Alternative accounting procedures, creative accounting and false financial reporting

Đorđević, Slaviša M.; Mitić, Nebojša

doi:10.5937/oditor2002021d

Cited by 8 publications

(4 citation statements)

References 16 publications

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“…The basis for a true and fair presentation of the financial position and performance of the company are legal regulations and international professional accounting regulations. However, the existence of certain accounting transactions for which there are at least two and often more permitted accounting procedures in practices puts accountants in a position where their subjective choice for a particular procedure may affect greater or lesser reported results (Đorđević & Mitić, 2020).…”

Section: Hypothesis Testmentioning

confidence: 99%

Earnings management and fraudulent financial reporting: Distinctive criteria of suspicious accounting practices

Isaković-Kaplan¹,

Dupovac²

2022

BH Ekonomski forum

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The financial reports, as the final product of the accounting information system, need to be accurate in order to maintain the main purpose of financial reporting. Applied methods and techniques of recognition and measurement of financial positions should be in the purpose of realistic and transparent presentation of the financial performances of the entity. However, creative accounting techniques are often used in the process of preparing and presenting financial statements in order to manage earnings and manipulate financial values. Manipulation of financial statements seems to be a generally present phenomenon, and the paper aims to identify the criteria used by members of the accounting profession in the Federation of Bosnia and Hercegovina (FBiH) to distinguish earnings management techniques from fraudulent financial reporting. The research reflects the perception of accountants and auditors in the FBiH regarding the possibility of recognizing suspicious accounting practices in business entities. The research is based on distinctive criteria used in developed economies of the world: measurement subjectivity, the materiality of financial item and compliance of financial reporting with generally accepted accounting principles, but identifies specific distinctive measures used by respondents, too. The results of the research reveal that the accounting professionals in the FBiH rely on distinctive criteria: materiality and compliance of reporting with International Financial Reporting Standards, including two additional measures: compliance of financial reporting with generally accepted practices and confidence of financial information. Respondents did not recognize subjectivity in assessment as a relevant measure of the distinction between earnings management and fraudulent financial reporting.

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Section: Hypothesis Testmentioning

confidence: 99%

Earnings management and fraudulent financial reporting: Distinctive criteria of suspicious accounting practices

Isaković-Kaplan¹,

Dupovac²

2022

BH Ekonomski forum

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“…Agricultural and food products represent the basis of population's nutrition. FAO 4 estimates that in 2050. in the world there will be between ten and twelve billion people, 1 Dejan Dašić, PhD associate professor, Faculty of Law, Security and Management "Constantine the Great", Niš, Union-Nikola Tesla University, Belgrade,, +381606626922, E-mail: drddasic@gmail.com, ORCID ID (https://orcid.org/0000-0002-8245-1117) 2 Tijana Stanić, Msc; Alfa University, Faculty of Finance, Banking and Auditing, Belgrade, Phone: +381659943120, E-mail: tijanakm94@gmail.com, ORCID ID (https://orcid. org/0000-0002-6973-4032) 3 Dragan Živković, Ph.D., Full Professor, High school of Academic Studies "Dositej", Vojvode Putnika 7, 11000 Belgrade, Serbia, Phone: +381 113235500, E-mail: zivkovic.…”

Section: Introductionmentioning

confidence: 99%

“…57-74), Belgrade which will result in a need for a greater amount of food. Main task of agricultural production is to provide sufficient amounts of food for the population (Vlahovic, 2015; Stanković et al, 2020;Đorđević & Mitić, 2020).…”

Section: Introductionmentioning

confidence: 99%

Market of agricultural and food products in the Republic of Serbia: Possibilities and implications

Dašić¹,

Stanić²,

živković³

2022

Ekonomika poljoprivrede

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The main topic is Serbian agro-food potential. Serbia possesses exceptional natural resources having in mind it is located in the most favourable region of the North latitude. If this potential is used in an optimal measure, it would bring exceptional results. According to agriculture census in 2018 in Serbia there was registered 628.552 family agricultural farms, and 562 896 are family households. By adequate strategic planning, agriculture can provide a significant contribution to the economic development of a country. Agriculture encourages employment, takes a significant part in foreign trade, provides food security for citizens, contributes to the rural development and ecological balance. Therefore, it affects the development of entire country by being related to different sectors.

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“…Analyzing the market organization of the agricultural products in Serbia, there would be no encouraging data (Šapić et al, 2018;Filipović & Šapić, 2020;Đorđević & Mitić, 2020). Namely, it is much more disorganized than, not only in Europe, but also in the surrounding countries.The raspberry market in Serbia has the characteristics of a perfectly competitive market on the supply side and the characteristics of ologopol on the demand side.…”

Section: Introductionmentioning

confidence: 99%

Economic analysis of the factors influencing the supply and demand of raspberry

Pantić¹,

Cvijanović²,

Imamović³

2021

Ekonomika poljoprivrede

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The subject of this research is the analysis of supply and demand of raspberries on the domestic market in order to performe a balance analysis of products and examine the partial influence of relevant factors on supply and demand. The production and consumption of raspberries in Serbia in the period from 2010-2019 is very dynamic. Raspberry production in the Republic of Serbia has significant comparative advantages compared to production in most other countries. Serbia is considered one of the largest producers of raspberries, but still, regardless of that, its comparative advantages have not been fully valorized and used. The results of the balance analysis of raspberry production and consumption indicate the existence of a surplus and potential for export. The analysis of ANOVA variances established a high correlation dependence and pointed out the need to improve competitiveness in the production of raspberries and final products in order to meet the domestic market and exports to the world market. The obtained results enabled the formulation of regression equations of both the function of raspberry supply and its demand, which can be used to predict these values in the future.

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Alternative accounting procedures, creative accounting and false financial reporting

Cited by 8 publications

References 16 publications

Earnings management and fraudulent financial reporting: Distinctive criteria of suspicious accounting practices

Earnings management and fraudulent financial reporting: Distinctive criteria of suspicious accounting practices

Market of agricultural and food products in the Republic of Serbia: Possibilities and implications

Economic analysis of the factors influencing the supply and demand of raspberry

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