Journal of Accounting and Finance https://articlegateway.com/index.php/JAF <p style="text-align: justify;">The <strong>Journal of Accounting and Finance (JAF)</strong> is dedicated to the advancement and dissemination of research across all the leading fields of financial inquiry by publishing, through a blind, refereed process, ongoing results of research in accordance with international scientific or scholarly standards. Articles are written by business leaders, policy analysts and active researchers for an audience of specialists, practitioners and students in all areas related to financial and accounting in business and education. Studies reflecting issues concerning budgeting, taxation, process, investments, regulatory procedures, and business financial analysis are suitable themes. JAF also covers theoretical and empirical analysis relating to financial reporting, asset pricing, financial markets and institutions, corporate finance, and corporate governance. Articles of regional interest are welcome, especially those dealing with lessons that may be applied in other regions around the world.</p> en-US <div><span class="theme-text-color-1-2">Please review our <a href="http://www.nabpress.com/copyright" target="_blank" rel="noopener"><span class="label">Copyright Notice</span></a>.</span></div> jaf@nabpress.com (JAF Editor) dsmith@nabpress.com (Articlegateway Admin) Tue, 19 Nov 2024 22:31:19 -0500 OJS 3.3.0.17 http://blogs.law.harvard.edu/tech/rss 60 Production Costs Recognition: Time-Based Methodologies https://articlegateway.com/index.php/JAF/article/view/7360 <p>This analysis presents a review of time-based costing methodologies: Time-Driven Activity-Based Costing (TDABC), Duration-Based Costing (DBC) and Program Accounting Costing (PAC). Cost accounting systems are crucial for businesses to allocate costs to make informed business decisions. TDABC, DBC and PAC are approaches in this domain, offering unique advantages and applications. The concepts, methodologies, advantages, and limitations of each approach are explored to provide insights into their suitability for different industries and organizational contexts. The analysis finds comparing Time-Driven Activity-Based Costing, Duration Based Costing and Program Accounting Costing are analogous methodologies with different applications relating to timing cost recognition and are like comparing triples wearing the same but different colored outfits.</p> Steven Goad, Mary Fischer Copyright (c) 2024 Journal of Accounting and Finance https://articlegateway.com/index.php/JAF/article/view/7360 Fri, 15 Nov 2024 00:00:00 -0500 Financial Statement Forecasting and Financing https://articlegateway.com/index.php/JAF/article/view/7361 <p>Using a “plug” figure or “slack term” within a pro forma analysis is the standard method to allow a forecasted balance sheet to have assets equal to liabilities and equity. Seemingly, different types of plug values are demonstrated to be mathematically linked to each other. Further, by exploring cash as a plug figure, a solution emerges for a “target revenue growth rate” in which cash is not depleted. If a private equity venture can generate revenue growth above the target revenue growth rate, cash will accumulate and improve the return on the private equity investment.</p> Tom Arnold, Kenneth P. Moon Copyright (c) 2024 Journal of Accounting and Finance https://articlegateway.com/index.php/JAF/article/view/7361 Fri, 15 Nov 2024 00:00:00 -0500 The Value of Non-Value Activities https://articlegateway.com/index.php/JAF/article/view/7364 <p>The essence of manufacturing is first an idea, then a facility, then the purchase of raw materials, then hiring of labor, then we turn on the electricity and transform raw material into our product. This essence gives a foundation we can build on. Many believe only value-added activities such as materials and labor add value to the product. However, others believe that activities such as inspections, machine setups, and even wait time adds value to the product. The premise of this paper is anything you are willing to pay for has value, even if it labeled a “so-called” non-value-added activity and buyers willingly pay for non-value added activities every time a product is purchased. The question becomes: “What is the value of Non-Value added activities?”</p> W. Terry Dancer, Harshita Chopra, Anh Duong Copyright (c) 2024 Journal of Accounting and Finance https://articlegateway.com/index.php/JAF/article/view/7364 Tue, 19 Nov 2024 00:00:00 -0500