Mustafa Üç | International Association of Universities (original) (raw)

Papers by Mustafa Üç

Optimum ekonomi ve yönetim bilimleri dergisi, Jul 10, 2016

This study examines whether there are differences in accounting of goodwill among IFRS, SKK (Alba... more This study examines whether there are differences in accounting of goodwill among IFRS, SKK (Albanian Accounting Standards) which it is an adoption of IFRS and Albanian tax regulations. The study first presents general theory of intangible assets. This is followed by an elaborate explanation of goodwill which includes a deeper discussion about estimation and valuation and accounting treatment of goodwill. The accounting treatment of goodwill regarding to IFRS and local regulations is analyzed by a real case of purchased goodwill of Albtelecom Sh.A, a telecommunication company which provides fix telephony and internet service. The results of the case study indicate differences between IFRS and Albanian tax legislation in accounting treatment of goodwill, while between IFRS 3 and SKK 9 there is not any difference. According to both standards, goodwill is recognized by purchase method and it is subject to annual impairment test. However, instruction "On Income Tax" requires that, intangible assets such as purchased goodwill, amortized at a rate to allow for the fiscal effect of 15% which is applied on historical costs which may be added the costs of upgrading and renewal of the assets.

Accounting and Finance Research, Aug 1, 2017

This paper aims to reveal the attitudes of internal auditors, towards overall internal audit prac... more This paper aims to reveal the attitudes of internal auditors, towards overall internal audit practices in the post-communist country of Albania. The study presents the current state of internal audit practices in Albania from eyes of the internal auditors themselves. The study will explore the independence of the internal auditors, the level of professionalism they exhibit, the use of international standards, and whether current regulations are resulting in higher quality work in the profession. In order to study these objectives, a 169-person questionnaire was conducted, all participants where internal auditors from public and private sectors in Albania. The research findings of the study reveal that internal auditors can be assessed as independent in Albania, and that the private sector is the most independent. Regarding professionalism, internal auditors are able to detect and prevent fraud in companies. In this paper, we examine the international standards of auditing that are used by Albanian auditors; the international standards are really useful for internal auditors in Albania, even though there is much room for improvement. The number of participants was limited of 169 and analyzed one country. For the future researches questionnaire can be conducted more than one country to have comparative analysis. One improvement needed is the adaptation of the international standards in national regulations. This will make the international standards easier to apply and understand the standards in Albania.

Turkish Economic Review, 2015

This research aims to describe the Kosovo’s accounting regime by comparing its previous and prese... more This research aims to describe the Kosovo’s accounting regime by comparing its previous and present status which is developed a lot during recent years. The developments occurred because of the need to track and record accounting information in an efficient way toward the purpose of decreasing the violation of government regulations and increasing the consciousness of accountants in this field. Therefore it is crucial for the accounting system to function in an appropriate way, because it is directly related to the economical development and good organization of the financial market in the state of Kosovo. Since the state is still passing through the period of transition, many changes have occurred on the principles of the accounting system.The methodology used while making this research is the semi-structured interviewing. By this method the literature of Kosovo was reviewed and the results and findings are based on consultations with business firms, professionals at the field of a...

International Journal of Auditing Technology

Bu çalısma ile muhasebe isleyisi üzerinde etkili olan muhasebe teorileri genel hatları ile incele... more Bu çalısma ile muhasebe isleyisi üzerinde etkili olan muhasebe teorileri genel hatları ile incelenecektir. Bu baglamda teori olusturma yaklasımı ele alınacak, çesitli muhasebe teorileri üzerinde durulacak ve ardından bu muhasebe teorilerinin özellikleri ve birbirlerinden ayrılma noktaları belirlenecektir. Ardından muhasebede standart koyma ve düzenleme yapma konusuna muhasebe teorileri üzerinden bakılmaya çalısılacaktır.In this study, accounting theories that are effective on operations of accounting is analyzed. With this aim, the approach of constructing theory is analyzed, various accounting theories are discussed and characteristics and differences of theories is determined. And then standardizations and regulations are considered over the accounting theories

