Forensic accountants are responsible for fighting financial malpractices and fraud in organizatio... more Forensic accountants are responsible for fighting financial malpractices and fraud in organizations and businesses. They are also responsible for ensuring that courts have sufficient and relevant information that can be used as evidence of criminal activity regarding finances (Akinbowale, et al., 2020, p. 1256). Financial accounting applications are made successful through engagement in duties such as financial data analysis, preparation of reports, and testing the results before courts. Investigation involves examination of record books to determine if a financial criminal activity has occurred. Through these investigations, forensic accountants find and discover fraud and malpractices thus bringing the culprits to books. The reports filed act as evidence in courts.
Journal of Business, Economics and Finance, Jul 30, 2022
Purpose-The background of this study is that there is a strong competition in the globalized worl... more Purpose-The background of this study is that there is a strong competition in the globalized world. It can be accepted that today's business competition is much more severe than that of decades ago. The severity of commerce pressures companies to find routes to, first of all, stay alive, and secondly, expand principle financial and commercial parameters such as profitability, rate of return, liquidity, sales volume, market share, etc. Since the prices are dominated in the free market conditions, there are no so many aisles for the companies to focus on for getting ahead other than controlling costs. The usage of different techniques in managerial accounting can open unexpected or unimagined alternative precedence against the competitors on the way of new product development strategies.The purpose of this study is to demonstrate that cost accounting applications and management methodologies are to alter the systems of organizations especially for the team that is in charged with product development to concentrate higher focus on costs and secondly on cost control. This paper is trying to reveal that how and at which level the managerial accounting applications and results influence the direction of new product development strategies. Methodology-The study employs a review analysis. A literature review has been utilized to structure the facts and necessities for determining the results, thoughts, or approaches of previous authors related with the subject matter. The paper, also, observes and clarifies the existing systems, practices, and obstacles on the managerial accounting's roll on the way of new product development strategy. The nature of this study is exploratory and conceptual and during the preparation of this paper qualitative analysis techniques are utilized to conclude the study on the topic of this paper provided. Following are the review questions that have been addressed in this research: RQ1: On which points are the main discussions accumulated on defining the function of managerial accounting for product development strategies.RQ2: Which strengths and weaknesses are identified while determining the function of managerial accounting for product development strategies?RQ3: Which are the necessary courses or practical solutions to expand the strengths and eliminate or mitigate the weaknesses on the usage of the functions of managerial accounting for product development strategies? Findings-The analysis reveals that the accounting aspect and management of the finances has their specific roles and demonstrations at each level of the phases and affects the practicality of each member including accounting, senior management, finance, product strategy team, engineering and technician team, and in the product systems by target establishing committee and strategy. The analysis also shows that the new product development processes in companies requires team works together with involvement the extensive coordination and exchange of thoughts among the diversified and different functional bodies for considering and concluding cost structures and establishing pricing for new developed products. Conclusion-Based upon the analysis and findings, it may be concluded that throughout the detailed literature review studies on companies' working procedures and business models, one thing has been clearly observed that company have very well acknowledged that the engineering studies alone are not able to provide whole alternatives for new product development strategies for, first, the financial growth and, the second, sustainability. The considered process should have strongly settled alternatives linked to the managerial accounting. The principal reason of providing significance to managerial accounting is the severe competition in the markets requires financial affordability more than the engineering excellence. The cost and price control strategy proposed by the managerial accountants establish the target achieving of new products and their success excellency in the competitive markets. A case study is also attached to this paper to exhibit the function of the managerial accountant as the supporting the new product development strategy.
The Internal Auditing & Risk Management is a quarterly peer-reviewed journal started in 2006 by A... more The Internal Auditing & Risk Management is a quarterly peer-reviewed journal started in 2006 by Athenaeum University and The Center of Excellence in Financial Management and Internal Audit and publishes original high-quality papers in the field of management and auditing.
