428 research outputs found

    Outsourcing: More Harm than Good

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    Outsourcing is a highly effective strategy, widely used in various types of business to gain a competitive edge. The tremendous growth of outsourcing first started in the manufacturing and information technology industries. It has also spread into the accounting industry as well. However, in accounting the major problems and benefits caused by outsourcing are different from those identified in the manufacturing and IT industries. This leads to the question of whether or not outsourcing in accounting would create more advantages than disadvantages. This paper analyzes the question through four steps: (1) how accounting outsourcing is done, (2) which accounting tasks (both private and public) are fit for outsourcing, (3) what are the benefits and challenges of accounting outsourcing, and (4) what are the effects that outsourcing, including accounting outsourcing, have on the U.S economy. The author argues that accounting outsourcing generates more risks and harmful effects than benefits for companies and their stakeholders. Therefore, accounting outsourcing should be discouraged. This research provides a comprehensive view on the topic of outsourcing in accounting, including rewards and problems caused by accounting outsourcing, effects of outsourcing on business stakeholders, effects of outsourcing on the U.S economy, and future outsourcing trends and regulations

    Finance And Accounting Outsourcing: Three Studies Related To The Ethical And Economic Dimensions Of Accounting Outsourcing

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    This dissertation evaluates the economic and ethical considerations underlying the outsourcing of professional services such as finance and accounting. The dissertation is comprised of three separate, but related studies. The first study explores the adequacy of the disclosure rules recommended in the revised ethics rulings regarding disclosure of outsourcing relationships and the resulting ethical and economic repercussions for both, the AICPA members and their clients. The second study analyzes the disclosure rules recommended in the AICPA ethics rulings regarding disclosure of outsourcing relationships from an ethical standpoint. The third study adopts the perspective of the third party service provider. The third study analyzes the factors that provide a competitive advantage to leading service providers in accounting outsourcing markets in India. Taken together, these studies address issues that have not been addressed previously in accounting literature and will advance our understanding of a fast-growing phenomenon, the outsourcing of accounting services. Finance and accounting outsourcing may strongly influence the choice of future organizational form and structure thus making it important to develop an early understanding of this industry

    Accounting outsourcing as a tool for optimising the company’s activities

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    In modern conditions, cost minimisation for business entities is the main condition for existence in the market. One of the tools for such minimisation is outsourcing accounting. In addition to minimising costs, accounting outsourcing ensures the correctness of accounting, provides high-level advice, and protects against possible fines. The purpose of the study was to investigate accounting outsourcing as a tool for optimising the activities of entities in modern business conditions. The study applied methods of induction and deduction, cause-and-effect communication, tabular and graphic methods, description and concretisation, and logical generalisation. A single definition of the concept of accounting outsourcing was developed, which revealed the characteristic features of outsourcing. The SWOT analysis of accounting outsourcing services demonstrated accounting outsourcing as an effective tool for minimising costs. It is determined that all shortcomings and threats can be eliminated with careful selection of an outsourcer and signing a contract. The stages of accounting for accounting outsourcing consist in developing a document flow schedule that would ensure timely receipt of information for the customer and quality control of the services provided. A unified methodology for determining the economic effect of accounting outsourcing is proposed, which considers the disadvantages and advantages of existing methods, which would allow revealing the economic, organisational, and managerial aspects of outsourcing accounting. The main proposals received by the author based on the findings of the study can be used in accounting based on outsourcing. Further study of the problems of outsourcing as a tool for optimising the activities of enterprises in Ukraine should be directed to the development of laws and regulations to encourage companies to make managerial decisions regarding the use of accounting outsourcin

    Accounting outsourcing and audit lag

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    This paper examines the relationship between accounting outsourcing and audit lag. Accounting outsourcing may reduce misstatement risk, reducing the amount of audit effort necessary and thereby decrease audit lag. Alternatively, outsourcing may increase the amount of coordination necessary between the auditor, client management and the outside accounting service provider and thereby increase audit lag

