Practical knowledge in preparing financial statements and ICT-enabled financial plans: An empirical study among entrepreneurial students in Oman

Thottoli, Mohammed Muneerali

doi:10.15678/ier.2021.0701.02

Cited by 12 publications

(5 citation statements)

References 33 publications

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“…Finally, it is suggested that CSR spending should make as a compulsory provision to all the listed companies in Oman. In the future, if CSR spending (say, 0.5% on profit after tax) made compulsory, as per generally accepted accounting principles (GAAP) can enable firms or companies to determine automatically by information communication technology (ICT) enabled accounting, auditing and compliance (Thottoli, 2020a, b, 2021d; Thottoli et al ., 2019a, b, c; Thottoli and Thomas, 2020).…”

Section: Discussionmentioning

confidence: 99%

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

Thottoli

Thomas

2021

RAMJ

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PurposeThe current study seeks to examine the impact of web marketing (through the company's website) on corporate social responsibility (CSR) and firms' performance across companies listed in the Muscat Stock Exchange (MSX), Oman.Design/methodology/approachThis research analyses qualitative and exploratory data taken from companies' website, annual reports (the financial year 2019), Google search and CSR report from 69 out of total 117 listed companies in the MSX to analyze the impact of web marketing on CSR and firms' performance proxied by return of assets (ROA), return of equity (ROE) and Tobin's Q (TQ).FindingsWeb marketing on CSR positively affects firms' performance. Especially, the positive effect of web marketing on firms' performance is stronger for listed companies. Web marketing enhances financial performance proxied by ROA, ROE and TQ.Practical implicationsThe research findings provide new insights that are able to enlighten governing bodies in Oman to make standardized compulsory CSR spending (say, 0.5% on profit after tax) by listed companies in MSX.Originality/valueThis research presents evidence that web marketing on CSR can increase firms' performance and brand image among stakeholders. This is the first study to examine the impact of web marketing on CSR and firms' performance using empirical data in Oman.

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Section: Discussionmentioning

confidence: 99%

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

Thottoli

Thomas

2021

RAMJ

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“…Cloud computing-based technology enforces certain threats, such as, for instance, inadequate protection in terms of data security and confidentiality (Chou, 2015). Internet hackers are endangering organizations, individuals and other organizations by stealing data or by triggering business operational disruption that can have a significant effect on the reliability of source data entered in the financial statements (Barta, 2018;Thottoli, 2021c). The adoption of technology includes elements such as environmental factors, the non-availability of technically experienced auditors in the job market, the size of a client's business, expectations and the unavailability of GAS in a variety of languages (Widuri et al, 2016).…”

Section: Technological Challengesmentioning

confidence: 99%

Emerging technology and auditing practice: analysis for future directions

Thottoli

Ahmed

Thomas³

2022

EJMS

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PurposeThe purpose of this paper is to explore the effects of emerging technology (technology adoption, perceived benefits, technological challenges and ease of use) and the auditing practice of accounting professionals.Design/methodology/approachThe primary method of data collection was a questionnaire directed to newly practicing chartered accountants who are partners of sole proprietorship or partnership firms in India. The data were analyzed by using partial least squares structural equation modeling (PLS-SEM).FindingsThe findings revealed that there is a positive and significant relationship between characteristics of emerging technology (technology adoption, technological challenges and ease of use) and auditing practice, while factors of the perceived benefits had a negative relationship with auditing practice.Research limitations/implicationsThe study model would aid technology enabled audit research by giving a platform for a new study to investigate further detailed solutions to emerging information technology determinants.Practical implicationsThis study illustrates how tools technique perceived benefit motivates sole proprietorship practicing auditors to adopt emerging technology- enabled auditing software for auditing client's financial statements. Further, this study has added to the information technology auditing literature and might add benefits to the numerous other audit firms to adopt in emerging technology tools their audit firm.Social implicationsAudit firms, generally sole proprietorship and partnership firms, should be given enough awareness about the latest audit software tools to carry out their audit tasks efficiently.Originality/valueThe study findings highlight benefits of emerging technology-enabled auditing practice among owners/partners of the sole proprietorship or partnership firms, which is not extensively discussed in the prior studies. Furthermore, it broadens knowledge of perceived benefit, technological challenges and ease of use in technology-enabled audit software in the auditing and accounting literature.

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“…With an emphasis on evolving the flea market, the digital revolution in financial services introduces business opportunities to transform its business model for social and economic development for a better customer experience (Abdulquadri et al, 2021). This research problem is exacerbated by the fact that information communication technology (ICT) and research on digital transformation have traditionally been conducted in academic silos (Thottoli, 2021a(Thottoli, , 2021b(Thottoli, , 2022. Thus, theoretically significant insights on what are the emerging topics in the field of digital transformation in financial services are currently unavailable.…”

Section: Introductionmentioning

confidence: 99%

Embracing Digital Transformation in Financial Services: From Past to Future

Thottoli,

Islam,

Yusof

et al. 2023

Sage Open

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Financial services are significantly impacted by digital transformation, which has been believed as one of the primary trends reshaping society and industry. A comprehensive understanding of digital transformation from an academic and management perspective is required, and it is crucial to close the knowledge gap using bibliometric and qualitative research techniques. Hence, the purpose of this paper is to identify the extensive research themes in digital transformation in financial services from 2000 to 2021, their significance and interdependencies, to determine which trending topics seem to be the most influential, to trace the evolution of digital transformation in the financial service, and to address new and under-researched field of research that is intriguing for future research. This study used a bibliometric analysis of 288 peer-reviewed research articles published over the last 22 years in digital transformation in financial services. The data were extracted from the Scopus database and used various bibliometric analyses such as conceptual structure analysis, co-citation network analysis, social structure, and keyword analysis using R software. The findings show an overall increasing trend in journal publications, author productivity, collaborative research by institutions, and countries’ collaboration from the year 2019, as well as major insights from co-citation analysis. According to Lotka’s law, most authors (769, or 95.77%) contributed only one article. In addition, the study assesses multiple research areas, such as the effects of digital transformation in financial services, applied technology and insights, and digitalization processes, comprising the latest trending topics in this research stream that extensively cover up in financial services. One of the limitations of this study is that it used only a single database. The author recommends that the findings of this research be reinforced with more targeted and extensive qualitative literature in this field of study. This study establishes a framework for policymakers, academics, and researchers to investigate the areas where digital technologies influence financial services. This study also highlighted several cutting-edge digital technologies used for different functions of the financial services of an organization. This study illustrates the bibliometric structure of the digital transformation literature in financial services and provides insights into the literature’s growth year over year. It provides a comprehensive understanding of this evolving field, guiding future research and facilitating informed decision-making in the financial industry.

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Practical knowledge in preparing financial statements and ICT-enabled financial plans: An empirical study among entrepreneurial students in Oman

Cited by 12 publications

References 33 publications

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

Emerging technology and auditing practice: analysis for future directions

Embracing Digital Transformation in Financial Services: From Past to Future

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