Browsing by Author "Casey Barnett"
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Item AmCham 2024 Business Climate Survey(American Chamber of Commerce in Cambodia, 2024-11-18) Casey Barnett; Phaneth Chheng; Narin ChoeunItem AmCham Business Outlook 2026(American Chamber of Commerce in Cambodia, 2026-03-30) Casey Barnett; Chhay Meng; Chheng Phaneth; Choeun Narin; Pin Sotheavik; Soeun Chansy; Vann Reaksmey; Yon UbolPublication Capital Budgeting Practices and Risks Adjustment: Practices among Cambodian Companies(CamEd Business School, December 30, 2018) Muhammad M. Ma’aji; Casey BarnettThe purpose of this paper is to investigate prevailing capital budgeting practices in among Cambodian companies. A comprehensive primary survey was conducted of 53 out of 130 financial managers of manufacturing companies in Cambodia. Gathered data were then analysed using appropriate statistical techniques. The findings show that payback period, net present value (NPV), discounted payback period and accounting rate of return (ARR) are the most popular evaluation techniques. The study also finds that interest rate risk, as well as business cycle risk, are mainly adjusted with a discount rate, and the commonly used method for calculating the cost of capital is the after-tax cost of debt and the weighted average cost of capital (WACC). Furthermore, the finding suggests that the longer the existence of a company, the more likely for it to use NPV method. The finding also reveals that the higher the amount of capital investment, the more it is likely to use the NPV method, while the smaller the amount of capital investment, the more likely the payback method will be used. With higher educational background, NPV and ARR are most likely the methods to be used in capital budgeting among the Cambodian firms. Since Cambodia is an unexplored country in capital budgeting practices, this research is the first to explored and originally contributed to the extant literature per se. This study contributed to academics, practitioners, policymakers and stakeholders of the company. Moreover, this research has proffered a more reliable and comprehensive analysis of capital budgeting practices among Cambodian manufacturing firms. Keywords: Capital Budgeting, Net Present Value, Risk, Payback period, WACC.Publication Commercial Banks’ Profitability Determinants in Cambodia: Fixed Effect and Random Effect(CamEd Business School, June 30, 2021) Siphat Lim; Casey BarnettCommercial Banks’ Profitability Determinants in Cambodia: Fixed Effect and Random EffectPublication Effectiveness of Synchronous Online Learning Compared to Face-to-Face Learning Among Higher Education Students in Cambodia during the COVID-19 Pandemic(CamEd Business School, November 15, 2020) Casey Barnett; Bunthorn YemThe International Monetary Fund reported that global gross domestic product (GDP) contracted by 3.5 percent in 2020 compared to positive growth of 2.8 percent in 2019 (International Monetary Fund [IMF], 2021). This economic loss means more people will suffer the effects of poverty. The economic loss is largely due to COVID and its effects which include safety measures such as restrictions on gatherings and movement. One safety measure implemented by countries has been the prohibition of face-to-face learning in schools. However, the closure of schools may have ongoing negative economic consequences for years to come. A study by the Organisation for Economic Cooperation and Development (OECD) estimates that “due to lost productivity, one year of lost primary and secondary school learning will result in an economic loss equivalent to 202 percent of future GDP” (Hanushek & Woessmann, 2020, p. 9). Empirical studies are showing that learning loss arising from school shutdowns is proportional to the duration of the shutdown. For example, a study of national exam results for approximately 350,000 students in the Netherlands found that an 8-week shutdown resulted in a learning loss equivalent to the same period of the shutdown (Engzell et al., 2021).Item Gap Analysis: Significant Differences Between IPSAS and Cambodian Government Financial Report Presentation and Accounting for Financial Performance(CamEd Business School, 2023-02-06) Casey BarnettPublication IAS 41 and Latex Harvest in Cambodia(CamEd Business School, December 30, 2018) Casey BarnettIFRS is increasingly required in developing economies. Among these countries, agriculture is typically a key component of the economy.” This study investigates how the International Financial Reporting Standard (IFRS) on agriculture, International Accounting Standard (IAS) 41, is applied to the primary agricultural produce in the rubber industry, latex. The scope of the study was limited to rubber producers that also conduct post-harvest processing in a developing economy, Cambodia. Cambodia is a country in Southeast Asia that requires compliance with either Cambodian International Financial Reporting Standards (CIFRS) or CIFRS for SMEs, which are identical to IFRS and IFRS for SMEs.Item IFRS 9 Implementation and Bank Performance