A Financial Analysis of Mobile Money Services

With limited reporting by mobile network operators (“MNOs”) on the financial performance of mobile money businesses, the paper develops a financial reporting framework to indentify (and quantify) operating costs associated with delivering mobile financial services to unbanked populations in emerging markets. The framework is based on a review of relevant literature and an analysis of the financial reporting of conventional money transfer businesses.Mobile money, M-PESA, financial analysis, mobile operators.

Financial Reporting – from Responsibilities to the Quality Assurance Systems

Particularities of the financial reporting exigencies suppose realistic approaches which are under the sign of at least two targets: on the one hand the correct understanding of the role of a relevant and reliable financial reporting and of the accountability for financial statements preparing and presenting, and on the other hand the increase in the users interest in the quality of the financial information provided by the financial reporting. There is a specific inter-relationship between the two categories of factors which should impose for the possible lacks in the process of preparing the financial statements to be identified during the qualified reviews and of other forms of quality assurance of the accounting information quality so that when this becomes public, when reaching the users, to answer to their demands. Being aware of the existence of a national creativity area in the process of assimilating the European norms and the international standards in the area, the current study intends to point out the main benchmarks for the financial reporting exigencies.financial reporting, conformity, financial statements, quality assurance systems, financial reporting users.

Financial Reporting? - ICorporate Reporting Revisited

There is an acute and growing awareness across the international investment community that annual reports and accounts currently provided too much emphasise on accounting profit - financial data, and that they are typically out of date before they are released. This is in a large part due to the regulatory environment with which companies must comply, as well as reflecting a tradition of market communication which avoids detail on how business value is created and sustained, concentrating instead on 'hard' financial data.

Interim Financial Reporting in the Perspective of harmonization of the Romanian Accountancy with the International Financial Reporting Standards

The main objective of the interim financial reporting is to present, timely and regularly, information concerning the enterprise’s capacity to generate earnings and cash flows and its financial position and liquidity. International Accounting Standard 34 “Interim Financial Reporting” concerns the financial statements for an interim period. According to IAS 34, the interim financial report includes a complete or condensed set of financial statements, elaborated for a shorter period than a full financial year. The accounting policies for recognition and measurement should be applied in the same way as they are applied in the annual financial statements. However, the preparation of the interim reports requires a greater use of estimation methods; the measurement procedures should be designed to ensure the correctness of all the resulting information provided to the users.interim financial reporting, interim report, interim period, recognition, measurement

The Need for the Adoption of International Financial Reporting Standards: Some Explanations For the Pace of Implementation

Whilst the impact of globalisation and harmonisation is currently being witnessed around the globe, and the need to embrace the adoption of International Financial Reporting Standards (IFRSs) is becoming increasingly evident, certain jurisdictions have been much quicker in their embrace, adoption and adaptation of International Financial Reporting Standards, than others. As well as highlighting the need for the adoption of International Financial Reporting Standards, this paper also aims to provide an explanation for the pace of response in the adoption and adaptation of IFRSs in selected jurisdictions. It does so partly through a consideration of the impact of accounting and finance theories which have impacted the standard setting systems of certain jurisdictions

An Introduction to International Financial Reporting Standards

In this article an exposure is given on the basics of International Financial Reporting Standards (IFRS).International Financial Reporting Standards, IASB, IASC, IAS

FINANCIAL REPORTING IN THE LODGING INDUSTRY FROM THE SEGMENT REPORTING ASPECT

Quality of accounting reporting system reflects the accomplisheddevelopment stage of the accounting information system and its ability to satisfydifferent external and internal accounting information needs. One of the mostimportant sources of information about the efficiency of any business subject isfinancial statements. The paper considers the financial statements reportingrequirements for the Lodging Industry, which are set in (beside of the IASB and theFASB regulation) Uniform System of Accounts for the Lodging Industry (USALI).The aim of this paper is to disclose possibilities of Segment Reporting in the LodgingIndustry enterprises to demonstrate the true and fair view of theirs financialsituation. For business transparency, the most important accounting information arebased on segment reporting standards. Enterprises in the Lodging Industry to satisfyexternal and internal users needs have to set up theirs financial statements accordingto requirements of IAS 14 and SFAS 131. Furthermore, USALI methodology has to beadjusted to the real organizational structure and real information requirements ofparticular company.the lodging industry, IAS

IFRS 7 Financial Instruments: Disclosures - A Closer Look

The International Accounting Standards Board issued the International Financial Reporting Standard 7, Financial Instruments: Disclosures. The objective of IFRS 7 is to provide more transparency to financial statement users on an entity’s exposure to risks and how those risks are managed. An entity must group its financial instruments into classes of similar instruments and, when disclosures are required, make disclosures by class. This article presents a closer look of the standard (objective, scope, and disclosures).International Financial Reporting Standard; Financial Instruments; Credit Risk; Liquidity Risk; Market Risk; IFRS 7; IASB