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The IUP Journal of Accounting Research and Audit Practices
ISSN: 0972-690X
A ‘peer reviewed’ journal indexed on Cabell’s Directory,
and also distributed by EBSCO and Proquest Database


Previous Issues

The IUP Journal of Accounting Research and Audit Practices is a quarterly journal that seeks to provide a platform for cutting edge research in the field of accounting for the benefit of academia and profession at large. IJARAP delivers auditing research articles on financial accounting, management accounting, auditing, accounting standards, taxation, IT-Accounting interface and R&D reporting biases and their consequences.

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Editorial Board
Information to Authors
Focus Areas
  • Financial Accounting
  • Management Accounting
  • Forensic Accounting
  • Accounting Standards
  • Taxation
  • IT Accounting Interfacing
  • Auditing
  • Corporate Disclosures
  • Internal Audit
  • Audit of Financial Statements
  • Audit Education
  • Cost Audit
  • Tax Audit
  • Audit Standards and Assurance
  • Social Audit
  • Environmental Audit
  • Quality Audit
IFRS in India: Financial Implications
in Select Companies
Related Party Transactions and Earnings Management: An Empirical Examination of Selected Companies in India
Awareness and Adoption of Cloud Accounting Software: An Empirical Research
Enhancing Economic Sustainability: An Empirical Study in Banking and Finance Sector in Oman
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(April 2018)

An Empirical Study of Value Relevance of Financial Reporting in Indian Corporate Sector

--N R Shreyes and K Nanje Gowda

The aim of the present study is to examine the value relevance of accounting information in the Indian corporate sector based on financial information on share price, book value, earnings and dividend in 125 companies selected from BSE 500 companies for the period between 2000 and 2012 using Ohlson model (1995). The results indicate that accounting information has high value relevance in Indian corporate sector with dividend, book value and earnings with their respective adjusted R2 values of 40%, 34% and 21% for the period of study. The value relevance of dividend is found to increase over time as against decreases in book value and earnings. The combined influence of book value and dividend on share prices is the highest at 55% during the period of study. Finally, it was found that there is a significant association between share price and the three accounting variables used in the study at the significance level of 0.05. The study also indicates that accounting variables influence share prices and hence there exists financial reporting quality in Indian corporate sector. The present research has strong implication on the role of accounting information in developing rational investor behavior in the stock markets.

Related Party Transactions and Earnings Management: An Empirical Examination of Selected Companies in India

--P C Abdul Rasheed and T Mallikarjunappa

A number of publicized accounting frauds around the world, such as Satyam fraud (India), Enron failure (USA), Tyco failure (Ireland), show that firms use Related Party Transactions (RPTs) to manage earnings for financial reporting purposes or to divert firms’ resources to their controlling shareholders at the expense of minority shareholders. This study aims to explore the relationship between RPTs and earnings management practices of selected companies in India. The amount of discretionary accruals derived from modified Jones models (Dechow et al., 1995) is used as a proxy to measure earnings management. Based on 218 firm-year observations taken from BSE-200 index based companies for the financial year 2014 and 2015, this study finds that there is a statistically significant relationship between RPTs and earnings management. The findings also reveal that the effect of new RPT regulations in mitigating earnings management is not significant.

Awareness and Adoption of Cloud Accounting Software: An Empirical Research

--Ritu Soni, Rimpi Saluja and Shilpa Vardia

Internet has brought a drastic change in the business world. One of the latest developments in Internet technology is cloud computing. This technology has also brought significant changes in the field of accounting. There is a growing interest in the utilization of cloud software in the field of accounting. The present study is an attempt to analyze the factors behind the use of cloud software by different sectors in the Udaipur city. The sample selected for the study consists of employees of banking sector, insurance sector, retail sector and other small and medium enterprises in Udaipur. The views of chartered accountants are also collected for a better understanding of the present research. Chi-square test is applied to find the relation between the use of cloud accounting software and size of enterprises and it is found that there is highly significant difference in the adoption of cloud software with the size of the organization. The reasons for non-adoption of cloud software in accounting are also analyzed. Factor analysis is done to identify the factors for which cloud software is used in accounting by different sectors. Factor analysis extracted three major components. One-way Analysis of Variance (ANOVA) is applied to test the significant difference of the extracted factors. The result of one-way ANOVA suggests that there is no significant difference in the opinion of respondents working in different sectors regarding various factors for adopting cloud accounting software.

Enhancing Economic Sustainability: An Empirical Study in Banking and Finance Sector in Oman

--Mawih Kareem Al Ani and Muawya Ahmed Hussien

The present paper analyzes the relationships between economic sustainability and productivity, capitalization and profitability in banking and finance sector in the Sultanate of Oman. The data was collected from the annual reports of 35 banks and financial institutions listed on Muscat Securities Market for a period of five years from 2011 to 2015. The data was analyzed using panel data regression. The regression results show that there is a statistically significant effect of market capitalization and productivity on economic sustainability. Further, the R2 value supports the significance of the regression model as dependable. Also, profitability does not have an impact on economic sustainability at 1% level. This means that the banks and finance institutions in Oman prefer to capitalize their profit.




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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.