THE RECENT TREND IN FINANCIAL ACCOUNTING AND ITS IMPACT ON OTHER ACCOUNTING MAJORS: A LITERATURE REVIEW | ||
| HICMIS–Journal of Administrative Sciences and Digital Technology | ||
| Article 1, Volume 2, Issue 4, December 2024, Pages 159-188 PDF (690.63 K) | ||
| Document Type: Researches | ||
| DOI: 10.21608/hicmis.2024.374374.1005 | ||
| Author | ||
| Nourhan H. El-Moayed* | ||
| Dept. Accounting (English Section), Fac. Commerce, Cairo Univ., Egypt. | ||
| Abstract | ||
| This research aims to shed light to the interaction between financial accounting and the other majors like auditing, managerial accounting, and tax accounting. This study reviews 50 articles published in the top five journals (i.e., The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Review of Accounting Studies, and Account-ing, Organizations and Society) for the period from 2017 to 2020. The literature shows a contin-uous adaptation of the determinants of information environment to the economic theory and the uniformity of accounting standards through the International Financial Reporting Standards (IFRS), whatever the legal country enforcement. Also, the role of this transition on the reported information and the financial reporting quality (FRQ). Besides, managerial values and beliefs can appreciate the CEO’s opportunities to serve outside boards and appreciate firms’ perfor-mance. Moreover, tax planning influences the managers’ financing decisions by relying on debt financing and exploiting the tax amnesty exhibited by tax authorities. Finally, future research is needed to investigate the determinants of information environment post the digital transfor-mation in Egypt, besides the reactions of stakeholders toward the digitalized financial services or products especially in auditing and tax services. | ||
| Keywords | ||
| Financial economics; IFRS; Disclosures; FRQ; Managerial beliefs | ||
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