The International journal of digital accounting research -- V. 05, (2005)

Permanent URI for this collectionhttps://hdl.handle.net/10272/1476

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Now showing 1 - 6 of 6

Modeling the subjetivity in the target costing process : an experimental approach based on the fuzzy logic concepts
(Universidad de Huelva, 2005) Dal-Ri, Fernando; Alonso Borba, José; Duarte, César
The target costing process involves an inherent subjectivity due to the fact that most of the utilized information is both imprecise and ambiguous. The objective of this paper is to propose a methodology based on the fuzzy logic concepts to take into consideration the uncertainty and subjectivity inherent in the Target Costing Process. An example utilizing the production of a tennis racquet has been developed in order to illustrate these fuzzy concepts. The software FuzzyTECH® has been utilized to model the fuzzy target costing process. This research shows evidences that fuzzy logic enables a decision-maker to gain additional insights in the relationship between costs components and products.
Empirical evidence concerning smes' corporate websites : explaining factors, strategies and reporting
(Universidad de Huelva, 2005) García-Borbolla Fernández, Amalia; Larrán Jorge, Manuel; López, Rafael
The important role played by Small and Medium-sized Enterprises in any contemporary economy as a motive force for generating employment and wealth is universally acknowledged and therefore this work is based upon a more detailed study concerning the efficiency of SMEs. Therefore by analysing a sample of 816 SMEs, we aim to study the information published on their Websites in order to clarify certain doubts with respect to the type of target users and thus discover the objectives and strategies pursued by publishing a corporate Webpage. Given the low observed percentage of SMEs with a Website (31.74%) we have also studied the factors influencing the propensity of businesses to possess a corporate Website.
A conceptual framework for investigating the impact of the Internet on corporate financial reporting
(Universidad de Huelva, 2005) Zezhong Xiao, Jason; John Jones, Michael; Lymer, Andrew
This paper develops a conceptual framework of the impact of the Internet on corporate financial reporting on the basis of the issues and concerns elicited through an open-ended questionnaire survey of 17 UK-based experts in the Internet/accounting. These experts were drawn from academics, accounting firms, business companies, regulators, and users of accounting information. The diverse views expressed by our experts enable us to construct a four dimensional framework on the nature of change in financial reporting (content, form or both), the role of the Internet (as problem solver, problem creator or both), the determinant of change (technology, non-technology, or both) and the pace of change (little or no change, progressive change and radical change). These dimensions and sub-dimensions are combined to form a ‘perspective surround’ enclosing a conceptual matrix of 81 different possible scenarios. The framework provides a basis for mapping existing and future studies on Internet reporting and constructing scenarios of future Internet-based financial reporting.
New technical and normative challenges for XBRL : multidimensionality in the COREP taxonomy
(Universidad de Huelva, 2005) Boixo, Ignacio; Flores, Francisco
The New Basel Capital Agreement, known as Basel II, requires some notable changes in the systems of measurement and control of risks of credit entities and investment firms. It introduces new concepts and requirements. The systems of risk management to which the Framework or Agreement makes reference can be implemented in various degrees of sophistication. By measuring the different exposures to risk with greater accuracy, a more advanced system offers such firms and entities the prospect of needing less own funds and using increased financial leverage over secure bases. The national Supervisors, in the various central banks, must approve the systems and instruments established. The new reporting tool that is destined to fulfil this function, for the moment in the context of the European Union only, is the COREP-XBRL Taxonomy. This is based on the mark-up language of the business world, the eXtensible Business Reporting Language, and makes use of the concept of Multidimensionality. This concept is being incorporated into the XBRL specification currently in force, since it is necessary for the structure of the new reporting model that is required.
Machine learning and statistical techniques : an application to the prediction of insolvency in Spanish non-life insurance companies
(Universidad de Huelva, 2005) Díaz, Zuleyka; Segovia, María Jesús; Fernández, José
Prediction of insurance companies insolvency has arisen as an important problem in the field of financial research. Most methods applied in the past to tackle this issue are traditional statistical techniques which use financial ratios as explicative variables. However, these variables often do not satisfy statistical assumptions, which complicates the application of the mentioned methods. In this paper, a comparative study of the performance of two non-parametric machine learning techniques (See5 and Rough Set) is carried out. We have applied the two methods to the problem of the prediction of insolvency of Spanish non-life insurance companies, upon the basis of a set of financial ratios. We also compare these methods with three classical and well-known techniques: one of them belonging to the field of Machine Learning (Multilayer Perceptron) and two statistical ones (Linear Discriminant Analysis and Logistic Regression). Results indicate a higher performance of the machine learning techniques. Furthermore, See5 and Rough Set provide easily understandable and interpretable decision models, which shows that these methods can be a useful tool to evaluate insolvency of insurance firms.
An investigation of the integrity of Internet financial reporting
(Universidad de Huelva, 2005) Smith, Barry; Pierce, Aileen
Since the mid 1990s, large companies have increasingly used the Internet to disclose business and financial information. Internet technology is regularly claimed to facilitate greater relevance and timeliness of business information. The integrity of information disclosed on corporate websites has, however, been subject to comparatively little scrutiny. This study focuses on the integrity of Internet Financial Reporting (IFR) by reference to the adequacy of underlying corporate governance procedures. Using a sample of 100 large European companies, a questionnaire survey was used to identify whether or not governance procedures that specifically address the distinguishing features of web-based financial reporting are used by large companies. The results confirm the trend identified in prior research of increasing Internet usage to replicate paper-based financial information. Responses to the questionnaire also suggest that concerns about the integrity of IFR are justified. Erroneous assumptions and assertions by respondents regarding the security of IFR, in addition to knowledge of work undertaken by external auditors indicate limited engagement with IFR by management of large European companies. The conclusion of this study is that the governance framework surrounding IFR has received insufficient managerial attention.

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