Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in Vietnam
This study determines and measures the factors affecting the perception and applicability of fair value accounting by related personnel in enterprises, including business owners, managers, accountants, and internal auditors. At the same time, it analyzes the relationship between applied perception a...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2023-02-01
|
| Series: | Problems and Perspectives in Management |
| Subjects: | |
| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17756/PPM_2023_01_Thanh.pdf |
| _version_ | 1797798263135404032 |
|---|---|
| author | Tung Nguyen Thanh Hai Phan Thanh Nhan Ho Van Tien-Thuy Thi Vo Mai Thi Thuong |
| author_facet | Tung Nguyen Thanh Hai Phan Thanh Nhan Ho Van Tien-Thuy Thi Vo Mai Thi Thuong |
| author_sort | Tung Nguyen Thanh |
| collection | DOAJ |
| description | This study determines and measures the factors affecting the perception and applicability of fair value accounting by related personnel in enterprises, including business owners, managers, accountants, and internal auditors. At the same time, it analyzes the relationship between applied perception and the applicability of fair value accounting. 808 respondents, working in 350 construction enterprises in Vietnam, participated in the survey. This study combines qualitative and quantitative methods using SPSS and AMOS 20 with different techniques and structural equation modeling. The study results show that the applied perception significantly affects the applicability of fair value accounting at construction enterprises in Vietnam. Besides, eight different factors influence the applied perception of fair value accounting. Notably, six factors positively influenced the applied perception, including usefulness, reliability, cost-benefit relationship, size of the enterprise, qualification of accountants, and independent auditors. In contrast, two factors, legal matters and tax pressure, negatively affected the applied perception. This study suggests that managers of Vietnam’s construction enterprises develop solutions to improve the applied perception and applicability of fair value accounting, thereby perfecting the system accounting and improving business performance.
AcknowledgmentThis study is conducted within the framework of the doctoral project subject to Decision No. 1407/QD-ĐHDT dated May 22, 2020, Duy Tan University, Vietnam. The authors would like to acknowledge the reviewers and the editor-in-chief for their assistance. |
| first_indexed | 2024-03-13T04:00:54Z |
| format | Article |
| id | doaj.art-3f98f2176c404ea8a069af0c2fcb4a11 |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-03-13T04:00:54Z |
| publishDate | 2023-02-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-3f98f2176c404ea8a069af0c2fcb4a112023-06-21T11:20:09ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672023-02-0121126427810.21511/ppm.21(1).2023.2317756Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in VietnamTung Nguyen Thanh0https://orcid.org/0009-0000-9651-4441Hai Phan Thanh1https://orcid.org/0000-0003-2176-9153Nhan Ho Van2https://orcid.org/0009-0002-7633-0535Tien-Thuy Thi Vo3https://orcid.org/0009-0002-3300-9661Mai Thi Thuong4https://orcid.org/0009-0009-5103-1935Ph.D. Candidate, Finance and Accounting Faculty, School of Business and Economics, Duy Tan UniversityPh.D., Associate Professor, School of Business and Economics, Institute of Research and Development, Duy Tan UniversityPh.D., Graduate School, Duy Tan UniversityMAc, VNUK Institute for Research and Executive Education, The University of Danang, Da NangMBA, Faculty of Hotel Management, Hospitality and Tourism lnstitute, Duy Tan UniversityThis study determines and measures the factors affecting the perception and applicability of fair value accounting by related personnel in enterprises, including business owners, managers, accountants, and internal auditors. At the same time, it analyzes the relationship between applied perception and the applicability of fair value accounting. 808 respondents, working in 350 construction enterprises in Vietnam, participated in the survey. This study combines qualitative and quantitative methods using SPSS and AMOS 20 with different techniques and structural equation modeling. The study results show that the applied perception significantly affects the applicability of fair value accounting at construction enterprises in Vietnam. Besides, eight different factors influence the applied perception of fair value accounting. Notably, six factors positively influenced the applied perception, including usefulness, reliability, cost-benefit relationship, size of the enterprise, qualification of accountants, and independent auditors. In contrast, two factors, legal matters and tax pressure, negatively affected the applied perception. This study suggests that managers of Vietnam’s construction enterprises develop solutions to improve the applied perception and applicability of fair value accounting, thereby perfecting the system accounting and improving business performance. AcknowledgmentThis study is conducted within the framework of the doctoral project subject to Decision No. 1407/QD-ĐHDT dated May 22, 2020, Duy Tan University, Vietnam. The authors would like to acknowledge the reviewers and the editor-in-chief for their assistance.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17756/PPM_2023_01_Thanh.pdfapplicabilityapplied perceptionconstruction enterprisesfair value accountingstructural equation modeling |
| spellingShingle | Tung Nguyen Thanh Hai Phan Thanh Nhan Ho Van Tien-Thuy Thi Vo Mai Thi Thuong Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in Vietnam Problems and Perspectives in Management applicability applied perception construction enterprises fair value accounting structural equation modeling |
| title | Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in Vietnam |
| title_full | Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in Vietnam |
| title_fullStr | Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in Vietnam |
| title_full_unstemmed | Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in Vietnam |
| title_short | Factors affecting applied perception and applicability of fair value accounting: The case of construction firms in Vietnam |
| title_sort | factors affecting applied perception and applicability of fair value accounting the case of construction firms in vietnam |
| topic | applicability applied perception construction enterprises fair value accounting structural equation modeling |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17756/PPM_2023_01_Thanh.pdf |
| work_keys_str_mv | AT tungnguyenthanh factorsaffectingappliedperceptionandapplicabilityoffairvalueaccountingthecaseofconstructionfirmsinvietnam AT haiphanthanh factorsaffectingappliedperceptionandapplicabilityoffairvalueaccountingthecaseofconstructionfirmsinvietnam AT nhanhovan factorsaffectingappliedperceptionandapplicabilityoffairvalueaccountingthecaseofconstructionfirmsinvietnam AT tienthuythivo factorsaffectingappliedperceptionandapplicabilityoffairvalueaccountingthecaseofconstructionfirmsinvietnam AT maithithuong factorsaffectingappliedperceptionandapplicabilityoffairvalueaccountingthecaseofconstructionfirmsinvietnam |