European Financial and Accounting Journal, 2017 (vol. 12), issue 2
Articles
The Breadth of Success and Failure Factors with PPPs Implementation
Ncedo Cameron Xhala, Juraj Nemec, Kahilu Kajimo-Shakantu
European Financial and Accounting Journal 2017, 12(2):5-16 | DOI: 10.18267/j.efaj.178 
The financing of public infrastructure investment through public-private partnerships faces daunting challenges related to the success of implementation of public infrastructure investment. There are multi-dimensional competing factors which inhibit the short and long-term implementation of PPPs, some of them may result to failure of implementation. The implementation of PPPs requires a set of success factors and its positive result is not automatic. This paper offers an overview of challlenges facing the implementation of PPPs and lists the most important success factors which increase the chance for successful implementation of PPPs. This paper further...
Professional Competences of Controllers: The Case of Poland
Bohumil Král, Grzegorz Mikołajewicz, Jarosław Nowicki, Libuše Šoljaková
European Financial and Accounting Journal 2017, 12(2):17-40 | DOI: 10.18267/j.efaj.179
The article presents the results of the project regarding the development of the requirements to controllers´ professional competences. The aim of the empirical part of the study is to assess the current situation in Poland in this field. During the study, opinions of two expert groups are compared. The respondents from the first group are responsible for development of controllers´ professional competences and education. The respondents from the second group act as controllers in everyday business. The research refers to the following areas of controllers´ work: their position in the company, general and specific content of controllers´ activities,...
Labor Taxes and Decision about FDI in the EU
Jan Tecl
European Financial and Accounting Journal 2017, 12(2):41-54 | DOI: 10.18267/j.efaj.180
This paper analyzes the relationship between tax variables and foreign direct investments. There are many studies with analysis of influence of corporate income tax, but only few with focus on individual taxation and social security contributions.The analysis is done for the decision if do FDI or do not do and about decision about amount of FDI. On the decision about realization of FDI has impact GDP per capita of home and partner country and distance between countries. GDP per capita of home country increase probability of location of FDI, GDP per capita and distance decrease the probability of the location of FDI in the partner country. Based on...
Who Said Accounting Was Boring? Let´s Play Cards. The DAC Project
Néstor Lázaro-Gutiérrez, Irene Barainca-Vicinay, Ana Bilbao-Goyoaga
European Financial and Accounting Journal 2017, 12(2):55-72 | DOI: 10.18267/j.efaj.181
Accounting is often regarded as an abstract -and hence, boring- subject by students, although it is strongly linked to real life. In this paper, an experimental activity is presented as a complementary tool to theoretical classes in the subject Introduction to Finance Accounting, taught in English at the University of the Basque Country (UPV/EHU). This article aims at showing the use of the DAC project as a methodology that will help foster the motivation of those students as well as their understanding of the basic accounting concepts. Using several traditional card games, the authors expect to create a user-friendly learning environment, where the...
Does the Auditor Have a Direct Influence on the Financial Statement Quality?
Tatiana Dolgikh
European Financial and Accounting Journal 2017, 12(2):73-90 | DOI: 10.18267/j.efaj.182
In the modern process of globalization, IFRS standards are widely used in the financial world, Russian Federation is one of these examples. The application of IFRS in Russian Federation first began in the early 90-ies of the twentieth century. During IFRS adoption many companies were involved in this process. Nowadays, a big part of all Russian companies obligatory use IFRS standards to prepare their statements. The purpose of this article is to analyse current practices of financial reporting procedures, its compliance with the rules of the IAS 1 as well as identifying the dependencies between the auditor selection and the quality of reporting. For...
EBITDA vs. Cash Flows in Bankruptcy Prediction on the Polish Capital Market
Welc Jacek
European Financial and Accounting Journal 2017, 12(2):91-103 | DOI: 10.18267/j.efaj.183
One of the elements of company´s evaluation is an analysis of bankruptcy risk metrics. In this study, the accuracy of bankruptcy predictions generated by EBITDA-based and cash flow-based liabilities-coverage ratios is evaluated within a sample of data from the Polish market. The study is based on a sample of 92 companies, in which case a bankruptcy filing was announced in a period between the beginning of 2009 and the end of the first half of 2016. The statistical analysis has confirmed the usefulness of the investigated liabilities-coverage ratios. Even though the sample covers wide variety of businesses, the logit models with only one ratio used...