The purpose of this study was to show an appropriately stratified and matched sample of public co... more The purpose of this study was to show an appropriately stratified and matched sample of public companies from Albania and Bulgaria and to (1) determine whether, , the adoption of fair value accounting (FVA) was associated with improved company performance as measured by four common financial ratios: return on assets (ROA), return on equity (ROE), quick ratio, and debt to equity ratio and (2) test investor enthusiasm about the use of fair value accounting as an intermediate variable. Statistical testing revealed that variation in FVA adoption was not associated with variation in ROA, ROE, quick ratio, and debt to equity ratio performance, and that investors were rarely aware of the use of FVA. The conclusion was that FVA use has not yet been factored into investment decisions made in Albania and Bulgaria.
This article documents the direct relation between the internal auditing reports that are reveale... more This article documents the direct relation between the internal auditing reports that are revealed to the investors with facts of fraud in an entity and investor confidence for investing such companies. The contents of the internal auditing reports, which have been prepared specifically in response to the fraud signal in a company, provide evidence that there is a considerable correlation. This paper argues that the observed correlation fluctuates depending on the contents, independence, and objectivity of an internal auditing report. The strength of the established correlation varies according to the provided confidence to investors. With the said confidence, the investors decide to retain their investments in a company, to invest new funds in a company, not to invest any funds, or to withdraw invested funds from a company. The flow of the preferences of investment fund experts is affected: (i) If the internal auditing process and report is concluded by experienced auditors; (ii) I...
The purpose of this quantitative study was to examine the links between IFRS adoption status, mer... more The purpose of this quantitative study was to examine the links between IFRS adoption status, mergers tempo, and perception of IFRS costs and benefits among Indian and Chinese companies. As more capital accrues in India and China, more cross-border mergers activity initiated from these countries should be expected. This paper is trying to extant a research to observe the results related the adaption of IFRS in India and China. During the analyses around 2 authors‘ books were related to this paper. During the study it was focused to collect information observation through published academic books and articles. Some questions raised by the increased tempo of cross-border mergers activity are as follows: (a) What are the differences between Indian and Chinese companies‘ perceptions of IFRS costs and benefits? (b) What are the differences between IFRS adopters and IFRS non-adopters in perceptions of IFRS costs and benefits? This study identified some significant differences between Indi...
Objectives: The purpose of this article was to review the historical evolution of accounting in t... more Objectives: The purpose of this article was to review the historical evolution of accounting in the late Ottoman Empire and the modern Republic of Turkey. Prior Work: This paper is trying to extant a research to observe the historical development of accounting practices in Turkey. During the analyses around 2 authors’ books were related to this paper. Approach: During the study it was focused to collect information observation through published academic books and articles. Results: The empirical studies, evidence or experiences presented in the part of conclusion that the accounting system of Turkey have had a considerable development since the establishment of the Republic of Turkey (1923). Implications: An overview of Turkish and global sources suggested the importance of the following themes: (a) immature capitalism and a strongly hierarchical monarchy in the Ottoman Empire retarded the development of modern accounting; and (b) maturing capital and integration with the global mar...
Bu calismanin amaci, (1) Arnavutluk ve Bulgaristan'da, gercege uygun deger muhasebesi'nin... more Bu calismanin amaci, (1) Arnavutluk ve Bulgaristan'da, gercege uygun deger muhasebesi'nin (FVA) degisik katmandaki sirketlerde benimsenmesi ve kamu sirketlerinin performanslarina etkisinin oldugunu uygun sekilde eslestirilmis orneklerle ve su finansal oranlarla gozlemlemek: Aktif getirisi orani (ROA), ozkaynak getirisi orani (ROE), likidite orani ve ozsermaye orani. (2) Bir ara degisken olarak yatiriminin gercege uygun deger muhasebesinin kullanimina istekliligini test etmek. Istatistiksel testler gercege uygun muhasebenin adaptasyonu sureceinde ortaya cikan degiskenliklerin, Aktif getirisi orani (ROA), ozkaynak getirisi orani (ROE), likidite orani, ozsermaye oranidaki performans degiskenliklerle ilgisi olmadigini gostermektedir. Sonuc olarak gercege uygun muhasebenin Arnavutluk ve Bulgaristan'da kullanimi yatirim kararlarinin alinmasinda henuz etkin degildir.
