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Faculty of Accounting and Informatics

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Author: search.filters.author.Nomlala, Bomi CyrilHas files: Yes

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Now showing 1 - 6 of 6
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    Investigating the effect of investor sentiment on stock return sensitivity to fundamental factors : case of JSE listed companies
    (Informa UK Limited, 2024) Fonou-Dombeu, Nyanine Chuele; Nomlala, Bomi Cyril; Nyide, Celani John
    this study examines the association between a firm’s fundamental factors and stock returns as well as how investor sentiment influences the association between these variables. the fundamental factors analyzed include accounting variables (earnings yields, change in profitability, and capital investment) and earnings quality measures. investor sentiment is measured using the south African consumer confidence index. A sample of 1 386 firm-year observations from the companies listed on the Johannesburg stock exchange (Jse) between 1990 and 2022 was used. the results show that fundamental factors are related to stock returns, except for measures of earnings quality. Although earnings yields and capital investments cause variation in stock returns, their effects on stock returns are influenced by other variables associated with stock returns. in addition, investor sentiment affects the relationship between fundamental factors and stock returns, suggesting that sentiment influences the outcome of the capital market and the way investors process fundamental information. profitability seems to be more related to stock returns than other fundamental variables. this study sheds light on how sentiment interacts with a set of fundamental factors and their sensitivity to stock returns and highlights the important role of investor sentiment and accounting information in the capital market.
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    Financial literacy status among non-government organisations’ financial managers in KwaZulu- Natal, South Africa
    (Asian Economic and Social Society, 2024-03-15) Mvunabandi, Jean Damascene; Nomlala, Bomi Cyril
    This study investigated the financial literacy status among financial non-government organisations (NGOs) managers in KwaZulu-Natal. The study adopted a quantitative research strategy; a Likert scale questionnaire was used to collect data from 53 managers purposively and conveniently sampled in KwaZulu-Natal. Robustness analysis was performed using SPSS version 28 for descriptive and inferential statistics. The findings of the study revealed that all independent variables correlate between 1.000 and -.364.  This study provided practical and theoretical contributions in the field by deepening an understanding of the key variables identified by this research study, which has been justified by the most relevant literature that drives the financial literacy of NGOs and financial managers. The study further offered insight into constructs for measures of financial literacy in NGOs. This study added to the body of knowledge on the financial literacy of NGOs financial managers in South Africa. The study urgently recommends that NGOs, academia, policymakers, and other key players in the financial literacy field consider the urgent need for financial literacy training or short courses within this sector. These findings urgently call for the attention of the policymakers. This study offered a future research plan on the subject matter in the areas of the true extent of the practicality of financial literacy among financial non-government organisations’ managers that were not addressed in this article.
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    An examination of adolescent girls' and young women's entrepreneurial knowledge in South Africa: longitudinal study
    (PT Keberlanjutan Strategis Indonesia, 2023-01) Mvunabandi, Jean Damascene; Nomlala, Bomi Cyril; Gadzikwa, Lawrence
    Motivated by lack of empirical research on entrepreneurial knowledge training among adolescent girls and young women in South Africa and elsewhere, this article examined the entrepreneurial knowledge among 3584 adolescent girls and young women from four provinces, namely KwaZulu Natal, Mpumalanga, Eastern Cape and Western Cape in South Africa. This study adopted quantitative and descriptive research approach. Secondary data collected using questionnaire survey during entrepreneurial mindset and skills training from July-October 2021 by the large anonymised not for profit organisation based in South Africa was used for data analysis. Robustness analysis was entirely performed using descriptive statistics using SPSS version 28.0. The findings from the empirical part of this research statistically proved the adolescent girls and young women improved their knowledge entrepreneurially after training that is evident in most extent literature. This article contributes to the current body of knowledge as it filled in the gap and contributed significantly to the entrepreneurial mindset skill and knowledge improvement among adolescent girls and young women in South Africa.
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    The implementation of mandatory audit firm rotation as tool to enhance audit reform in South Africa : a case of KwaZulu-Natal
    (PT Keberlanjutan Strategis Indonesia, 2023-07) Munkaila, Aminu; Nomlala, Bomi Cyril; Baldavoo, Kiran; Mvunabandi, Jean Damascene
    Using a quantitative research method, this article examined the perceptions of audit experts concerning the influence of mandatory audit firm rotation on audit reform (AR) in the province of KwaZulu-Natal. Data was gathered from 102 audit experts knowledgeable in the field of accounting and auditing from Tier 2 audit firms and two public institutions and used for data analysis.  The empirical results of this study were two-fold. Firstly, the descriptive statistics provided a general overview of the respondents’ opinions. The majority of respondents agreed that MAFR implementation would strengthen audit reform, thereby validating the initial position of the Independent Regulatory Board of Auditors. In addition, most participants agreed that the ramification of the imposition of additional costs could not be ignored. Moreover, the utilization of SPSS on ordinal logistic regression also found that the probability of a decrease in the progress of audit reforms is significantly higher when mandatory audit firm rotation is in place, and a non-significant positive predictor of mandatory audit firm rotation would increase audit independence. This article contributes to existing knowledge and the continuous discourse on mandatory audit firm rotation rule in South Africa. Conclusively, the study, therefore, recommends that since the research was limited to Kwazulu-Natal, future studies should broadly include registered auditors and academics from institutions and firms in different South African provinces to obtain diverse views about pre-and post-implementation of the rule in 2023 to compare the effects of the policy on audit independence. 
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    Factors influencing professional skills among accounting students at KwaZulu-Natal universities
    (PT Keberlanjutan Strategis Indonesia, 2023-07) Nomlala, Bomi Cyril; Mvunabandi, Jean Damascene
    Employers are increasingly expressing concern that the majority of recent graduates lack professional skills. In addition, it is unknown whether students pursuing accounting degrees in professionally accredited institutions are more financially savvy than those in non-accredited institutions. 1582 undergraduate accounting students at the University of KwaZulu-Natal (UKZN), Mangosuthu University of Technology (MUT), and Durban University of Technology (DUT) were surveyed using self-administered questionnaires. The data was analysed using Statistical Package for the Social Sciences version 25 (SPSS 25). The results indicated that the majority of respondents were female.  72.6 percent of respondents are influenced by South African Institute of Charted Accountants (SAICA) accreditation, whereas 95.2 percent of respondents with outstanding professional skills are influenced by non-SAICA accreditation. The study's findings disprove previous claims that accreditation has no bearing on students' abilities. Finally, the investigation contributes South Africa-relevant knowledge.. 
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    The practicality of forensic auditing techniques to detect non-government orgnaisations’ financial statement fraud in South Africa using a proactive approach
    (Universitas Islam Indonesia (Islamic University of Indonesia), 2022) Mvunabandi, Jean Damascene; Nomlala, Bomi Cyril; Patrick, Harold
    This article empirically investigated proactive financial statement fraud detection techniques 30 among nongovernment organisations in the eThekwini region, South Africa. The data for this thesis was gathered from 87 staff via the use of a mixed research method with knowledgeable individuals in the field of fraud risk management. SPSS used descriptive statistics analysis while all the interview questions were analysed using conventional thematic analysis via NVivo. Robustness analysis was entirely performed using AMOS for CFA was used to estimate statistical models. SEM simultaneously estimated the link between detective financial statement fraud practices. The study’s results and findings of both the questionnaire and interviews reflected statistically significant agreement that NGOs should use proactive forensic auditing techniques in order to detect financial statement fraud among NGOs in the eThekwini region of South Africa.