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A Quality Financial Report: A Conceptual Analysis Hong Nhung Dao Thi; Hanh Dao Thi
International Journal of Research in Vocational Studies (IJRVOCAS) Vol. 2 No. 1 (2022): IJRVOCAS - April
Publisher : Yayasan Ghalih Pelopor Pendidikan (Ghalih Foundation)

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Abstract

Following the loss of assets due to distortion of facts in financial reports, there is a need for ongoing study into what defines a quality financial report. A high-quality financial report should be able to achieve its primary goal of delivering useful information for economic decision-making (International Accounting Standard Board Framework). Following that, a conceptual framework for a high-quality financial report is presented. As a result, the purpose of this article is to describe the idea of a quality financial report by identifying the financial report's qualities, antecedents, and results. The financial report should include both basic and improving qualitative features in order to be useful (International Accounting Standard Board Framework). The mechanical display of the report is then added as another characteristic. The criteria taken into account here include readability, legibility, and report length. The conceptual framework will assist financial report preparers on what constitutes a great financial report, allowing them to enhance their reporting. It will also assist financial report users in assessing the quality of financial reports before using them for decision making. If this structure for a quality financial report is used, the number of financial statements scandals may be reduced, restoring investor confidence in the financial report.
Digital Accounting Systems (DIS): Concepts, Components and Roles in Business Hong Nhung Dao Thi
International Journal of Research in Vocational Studies (IJRVOCAS) Vol. 3 No. 1 (2023): IJRVOCAS - April
Publisher : Yayasan Ghalih Pelopor Pendidikan (Ghalih Foundation)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53893/ijrvocas.v3i1.182

Abstract

Today, with the continuous development of science and technology, the most advanced technology has been applied to the field of human activities, from production and business to monitoring and management. Technology helps people manage work more efficiently and quickly, while providing timely and reliable information. Accounting is a leading important part of the economic and financial management system, playing a great role in controlling, managing and operating the production and business activities of enterprises, especially in the financial sector. current period. That requires businesses to apply technology to the organization that performs accounting work with the aim of creating an effective accounting information system. Such system must be reasonable, rigorous, provide truthful, timely and reliable information with the most advanced processing techniques. That not only contributes to increasing competitiveness but also improves operational efficiency in enterprises. This is an inevitable development trend and is consistent with the renovation process, especially in the current period of economic integration. In this article, Research on the concept of a digital accounting information system and a plan to develop an accounting information system in an enterprise.