standards to Maintain Financial Stability
Criterion 1: Dependency on Principle Based Accounting Standards
Criterion 2: Usage of Reliable and Relevant Figures
Criterion 3: Analysis of Allocation and Magnitude of Risks
Criterion 4: Comparable Financial Statements
Criterion 5: Presentation of Clear and Understandable Financial Statements
Criterion 6: Analysis of Financial Situation of Banks
Criterion 7: Adaptive Accounting Rules and Sound Risk Management
Risk Management System
Criterion 8: Predictive Analysis of Risks
Financial Bubbles
Criterion 9: Evasion from Negative and Encouragement of Positive Externalities
Accounting and Audits
IFRS Accounting Standards and Financial Stability
IFRS Accounting Standards and Financial Stability
Financial Stability and IFRS
Financial Stability and IFRS 17
Financial Stability and Prudential Regulators
Financial Stability and International Organizations
Financial Stability Board (FSB)
Examples relevant to Financial Stability
Conclusion
Bankruptcy and Insolvency
Bankruptcy
Insolvency
Examples of Insolvency
Act of Insolvency
Offer of Settlement
Inability to Pay the Debts in Written Form
Evading from Debt Payment
Unable to Satisfy a judgment
Benefiting One Creditor over Others
Not Proceeding with Sequestration after Notice is Published
Sale of Your Business
Hiding Assets
Factors Leading to Insolvency
Bankruptcy Vs Insolvency
Types of Bankruptcy
Chapter 7
Chapter 13
Chapter 11
Chapter 12
Eligibility for Bankruptcy
Chapter 7 (Liquidation Bankruptcy) Vs Chapter 13 (Reorganization Bankruptcy)
Advantages and Disadvantages of Bankruptcy
Effect of Bankruptcy on Investors
History of Bankruptcy
In Ancient World
Roman Law of Bankruptcy
Lex Poetelia Papiria
Late Republic and Early Empire Laws
Using Property of Debtor for Repayment of Debts
Portion of Debtor’s Property
Whole of Debtor’s Property
Justinian’s Legislature
Bankruptcy in Middle Ages
Origin and Evolution of Bankruptcy
Conclusion
Accounting for the Sustainable Development
Definition and Description of Sustainable Development
UN 2030 Agenda for Sustainable Development
Sustainable Economic Development
Role of Accounting in Sustainable Development
Sustainable Reporting
Role and Responsibilities of Accounting Profession in Sustainable Development
Quality Education
Gender Equality
Decency in Work Patterns and Economic Growth
Other Sustainable Development Goals Associated with the Accounting
SGD 9 Industry, Innovation, and Infrastructure
Practical Examples Related to the Sustainable Development
Conclusion
Modern Technology and Accounting
Introduction
Accounting and Information Technology
Information Technology
Impact of Information Technology on Accounting
Advantages of Computerized Accounting System
Improved Functionality
Improved Accuracy
Faster Processing
Improved Reporting
Modern Tools in Accounting
E-Business, Intranet and Internet
Data Life Cycle
Cloud Computing
Software Solutions
Enterprise Resource Planning (ERP)
Role of ERP in Accounting
Customer Relationship Management (CRM)
CRM for Accounting
Artificial Intelligence (AI) and Machine Learning (ML)
AI for Auditing and Assurance
Artificial Intelligence Application in other Sub-Domains of Accounting
Practical Examples Related to the Use of Modern Tools in Accounting
Conclusion
Conclusion
References
Appendix
Lists
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©2023, Monographs, 232 Pages
Law, Economics & Management
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