in Cambodia during the COVID-19 Pandemic(CamEd Business School, November 15, 2024) Casey Barnett; Vouthraboth Oum; Ubol Yon; Phaneth Chheng; Bunna Chhut; Narin ChoeunIFRS 9 Financial Instruments introduced an expected loss model for recognizing loan loss provisions that recognize loan losses earlier than required by the previous standard IAS 39 Financial Instruments. Commercial banks in Cambodia were required to follow IFRS 9 starting from January 1, 2019. This chapter analyzes the financial data of 25 banks for the years 2019–2023 to understand the impact of IFRS 9 expected credit losses on bank performance and loan loss provisions. The chapter also provides a historical overview of bank loan provisioning in Cambodia, which may help future researchers understand a shift in Cambodian bank performance subsequent to IFRS 9 adoption in 2019. The global financial crisis of 2007–2009 saw the implosion of long-standing commercial banks, investment banks, and insurance companies, which had balance sheets inflated with worthless debt investments, especially securitized debt (Acharya et al., 2009). The collapse of these financial institutions was partly due to over-investment in risky financial assets, the losses of which were not recognized by the fair value accounting used at that time (Acharya et al., 2009). Earlier recognition of these losses could have supported institutions in shoring up capital (Gunn et al., 2018).Item Illustrative statements with an IFRS for SMEs Compliant(CamEd Business School, 2022-02-01) Casey BarnettPublication Implementation of Accounting Standards and Statutory Audits(CamEd Business School, December 30, 2016) Casey BarnettIn January 2016, the National Assembly of the Kingdom of Cambodia passed the Law on Accounting and Auditing. Article 7 of this law gives authority to the National Accounting Council to monitor and enforce accounting and auditing rules. In order to support the planning and management of the National Accounting Council, a study was conducted to estimate the degree of compliance with accounting standards and statutory external audits required by Cambodian law.Item Is CSX Index a Random Walk?(CamEd Business School) Siphat Lim; Casey BarnettItem Modified Cash Basis Whole of the Government Financial Report Format(Accounting and Auditing Regulator, 2023-08-15) Casey BarnettItem Public Financial Management Reform in Cambodia : SOEs and PAEs 2023 Study(CamEd Business School, 2025-03-10) Kenneth Paul Charman; Casey Barnett; Muhammad M. Ma’aji; Chhomkeovoleak Kong; Sithika ThunItem Report on Implementation of Accounting and Auditing Obligations in Cambodia(CamEd Business School, 2017-11-17) Casey Barnett; Kanika KhinItem Report on Implementation of Accounting Standards and Statutory Audits in the Kindom of Cambodia(National Accounting Council (NAC), 2016-07-30) Casey BarnettItem Report on Review of the Guidelines for Accounting and Recognition of Tax and Customs Revenue(Accounting and Auditing Regulator, 2023-01-19) Casey BarnettItem Taxes in the French Protectorate of Cambodia(CamEd Business School, 2023-03-30) Casey BarnettIn recent years, tax in Cambodia has been subject to significant reforms and has been rapidly evolving. In 2023, a new comprehensive Law on Taxation was promulgated. Tax collections were only 10% of GDP in 2009, rising to 18% of GDP by 2020. These recent developments in tax and tax administration have drawn attention to the role of tax in the economic development of Cambodia. A historical perspective can be helpful in the study of economic development. However, there are no dispassionate studies of tax in the French Protectorate of Cambodia. Most studies focus either on French Indochina as a whole or overseas French colonies as a whole. Therefore, this study has the modest aim of identifying and describing taxes collected by the Cambodian government during the period of the French Protectorate of Cambodia. For this study, the years 1913-1945 were chosen due to the availability of budget data in the Annuaire Statistique de l’Indochine produced by the Indochina government. Documents available in the National Archives of Cambodia supported an understanding of and interpretation of the budget data. This study identifies six main sources of income for the French Protectorate of Cambodia: personal tax, prestation tax, property tax, licensing taxes, direct income, and grants from the central Indochina government budget. The main source of government income were direct taxes in the form of personal tax, prestation tax and property tax. Over the period of 1913-1945 we see the foundations of modern taxes put in place. Towards the latter years of the French Protectorate of Cambodia, prestation tax was eliminated and salary tax and income tax were introduced. Researchers and interested parties are invited to make use of the Cambodian budget income for the years 1913-1945 which have been compiled by the author from the Annuaire Statistique de l’Indochine series. The file of this budget data in Excel/Google Sheet format may be downloaded by scanning the QR code below.