    PENGARUH ACCOUNTING OUTSOURCING DAN TOTAL ASET TERHADAP AUDIT REPORT LAG (ARL) (STUDI PADA PERUSAHAAN YANG MELAKUKAN REKSADANA DAN TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2016)

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    Penelitian ini bertujuan untuk mengetahui bagaimana pengaruh Accounting Outsourcing dan total aset terhadap audit report lag pada perusahaan yang terdaftar di BEI pada tahun 2014-2016.Penelitian ini menggunakan data sekunder dari Bursa Efek Indonesia dengan populasi seluruh perusahaan terdaftar. Metode purposive sampling digunakan dengan sampel yang didapat sebanyak 12 selama 3 tahun pada perusahaan yang melakukan reksadana yang terdaftar di BEI tahun 2014-2016. Analisis data menggunakan analisis deskriptif dan uji normalitas, serta uji asumsi klasik yaitu uji multikolinearitas, uji heteroskedastisitas, dan uji autokorelasi. Pengujian hipotesis dilakukan dengan model regeresi data panel, uji parsial, dan koefisien determinasi.Hasil analisis data menunjukkan bahwa secara koefisien determinasi accounting outsourcing dan total aset berpengaruh terhadap audit report lag. Variabel independen dapat menjelaskan pengaruh terhadap audit report lag sebesar 56,34% sedangkan sisanya sebesar 43,66% dipengaruhi oleh faktor lain yang tidak termasuk dalam penelitian ini. Secara parsial accounting outsourcing tidak memiliki pengaruh signifikan terhadap audit report lag. Sedangkan total aset memiliki pengaruh signifikan terhadap audit report lag. Kata Kunci : Audit Report Lag, Accounting Outsourcing, Total Ase

    Accounting outsourcing as an innovative instrument for achieving economic benefits

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    В статті розглянуто сутність "аутсорсинг", проаналізовано напрямки класифікації атусорсингу, визначено місце бухгалтерського аутсорсингу серед інших видів аутсорсингу, встановлено його основні переваги та недоліки, виділено етапи та обґрунтовано критерії вибору аутсорсера на ринку аутсорсингових послуг з точки зору їх якості та ефективності. Запропоновано підприємству-споживачу аутсорсингових послуг орієнтуватись на кількісних метода оцінки, таких як економічний ефект, що полягає в економії витрат при веденні обліку аутсорсером порівняно із веденням обліку штатом бухгалтерів. Обґрунтовано, окрім кількісних, використовувати й якісні методи оцінки ефективності бухгалтерського аутсорсингу, що виражено в запропонованому алгоритмі відбору майбутнього партнера по аутсорсингу.The paper considers outsourcing of bookkeeping. Definition of outsourcing is stated and directions of classification are analyzed. The place of accounting outsourcing among other types of outsourcing, its main advantages and disadvantages, stages are outlined. The criteria for choosing an outsourcer in appropriate market taking into account the quality and efficiency have been justified. The enterprise-consumer of outsourcing services is offered to be guided by quantitative method of estimation such as calculating of the economic effect, which consists in saving costs when accounting is performed by outsourcer in comparison with keeping records by state of accountants. Algorithm for selecting a future accounting outsourcing partner including qualitative methods for evaluating the service efficiency has been proposed

    Класифікація бухгалтерського аутсорсингу та доцільність його застосування в Україні

