MSc in Accounting & Finance Management

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Browsing MSc in Accounting & Finance Management by Author "Burdis, Suzanne"

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    IFRS adoption process: Advantages and Disadvantages and Accounting Quality definition: Evidence from Mexico.
    (Griffith College, 2021) Orozco, Thalia
    The increase of economic globalisation has deemed it necessary to create one set of international accounting principles to promote global investment and capital markets worldwide through the adoption of the IFRS that has been the most relevant accounting transition in history in the last two decades. The IASB is the responsible body for developing and promoting the IFRS since 2001. As a result, different countries have adopted international principles and presented various benefits and drawbacks. It is related to the improvement of accounting quality by adopting the IFRS principles in financial information. However, there is terminological confusion due to the lack of a unified meaning. This research aims to analyse the advantages and disadvantages of adopting high-quality international standards for listed companies in Mexico and the concept of accounting quality among the experience and opinions of accounting professionals in the country. This study has the potential to provide recommendations for the first-time IFRS adoption process and advice for an improvement in the accounting quality in a company. Moreover, it will be discussing some highlights of why Mexico is not fully converged to IFRS. The methodology used for this study was interpretivism philosophy and induction approach getting the data with semi-structured interviews based on the opinions and ideas of seven accounting professional with experience on international principles in Mexican companies. Thematic analysis was used to codify and understand the findings of this investigation. The author got six themes to analyse based on Thematic Analysis: 1. Reasons for adopting IFRS in Mexican companies 2. Difficulties to adopt IFRS in Mexico 3. Advantages and Disadvantages of the IFRS adoption in Mexico 4. Recommendations for first time IFRS adoption 5. Is IFRS adoption suitable for unlisted companies? 6. Accounting Quality definition, evidence, and measures to improve it. The findings of this study present the difficulties, benefits and drawbacks of the IFRS adoption in listed companies in Mexico, and it is proposed a definition of accounting quality. Moreover, the participants provided advice for first-time IFRS adoption. It is deemed necessary to provide constant training to all accounting staff involved in the financial preparation and continuous supervision of critical accounting items and the financial reports to enhance accounting quality in a company. The understanding of this study could be beneficial for directors, managers, accountants, researchers or any company interested in an IFRS adoption or enhancing accounting quality based on the experience and knowledge of Mexican accounting professionals.
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    Small investor- advise small investors on how to manage investment risk.
    (Griffith College, 2022) Li, Yang
    High inflation is striking all over the world due to war, conflict, and pandemics. And deglobalization and the ageing population trend lead the world into turbulence stages. These situations make understanding investment become more important to preserve wealth. The research purpose is to advise small investors on how to manage investment risk. Identify the best investment strategy for small investors and make rational decisions without effect by fear and greed. Finding the right approach to manage the risk of investment. The primary data for this research was collected through semi-structured questionnaires and received 51 participants' questionnaires from 21 countries covering most regions of the world. The research methodology used epistemology research assumptions through interpretivism study with qualitative research methods. The literature review covers all the key areas in investments. Explain investment and considered define what is small investors and examine the limitations facing small investors and Investor Behaviour. Analysis of all the aspects that affect investment making. Such as macroeconomics, risk management, and company evaluation. The importance to understand monetary policy, the position of the American dollar in world economics, and the Economics & Economic cycle. Other themes include identifying a great business investment and what is second-level thinking that it is important to know what others think and choose what everyone investing in the future as Keynes’s viewpoints. How to think differently and find the next popular investment opportunity is the key point to success in investment. The final part explores different investment philosophies & strategies for small investors. In the investment philosophy &strategy section, explore the efficient-market hypothesis, Warren Buffett's Investing Style and how Asset allocation works. In primary data of questions and analysis, The questionnaire has 18 questions designed in response to literature structures. The sample was conducted in 21 countries with participating representatives to study global investor risk attitudes and behaviours. The demographic profile of the participants reflects a group primarily composed of younger adults with higher education and financial stability with roughly equal gender. The key findings of the research show the majority of participants have a relatively conservative attitude toward investment risk. Consider they are incapable investors in sample participants with 96.1% having undergraduate education and 77.4% can use more than two languages. Lack of financial knowledge is the other big finding, such as a low percentage of participants being aware of high fees and expenses. The finding indicates that investors need to enhance their financial knowledge such as taking various forms, including workshops, courses, and online resources. as well as seeking professional advice can help mitigate the risk of making investment choices. There is some recommendation for small investors to address these issues, The first is to use a margin of safety that leave enough safety space in investment. Other recommendations such as Asset allocation strategy combines diversification of investment in the portfolio theory, passive such as ETFs, and active investing advantages benefits. Therefore, investors should consider long-term investment strategies that align with their risk tolerance and financial goals. Overall, Improving individuals' financial knowledge can make more rational investment decisions, that can enhance investment performance and manage investment risk.
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    The Impact Of Covid-19 On Sme's And The Benefit Of An Audit In Trying To Mitigate The Negative Consequences Of Covid-19.
    (Griffith College, 2021) Taís De Souza Bezerra
    The increase in going concern difficulties for small and medium business has reached a historical point in the last year due to the Covid-19 pandemic and one of the most affected sectors was hospitality sector. In the overall, Irish SMEs represents a significant contribution to Irish economy. Given the above, and considering the specific challenges faced by the hospitality food sector in Ireland the objective of this research is to understand whether audit would be beneficial in mitigating risk to going concern resulting from the pandemic, from the point of view of the auditors and accountant professionals and SME management in the sector. The study results indicate that there are different opinions on the value and efficiency of a statutory audit for SME businesses among audit and accountant professionals, nevertheless there is an unanimity result of that audit would not be recommended to SMEs and would be better replaced by consultancy since it would offer the same expected results for a SME business, with a considerable lower price, especially considering the pandemic period. This information goes against the findings of researches conducted in Sweden and Denmark 2018, that indicates better results among SMEs that were submitted to audit.
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    Transparency & Openness In Irish Charities
    (Griffith College, 2021) Dalete da Silva de Sousa
    Background: In recent years, the Irish charity sector has undergone significant regulatory reform, considering a succession of scandals and mismanagement. The sector is being by a decline in public trust, donations, and charities' reputation. These scandals have been affected by a lack of transparency and best practice in the sector. Purpose: The research purpose is investigating the impact of transparency in the third sector. The main question of this study is: What are the standards that charities must meet to obtain donations and demonstrate how the donations are spending, and are the public aware of what are the objectives of non-profits organizations? Methodology: The study is an exploratory study based on a mixed method, with a grounded theory approach to gathering qualitative information through semi-structured interviews with five stakeholders, a questionnaire to the public, and an analysis of key charities websites and financial statement. All interviewees have a relevant role, direct and indirect, in the charity sector. The interviews were designed to collect information from stakeholders on their governance experiences, transparency expertise, and sector issues. The online questionnaire was conducted with the public, with the purpose to evaluate donors motivations for donating. Finally, the analysis of websites and financial statements of five large charities that have won excellence awards in 2019, enable the identification of what is involved on the achievement of high standards. Relevance: The significance of this research is to determine the influence of transparency in Irish non-profits organizations. They distinguish this study from past studies on stakeholders' internal and external perspectives to fulfil the gap between public expectations and charities. Findings: The main findings in this research reaffirm the literature review that donation, public trust, volunteers, partnerships with a for-profit organization, and attracting donors increases when charities are transparent and disclose their charitable activities. However, there are costs to comply with regulation, legislation, maintain transparency and good governance.