Determination of financial performance measurement indicators and accounting system capabilities for financial accountability in Tehran Municipality
MOZHGAN
MOHARRAMI
Ph.D. Student of Accounting, Allameh Tabataba'i University, Tehran, Iran
author
jafar
babajani
Profesoor of accounting ,Accounting & Management Faculty,Allameh Tabatabaie university
author
text
article
2017
per
The purpose of this study was to determine financial performance measurement indicators, assess the adequacy and capability of existing indicators, and evaluate the capabilities of the accounting system to fulfill the financial responsibility of Tehran Municipality. In order to, theoretical fundamentals and the literature related to the assessment of the performance of municipalities in developed countries and relevant laws and regulations were first studied; then the indicators for this type of evaluation were determined and agreed through the use of the Fuzzy Delphi methodology and expert opinion polls. Subsequently, the "confirmatory factor analysis" test was used to determine the factor load of each component’s indicators. Additionally, the adequacy and capability of performance measurement indicators in Tehran Municipality were assessed in order to fulfill the responsibility of financial accountability by comparing the indicators of performance evaluation with the consensus indicators in a specialized community. Finally, the accounting system capabilities of Tehran Municipality were evaluated to provide the information needed. The results of the study showed that out of 50 indicators of financial performance evaluation derived from theoretical fundamentals and researches, the Delphi group obtained 41 general consensus indicators, but only 26 indicators were sufficiently important by doing a confirmatory factor analysis. On the other hand, the results of the research showed that the indicators of financial performance evaluation in Tehran's municipality are identical to half of the consensus indicators. However, the Municipality's accounting system provides a considerable part of the actual necessary information of the entity's financial performance measurement system.
Empirical Studies in Financial Accounting
Allameh Tabataba’i University
2821-0166
14
v.
55
no.
2017
1
30
https://qjma.atu.ac.ir/article_8467_9883b70fc911a4ffb9a77b3bdd7c0f88.pdf
dx.doi.org/10.22054/qjma.2018.28756.1738
Internal Audit Quality Improvement Strategies
Mohammad Reza
Nikbakht
Accounting, faculty of management, university of Tehran, Tehran, Iran.
author
Zabihollah
Rezaee
Professor of accounting, School of Accountancy , university of Memphis, Memphis,USA.
author
Vahid
Mennati
accounting,faculty of management, university of Tehran, Tehran, Iran
author
text
article
2017
per
The modern internal auditing has recently been considered in Iran. Therefore, many of its aspects, including internal audit quality(IAQ) and Internal audit quality improvement strategies(IAQIS), have not been clarified yet. Also, limited areas of IAQ have been considered in previous research. In order to explain and describe the various aspects of IAQ and IAQIS, we have interviewed internal audit stakeholders. So, by using the qualitative approach and grounded theory, internal audit stakeholders (user, executive, regulators and standard setter) were studied for the first time in Iran. In this regard, 33 people were interviewed from late 2016 to early 2017. In addition, in this regard, 30 papers and seminars which published in Iranian professional magazines that reflect the viewpoints of the above-mentioned stakeholders were also used. The data were analyzed by using the open coding, axial coding & selective coding approach that is specific to the grounded theory and major categories, categories, and subcategories (concepts) were extracted. Using a system model approach that includes inputs, process, outputs, outcomes and contextual factors, the IAQIS model was designed. The model incorporates multidimensional of IAQIS. Strategies include inputs, performance, outputs, and contextual factors which are affecting IAQ. Due to the gradual expansion of the modern internal auditing in Iran in recent years, to achieve and improve IAQ, these multidimensional strategies can apply in engagement level, internal audit function level, firm level and national level.
Empirical Studies in Financial Accounting
Allameh Tabataba’i University
2821-0166
14
v.
55
no.
2017
31
70
https://qjma.atu.ac.ir/article_8468_1b4f004650352d565b8e9169d83307f6.pdf
dx.doi.org/10.22054/qjma.2017.24956.1663
Cost Behavior Forecast Accuracy in Earning Forecast of Tehran Stock Exchange Companies
Ghasem
blue
دانشیار گروه حسابداری دانشگاه علامه طباطبایی
author
Zahra
Farjam
کارشناس ارشد حسابداری دانشگاه علامه طباطبایی
author
text
article
2017
per
Aware of the economic performance of the business in the future will help potential investors and Creditors in economic decisions. Investment decision taken on the basis of forecasted earnings. Therefore the accuracy of these predictions is important. Prior research has shown that cost forecast error is more than sales forecast error and has more effect on the earning forecast error and claimed that this error is due to ignoring the cost behavior. This research was investigated cost behavior forecast accuracy by studying 104 company from 2010-2015. Samples were separated to companies with symmetrical (equal) favorable and unfavorable sales forecast error and were compared. T test and Mann-Whitney tests were used for this purpose. The results showed that managers are not predicting the cost variability correctly; however, due to the symmetry of the earning forecast error in firms with equal sales forecasting error, it can be concluded that managers generally pay attention to cost behavior in their predictions. In other words, according to the proportion of sales forecast error and cost forecast error, the main reason for the earning forecast error is the error in predicting sales.
Empirical Studies in Financial Accounting
Allameh Tabataba’i University
2821-0166
14
v.
55
no.
