Timeliness Value and Free-from-error Quality of Accounting Information: A Study on Commercial Banks

Mohammad Jafaur Ahamed
Additional contact information
Mohammad Jafaur Ahamed: Associate Professor (Accounting), Open School, Bangladesh Open University, Gazipur, BANGLADESH

Asian Business Review, 2020, vol. 10, issue 2, 137-142

Abstract: This paper makes an effort to assess the timeliness value and free-from-error quality of accounting information generated by AIS through the avenue of annual reports of the selected commercial banks in Bangladesh. An opinion survey was run through a closed questionnaire designed using a five-point Likert scale. Based on primary data, the study reveals that the qualities of accounting information produced by AIS of commercial banks are satisfactory in terms of both timeliness and free-from-error, yet inadequate in absolute terms. Moreover, the study substantiates no significant variation (homogeneity) of opinion among the respondents regarding the timeliness and accuracy of accounting information. The outcomes of the study identified that the feature of annual reports of commercial banks in Bangladesh is not up to the standard due to erratic power supply, poor communication infrastructures, the accidental entry of insufficient data, virus infection, unauthorized accessing, copying, printing and distributing of data or information, etc. Consequently, respective authorities are highly encouraged to come forward to ensure the maximum qualities of AIS. The study has focused on two qualitative characteristics and only on the annual report. Thus, further research is recommended to focus on others such as quarterly and interim reports, bank circulars, financial press releases, etc., to investigate the extent of different qualities, for instance, feedback value, credible value, clarity value, etc.

Keywords: Qualitative characteristics; Accounting information; Timeliness value; Free-from-error quality; AIS (search for similar items in EconPapers)
JEL-codes: H83 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://abc.us.org/ojs/index.php/abr/article/view/479/934 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:asbure:0195

Access Statistics for this article

Asian Business Review is currently edited by Alim Al Ayub Ahmed

More articles in Asian Business Review from Asian Business Consortium Asian Business Consortium, 10-B-6, Darussalam Tower, Mirpur Road, Dhaka-1216, Bangladesh.
Bibliographic data for series maintained by Alim Al Ayub Ahmed ( this e-mail address is bad, please contact ).