Iranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Designing an Accounting Information Value Relevance Model Based on Earnings Selectivity and Valuation1202419210.22034/ijfma.2025.78608.2278ENAzadehShamohamadiDepartment Of Accounting,CT.C.,Islamic Azad University,Tehran,IranAzitaJahanshadDepartment Of Accounting,CT.C.,Islamic Azad University,Tehran,IranJournal Article20250701Studies indicate that investor behavior plays a crucial role in equity valuation. Accordingly, their investment decisions are primarily based on accounting earnings information, which can influence stock price and return fluctuations. The main objective of this research is to design an accounting information value Relevance model based on the valuation and earnings selectivity approach. To identify and categorize influential variables affecting accounting information value, opinions from fundamental analysts in the market (as executive experts) and academic experts were considered. Specifically, 120 fundamental analysts contributed to determining the initial variables, and 28 academic experts helped in selecting variables suitable for preliminary models. Moreover, to develop an optimized and localized model, data from 170 publicly traded companies on the Tehran Stock Exchange between 2014 and 2023 were analyzed. The findings show that out of 28 surveyed variables (from fundamental analysts' perspectives), only 23 were deemed essential. Among these, 15 variables (from academic experts' perspectives) were validated and categorized within the framework of valuation and earnings selectivity. Additionally, the optimized models indicate that in the first model (dependent variable: price), four variables were added, and in the second model (dependent variable: return), eight additional variables were introduced compared to the initial model.http://www.ijfma.ir/article_24192_45c279002a2f09dafffe35f3ca26f309.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701"Designing a Digital Accounting Model in Value-Based Management Based on Momentum Theory Using an Integrated Approach of DEMATEL and Interpretive Structural Modeling (ISM)"21362445810.22034/ijfma.2025.78570.2273ENRoyaTavanaei AhoeiDepartment of Accounting, Science and research Branch, Islamic Azad University, Tehran, IranFraydoonRahnamay RoodposhtiDepartment of Accounting , Science and research Branch, Islamic Azad University, Tehran, IranHamidrezaVakilifardDepartment of Accounting , Science and research Branch, Islamic Azad University, Tehran, IranGhodratollahTalebniaDepartment of Accounting , Science and research Branch, Islamic Azad University, Tehran, IranJournal Article20250628The aim of the present study was to design a digital accounting model in value-based management based on momentum theory. The method used in this study is a combined method that includes the historical method and the survey method . The population and statistical sample of this study are experts familiar with digital accounting concepts. The sampling method is purposive. The methods used in this study are DEMATEL techniques and interpretive structural model. The software used was EXCEL and MICMAC.9 indicators were identified. These indicators include: digital technologies and accounting transformation, data management and information security, momentum analysis and financial forecasting, value measurement and management, transparent and timely reporting, automation of accounting processes, compliance with regulations and legal changes, support for strategic decision-making based on momentum analysis, and digital learning and training of employees. The model designed in this study, by combining technological, analytical, managerial, and human components, provides a practical model for organizations, financial institutions, and the accounting industry. This model can not only help promote transparency and financial accountability, but also provide a strategic tool for long-term value creation through data-driven and analytical decision-making. Also, from a policy perspective, the findings of this study can be a basis for designing digital transformation strategies in the country's financial system and reviewing accounting education. Finally, this research, while expanding the boundaries of knowledge in the field of digital accounting, provides practical solutions to increase the resilience of organizations to economic fluctuations and environmental changes.http://www.ijfma.ir/article_24458_a6796dbc0e26e42775f1ab72b9fa1b3b.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701The impact of digital currency and bitcoin on future business progress and development37442445910.22034/ijfma.2025.78716.2300ENAhmadFeizizadehFaculty members of accounting Azad Islamic university north branch , Tehran , IranJournal Article20250813Digital currency, particularly cryptocurrency, refers to a form of money that is used electronically for the exchange of goods and services and plays a very important role in today’s world. The concept of digital currency was introduced as encrypted money aimed at facilitating financial transactions and creating a decentralized form of money managed by individuals without intermediaries. Bitcoin, as the world’s first digital currency, allows users to make online payments on various websites. This digital currency is still in its early stages of development, and before purchasing it, one must consider all aspects thoroughly—from price fluctuations to legal and tax issues.