2017
71
92
https://qjma.atu.ac.ir/article_8469_9d89d92b32fbbb359bccf5cdfa1dec1c.pdf
dx.doi.org/10.22054/qjma.2017.11041.1362
Outcome of Financial Distress on Accruals Influencing Future Returns
darioush
foroughi
Faculty Member, Department of Accounting, University of Isfahan
author
Hadi
Amiri
Faculty Member, Department of Economic, University of Isfahan
author
Seyed Mohammad
Alsharef
Department of Accounting, University of Isfahan
author
text
article
2017
per
The purpose of the study is to investigate the influence of accruals on future assets’ returns and future stocks returns. Due to their estimating nature, accruals are less stable relative to cash flows; therefore, they are more influential on returns; however, financial distress may increase or decrease the influence of accruals on future returns. The study sample includes 117 companies incorporated in Tehran Stock Exchange between 2006 and 2015. The findings of this study reveal that the influence of accruals on the future returns of assets in the companies suffering financial distress is less which is owing to more persistency of the accruals (much real estimations) in the companies struggling with financial distress. Furthermore, the influence of accruals on the future returns of the stocks in the companies suffering financial distress is less which is due to less abnormality of accruals (less mispricing) in companies suffering financial distress compared to companies with non-financial distress. Key words: Financial Distress, Abnormality of Accruals, Persistence Argument, Assets Returns, Stock Returns.
Empirical Studies in Financial Accounting
Allameh Tabataba’i University
2821-0166
14
v.
55
no.
2017
93
123
https://qjma.atu.ac.ir/article_8470_3bd950655c1fd70d37bdd97c1bdc6d24.pdf
dx.doi.org/10.22054/qjma.2017.18138.1524
Studying the Relationship of Personality Factors and Learning in Accounting Students
Rafik
Baghoomian
Shahid beheshti uni
author
Hossein
Rajabdorri
Accounting Ph.D. Student and Member of Young Researchers and Elite Club, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran.
author
Manochehr
Khoramin
Bandar abbasuni
author
text
article
2017
per
The purpose of this study is to investigate th e relationship between the personality factors including ability to communicate and tolerance of ambiguity, and learning in accounting students in Iran. The study is an applied-type survey. A questionnaire and a sample of 13 2 student s of accounting at different levels of education were conducted in 2017. To analyze the findings in the form of two main hypotheses and four sub-hypotheses, structural equation method was used by SmartPLS software. Findings of the research show that there is a positive and significant relationship between personality factor of communication ability and its four subscripts including oral communication, communication by interviewing, communicating through conversation and communicating by providing, and learning. The most relevant are communicating with the provider and the least amount is for oral communication. There is also a positive and significant relationship between personality factor of tolerance of ambiguity and learning.
Empirical Studies in Financial Accounting
Allameh Tabataba’i University
2821-0166
14
v.
55
no.
2017
125
143
https://qjma.atu.ac.ir/article_8471_751d9c1539adf67741da4b65c0ea47f1.pdf
dx.doi.org/10.22054/qjma.2017.23726.1638
Predicting Financial Distress with using combined model of Accounting and
Market Data with Logistic Regression Approach
Pari
Khodakarimi
دانشجو، دانشگاه آزاد اسلامی واحد مرند
author
Parviz
Piri
عضو هیت علمی دانشگاه ارومیه
author
text
article
2017
per
Today’s, bankruptcy and financial distress is one of the important factors for decision making process of market participants, so the need to predicting them with using a suitable model is the manifest of financial market analysts and investors because it have a significant effect on shareholders' wealth in the market. With such importance, the aim of this paper is to introduce a suitable model for predicting financial distress at Tehran stock exchange listed companies.For achieving this goal, thirteen variables including eight accounting and five market variables were used to determine financial distress with applying Logistic regression method from 2008 to 2016. For testing research hypothesis, the dates of 928 firm-year (522 distressed and 406 sound firm -year) was gathered listed in Tehran Stock Exchange (1040 firm-year).The results showed that a combination of accounting and market dates can predict distress in firms and can be a ground for further studies on financial distress.
Empirical Studies in Financial Accounting
Allameh Tabataba’i University
2821-0166
14
v.
55
no.
2017
145
168
https://qjma.atu.ac.ir/article_8472_61959d3a64bd67288dd79c7e2d90b065.pdf
dx.doi.org/10.22054/qjma.2018.11118.1366
Calculation of Credit Risk and Its Effect on Return in Tehran Stock Exchange
Amir Hossein
Erza
Faculty Member / Allameh Tabataba'i University
author
Moslem
Peymany
Academic member / Allame Tabataba'i University
author
Farnaz
Seifi
Faculty of Management and Accounting, Allameh Tabataba'i University
author
text
article
2017
per
Credit risk is one of the most important risks that affect Monetary and financial institutions. The main purpose of the paper is to assess the effect of credit risk on stock returns. Firstly, by reviewing the theoretical foundations, researches and expert opinion, quantitative and qualitative factors influencing the credit rating were determined. Then a questionnaire prepared according to the experts' opinions based on the Iranian environment, the degree importance of the indicators was determined and Using the Topsis model, the ranking of 106 Tehran Stock Exchange (TSE) companies in 2011-2015 was based on credit risk with the same and different significance of the indicators Then, based on the results of the ranking, stock portfolios was formed, finally, the effect of credit risk on stock returns in two different situations With the same and different significance were determined. According to the results, the effect of credit risk on returns in both of the same and different degree of importance, by analyzing the combined data, meaningless and by analyzing panel data, is meaningful and reverse.
Empirical Studies in Financial Accounting
Allameh Tabataba’i University
2821-0166
14
v.
55
no.
2017
169
196
https://qjma.atu.ac.ir/article_8473_2876194b430beeefc4e77bb3d7ac4831.pdf
dx.doi.org/10.22054/qjma.2017.24590.1655