Objectives: The purpose of this study has been to (a) measure the growth of exports for five of t... more Objectives: The purpose of this study has been to (a) measure the growth of exports for five of the six core EU founders (Belgium, France, Italy, Luxembourg, and the Netherlands) and (b) relate the adoption of accounting harmonization standards to this growth. Prior Work: This paper is trying to extant a research to observe the historical development of European Accounting Harmonization practices. During the analyses around 2 authors’ books were related to this paper. Approach: During the study it was focused to collect information observation through published academic books and articles. The analysis presented in this paper, supported by independent samples t-tests, seemed to rule out the idea that accounting harmonization was constantly designed as a response to stagnation in intra-European trade; the opposite effect was observed. Results: The empirical studies, evidence or experiences presented in the part of conclusion that the European Accounting Harmonization process have had...
Even though different types of accounting evaluation approaches have been discussed in this artic... more Even though different types of accounting evaluation approaches have been discussed in this article, mainly the income-based approach to business evaluation, asset-based approach to business evaluation and practical case evaluation have been analyzed. This article presents the principles of assessment of accounting items as active, external sources and equity and how financial performance is reflected. An important detail in this part of the project is the method of approach in assessing the direct reference to the main base for determining the elements of external sources and equity. In this analysis I have left the rules in the International Accounting Standard Board (IASBF) Framework, which provides tax assessment: historical cost, current cost, realizable value (settlement) and the present value as far as external sources are concerned such as stocks, bonds, and others. Fair value should be added as the basis for evaluation, even if not expressly provided for the general, is often used to IFRS as a basis for evaluating several external sources. I believe that this assessment is not at a crossroads about the theoretical and practical evaluation of most elements of external sources at fair value, including all sources from ordinary activities, which are recognized in the accounts at fair value.
Forensic accountants are responsible for fighting financial malpractices and fraud in organizatio... more Forensic accountants are responsible for fighting financial malpractices and fraud in organizations and businesses. They are also responsible for ensuring that courts have sufficient and relevant information that can be used as evidence of criminal activity regarding finances (Akinbowale, et al., 2020, p. 1256). Financial accounting applications are made successful through engagement in duties such as financial data analysis, preparation of reports, and testing the results before courts. Investigation involves examination of record books to determine if a financial criminal activity has occurred. Through these investigations, forensic accountants find and discover fraud and malpractices thus bringing the culprits to books. The reports filed act as evidence in courts.
Journal of Business, Economics and Finance, Jul 30, 2022
Purpose-The background of this study is that there is a strong competition in the globalized worl... more Purpose-The background of this study is that there is a strong competition in the globalized world. It can be accepted that today's business competition is much more severe than that of decades ago. The severity of commerce pressures companies to find routes to, first of all, stay alive, and secondly, expand principle financial and commercial parameters such as profitability, rate of return, liquidity, sales volume, market share, etc. Since the prices are dominated in the free market conditions, there are no so many aisles for the companies to focus on for getting ahead other than controlling costs. The usage of different techniques in managerial accounting can open unexpected or unimagined alternative precedence against the competitors on the way of new product development strategies.The purpose of this study is to demonstrate that cost accounting applications and management methodologies are to alter the systems of organizations especially for the team that is in charged with product development to concentrate higher focus on costs and secondly on cost control. This paper is trying to reveal that how and at which level the managerial accounting applications and results influence the direction of new product development strategies. Methodology-The study employs a review analysis. A literature review has been utilized to structure the facts and necessities for determining the results, thoughts, or approaches of previous authors related with the subject matter. The paper, also, observes and clarifies the existing systems, practices, and obstacles on the managerial accounting's roll on the way of new product development strategy. The nature of this study is exploratory and conceptual and during the preparation of this paper qualitative analysis techniques are utilized to conclude the study on the topic of this paper provided. Following are the review questions that have been addressed in this research: RQ1: On which points are the main discussions accumulated on defining the function of managerial accounting for product development