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The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi

This study explored the financial reporting practices and financial performance of non-government organizations (NGOs). A case study of a large anonymised non-profit organisation based in Durban, KwaZulu-Natal-South Africa, was conducted. A qualitative approach was employed, and data was collected t...

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Main Author: Mvunabandi, Jean Damascene
Format: Article
Language:English
Published: Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2023
Subjects:
Small business. Medium-sized business
Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Online Access:https://ir.uitm.edu.my/id/eprint/83697/1/83697.pdf
https://ir.uitm.edu.my/id/eprint/83697/
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spelling my.uitm.ir.836972023-09-07T02:19:54Z https://ir.uitm.edu.my/id/eprint/83697/ The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi mar Mvunabandi, Jean Damascene Small business. Medium-sized business Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure This study explored the financial reporting practices and financial performance of non-government organizations (NGOs). A case study of a large anonymised non-profit organisation based in Durban, KwaZulu-Natal-South Africa, was conducted. A qualitative approach was employed, and data was collected through semi-structured interviews with 24 purposively selected participants to capture their thoughts. Data collected through interviews were supplemented by a review of internal confidential organisational documents. Transcripts, conventional thematic and document analysis, were used to analyse data. Empirical findings revealed that the selected organisation’s financial reporting practices were not fully prepared under the International Financial Reporting Standards for small and medium enterprises (IFRS for SMEs) but differed substantially in line with different formats imposed by its external donors. Relying on empirical findings, key recommendations with a view to enabling the organisation and other similar organisations globally to meet the divergent and often conflicting with requirements of all their stakeholders without losing credibility and or compromising its principles were provided. Therefore, policymakers and other key role players should act swiftly to remedy these discrepancies. This study will guide researchers to further research on subject matter. Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2023-08 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/83697/1/83697.pdf The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi. (2023) Management & Accounting Review (MAR) <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review_=28MAR=29/>, 22 (2): 6. pp. 149-182. ISSN 2550-1895
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Small business. Medium-sized business
Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
spellingShingle Small business. Medium-sized business
Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Mvunabandi, Jean Damascene
The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi
description This study explored the financial reporting practices and financial performance of non-government organizations (NGOs). A case study of a large anonymised non-profit organisation based in Durban, KwaZulu-Natal-South Africa, was conducted. A qualitative approach was employed, and data was collected through semi-structured interviews with 24 purposively selected participants to capture their thoughts. Data collected through interviews were supplemented by a review of internal confidential organisational documents. Transcripts, conventional thematic and document analysis, were used to analyse data. Empirical findings revealed that the selected organisation’s financial reporting practices were not fully prepared under the International Financial Reporting Standards for small and medium enterprises (IFRS for SMEs) but differed substantially in line with different formats imposed by its external donors. Relying on empirical findings, key recommendations with a view to enabling the organisation and other similar organisations globally to meet the divergent and often conflicting with requirements of all their stakeholders without losing credibility and or compromising its principles were provided. Therefore, policymakers and other key role players should act swiftly to remedy these discrepancies. This study will guide researchers to further research on subject matter.
format Article
author Mvunabandi, Jean Damascene
author_facet Mvunabandi, Jean Damascene
author_sort Mvunabandi, Jean Damascene
title The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi
title_short The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi
title_full The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi
title_fullStr The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi
title_full_unstemmed The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements / Jean Damascene Mvunabandi
title_sort difference between non-profit organization financial reporting practices and financial performance in relation to ifrs for smes and government requirements / jean damascene mvunabandi
publisher Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/83697/1/83697.pdf
https://ir.uitm.edu.my/id/eprint/83697/
_version_ 1778165959483195392
score 13.211869

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