By V. Murinde
This sequence arose out of the assumption that the overseas accounting literature should still dedicate extra cognizance to the research of the accounting difficulties and problems with rising economies (developing and newly industrialized countries). via an expanding knowledge of the genuine concerns and the accounting practices encouraged in it, those works became proper to the particular wishes of its readers, and is making genuine contributions to the accounting improvement means of rising economies. The volumes awarded objective to: bring up the extent of curiosity within the particular difficulties of accounting in rising economies; and raise expertise of genuine concerns, in order that accounting in those international locations won't simply be visible as an issue of copying what's performed within the industrialized nations. It presents an authoritative assessment of the learn and growth during this box.
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Additional info for Accounting, Banking and Corporate Financial Management in Emerging Economies, Volume 7
A. KHAN AND SHAHZAD UDDIN addition to using information from accounting reports. The credit-scoring system requires certain preconditions, such as the availability of a published database, specialist organizational support, and informational infrastructure such as reliable accounting reports, which are often lacking in less-developed countries such as Bangladesh. On the other hand, lending companies could develop in-house credit-scoring infrastructures, which might have a limited use in the context of developing countries.
In the ﬁnancial appraisal, the lending companies are interested in knowing the position of the prospective project or ﬁrm based on its future costs and beneﬁts considering all cash inﬂows and outﬂows. Lending bodies try to establish the proﬁtability trend of a project or ﬁrm and calculate gearing ratios and other ﬁnancial indicators. 7 A ‘marketing appraisal’ is given high importance by all of the lending companies in the survey. 8 Technical feasibility is another area of importance for lenders.
The focus is on the ﬁgure reported on the face of the proﬁt and loss account as opposed to the proﬁt or loss before goodwill, which is not separately disclosed. For positive goodwill in the consolidated balance sheet, the threshold is applied to total assets Goodwill on Consolidation as an Indicator of Progress in Transition Economies 23 Table 6. Incidence in Financial Statements of Listed Groups of Negative and Positive Goodwill on Consolidation 1995–2001. Year (Number of Groups) Consolidated balance sheets reporting (in %) (a) Both negative and positive goodwill (b) Negative goodwill only (c) Positive goodwill only (d) Neither Consolidated balance sheet: incidence of (in %) Negative goodwill (a+b) Positive goodwill (a+c) Consolidated profit and loss accounts reporting (in %) (a) Both negative and positive goodwill (b) Negative goodwill only (c) Positive goodwill only (d) Neither Consolidated profit and loss account: incidence of (in %) Negative goodwill (a+b) Positive goodwill (a+c) 1995 (24) 1996 (39) 1997 (43) 1998 (48) 1999 (48) 2000 (49) 2001 (48) 29 31 35 43 40 31 35 33 26 21 17 12 16 17 17 12 23 17 19 24 23 21 100 31 100 21 100 23 100 29 100 29 100 25 100 62 57 56 60 52 47 52 46 43 58 60 59 55 58 29 36 33 46 46 45 46 33 23 25 17 14 6 12 9 13 21 20 23 22 23 29 100 28 100 21 100 17 100 17 100 27 100 19 100 63 59 58 63 60 51 58 38 49 54 66 69 67 69 24 MAREK SCHROEDER Table 7.
Accounting, Banking and Corporate Financial Management in Emerging Economies, Volume 7 by V. Murinde
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