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    The research has revealed that a problem of insufficient development of outsourcing in Ukraine exists, although a significant potential for its development may allow significant increasing of competitiveness of business entities. In course of the research the content of outsourcing services and organizational principles of accounting outsourcing are defined. The conceptual apparatus of accounting outsourcing is identified. The advantages of using the services of outsourcing are given, which allows providing quality accounting services, reducing the cost of maintaining the internal accounting staff, high qualification and competence of the outsourcer as a worker of an outsource company are pointed out. Various types of accounting outsourcing services are defined. The distinguishing features of accounting outsourcing processes, phenomena and characteristics are described, some options for an outsourcing company with enterprise-customer of accounting outsourcing are generalized. The expediency of application of accounting outsourcing in the activities of small and medium enterprises is clarified. The combined accounting of the enterprise by internal accounting staff and outsourced accountants in activities of large enterprises is substantiated. The assessment of economic efficiency is determined as the most effective method of substantiation of expediency of application outsourcing. A formula for quantifying the size and selection forms of organization and accounting is presented as well. The list of quality methods for evaluating the effectiveness of accounting outsourcing is given. The factors that should be taken into account during the search and choice of a thorough and reliable outsourcing company are identified. The influence of factors to be considered when searching for and choosing a conscientious and reliable outsourcer is assessed. Assembly is recommended terms of reference with pre-formed selection criteria. The importance of taking into account when choosing an outsourcing company option in dealing with accounting outsourcing – standard or extended is established; the main provisions, advantages and disadvantages of each are described. The main trends of development of accounting outsourcing in Ukraine and prospects of its development, which are associated with the need to take appropriate legislative and regulatory documents, are outlined.Виявлено проблему недостатнього рівня розвитку аутсорсингу в Україні, проте відзначено наявність значного потенціалу для забезпечення цього процесу. З'ясовано сутність та мету бухгалтерського аутсорсингу. Розглянуто основні засади організації бухгалтерського обліку на умовах аутсорсингу. Встановлено наявність істотних переваг користування послугами аутсорсингової компанії порівняно з веденням бухгалтерського обліку внутрішньою бухгалтерською службою підприємства. Наведено перелік послуг, що надаються аутсорсинговими компаніями. Узагальнено класифікацію бухгалтерського аутсорсингу за такими ознаками, як: тривалість надання, обсяг переданих ділянок обліку, спосіб співпраці між аутсорсинговою компанією та підприємством-замовником послуг, територіальне розміщення, обсяг виконаної аутсорсинговою компанією роботи. Охарактеризовано класифікацію процесів, явищ та характеристик, що пов'язані з бухгалтерським аутсорсингом. Виявлено необхідність ретельного обґрунтування доцільності аутсорсингу на етапі прийняття рішення про його застосування. Обґрунтовано доцільність використання бухгалтерського аутсорсингу для малих та середніх підприємств. Проаналізовано можливість розподілу облікових функцій між аутсорсинговою компанією та штатними бухгалтерами через спільний доступ до бухгалтерських програм для великих підприємств. Обґрунтовано доцільність застосування моделі розрахунку економічного ефекту від упровадження бухгалтерського аутсорсингу, наведено порядок його кількісного розрахунку та визначення альтернативного варіанта організації і ведення бухгалтерського обліку. Визначено вплив якісних методів оцінювання ефективності бухгалтерського аутсорсингу. Наведено чинники, які є визначальними у прийнятті рішення щодо доцільності бухгалтерського аутсорсингу. Проаналізовано вибір підприємством повного або часткового аутсорсингу. Рекомендовано пошук і вибір аутсорсингової компанії здійснювати з урахуванням проведеного аналізу ринку. Визначено доцільність складання технічного завдання, де відображаються основні критерії відбору, та врахування стандартного чи розширеного варіанта ведення бухгалтерського аутсорсингу. Відзначено перспективи розвитку вітчизняного бухгалтерського аутсорсингу, які пов'язані з удосконаленням нормативно-правового регулювання цього процесу

    ACCOUNTING OUTSOURCING IN MODERN CONDITIONS OF RUSSIAN ECONOMY

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    The article analized the features of accounting outsourcing in organizations, the positive and negative sides of transition of Russian companies to this type of accounting

    ACCOUNTING OUTSOURCING IN MODERN CONDITIONS OF RUSSIAN ECONOMY

    Get PDF
    The article analized the features of accounting outsourcing in organizations, the positive and negative sides of transition of Russian companies to this type of accounting
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