strategies.RQ2: Which strengths and weaknesses are identified while determining the function of managerial accounting for product development strategies?RQ3: Which are the necessary courses or practical solutions to expand the strengths and eliminate or mitigate the weaknesses on the usage of the functions of managerial accounting for product development strategies? Findings-The analysis reveals that the accounting aspect and management of the finances has their specific roles and demonstrations at each level of the phases and affects the practicality of each member including accounting, senior management, finance, product strategy team, engineering and technician team, and in the product systems by target establishing committee and strategy. The analysis also shows that the new product development processes in companies requires team works together with involvement the extensive coordination and exchange of thoughts among the diversified and different functional bodies for considering and concluding cost structures and establishing pricing for new developed products. Conclusion-Based upon the analysis and findings, it may be concluded that throughout the detailed literature review studies on companies' working procedures and business models, one thing has been clearly observed that company have very well acknowledged that the engineering studies alone are not able to provide whole alternatives for new product development strategies for, first, the financial growth and, the second, sustainability. The considered process should have strongly settled alternatives linked to the managerial accounting. The principal reason of providing significance to managerial accounting is the severe competition in the markets requires financial affordability more than the engineering excellence. The cost and price control strategy proposed by the managerial accountants establish the target achieving of new products and their success excellency in the competitive markets. A case study is also attached to this paper to exhibit the function of the managerial accountant as the supporting the new product development strategy.
The Internal Auditing & Risk Management is a quarterly peer-reviewed journal started in 2006 by A... more The Internal Auditing & Risk Management is a quarterly peer-reviewed journal started in 2006 by Athenaeum University and The Center of Excellence in Financial Management and Internal Audit and publishes original high-quality papers in the field of management and auditing.
The purpose of this study was to show an appropriately stratified and matched sample of public co... more The purpose of this study was to show an appropriately stratified and matched sample of public companies from Albania and Bulgaria and to (1) determine whether, , the adoption of fair value accounting (FVA) was associated with improved company performance as measured by four common financial ratios: return on assets (ROA), return on equity (ROE), quick ratio, and debt to equity ratio and (2) test investor enthusiasm about the use of fair value accounting as an intermediate variable. Statistical testing revealed that variation in FVA adoption was not associated with variation in ROA, ROE, quick ratio, and debt to equity ratio performance, and that investors were rarely aware of the use of FVA. The conclusion was that FVA use has not yet been factored into investment decisions made in Albania and Bulgaria.
This article documents the direct relation between the internal auditing reports that are reveale... more This article documents the direct relation between the internal auditing reports that are revealed to the investors with facts of fraud in an entity and investor confidence for investing such companies. The contents of the internal auditing reports, which have been prepared specifically in response to the fraud signal in a company, provide evidence that there is a considerable correlation. This paper argues that the observed correlation fluctuates depending on the contents, independence, and objectivity of an internal auditing report. The strength of the established correlation varies according to the provided confidence to investors. With the said confidence, the investors decide to retain their investments in a company, to invest new funds in a company, not to invest any funds, or to withdraw invested funds from a company. The flow of the preferences of investment fund experts is affected: (i) If the internal auditing process and report is concluded by experienced auditors; (ii) I...
The purpose of this quantitative study was to examine the links between IFRS adoption status, mer... more The purpose of this quantitative study was to examine the links between IFRS adoption status, mergers tempo, and perception of IFRS costs and benefits among Indian and Chinese companies. As more capital accrues in India and China, more cross-border mergers activity initiated from these countries should be expected. This paper is trying to extant a research to observe the results related the adaption of IFRS in India and China. During the analyses around 2 authors‘ books were related to this paper. During the study it was focused to collect information observation through published academic books and articles. Some questions raised by the increased tempo of cross-border mergers activity are as follows: (a) What are the differences between Indian and Chinese companies‘ perceptions of IFRS costs and benefits? (b) What are the differences between IFRS adopters and IFRS non-adopters in perceptions of IFRS costs and benefits? This study identified some significant differences between Indi...
