Academic literature on the topic 'Home building industry - Financial statements'

ABSTRACT In this case, two start-up companies in the same industry have identical economic transactions. Although both companies follow generally accepted accounting principles (GAAP), each manager makes different choices and estimates when applying GAAP. By preparing the financial statements, calculating ratios, and comparing and contrasting the two companies, students see how choices and estimates made by management affect the financial statements. They also see the challenge faced by users of financial information when trying to interpret the financial statements and compare companies. Students really experience an “aha!” moment while analyzing this case. The case refutes their commonly held assumptions that accounting always has a right answer and that financial statements represent the truth.

Subject. Reliability and quality of financial statements guarantee the confidence of State structures, creditors, potential investors and other stakeholders of a company. Objectives. Our purpose is to discuss theoretical and methodological aspects of reliability of financial statements, build an indicator to reveal misstatements of financial results disclosed in accounting reports, define industry specifics in determining the indicators that characterize distortions in financial performance of companies. Methods. We offer a technique to estimate the probability of distortions in financial statements of companies involved in mining operations. Results. We built an integrated index to estimate the likelihood of misstated financial result in financial statements, i.e. its overstatement, for resource development companies. The paper proves that indicators characterizing distortions in financial statements of resource development companies do not coincide with indicators of construction companies. Conclusions. The test of the proposed approach enabled not only to unveil misstatements in the financial results of companies of two economic sectors, but also to define the amount of overstatements. Furthermore, the paper proves the presence of industry specifics in choosing the indicators that characterize the misstatements of companies.

West Sumatra is famous for various types of cuisine that contain a lot of spices, marinades and have good taste. This can be either culinary or cooking traditional cakes. One of the traditional cakes are brittle or known by Rakik. These efforts form of home industry. This study is a survey of two industry tanggga rakik house in the district of Padang Pauh, which had stood for 20 years, namely Mrs. Fatmawati Rakik Enterprises and Enterprises Rakik Mother Yulidar. Various problems faced by the domestic industry of which this is still traditional activities, lack of good financial management, packaging products and trademarks are less attractive, and yet the drafting of financial statements in accordance with standards (SAK-ETAP).

This paper analyzes the financial performance of PT Wijaya Karya (Persero) Tbk. compared to the total industry based on Financial Ratio Analysis. The data used are the financial statements for the period 2014-2019 which are listed on the Indonesia Stock Exchange as many as 17 companies. Of these, 12 companies had complete financial reports. Thus the industrial data used in the sample in this paper is data from 12 companies. The data analysis method in this research is descriptive statistical analysis and financial ratio analysis. The results of this study are expected to be a benchmark in assessing the financial performance of PT Wijaya Karya Tbk

The current state and trends in developing logistics activities at machine-building enterprises is studied through evaluating the efficiency of financial flows. It is noted that studying the current state and trends in the logistics activities at machine-building enterprises is a necessary condition for the revival of mechanic engineering in our country. It is noted that the machine-building industry has specific features in management, which are associated with high costs for raw materials, energy, transportation, and labor resources. Mostly, products of machine-building enterprises have a fairly long usage (consumption) cycle, and are quite large, so their sale causes problems during periods of economic crisis, in contrast to, for example, food products. It is established that for the industry to undergo sustainable development, it needs to attract capital investments. The general problem with the level of financing, including the machine-building industry, negatively affects the prospects for reorganizing the production cycle, involving innovative technologies, introducing resource- and energy-saving processes in production, complying with environmental management. It is this set of conditions that is the key to making products of Ukraine’s machine-building industry attractive for global market consumers, and therefore, to increasing financial flows. As a result of the study, a methodological approach to evaluating the logistics activities at machine-building enterprises by selected indices of financial logistics is suggested, where the indices can be calculated on the basis of the annual financial statements of enterprises as for their balance (statement of financial position) and financial results (statement of comprehensive income), making it possible to identify both factors influencing the results of the economic activity of machine-building enterprises, and the degree of this influence. The calculated values of the relative efficiency ratios of financial logistics in managing accounts receivable and payable related to product flows can serve as input data to build a mathematical model for forecasting the efficiency of logistics activities at machine-building enterprises in Ukraine

