EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Content of Issue 19, Year 2019

1. THE INFLUENCE OF THE RISK OF FRAUD AND ACCOUNTING ERRORS IN THE FINANCIAL STATEMENTS ON THE OPINION OF THE FINANCIAL AUDITOR
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Author(s): Andreea Claudia Crucean
Topic: Auditing and Taxation
Abstract: The paper aims to highlight the risk of fraud and the errors with which a financial auditor can be confronted in his professional activity, but also, the presentation of these situations in the financial statements, starting from the entity's policies and the professional judgment required by legal rules. The paper reports the importance and the consequences that have these two concepts about the accounting and the financial audit. The practical part of this paper is represented by a case study accomplished on a sample of 64 companies, listed on Bucharest Stock Exchange, with non-financial activity, grouped on 6 industries according to the each entity activity. The data was synthesized following the analyzed of the annual reports published (financial statement and auditor's reports), grouping the results by category, according to the patrimonial item over who was corrected the accounting errors, because was not found fraud cases. The main conclusion that result from the case study, is that the entities that have declared accounting errors, have been corrected these according to the legislative rules, in order to present a more faithful image, because, many time, the accounting errors can distort the result, or even affect the dividends already distributed.
Keywords: Audit, Fraud Risk, Accounting Error, Significant Error, Correction, Financial Reporting

2. ANALYSIS OF THE PULL FACTORS FOR DOMESTIC TOURISM IN NIGERIA
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Author(s): Mulkat Ajibola Yusuff, Azeez Adekunle Aliu
Topic: General Accounting
Abstract: This paper investigated the factors that influence domestic tourism in Nigeria. Data for this purpose have been gathered from the publications of World Travel and Tourism Council (WTTC) and Nigerian Bureau of Statistics (NBS). Data analyses have been carried out with unit root tests, followed by co-integration and error correction modelling. The results reveal that income, travel cost and infrastructure are important determinants of domestic tourism in Nigeria. The implication of these results for policymakers is that there is need to rejuvenate the country's tourist attraction centres as well as transport infrastructure to propel domestic tourism.
Keywords: Domestic Tourism, Pull Factors, Income, Infrastructure, Travel Cost, Nigeria

3. THE IMPACT OF NON-PERFORMING LOANS RATE AND OF INFLATION RATE ON THE INTEREST RATE IN ROMANIA
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Author(s): Gheorghe Morosan, Iulian Condratov, Liliana Filipciuc
Topic: Finance, Banking
Abstract: The aim of this study was to demonstrate the influence of non-performing loans rate and of the inflation rate on the interest rate growth on newly granted loans in Romania. The study was conducted on the basis of data gathered from the National Bank of Romania and the National Institute of Statistics during the period 2010-2018. The method used to study this relationship is the multiple linear regression. Based on the results obtained, we have been able to detect the link among the three selected variables, namely: the non-performing loan rate, the inflation rate, the interest rate on credits; building 4 models of functions according to the types of credits selected for analysis. The present study is structured as follows: in the first section we presented the literature review, in the second section we described notions and theoretical concepts regarding the non-performing loans and interest, the third section provides the database, the results and the conclusions of the study.
Keywords: Non-performing Loans, Interest Rate, Inflation Rate

4. ASSESSMENT OF THE CHALLENGES OF CUSTOMS IMPORT CLEARANCE PROCEDURES IN THE CASE OF ADDIS ABABA AIRPORT CUSTOMS BRANCH OF ERCA, ETHIOPIA
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Author(s): Venkata Krishna Reddy Chinnapareddy, Daniel Darza Zemede
Topic: General Accounting
Abstract: The objective of the study is to assess the challenges of trade facilitation of customs import clearance procedures at Addis Ababa Airport customs branch of ERCA. The study employed mixed concurrent triangulation method along with descriptive research design in order to better answer the questions of the study. Sample data collected from 72 out of 89 officers and 33 out of 36 clearing agents of the branch. The study used open, closed questionnaires along with structured interview so as to triangulate qualitative data and that of quantitative. The data analyzed through the application of inferential and descriptive statistics along with multiple regression correlation. The result of the study showed that compliance costs to meet the customs requirements correlated positively with the time to process the customs import clearance procedures at the branch. The delay and cost incurred at the branch due to inefficient customs clearance procedures of the branch along with lack of coordination not only among the departments of customs import clearance of the branch but also other regulatory bodies those involved in the clearance of imported goods at the branch of ERCA. Therefore, the branch should employ risk based control rather than excessive examination and assessment of imports.
Keywords: Trade Facilitation, Customs Import Clearance Procedures, Export & Import Time And Cost For Trading Across Borders, Ethiopian Revenue And Customs Authority

 
     
     
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