<br><br>Today, we observe an increasing number of payments in businesses being made digitally and cashlessly, based on e-commerce. Many newly established companies are also seeking new ways to expand their available payment methods. The cryptocurrency market is rapidly evolving and growing; a trend that, according to economic experts, heralds the entrance into a new world of business financial transactions in the near future.http://www.ijfma.ir/article_24459_6320267b4965e7a50b2996cbd2d6c60f.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Real Earnings Management as a Barrier to Achieving Sustainable Development Goals (SDG)45582409610.22034/ijfma.2025.78581.2269ENKeramamt AllhHeydari RostamiAssistant Professor, Department of Accounting, Faculty of Administrative and Economic Sciences, Arak University, Arak, IranMohmmadtaghiKabiriAssistant Professor, Department of Management, Faculty of Administrative and Economic Sciences, Arak University, Arak, Iran.ElhamDarajatiPostdoctoral Student, Department of Accounting, Faculty of Administrative and Economic Sciences, Arak University, Arak, Iran..Journal Article20250613“Real Earnings Management (REM) presents a significant challenge to aligning corporate practices with Sustainable Development Goals (SDGs) in emerging markets. This study investigates how REM hinders SDG achievement by undermining Environmental, Social, and Governance (ESG) disclosures and sustainable practices. Focusing on a case study in TSE, an emerging market with unique socio-economic and cultural dynamics, the research explores the interplay between REM and SDG-related outcomes. Data from publicly listed firms in TSE (2018-2023) are analyzed to assess how REM affects ESG performance and SDG alignment. Findings reveal REM, through expense manipulation and overproduction, distorts financial transparency, reduces stakeholder trust, and impedes progress toward SDGs, particularly SDG 12 (Responsible Consumption and Production) and SDG 16 (Peace, Justice, and Strong Institutions). Firms engaging in high REM exhibit lower ESG scores and weaker SDG contributions, driven by short-term profit motives. Cultural and regulatory factors in emerging markets exacerbate these effects, creating barriers to sustainable development. The research proposes enhanced regulatory oversight, stronger governance mechanisms, and stakeholder engagement to mitigate REM’s adverse impacts. Integrating agency and stakeholder theories, the study offers a novel perspective on how financial manipulation undermines global sustainability goals. Results have implications for policymakers, corporate leaders, and investors aiming to foster sustainable development in emerging economies. The study also underscores the need for tailored ESG frameworks accounting for local market dynamics. This article links REM to SDG outcomes, offering practical recommendations for aligning corporate strategies with global sustainability agendas in emerging markets.”http://www.ijfma.ir/article_24096_aadeccf20333fe8cb7946318389d4555.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Assessing the adoption of artificial intelligence technology in a management accounting report59782446510.22034/ijfma.2026.78412.2248ENAkbarKananiDepartment of Accounting, Mara.C., Islamic Azad University, Marand, IranSomayehMollazadehtasmaluDepartment of Accounting, Mara.C., Islamic Azad University, Marand, IranSalehBehrouzgajinDepartment of Accounting, Mara.C., Islamic Azad University, Marand, IranFatemehManafiDepartment of Accounting, Mara.C., Islamic Azad University, Marand, IranJournal Article20250409The ever-increasing spread of digital technologies has significantly changed most economic activities and professions. As a result of the scientific and technological revolution 4.0, organizational structures and business models have changed and new models have emerged.<br>The ever-increasing spread of digital technologies has significantly changed most economic activities and professions. As a result of the scientific and technological revolution 4.0, organizational structures and business models have changed and new models have emerged<br><br>Therefore, a new model was empirically investigated in this study that assesses the adoption of AI technology in management accounting sustainability reporting using structural equation modeling (SEM) based on partial least squares (PLS) among 120 knowledge-based company managers. The results of this study showed that perceived usefulness and perceived ease have a significant effect on the adoption of AI solutions in management accounting. It was also found that behavioral intention has a significant effect on the actual use of AI solutions in management accountinghttp://www.ijfma.ir/article_24465_8d7c30cf7b10b49f854c2a295a5c9413.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Assessment of the current state of level, subject and tone of forward-looking information disclosure in Iranian companies79902446010.22034/ijfma.2025.78493.2256ENMarziehRezaeiradDepartment of Accounting, chalous Branch,
Islamic Azad University, chalous, IranMehdiMaranjoryDepartment of Accounting, chalous Branch,
Islamic Azad University, chalous, IranRaziehAlikhaniDepartment of Accounting, chalous Branch,
Islamic Azad University, chalous, IranYosefTaghipourianDepartment of Accounting, chalous Branch,
