Impact of management style on financial reporting



ACKNOWLEDGEMENT

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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Date: __________________________

DECLARATION

I , hereby declare to the best of my knowledge that all the contents of this thesis represent my personal authentic work, and that no such thesis has been previously submitted for any academic examination or any other qualification. Additionally, it is a representation of my own personal opinions, and does not have anything to do with those of the University.

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Abstract

The research focuses on identifying the Impact of management style on financial reporting. The research reviews a decent amount of literature to properly identify factors and issues involved in the management of such factors, and the impact on financial reporting. Different organizations in different countries are known to have different reporting styles based on the leadership style adopted. It is well known that cultural difference relate to different management styles in different countries making huge differences in a number of different areas, including but not limited to their financial reporting. Some of the most apparently different management styles and their effect on organizational differences can be seen in the US, Japan, China, and other Asian and Europeans countries. The successful implementation of such procedures ensures the effectiveness of the business in the long run. Keeping all this in mind, we fail to reject H1, H3, H5, and H7.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 01: INTRODUCTION1

Back Ground of the Study1

Effect of Employees on Management role2

Organizational Culture4

Bureaucratic Structure4

Leadership in Change5

Authoritarian Style5

Cooperative Style6

Participative Style6

Style Mentor7

Affinitive Style8

Management Accounting8

Financial reporting9

Better Budgeting10

Activity Based Budgeting (ABB)10

Zero Based Budgeting (ZBB)11

Rolling Budgets and Forecasts11

Value-based management11

Profit planning12

Financial Reporting Standards12

CHAPTER 02: LITERATURE REVIEW14

Lewin's Model of Change14

Stage 1: Unfreezing15

Stage 2: Change15

Stage 3: Refreezing16

Leadership and Change18

Change20

Effects of Management style on training and employees21

Corporate governance23

Corporate governance and its impact on financial reporting23

Strengths and Weaknesses of the Paradigm24

CHAPTER 03: METHODOLOGY27

Overview27

Research Design27

Descriptive Research28

Exploratory Research28

Data Collection Methods28

CHAPTER 04: RESULT AND DISCUSSION29

Beyond Budgeting29

Organizational Justice Theory30

The impact on financial accounting reporting by implementing IFRS32

FASB and IASB Integration34

International Accounting Standards Board (IASB)34

Financial Accounting Standards Board (FASB)35

Challenges in IFRS36

Cost and Benefit36

SEC Proposes Roadmap for Using IFRS37

Considerations37

CHAPTER 05: LIMITATIONS OF THE STUDY39

CHAPTER 06: CONCLUSION AND FUTURE RECOMMENDATIONS40

Financial reporting standards40

Financial reporting implementation41

Traditional and innovative methods42

Types of Management Accounting43

Techniques of Management Accounting43

DECISION MAKING SUPPORT44

STRATEGIC AND TACTICAL DECISIONS44

ORGANIZING AND FINANCIAL REPORTING45

THE PERFORMANCE SYSTEM46

REFERENCES48

CHAPTER 01: INTRODUCTION

The research focuses on identifying the Impact of management style on financial reporting. The research reviews a decent amount of literature to properly identify factors and issues involved in the management of such factors, and the impact on financial reporting hem.

Back Ground of the Study

Different organizations in different countries are known to have different reporting styles based on the leadership style adopted. It is well known that cultural difference relate to different management styles in different countries ...