Afyon Kocatepe Üniversitesi Sosyal Bilimler Enstitüsü, 2009

Tax authorities often are doubtful on the regulation of accounting and they fear to accept the ta... more Tax authorities often are doubtful on the regulation of accounting and they fear to accept the tax treatment of bank loan losses which it reduces income taxes paid by banks. The banks and bank regulators generally want the tax rules for recognizing loan losses to conform closely to regulatory accounting in order to encourage banks not to under-provision for loan losses and to ensure a current tax benefit from loss provisions. In recent years, a sharp increase in the level of Non Performing Loans (NPL) in the banking system triggered mainly by the effects of the economic crisis but also emphasized by other internal and external factors. Other problems are present in the environment such as: lack of reliable financial information, clients' poor business planning and execution, inefficient collateral collection processes etc. (Deloitte-Albania, 2013) In this paper, accounting theory will help us to understand and evaluate better the actual practice of loan loss provisions and their tax treatment in Albania. Also it will show us the way how to address for the actual debate between the banks and tax authority regarding the fiscal treatment of loan loss provisions. This paper aims to explain, when and how loan losses provisions should be recognized as a deductible expense for tax purposes by using the accounting theory. To address these issues financial accounting, according to International Financial Reporting Standards (IFRS) and regulatory accounting, according to central bank in Albania, Bank of Albania (BoA) of loan losses provisions must be considered.

Muhasebe ve Denetime Bakış, May 1, 2011

Bu çalışma ile muhasebe işleyişi üzerinde etkili olan muhasebe teorileri genel hatları ile incele... more Bu çalışma ile muhasebe işleyişi üzerinde etkili olan muhasebe teorileri genel hatları ile incelenecektir. Bu bağlamda teori oluşturma yaklaşımı ele alınacak, çeşitli muhasebe teorileri üzerinde durulacak ve ardından bu muhasebe teorilerinin özellikleri ve birbirlerinden ayrılma noktaları belirlenecektir. Ardından muhasebede standart koyma ve düzenleme yapma konusuna muhasebe teorileri üzerinden bakılmaya çalışılacaktır.

The aim of this study is to define the content and the importance of the Sustainability Reporting... more The aim of this study is to define the content and the importance of the Sustainability Reporting, which is a non-financial reporting procedure, prepared by organizations in order to be more transparent and accountable by giving the necessary and reliable information for the decision making processes. It describes also the interdependency between non-financial and financial issues in today’s global environment. The research context is that of higher education. The method is based on a pilot case study for creating the Epoka Center of Service Systems Sustainability (ECOSSS). Because this is a pilot study, there are not actual results but only expected ones. The expected results of the center are: a) to provide the annual sustainability report of Epoka University that would affect directly the ranking, creditability and reporting experience of the University as a whole; b) to offer research, consultation, workshops and training programs. The engagement in these programs and activities...

Muhasebe ve Finans Tarihi Araştırmaları Dergisi, Jan 25, 2021

Auditing is a systematic process of objectively obtaining and evaluating evidence regarding asser... more Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic operations and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users. Albania as a developing country, coming from a socialist regime after the 1990s, is passing through a deep transformation process passing from a socialist and centralized economy to a public economy where the free market economy rules are applied. Objectives of this study are to analyze the historical developments from 1990`s up to now of the auditing profession, legal regulations and education in Albania.

