Can Information from Publicly Available Sources Reveal Manipulation of Financial Statements? Сase Study of Czech and Slovak Companies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63558059" target="_blank" >RIV/70883521:28120/23:63558059 - isvavai.cz</a>
Result on the web
<a href="https://editorial.upce.cz/1804-8048/30/3/1556" target="_blank" >https://editorial.upce.cz/1804-8048/30/3/1556</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.46585/sp30031556" target="_blank" >10.46585/sp30031556</a>
Alternative languages
Result language
angličtina
Original language name
Can Information from Publicly Available Sources Reveal Manipulation of Financial Statements? Сase Study of Czech and Slovak Companies
Original language description
Financial reporting is a source of information used as a basis for economic decisions. It is essential for the calculation of financial indicators that serve to evaluate the financial health of a company. Statements that are accurate and provide trustworthy information are a prerequisite for an enhancement of company competitiveness on national and global markets. Research into and studies on the accuracy of the information contained in statements show that statement creators use manipulation to improve accounting entities' image. The aim of this paper is to verify whether ordinary users of financial statements can rely on the veracity of the information contained in the financial statements published in the usual way in available sources. The research subject was financial statements of entities listed in the TOP Czech and TOP Slovak ranking within the revenue category. We investigated whether reporting show an indication of accounting data manipulation using the CFEBT (cash flow earning before tax) method and a method aimed at verifying the linear dependence between earning before tax (EBT) and cash flow (CF). The empirical results yielded interesting findings. They showed that the disputable item is the results of accounting estimates, which are often influenced by subjective decisions made by the financial statements creators.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Scientific Papers of the University of Pardubice. Series D. Faculty of Economics and Administration
ISSN
1211-555X
e-ISSN
1804-8048
Volume of the periodical
30
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
9
Pages from-to
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UT code for WoS article
001041312900002
EID of the result in the Scopus database
2-s2.0-85148215292