The paper examines the market efficiency of nine industry sectors of the IDX market. Using an event window of 30 days post-earnings announcement stock returns after the public announcement of the financial statements as of 31 December 2018, the study tests the significance of cumulative average abnormal returns surrounding the earnings announcement. The study concludes that there are significant variances in the market efficiency towards earnings announcement across nine industry sectors in IDX. The finding indicates that the industry-specific factors influence the level of abnormal returns surrounding the earnings announcement. However, the findings reject the market efficiency in agriculture (AGRI) and property, real estate, and building (PROP) industries. The results illustrate that the miscellaneous industry (MISC) reacts immediately to the earnings announcement, but its significance is only for a short period. The infrastructure, utilities, and transportation (INFRA) industry show delays in its response to the announcement but continuously significant for a relatively long period. Other industries of mining (MINING), basic industry and chemicals (BASIC), construction, real estate, and building (CONS), financial (FIN), as well as trading, services, and investments (TSI), report significant negative CAARs in all investigated windows. The One Way ANOVA testing concludes that the nine industries' cumulative average abnormal returns on IDX are significantly different from each other sectors.

The framework of a construction industry could be identified by the nature of the work, by material type, contract volume, difficulty, and position of end products. In the planning phase of the construction projects, two fundamental constraints should be taken into account, and they include; quality and cost. To ensure a successful outcome, it is crucial to evaluate both limitations in the project's schedule and implementation. The management, economics, and quality of home construction are rapidly becoming a subject of international study, practical analysis, and execution. The construction of a project involves a broad range of complex operations. While supervising a construction operation, clients' demands and budget should inform of the adequate standard fit for quality. This is because if a project is not adequately managed, construction firms will encounter a substantial economic impact. Consequently, project management is a critical means for developing construction processes and successful completion of the project. This study gave prominence to a conversation about management, economics, and quality of home building construction. This is considering that customers are generally concerned with quality and costs when engaging professionals for procurement. The quality of the project outcome depends on prescription construction details, and the cost is the quality-related financial outcome. This study explains how residential building companies can create external partnerships, obtain direct and indirect support, and deliver optimal project results. It also explains how it is necessary to monitor and manage the quality and efficiency of the project via an enhanced economy control in the home constructions.

From their developments, food stalls, especially those in DKI Jakarta, experienced very rapid growth. The increasing number of businesses in the culinary field provides the consumers with many choices. For soup fans in Jakarta, one alternative is Jabet Sop. In one area in Kemayoran Subdistrict, Serdang District, there are several SMEs and one of them is Jabet Sop. Perbanas IKPIA, in collaboration with the DKI Jakarta Department of Industry and Energy, provided training for SMEs in making financial reports and simple bookkeeping and building adequate business facilities and infrastructure. This method of community-empowerment activities was carried out through training and mentoring programs and resolving ongoing problems by providing entrepreneurial motivation and managerial skills training, training in the use of information technology for marketing. After the training, Jabet Sop has been able to market their product through social media namely IG, become a merchant of both GrabFood and GoFood, provide decent facilities and infrastructure such as tables, and prepare financial statements and bookkeeping.