Handbook of Research on Waste Management Techniques for Sustainability

Life cycle costing supports sustainability by stressing the costs not only in the production and ... more Life cycle costing supports sustainability by stressing the costs not only in the production and selling phases but also considering the costs which are incurred after the sale of the products. This chapter reveals main characteristics of life cycle costing as follows: Life cycle costing also includes production costs which are; (a) research and development costs, (b) marketing, selling, distribution and design costs, (c) and also user costs. User costs have three dimensions: transaction costs, maintenance costs, and disposal costs. Therefore one can simply assert that life cycle costing has a broader approach in the calculation of the costs compared to other conventional costing systems. After introducing the main characteristics and basic definitions of life cycle costing, this chapter will discuss the implementation of life cycle costing in comparison with other conventional costing systems. Following this, we will analyze the link between life cycle costing, waste management and...

The 2nd International Symposium on Sustainable Development was held on the premises of Internatio... more The 2nd International Symposium on Sustainable Development was held on the premises of International Burch University in Sarajevo, on June 8-9 2010. Participants from five different countries and more than four hundred academics participated in this distinguished event. After the opening remarks and keynote speech, concurrent sessions were held which were designed according to the theme of the proceedings in different disciplines. There were three main categories in the symposium: economy and management, social sciences, and science and technology. In this paper, after giving information on the opening remarks that common part for all categories in the conference, I review only the economy and management sessions of the symposium.

Accounting is a knowledge system which records, classifies and summarizes the economic activities... more Accounting is a knowledge system which records, classifies and summarizes the economic activities of the companies. In this turn accounting has very close links with many social economic factors that shapes an accounting system in a coıuntry. The aim of this paper ...

Optimum Ekonomi ve Yönetim Bilimleri Dergisi, 2016

Following the collapse of communism in 1990, Albania introduced with capitalism as new economic o... more Following the collapse of communism in 1990, Albania introduced with capitalism as new economic order in the country. Since that time, Albanian economy has been developing day by day especially depends on some sectors. The construction industry in Albania has recorded significant growth during these transitional years. Business environment refers to the aspects that surround the business enterprise which has influence on the functioning of the business. Businesses are affected by internal and external environment factors. While, the businesses are able to control and manage internal factors, external factors are beyond of the control of businesses. After the mentioning some fundamentals of theoretical issues about business environment, this study presents relationships among construction industry in Albania and influential factors such as; politics, economy and operational efficiency. In order to explore these relationships a questionnaire designed and conducted on 130 respondents w...

Basel II is a series of rules which brings new things and radical changes to the banking regulati... more Basel II is a series of rules which brings new things and radical changes to the banking regulation standards. The basic reason of this change; while calculating the risk of the capital adequacy is taken into consideration and activities which forms the basic degree of Basel II‘s criterion. Especially Basel II criteria get heavy the circumstances of lending banks credits and in meantime the importance of rating marks in on the deal. In that study, reforms which bring Basel II the changing of the calculation of capital adequacy and in that way the criteria of rating and feasibility will be evaluated.

Nowadays, an extremely fast developments are faced, in every field. The increase oninternational ... more Nowadays, an extremely fast developments are faced, in every field. The increase oninternational business activities, investment decisions, and pace of transformation incapital markets which are affected by the technological development, requiresfinancial data to be presented in one common language. Therefore, there has been avast increase in the effort to adopt financial accounting and reporting standarts, in allover the world. In establishing standarts for accounting and financial reporting,besides the aim for adoptation in world scale, a concern for higher quality has takenpart. Setting standards increases the quality of the financial information which is thecontent of financial reporting. There is a worldwide tendency towards a single globalset in accounting. With this objective, International Accounting Standards (IAS) andInternational Financial Reporting Standarts (IFRS) has been published byInternational Accounting Standards Board (IASB). In order to adopt to these set ofstan...

In this study, environment of accounting science is tried to be determine and accounting is posit... more In this study, environment of accounting science is tried to be determine and accounting is positioned in this environment. With this aim accounting systems of Anglo-Saxon and Continent Europe is compared and differences are revealed. Hence, Anglo-Saxon and Continent Europe accounting systems are analyzed with specifying environment of accounting science. Two most effective environmental factors are determined as a conclusion of intuitive analysis. Those are international relations and financial resources.