Islamic Azad University, chalous, IranJournal Article20250514Forward-looking information disclosure is for meeting the growing informational demands of investors which gives them extra tools for assessing the perspective, the venture and the current concerns of the company. Based on this fact, the purpose of the research at hand is to assess the current state of level, subject and tone of forward-looking information disclosure in Iranian companies. The content analysis technic was used to evaluate forward-looking information disclosure. This research is practical in terms of purpose and descriptive in terms of execution. The statistical population used includes all the accepted companies in the Tehran Securities Exchange in the time period of 2018-2022. Considering the implemented restrictions, 116 companies were studied. The applications used for data analysis include Excel and SPSS software. The findings of this research show that forward-looking information disclosure is becoming increasing in Iranian companies and that most of the disclosure is in the food and beverage industry. In the aspects of subject, most of forward-looking information disclosure is focused on the matter of income statement. It is also concluded that the Iranian companies prefer to implement a positive tone whilst publishing forward-looking information in their annual reports.http://www.ijfma.ir/article_24460_d6139184e17e1909941ebb7bd7e4793d.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Designing a model to integrate integration capabilities, agility and financial performance of the supply chain with an emphasis on digital technology1091302446110.22034/ijfma.2026.77478.2099ENMojtabaEsmaeilbeigiPhD student in Industrial Management, Roudehen Branch, Islamic Azad University, Roudehen, IranSeyed AlirezaMirarab BaygiAssistant professor, Department of Industrial Management, Roudehen Branch, Islamic Azad University, Roudehen, IranSaberKhandan AlamdariAssistant Professor, Faculty of Management, Roudhen Branch, Islamic Azad University, Roudehen, Iran.Journal Article20240216The purpose of this research is to design a model to integrate the integration capabilities, agility and financial performance of the supply chain with an emphasis on digital technology. The current research community was formed by the experts of the mining and academic complex. In this research, using the objective judgment method, the opinions of 15 experts were used, and in the statistical part of the research, based on Cochran's formula and sampling method, the opinions of 384 experts related to the research topic were used. The process of data analysis was carried out in two stages, which includes the identification of the factors affecting the integration, agility, and financial performance of the supply chain of the mining industry through interview tools and using thematic analysis method, and then evaluating the models. The measurement and structural model of the research is by using the questionnaire tool (made by the researcher) and the partial least squares method. The research results showed that the research model is divided into four main parts including data sharing, data awareness, partnership and agility with key supply chain partners. In addition, the integration of the supply chain has a positive and direct effect on the financial performance of the supply chain, and the factors related to digital technology in the supply chain have a direct and positive effect on the integration and agility of the supply chain, and thus And indirectly, it will facilitate the improvement of the financial performance of the supply chain.http://www.ijfma.ir/article_24461_f5733e3aa5817cf1e0efbc00fee0133b.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701A Model for Updating the Master's Curriculum in Auditing: Using the Meta-Synthesis Method1311502446210.22034/ijfma.2025.78898.2326ENZahraDianati DeilamiAssociate Professor of accounting, Faculty of financial sciences, Kharazmi University, Tehran, IranMohammadHashemiM.Astudent in accounting, Faculty of Financial Sciences, Kharazmi University, Tehran, Iran.Mohammad JavadSheikhAssociate Professor of accounting, Faculty of financial sciences, Kharazmi University, Tehran, Iran.Journal Article20251016The gap between professional and academic expectations is a hot topic in the accounting and auditing field in Iran. The boom in new innovations and the development of new technologies, such as artificial intelligence, data mining and big data, and the changes in the business environment require that accounting graduates have sufficient knowledge and skills to meet the changing expectations of stakeholders. On the other hand, the curriculum for the Master of Auditing was approved in 2016 and should have been updated after 5 years, which has not been done so far, so the present qualitative research was conducted with the aim of updating this curriculum. In this study, using the meta-synthesis method (Sandolowski and Barroso model), and content analysis of 45 previous domestic and foreign related articles from 1976 (1355 AH) to 2024 (corresponding to 1403 AH), as well as reviewing the curricula of 11 foreign universities offering this field in the world, 65 course titles that need to be included in the curriculum of the Master of Auditing have been identified. The most important frequently repeated courses suggested based on Shanon entropy analysis are; data mining and analysis and big data, analytical thinking and problem-solving skills, and IT auditing. The findings of this study can be used by those involved in updating the curriculum in the Ministry of Science.http://www.ijfma.ir/article_24462_50299aa592ccef6eaa8b603bc587192e.