Purpose – The purpose of this paper is to describe the role and responsibilities of Shari’ah auditors in Islamic financial institutions (IFIs) in the auditing process in the IFIs, to highlight capacity building challenges in the Shari’ah auditing industry. Design/methodology/approach – The authors used a legitimacy theory to understand linkages between demand for Shari’ah audit and the role of Shari’ah auditors in IFIs complemented with the review the Accounting and Auditing Organization of Islamic Financial Institutions and Auditing Standard for Islamic Financial Institutions to understand the Shari’ah audit work requirements from an Islamic perspective. Findings – Shari’ah auditing is an emerging field of investigation. There is no doubt that conventional auditing has a significant influence on the auditing frameworks used in IFIs. Western auditing practices are undergoing a metamorphosis to meet the needs of stakeholders in the Islamic economic system. The role and responsibilities of auditors in IFIs are much broader than those found in conventional banks in relation to an examination of a variety of contracts, product structures, transactions reporting, preparation of financial statements, reports, marketing circulars and any other legal documents, which are pertinent to IFIs’ operations. Practical implications – We posit that the absence of a proper Shari’ah auditing framework and standards attuned to the needs of an Islamic economic system could dampen the future of the Islamic finance industry. The regulators and management of IFIs should meet the expectations of the stakeholders to whom they owe a duty of care by selecting competent professionals for auditing work, along with transparent policies and systems. Originality/value – This paper presents an attempt to establish auditors’ roles and responsibilities from an Islamic perspective.

China, the world's largest market for electric vehicles (EV), has put in play a state industrial policy that is seeking to upend global automakers (see Financial Times, October 12, 2017 and May 20, 2018). Exemptions from taxes and subsidy programs have favored the purchasing of an EV, which are also exempt from driving restrictions in large cities such as Beijing and Shanghai. Policies that target manufacturers include meeting production targets for EVs (the so-called dual-credit policy by the Ministry of Industry and Information Technology). China may be on the verge of becoming a global disruptor in an industry that has home market advantages of scale, lower fossil fuel imports, and significant reduction of air pollution in cities while exploiting related technologies such as lithium batteries where China has world class industrial competence. It is in China's national interest to be a game changer in the global automotive industry from fossil fuel to electricity. And building infrastructure – supercharging stations included – fits the government-directed approach that aspires to establish the country as an undisputable global leader in a high-tech sector of global significance.

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In the last few years, Brazil has undergone a profound change in the way companies are pro-vided with access to capital markets; this has required greater transparency in the preparation of financial statements and disclosure of accounts. Recent scandals in the history of the finan-cial markets that have involved the practice of accounting choices for the purpose of managing results, require users of this information to be increasingly well prepared. This study seeks to analyze the existence of evidence of management practices in the results of financial state-ments of Brazilian construction companies listed in the BM & FBovespa in the period 2000-2012. The approach adopted for the detection of results management was based on the specif-ic accruals used for panel data methods with the development and employment of a particular model that follows the pattern of the Generalized Linear Mixed Model (GLMM). The re-search revealed that the financial statements published by the Brazilian building constructors for the years 2003-2006 and 2009-2010, show signs of results management with the use of the liquid variable for the amount of real estate sold. The results also suggest that large-sized Bra-zilian building constructors tend to manage their results more than small-sized firms. On the basis of the findings of this research, it is clear that information is not being disclosed that allows an assessment of the quality and performance of companies. There is thus a need for a reform of financial disclosure policies with regard to factors linked to revenue recognition and measurement and in particular, the total budgeted costs of work performed (POC) and the scheduled completion percentage
Nos ??ltimos anos o Brasil passou por uma evolu????o no acesso de companhias ao mercado de capitais, exigindo maior transpar??ncia na elabora????o e divulga????o de informa????es cont??beis. Esc??ndalos recentes na hist??ria do mercado financeiro, envolvendo a pr??tica de escolhas cont??beis com objetivo de gerenciar resultados, exige que os usu??rios destas informa????es estejam cada vez mais preparados. Este estudo buscou analisar a exist??ncia de evid??ncias de pr??ticas de gerenciamento de resultados nas demonstra????es financeiras de construtoras brasileiras listadas na BM&FBovespa no per??odo de 2000 ?? 2012. A abordagem adotada para a identifica????o do gerenciamento de resultados foi de acumula????es espec??ficas (specifc accruals), utilizando a t??cnica de dados em painel com o desenvolvimento e aplica????o de modelo especifico seguindo a abordagem dos Modelos Lineares Generalizados Mistos. A pesquisa revelou que as demonstra????es financeiras publicadas pelas construtoras brasileiras nos anos de 2003 ?? 2006, 2009 e 2010 apresentam ind??cios de gerenciamento de resultado com a utiliza????o da vari??vel Receita l??quida de im??veis vendidos. Os resultados tamb??m apontam que as construtoras brasileiras de maior porte tendem a gerenciar seus resultados mais que as construtoras de menor porte. Com as descobertas desta pesquisa percebe-se que informa????es que permitam avaliar a qualidade e o desempenho das companhias n??o s??o divulgadas, necessitando de uma reforma nas pol??ticas de divulga????o das demonstra????es financeiras, principalmente sobre fatores atrelados a mensura????o e reconhecimento de receitas, em especifico, o custo or??ado total de obra e o percentual de obra conclu??da - POC

