This study examines the factors that influence the voluntary adoption of the digital reporting of the statutory accounts and returns to the company registry (Companies House) by small private companies in the UK. We analyse survey data from 343 members of the Association of Chartered Certified Accountants working in small companies or in practices with small company clients in the UK. The data is examined using statistical methods, mainly PLS-SEM. Our results show the following factors positively influence the voluntary adoption of digital reporting by small private companies: the relative advantage from standardisation benefits, the company's technology competence and support from top management. We also provide evidence that the complexity of the company's accounting system and technology costs inversely influence this voluntary adoption. The study contributes to the emerging literature by expanding our understanding of how the standardisation of financial information flows benefits small private companies. The results should be of interest to small companies and their accountants, regulators in the UK and other jurisdictions planning digital reporting initiatives or seeking to reduce administrative burdens on smaller entities.
The aim of this paper is to examine the
impact of financial policy on rate of economic growth in Jordan for the period
of (2000-2017) taking into the considerations the fluctuations of taxation
system. Autoregressive Distributed Lag (ARDL) approach has been utilized in
order to analyze the long term relationship between study variable which are;
money supply (M2), domestic credit provided by banks (DCBS) and real Gross
Domestic Product GDP. The results shows that, money (M2) and domestic
credit provided by banks (DCBS) can effects on GDP in Jordan for the study
period. The taxation system in Jordan has been fluctuated many times during
2017 and 2018, which made the data partly not available. This led the
researchers to spend long time to find an accurate data in order to
finalize this study. This study
will add good practical evidence on the impact of changing the taxation system
positively or negatively on the economic growth.
Few studies have comprehensively described Standard Business Reporting (SBR) as a policy-driven initiative based on inline eXtensible Business Reporting Language (iXBRL) aimed at reducing the administrative burden of statutory business reporting. The SBR term is still difficult to understand even by the countries where it has been implemented. The objective of this study is twofold. First, it describes in detail the evolution of the SBR initiatives in the UK. Second, it investigates the drivers and inhibitors of the take-up of the SBR initiative by small businesses based on the technology, organization, and environment (TOE) framework. It draws on contextual data and 23 interviews with participants involved in the development of these initiatives. The findings show that the following are perceived as drivers of the take-up of the SBR initiatives by small private companies: the relative advantages of using WebFiling, commercial filing software, and the digital services, the organizational accountant's readiness, and the influence of commercial filing software. However, we find no evidence that the relative advantage of using the joint-filing facility via iXBRL was perceived as a driver of the take-up of this innovation. The findings indicate that the absence of critical mass among government agencies inhibits its diffusion. This study provides specific implications to small businesses, the accountants working in small businesses and practice, government agencies in the UK, and other jurisdictions embarking on the SBR initiatives for further developments to reduce the reporting burden on smaller entities.
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