Open Access Original Research Article

Paradoxical Poverty in Russia

Sergey A. Surkov, Ellen G. Trofimova

Asian Journal of Economics, Business and Accounting, Page 1-9
DOI: 10.9734/AJEBA/2018/39044

The problem of poverty worries not only the population but also serves as the subject of numerous scientific works. The study of the issue was carried out with the help of surveys and a method of reviewing literary sources. The theoretical basis was the assumption of the relationship between poverty and property inequality. It is established that the curves of the change in the proportion of the poor and decile coefficients have a shift of the optimums relative to each other. This shift indicates the presence of a delay. By today, the delay was leveled that may portend social upheavals. To prevent social upheavals, one should apply the entire possible set of measures to reduce the share of the poor and decile coefficient.

Open Access Original Research Article

Financial Record Keeping Practices of Small Business Operators in the Sekondi-Takoradi Metropolitan Area of Ghana

Isaac Nketsiah

Asian Journal of Economics, Business and Accounting, Page 1-9
DOI: 10.9734/AJEBA/2018/39291

The role of SMEs in the economic development of a country cannot be over-emphasized. They stimulate growth, create social cohesion, generate income and are known as a primary driver for Gross Domestic Product (GDP) growth as well as contributes to poverty alleviation. Notwithstanding, SMEs continue to battle with keeping financial records.This study examines record keeping practices of small business operators in the Sekondi-Takoradi Metropolis. The study adopted descriptive cross-sectional survey to find out how the enterprises sampled undertake record keeping.Simple random sampling (random numbers)was used to select a sample of 200 SMEs. The main descriptive technique for presenting data were frequencies, means score, standard deviation and percentages. This study found that 85% of small business operators keep records relating to customer’s indebtedness (Mean score=0.85; SD=0.361); notwithstanding, asset register was the least records kept (Mean Score=0.50; SD=0.502). This paper recommends that there should be a mandatory policy for small business operators to keep records of their business transactions especially asset register. There is also the need to train most of the small business operators in Ghana on the relevance of using the computer-assisted software in record keeping, especially those with little education. The training should be designed such that entrepreneurs with limited education could comprehend and use the skills they will acquire from such training. This will help in the management of small business operations and at the same time when it comes to issues of taxation.

Open Access Original Research Article

The Effect of Internal Auditors’ Involvement in Enterprise Risk Management on Internal Audit Objectivity: Evidence from Malaysia

Mahmoud Kertali, Sulaiman Bin Tahajuddin

Asian Journal of Economics, Business and Accounting, Page 1-11
DOI: 10.9734/AJEBA/2018/40693

In the last two decades, the role of internal auditors has been growing significantly within organizations, especially in some specific areas such as Enterprise Risk Management (ERM) and internal control. The purpose of conducting this study is twofold: First, to determine the level of internal auditors’ involvement in the ERM process in order to examine their compliance with the recommendations of the Institute of Internal Auditors (IIA). And second, to investigate the effect of this involvement on the objectivity of internal auditors. A quantitative method has been used based on a cross-sectional survey. The data has been collected from 119 participants who are members of the Institute of Internal Auditor Malaysia (IIAM). The findings of the study indicate that the majority of internal auditors in Malaysia are low involved in the ERM process. Also, found that internal audit objectivity is affected by the level of internal auditors’ involvement in ERM. This study would contribute to enrichment the literature of internal auditing by describing how internal auditors in Malaysia perceive their current role concerning ERM activities and reinforce the need for internal auditors to adhere to the recommendations of the IIA by avoiding the participation in the roles that could impair their objectivity.

Open Access Original Research Article

Managing the Impact of Economic Recession on Nigerian Economy: The Role of Management Accountants

Agbata Amaka Elizabeth, Okafor Gloria Ogochukwu

Asian Journal of Economics, Business and Accounting, Page 1-10
DOI: 10.9734/AJEBA/2018/38483

The study examined the role of management accountants in managing the impact of economic recession on Nigerian economy. The survey method of research design was adopted for the study. The population of the study comprised forty eight (48) manufacturing firms listed on the Nigerian Stock Exchange. Data were collected from primary source through interview of the management accountants in each of the selected firms and analyzed using T-Test Statistics. Findings show that the key roles played by management accountants in managing the impact of economic recession on Nigerian economy include; engaging in bulk purchases of raw materials and competitive buying, sourcing alternative local raw materials, embarking on cost engineering, prompt analyses of segments/products contribution margin, and carrying out comprehensive investment appraisals of every project to know the viable ones. Some other key roles were the use of weighted average costing method for valuing materials and replacement value method for pricing the finished goods. Based on the findings, we recommend that the producers of local raw materials for the manufacturers should endeavour to improve on the qualities of their raw materials to come up to the standard quality desirable by manufacturers. Also, management accountants should perform their duties with meticulous professionalism by reacting promptly to the signs of an economy being in recession and report to the relevant authority.  

Open Access Review Article

Factors Influencing Entrepreneurial Intentions among Technical University Students in Ghana: Evidence from Ho Technical University

Lolonyo Letsa, Helen Mavis Dah

Asian Journal of Economics, Business and Accounting, Page 1-8
DOI: 10.9734/AJEBA/2018/40598

The purpose of this study is to examine the factors influencing entrepreneurial intentions among Technical University Students in Ghana. This study develops a theoretical structural model representing the impact of four latent variables on the Theory of Planned Behaviour by introducing propensity to take risk. Data from a questionnaire of 356 respondents was analyze using the Partial Least Square Approach to Structural Equation Modeling (SEM). The SEM model was assessed based on the measurement model and the structural model. Factor Loadings, Cross Loadings, Average Variance Extracted Cronbach’s alpha, and Composite reliabilities of the latent variables examined showed that the measurement model exhibited sufficient reliability, discriminant validity and convergent validity. Assessment of the Structural model shows that 61.8% of the variation in Entrepreneurial Intention is explained by our model ( . The implications of the study findings are discussed in the paper.