Revista Mineira de Contabilidade

REVIEW

Palloma Rossany Maciel Rodrigues Oliveira — 2025-10-24

The article by Gibbons (2024) investigates the financial effects of mandatory disclosure of non-financial information, focusing on environmental and social factors (E&S). The study encompasses the analysis of the implementation of regulations in various countries, exploring how this obligation impacts the investment decisions of institutional investors and the financing and resource allocation decisions of companies. The results indicate that non-financial disclosure increases investment in R&D and encourages innovative projects, attracts institutional investors with long-term orientations and E&S preferences, which modifies the financing profile of organizations. The research suggests that these changes produce real and material effects, even when the disclosed information related to E&S does not have a direct financial impact.

Summary

Sumário — 2025-10-24

Organized list of titles and subtitles that make up the magazine edition.

JOURNAL OF ACCOUNTING OF MINAS GERAIS

Informações Editoriais — 2025-10-24

Quarterly publication
Volume 26, n.2, may/august 2025
ISSN 2446-9114

EFFECT OF FINANCIAL EDUCATION AND ATTITUDES TOWARDS MONEY ON THE PROPENSITY TO INDEBTEDNESS

Jéssica Merco — 2025-10-24

The aim of this study was to analyze the effect of financial education and attitudes towards money on the propensity to get into debt, conducted with a sample of 318 postgraduate students in Business Administration and Accounting Sciences in Brazil. The research used a quantitative and descriptive approach, collecting primary data via a cross-sectional survey. The analyses included descriptive statistics, factor analysis and linear regression. The results indicated that greater financial education is associated with a reduction in the propensity to get into debt and more positive attitudes towards money, while financial attitudes showed a positive correlation with the propensity to get into debt. It is noteworthy that financial education not only reduces dependence on debts unrelated to studies but also improves payment patterns. In addition to its theoretical contributions, by providing a unique perspective on the propensity to get into debt, this study makes a practical contribution by associating awareness and improved care of participants’ personal finances with a lower propensity to get into debt.

POLITICAL SKILLS IN ACCOUNTING STUDENTS

Felipe Stainsack do Rosário — 2025-10-24

Communication and political skills play crucial roles in organizations, alongside the technical skills expected of accounting professionals. Given this, regulatory bodies, both national and international, emphasize the importance of developing these competencies during the Accounting course in their guidelines. In this context, this study aimed to identify potential differences in the political skills of Accounting students based on their exposure to the Business Communication course. Additionally, it sought to understand the associations between the dimensions of Political Skill. Data were collected from 131 accounting students who took the Business Communication course and 133 students who had not been exposed to this or an equivalent subject. The Mann-Whitney and Kruskal-Wallis tests were applied to analyze differences in Political Skill dimensions, following a Confirmatory Factor Analysis that validated the consistency of the factorial indicators. Additional analyses were conducted using Spearman’s coefficient. The findings suggest that the Business Communications course does not necessarily impact the development of better political skills, as those who did not take it were more socially astute, while there were no significant differences in the other dimensions. Furthermore, additional analyses indicated that the political skill factors are complementary, as all were significantly positively associated with each other. This research contributes to the literature by addressing a research gap and providing insights for the curriculum design of Accounting programs.

EARNINGS MANAGEMENT BY DISCRETIONARY ACCRUALS IN BRAZILIAN STATES

PEDRO OLIVEIRA — 2025-10-24

The aim of this article was to identify the behavior of discretionary accruals in Brazilian states and the Federal District. To this end, the Modified Jones statistical model and a panel data regression were used to operationalize the data. As for the study period, ten fiscal years were considered, starting in 2013 and ending in 2022. To this end, accounting information was collected from state entities, such as asset and financial values. The results showed that earnings management in state entities is a common practice and that the IPSAS, despite their essence, do not prove to be a factor inhibiting the practice. It can also be seen that managers seek to manage results in a positive way in order to convey an image of efficient management. There is also a reversal of discretionary accruals, sometimes accumulated positively and sometimes reversed negatively.