Objectives: The purpose of this article was to review the historical evolution of accounting in t... more Objectives: The purpose of this article was to review the historical evolution of accounting in the late Ottoman Empire and the modern Republic of Turkey. Prior Work: This paper is trying to extant a research to observe the historical development of accounting practices in Turkey. During the analyses around 2 authors’ books were related to this paper. Approach: During the study it was focused to collect information observation through published academic books and articles. Results: The empirical studies, evidence or experiences presented in the part of conclusion that the accounting system of Turkey have had a considerable development since the establishment of the Republic of Turkey (1923). Implications: An overview of Turkish and global sources suggested the importance of the following themes: (a) immature capitalism and a strongly hierarchical monarchy in the Ottoman Empire retarded the development of modern accounting; and (b) maturing capital and integration with the global mar...
Bu calismanin amaci, (1) Arnavutluk ve Bulgaristan'da, gercege uygun deger muhasebesi'nin... more Bu calismanin amaci, (1) Arnavutluk ve Bulgaristan'da, gercege uygun deger muhasebesi'nin (FVA) degisik katmandaki sirketlerde benimsenmesi ve kamu sirketlerinin performanslarina etkisinin oldugunu uygun sekilde eslestirilmis orneklerle ve su finansal oranlarla gozlemlemek: Aktif getirisi orani (ROA), ozkaynak getirisi orani (ROE), likidite orani ve ozsermaye orani. (2) Bir ara degisken olarak yatiriminin gercege uygun deger muhasebesinin kullanimina istekliligini test etmek. Istatistiksel testler gercege uygun muhasebenin adaptasyonu sureceinde ortaya cikan degiskenliklerin, Aktif getirisi orani (ROA), ozkaynak getirisi orani (ROE), likidite orani, ozsermaye oranidaki performans degiskenliklerle ilgisi olmadigini gostermektedir. Sonuc olarak gercege uygun muhasebenin Arnavutluk ve Bulgaristan'da kullanimi yatirim kararlarinin alinmasinda henuz etkin degildir.
Objectives: The purpose of this study has been to (a) measure the growth of exports for five of t... more Objectives: The purpose of this study has been to (a) measure the growth of exports for five of the six core EU founders (Belgium, France, Italy, Luxembourg, and the Netherlands) and (b) relate the adoption of accounting harmonization standards to this growth. Prior Work: This paper is trying to extant a research to observe the historical development of European Accounting Harmonization practices. During the analyses around 2 authors’ books were related to this paper. Approach: During the study it was focused to collect information observation through published academic books and articles. The analysis presented in this paper, supported by independent samples t-tests, seemed to rule out the idea that accounting harmonization was constantly designed as a response to stagnation in intra-European trade; the opposite effect was observed. Results: The empirical studies, evidence or experiences presented in the part of conclusion that the European Accounting Harmonization process have had...
Even though different types of accounting evaluation approaches have been discussed in this artic... more Even though different types of accounting evaluation approaches have been discussed in this article, mainly the income-based approach to business evaluation, asset-based approach to business evaluation and practical case evaluation have been analyzed. This article presents the principles of assessment of accounting items as active, external sources and equity and how financial performance is reflected. An important detail in this part of the project is the method of approach in assessing the direct reference to the main base for determining the elements of external sources and equity. In this analysis I have left the rules in the International Accounting Standard Board (IASBF) Framework, which provides tax assessment: historical cost, current cost, realizable value (settlement) and the present value as far as external sources are concerned such as stocks, bonds, and others. Fair value should be added as the basis for evaluation, even if not expressly provided for the general, is often used to IFRS as a basis for evaluating several external sources. I believe that this assessment is not at a crossroads about the theoretical and practical evaluation of most elements of external sources at fair value, including all sources from ordinary activities, which are recognized in the accounts at fair value.
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