Possibilities of creative accounting avoidance in the Slovak Republic

Štangová, Nora; Víghová, Agneša

doi:10.21003/ea.v158-22

Cited by 5 publications

(2 citation statements)

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“…Creative accounting represents the process of manipulating accounting data in order to transform financial statements from the form they should have to the form their creators would like (Stangova & Vighova, 2016) The history of creative accounting dates back to the period when the pillars of doubleentry bookkeeping were officially built. This is the period of the late Middle Ages.…”

Section: Introductionmentioning

confidence: 99%

Application Of Selected Creative Accounting Techniques To Detect Fraud In Financial Statements

Poradova¹

2021

European Proceedings of Social and Behavioural Sciences

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In a modern globalised and liberalised era, businesses face stiff competition and are therefore under constant pressure. In such an environment, businesses typically use creative accounting practices. The aim of the present article is to analyse the possibilities of using the chosen technique and method of manipulation by profit on the selected company. The company analysed in the presented article is a company that "optimized" its financial statements for tax purposes in 2018. The article submitted shall consist of four parts. The first part deals with the issue of creative accounting in general, but also in the Slovak Republic. The second part deals with the methods that have been used within the framework of the article. In the present paper we will look at two models: the Beniesh model and the Kanapickiene -Grundiene model. The third part of the article is devoted to the analysis of the possibility of using the chosen technique and method of manipulation of profits on the selected company in the conditions of the Slovak Republic. Part three of the article also includes a discussion on the subject. The fourth part of the article deals with the conclusions drawn from the research. The descriptive method, analysis, mathematical methods, comparison and synthesis were used in the processing of the submitted paper creation.

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Section: Introductionmentioning

confidence: 99%

Application Of Selected Creative Accounting Techniques To Detect Fraud In Financial Statements

Poradova¹

2021

European Proceedings of Social and Behavioural Sciences

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“…The main areas that could influence the quality of accounting information are data falsification, accounting methodology and information systems (Vlčková & Friebel, 2015). One of the reasons for falsifying data is the reduction in tax liability for entities (Stangova & Vighova, 2016).…”

Section: Introductionmentioning

confidence: 99%

Towards Financial Sustainability of Companies: Issues Related to Reporting Errors

Paseková¹,

Svitáková²,

Kramá³

et al. 2017

JSSI

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The aim of the paper is to analyse the opinion of enterprise representatives upon the risk of errors occurrence in selected areas of accounting. Research presented in this paper explains the view of enterprise accountants upon the risk of errors occurrence, both unintentional and intentional, aimed towards the creation of so called "creative accounting". The research itself, done on a sample of 232 Czech enterprises, was based on questionnaire investigation which focused on perception of problematic areas influencing the quality of accounting information. The obtained set of data was evaluated using descriptive method and mathematical/inference statistics. Special testing was done at hypotheses on concordance of two mean values and at the Friedman test. Evaluation of problematic rates of individual areas of accounting revealed that practically each observed area of accounting is connected with specific difficulties. The major causes of problems are tax impacts, namely in the area of the cost, time differentiation and of revenues and also difficulty in pricing, especially in the area of inventories and fixed and financial assets. High respondents´ concordance on rating individual accounting areas as to the risk of an error occurrence was detected. It stemmed from the research that the risk of formation of unintentional errors is subjectively rated as the highest in the areas of conjectural and adjusting items and the lowest at asset and depreciation classification. Rating the space for intentional distortion of accounting statements indicates a very reserved attitude of the respondents. The results have proved that in the respondents´ opinion practically all areas of accounting give space for occurrence of errors. The results of the research provided a somewhat different perspective on the issue of accounting errors in comparison with results published by other authors who used objective assessment of error rate as a departure point.

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Концептуальні Засади Креативного Обліку

Юхименко-Назарук

2023

viaeconomica

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Обґрунтовано необхідність проведення комплексних досліджень в сфері креативного обліку. Розроблено концептуальну модель креативного обліку як елемента облікової науки. Визначено межі застосування поняття «креативний облік» (в рамках чинного облікового законодавства, за повної відсутності нормативного регулювання). Визначено причини існування відмінності в поглядах вчених щодо розуміння сутності креативного обліку. Обґрунтовано необхідність виділення двох основних типів креативного обліку – звичайного та інжинірингового. Визначено взаємозв’язок бухгалтерського інжинірингу та облікової політики підприємства. Виділено і обґрунтовано дві основні групи методів здійснення креативного обліку – змістовні та формальні.

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Possibilities of creative accounting avoidance in the Slovak Republic

Cited by 5 publications

References 0 publications

Application Of Selected Creative Accounting Techniques To Detect Fraud In Financial Statements

Application Of Selected Creative Accounting Techniques To Detect Fraud In Financial Statements

Towards Financial Sustainability of Companies: Issues Related to Reporting Errors

Концептуальні Засади Креативного Обліку

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