ONCE UPON A TIME...THE CONSTITUTION OF NUBANK‘S INTELLECTUAL CAPITAL THROUGH CUSTOMER CENTRICITY VALUES AND STRATEGIES

Giovana Toninato Fontes — 2025-10-24

This study aimed to analyze how Nubank constitutes intellectual capital through a disruptive and customer centric business narrative. For this purpose, a qualitative study was conducted through the analysis of narratives in documentary sources. Data analysis was supported by open, axial, and selective coding. The research findings show that the company’s core value, customer centricity, considered a cultural managerial control, underpins the company’s IC across three interconnected dimensions. Human capital encompasses the composition of a diverse and inclusive team, whose alignment with the company’s mission and values is crucial for meeting the varied demands of customers. Structural capital, in turn, is composed of proprietary technology, a robust product platform, and internal procedures that enable human capital to develop strong relationships with customers. Finally, relational capital emphasizes customer service through intuitive experiences and efficient products, in addition to managing the external communication between human capital and users. The company’s customer centricity also directs the decision-making process, supports organizational culture, people’s actions and other organizational aspects. We concluded that the intellectual capital created from a customer-centric culture shapes managerial and organizational aspects, as operations, product and technology development, and management are based on customer centricity.

MANAGEMENT CONTROL SYSTEM AND INNOVATION MANAGEMENT

Juliette de Castro Tavares — 2025-10-24

The objective of this research was to determine whether each of the control systems in Simons’ framework (beliefs, boundary, diagnostic, and interactive) is distinctly related to different types of innovation—incremental and radical within the context of cooperatives. Data were collected through questionnaires administered to a sample of 94 cooperatives in the state of Goiás, and the analysis was conducted using correlation tests and simple linear regression. The results indicate that both delimiting and facilitating control systems contribute to both forms of innovation—incremental and radical. Furthermore, evidence suggests that the nature and emphasis of these relationships are influenced by the sector of activity and the geographical clustering of the cooperatives. These findings contribute to the ongoing discussion on the relationship between management control systems and innovation, highlighting that such relationships may vary depending on organizational structure.

ENTERPRISE RISK MANAGEMENT AND QUALITY OF ACCOUNTING INFORMATION IN LATIN AMERICA

Wagner Dantas de Souza Junior — 2025-10-24

Enterprise Risk Management (ERM) is a comprehensive and systematic framework for identifying, assessing, and managing an organization's overall exposure to risk. This study investigates the impact of ERM adoption on the quality of accounting information among 283 public companies across Latin America from 2010 to 2019. ERM adoption was measured using the ERM Index (Gordon et al., 2009), while the quality of accounting information is evaluated through measures of value relevance (Ohlson, 1995) and conditional conservatism (Basu, 1997) were used to assess accounting information quality. The empirical results indicate that ERM adoption is positively and significantly associated with both value relevance and conditional conservatism. These findings suggest that a holistic approach to risk management enhances the informativeness and timeliness of financial reporting. This study contributes to the literature by providing empirical evidence that ERM improves key quality attributes of accounting information in emerging markets, thereby mitigating information asymmetry and facilitating more informed investment decisions.

Editor's Note

Profa. Dra. Nálbia de Araújo Santos — 2025-10-24

Issue number 2, volume 26, of the second quarter of 2025 of the Revista Mineira de Contabilidade (RMC), in Portuguese and in English, begins with an editorial written by Laura Brandão Costa and Marcelo Tavares called “Does cost behavior influence the accuracy of return forecasts?”. It presents arguments that support the idea that asymmetric cost behavior can impact returns and their future predictability. It also supports the thesis that cost stickiness can also affect the accuracy and assertiveness of investment decisions within entities, from the perspective of external users of accounting information, who do not possess strategic information related to costs and volume.

DOES COST BEHAVIOR INFLUENCE THE ACCURACY OF RETURN FORECASTS?

Laura Brandão Costa — 2025-10-24

The traditional accounting perspective posits that an entity’s costs adjust proportionally to variations in volume, thereby tracking the fluctuations in operational levels (Banker; Ciftci & Mashruwala, 2008). Conversely, uncertainties related to future demand, managerial decisions concerning resource allocation, and the contemporary macroeconomic environment may no longer be adequately accounted for under this framework. This situation underscores the necessity for an alternative conceptualization of cost behavior to more accurately elucidate cost dynamics, taking into consideration their implications for the managerial requirements of organizations (Novák; Dvorský; Popesko & Strouhal, 2017).