The Financial Accounting and Auditing Researches
Year:2011 | Volume:3 | Issue:11|Papers Count:8

The purpose of this study is to investigate the possibility of implementing accrual based accounting system in municipalities. This study attempts to investigate the answer to the following questions: Is it possible to implement accrual based accounting system in municipalities or not? Fars and Kermanshah Municipalities are selected as samples in the current study. The study is a survey study and a questionnaire was used for data collection purpose. Furthermore, the Binomial Test was used to test the hypotheses of the study.The results reveal that there is an appropriate basis in the participant Municipalities for implementing accrual based accounting system. In other words, there are necessary and sufficient conditions for using accrual based accounting system to change the accounting system of those organizations.

Dividend income is an important part of the corporate stock assessment methods and determines the dividend policy can be important for researchers and investors. The purpose of this study survey the relationship between dividend policy and stock price changes in the Tehran Stock Exchange. The population of this study is all nonfinancial firms listed in Tehran Stock Exchange during the years 1383 to 1388. Control variables include the size, variability of profits, debt ratios and asset growth. The least squares regression and panel fixed effects model was used. This study shows that dividend policy played a key role in the company's stock price changes in the Tehran Stock Exchange.

The free-trade zones should be considered as a bridge between national and international economy which from one hand strengthens the base of export expansion by attracting the direct foreign investment; and the other hand, actualizes the relative economical merits in the field of international economy by using potential resources and capacities of the country. Thus evolving the budgeting system toward performance budgeting is an inevitable and necessary issue for the economy of a country. Regarding the importance of performance budgeting and the free-trade zones in each country, this research pointe to appraising the effect of authority, acceptance and ability Measures on establishing performance budgeting in Iran Free Trade-Industrial Zones.The statistical population includes all of financial managers, programming & budgeting managers, budgetary experts, accounting experts (financial affairs) of Free Trade-Industrial Zones Organizations (Aras, Arvand, Anzali, Chahbahar, Qeshm, Kish) and the secretariat of Iran Free Trade-Industrial Zones Organizations. To test the hypotheses, Kolmogorov-Smirnov test and t- test have been used. The findings of this research show that the average of assessment ranks of women and men's do not have significant difference. Also the results indicate that there are not any significant differences among the average of assessment ranks of the age groups and the carrier positions and the educational levels among the variables which were studied. Considering the test of the main hypotheses of this research; at this present time, Iran Free Trade-Industrial Zones Organizations does not have the capacity, authority and acceptability to executing operational budgeting.

The major purpose of this research was to investigate and determinate the effect of some risk variables in the stock returns of the companies listed in Tehran Stock Exchange Market (TSEM). In approaching this study, the effects of firm size in the stock return volatility in different capital market conditions in TSEM during the years 1374 through 1384 were analyzed. The population of the study encompasses all firms listed in TSEM with the exception of banks, investment companies and leasing companies.The sample of this research was the firms whose stocks during the period of study at least six month of a year was exchange. Consequently, 53 firms were finally selected and analyzed.In choosing the conditions of market, used 3 criterions include stock market index and monetary exchanges volume and this numeric in TSEM. Then by using “the regression analysis technique and dummy variable “, the effects of selected variables in stock returns were studied.The results of this study show that, there is positive and significant relation between firm size and stock return volatility, when market condition is not importance, and when market condition include the model, this relation is still positive and significant. We concluded that, market condition does not effect on relationship between firm size and stock return volatility (Beta).

Policymakers often express concern that behavioral finance such as herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an empirical research on herding behavior of investors whit employing technique of Lakonishok, Shleifer, and Vishny, 1992, (LSV) herding measure by using a data-set consisting of all their daily transactions of 59 corporations in Tehran stock exchange corporations and during 24 months (from Dec.2007 until Dec.2009), and explores the factors that can explain such behavior. In this study demonstrates that herding is affected by four features specific to the stocks, such as their size, systematic risk, idiosyncratic risk, and P/E. Size, systematic risk and idiosyncratic risk tend to positively affect herding but this effect is significantly higher for size. This context also reveals that P/E influences herding negatively. In general most of the results are consistent with the theory that herding is information based, and also when market conditions are favorable.

In this research, the relation between accounting income and Ended & midterm audit income with stock price of companies in Tehran Stock Exchange has been studied in the duration of 2002 to 21 July 2008.The objectives of this research are evaluating the relationship between of annual accounting income and audit income on the stock price of companies in Tehran Exchange and evaluating the influence of audit income and accounting income on the stock price of in Tehran Exchange. The authors consider that the existing information has selected and studied among 31 companies as a sample. This research from subject dimension classified in practical research and descriptive research.In order to achieve the research objectives, the variables of accounting income and audit income were studied as independent variables and the stock price was studied as dependent variable. Pearson correlation was used for hypotheses testing.Research result shows Ended audited income is more important from Investors views.Also Ended Audited Income is more attractive than companies fulfilled midterm accounted profit between studies has done in some year.

The government’s tax income from the legal entity sector is more than any other sources of tax collection where the fast and on time collection of tax will bring a lot of economic and social benefits. Due to the differences between the artificial reported earnings of the companies and their definite taxable income, tax collection from this sector is done with delay. Therefore elimination of the differences will make the collection time from these sources short and will bring a lot of economic and social benefits. Studying these factors from the viewpoints of the taxpayers and the tax officials, the present study has recognized the main reasons that bring about these differences. The main hypothesis of this research is that there is a meaningful difference between the artificial reported earnings’ tax and that of the definite income of the legal entities from the viewpoints of both the taxpayers and the tax officials. In this study the library method, field of study method, binomial test, Friedman test and two- way ANOVA are used. Based on the conducted research, the prioritization of the effective factors on the differences between the artificial reported earnings and taxable income are as following: tax desertion, the difference between accounting principles and tax regulations, economy conditions, the appointed quorums in tax regulations and condescension to the payment of the other legal tariff.

The research objective is examining the influence of ownership structure, capital structure and cash holding on firm’s market value listed in Tehran Stock Exchange. The data samples were derived from 176 selected companies during 1383-1387. We utilize Linear Multiple Regression Model to test hypothesis. We applied institutional ownership and stock concentration as attributes of ownership structure. The results indicate institutional ownership has significantly positive impact on market value. However, stock concentration was significantly negative impact on it. Furthermore, there was no evidence corroborating the relationship between capital structure and market value. Cash holding have significantly positive impact on market value. Control variables include Tobin’s-Q, Dividend Payout Ratio, and Tangibility Ratio, have significantly positive impact on firm’s market value.