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Examining the Role of Markov Switching in Predicting Volatility in the Tehran Stock Exchange Based on Regional Market Fluctuations Using Heterogeneous Autoregressive (HAR) Models1511662446310.22034/ijfma.2025.78720.2301ENSeyed HosseinHosseini KebriaDepartment of Business management, Ra.C.,Islamic Azad University, Rasht, IranRezaAghajan NashtaeiDepartment of Business management, Ra.C.,Islamic Azad University, Rasht, IranMehrdadSadraraAssistant Prof Economics and Accounting Group, Faculty of Literature and Humanities, University of Guilan, Rasht, Iran.0000-0001-7743-3507Journal Article20250816This study investigates the role of Markov switching in predicting volatility in the Tehran Stock Exchange (TSE), incorporating the influence of international market fluctuations (with a focus on regional markets) using Heterogeneous Autoregressive (HAR) models. The research employs 30-minute interval data from the TEPIX index and international indices (including Saudi Arabia, Russia, Dubai, and Turkey) over the period 2022–2024 to model volatility through a Markov regime-switching approach. Key findings reveal that volatility regime shifts in the TSE follow a persistent pattern: a low-volatility regime exhibits a 92% probability of persistence, whereas a high-volatility regime shows only a 25–35% chance of stability. Regional stock market fluctuations play a moderating role during high-volatility regimes, mitigating the amplification of domestic volatility. Negatively correlated markets (e.g., Saudi Arabia) highlight geopolitical influence. The results indicate that Markov regime-switching models, combined with international variables, serve as an effective tool for forecasting TSE volatility. These insights can assist policymakers in risk management and help investors optimize trading strategies.http://www.ijfma.ir/article_24463_eee75242a3b87751a71bfb6ebce5cad0.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Conceptualizing the Decentralized Finance Model within the Risk Management Framework: An Application of Grounded Theory1671882441010.22034/ijfma.2026.78934.2332ENHamidrezaTayeraniradDepartment of Management, Ro.C., Islamic Azad University, Roudehen, IranNajmehKargar KamvarDepartment of Management, Ro.C., Islamic Azad University, Roudehen, IranHodaHemmatiDepartment of Management, Ro.C., Islamic Azad University, Roudehen, IranAlirezaMirarab BaygiDepartment of Management, Ro.C., Islamic Azad University, Roudehen, IranJournal Article20251031The purpose of current research is to identify and analyze core phenomena, causal, contextual, and intervening conditions and mechanisms shaping decentralized finance structure in Iran. Qualitative research approach was deployed based on Grounded Theory, and data was collected trough semi-structured interviews with 17 experts in financial management, fintech, accounting and economics The results of this study show that much of the opportunity to build trust, and thereby increase transparency and legitimacy goes through risk management and financing. In addition, the trust structure has shifted from an institutional level to a technology level. Financial control mechanism operates in a self-organized and participatory way. The main reason for the change of the trust structure included institutional pressures, market volatility, block-chain infrastructure developments, and managers' digital financial literacy. Core mechanisms included smart contracts with risk management characteristics, self-regulatory mechanisms, and decentralized insurance funds, which brought down costs and system risks while improving sustainability.http://www.ijfma.ir/article_24410_fd5323cdf77a30f8ccc4f468be401563.pdfIranian Financial Engineering Association(IFEA)International Journal of Finance & Managerial Accounting2588-4379135020260701Impact of green finance on ESG performance with an emphasis on green entrepreneurship and corporate social responsibility1892022446410.22034/ijfma.2026.78987.2340ENMansourehAligholiDepartment of Business Management, CT.C., Islamic Azad University, Tehran, IranMohammad RezaRadfarDepartment of Financial Management, ST.C., Islamic Azad University, Tehran, IranJournal Article20251121Green management and environment are so crucial in recent years and paying attention to ESG performance has become a necessary issue in organizations. This research aims to investigate impact of green finance on ESG performance with an emphasis on green entrepreneurship and corporate social responsibility. The research method is based on the objective, applied, and in terms of the implementation method, it is a descriptive survey, and the statistical population includes employees and managers of knowledge-based companies in Tehran, and a sample of 384 people was selected using available sampling method. To collect data of the research, a questionnaire tool was used and after confirming the validity and reliability, it was distributed among the sample size. Structural equation modeling and Smart PLS software were used to test the research hypotheses, and the results indicate that green finance has a significant impact on ESG performance, green entrepreneurship and corporate social responsibility. In addition, the impact of green entrepreneurship and corporate social responsibility on ESG performance is accepted. Also, by the use of Sobel's test, it was determined green entrepreneurship and corporate social responsibility play a mediating role in the impact of green finance on ESG performance.http://www.ijfma.ir/article_24464_ce169541394fb573900fb1bf0e0e8d38.pdf