International Journal of Accounting & Finance Review 2021-09-29T17:33:21+00:00 Anderson Zee Open Journal Systems International Journal of Accounting & Finance Review (IJAFR),Accounting & Finance Review,Accounting, Finance USING ERP SYSTEM TO TEACH ACCOUNTING COURSES 2021-09-23T14:45:46+00:00 Benjamin Bae C. Christopher Lee <p><em>This paper discusses the use of Enterprise Resource Planning (ERP) systems as a teaching tool in Accounting Courses.&nbsp; Students can understand better the accounting cycle and business transaction processing by doing exercises and projects using the ERP system because it clearly shows the complete transaction cycle from the beginning to the end in a systematic and integrated way.&nbsp;&nbsp; Specifically, practical suggestions and usages in the class setting are illustrated based on the SAP system. This hands-on and active learning approach greatly enhances the learning of Accounting Courses such as financial and managerial accounting courses, finance courses, and information systems courses.</em></p> <p><strong>JEL Classification Codes:</strong> G2, M1, M4.</p> 2021-09-23T14:45:10+00:00 ##submission.copyrightStatement## THE EFFECT OF ADOPTION OF IFRS BASED ACCOUNTING STANDARDS: INDIAN EVIDENCES OF ENHANCED VALUE RELEVANCE AND UNIFORMITY 2021-09-23T18:48:03+00:00 Somnath Banerjee Satyajit Dhar Anirban Dutta <p style="text-align: justify;"><em>This study examines how relevant the accounting information was for the value of the firm prior to 2016, when India had the indigenous Accounting Standards, and after 2016 when India adopted new accounting standards known as IND-AS, which were the convergence standards mostly in line with IFRS. As an extension to this, we have performed another round of analysis to observe whether the enhanced value relevance is symmetrically distributed among big and small firms. We have used the price regression model of (Barth et al, 2008) on 1770 firm-years data of Indian firms and applied panel data analysis. We have found 66% adjusted R<sup>2</sup> under OLS method for the period prior to 2016 and 78% for the post-change period. Further to this, big and small firms, in the new regime, have shown 84% and 89% adjusted R<sup>2</sup>. From the results, we have found substantial improvement in value relevance of accounting information in the IND-AS period. We have also found that the enhanced value relevance is uniformly distributed across firms irrespective of firm-size.</em></p> <p style="text-align: justify;"><strong>JEL Classification Codes:</strong> M41.</p> 2021-09-23T18:47:59+00:00 ##submission.copyrightStatement## LIQUIDITY MANAGEMENT AND FINANCIAL PERFORMANCE OF LISTED OIL AND GAS COMPANIES IN NIGERIA 2021-09-29T17:33:21+00:00 Ismail Alhassan K. M. Anwarul Islam <p><em>The purpose of this paper is to figure out the link between liquidity and profitability, as well as the impact of liquidity on profitability. Ten listed companies with a bigger market share in the oil and gas sector of the Nigerian economy were subjected to a fixed panel regression study. Secondary data was gathered for ten years, from 2011 to 2020, from their published annual reports. Profit after tax (PAT), Return on Asset (ROA), and Return on Equity (ROE) were used to determine profitability (ROE). Internal liquidity variables such as equity, debt, and sales were utilized to determine the behavior of the dependent variable, but external elements such as lending interest rate and exchange rate were employed to further explain profitability behavior. The data were analyzed using a multiple regression approach. The findings reveal that debt has a significant negative impact on companies' profitability. Similarly, equity capital, as well as retained earnings, are more beneficial to firms than the debt financing of the oil and gas sector. The study, therefore, recommends that oil and gas firms should boost their equity capital, improve their revenues, increase their retain earnings, and reduce debt financing to enable them to generate more wealth for shareholders. </em></p> <p><strong>JEL Classification Codes:</strong> F65.</p> 2021-09-29T17:22:50+00:00 ##submission.copyrightStatement##