Following the recession of 2007-2009, conditions in the housing and finance industries favored an increase in renter occupied homes relative to owner occupied homes. With rental properties comprising an increasing share of the housing supply, the home building industry should consider housing products that meet the needs of renters. This thesis proposes a build-to-rent product for single family home builders, to be offered as a complement to the traditional built-for-sale product. The purpose of the research is to demonstrate that a build-to-rent product is financially feasible under ordinary market conditions. In order to determine the viability of a build-to-rent product under likely market conditions, a financial model has been developed for a single family build-to rent product. The research involves reviewing the literature related to similar investment product types in order to develop a business model for the proposed build-to-rent product. The proposed model utilizes financial parameters currently in the industry, respectively, in the analysis of homebuilding projects and rental property investments. Using the analytical methods used for analogous investment classes, the author calculates a projected market range of input variables for the model. Sensitivity analysis of the model was then used to test the financial feasibility of a build-to-rent product. The analysis showed that the proposed product would be feasible under ordinary market conditions. Additional recommendations for future research has been explored based on the findings of this study.

This graduation theses analyses intercompany comparisons using one-dimensional and multi-dimensional methods. It focuses on enterprises actuating in terms of a subsegment of national economy – building industry. Factors that influence the performance of companies most in this field will be selected by using correlation coefficient. Its economic development during the years and also characteristics of the industry will be described in details.

The health and state of the German economy has been the dominant topic in the European business press since at least 1994, when the post-unification boom came to an end, and with good reason. Home to 82 million people, it is Europe’s largest economy. But it has also been the slowest-growing economy within the European Union since 1994, averaging just 1.6 per cent annually, a period in which it has also lagged behind the United States in every year except 2001. The DAX index of Germany’s top companies has experienced a sharper and more sustained downturn than the stock markets in the United States, United Kingdom, and France, indicative of a growing malaise amongst the country’s largest industrial and financial firms (Smiley 2002: 4). Inward foreign direct investment has slowed to a trickle, and a large proportion of its biggest companies are diverting their own investments to production sites abroad. The country’s share of global exports has declined from 11.8 per cent to 9.7 per cent over the decade between 1992 and 2002 (The Economist 2002a: S8). Meanwhile, the national unemployment rate has climbed to nearly 10 per cent over the same period, according to German statistics (or 8.3 per cent using European Union statistics) (The Economist 2002b: S13). There is no shortage of diagnoses for what allegedly ails the German economy these days. For many in the same business press, the answer is seductively simple: Germany is ‘stifled by a hugely restrictive and intrusive web of regulations, and weighed down by one of the most expensive, inflexible and protected labour forces in the world’ (Smiley 2002: S4). While there is undoubtedly some truth to this assessment, it is also simple-minded in the extreme. This chapter provides an alternative interpretation of the roots of Germany’s economic problems by focusing on one of its bedrock industries: mechanical engineering (in particular, its machinery and machine tool industry). Tracing the evolution of this key industry from a point early in the 1990s when it first encountered a serious competitive setback.