CFEBT Method as a Tool of Decreasing Information Asymmetry in Accounting and as a Part of Internal Controlling Systems

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

CFEBT Method as a Tool of Decreasing Information Asymmetry in Accounting and as a Part of Internal Controlling Systems

Popis výsledku v původním jazyce

The paper deals with the possibilities of using CFEBT approach to identify potential risks of manipulated financial statements beyond their true and honest view of accounting including accounting mistakes and frauds. The existing research has verified the hypothesis of identifying the risk of manipulation of financial statements in the case study for 5 accounting periods with a CFEBT score in the condition of Czech accounting regulations and international standards of accounting recording (IFRS) in case studies of particular accounting units, as well as in the case studies where the techniques of creative accounting window dressing off-balance sheet financing were used. The CFEBT results of the study cases were subsequently verified and compared with the results of Beneish and Jones Non-discretionary Accruals models in conditions of Czech accounting regulations and international standards IFRS. The following paper further analyses and assesses the CFEBT approach to techniques and tools to identify risks of manipulated financial statements or tools for decreasing information asymmetry among the users of financial statements, with the use of main methods of creative accounting and accounting frauds in CFEBT model, Beneish´s model, Jones´ model of non-discretion accruality in comparison with the results of Altman´s model of financial health of a business corporation.

Název v anglickém jazyce

CFEBT Method as a Tool of Decreasing Information Asymmetry in Accounting and as a Part of Internal Controlling Systems

Popis výsledku anglicky

The paper deals with the possibilities of using CFEBT approach to identify potential risks of manipulated financial statements beyond their true and honest view of accounting including accounting mistakes and frauds. The existing research has verified the hypothesis of identifying the risk of manipulation of financial statements in the case study for 5 accounting periods with a CFEBT score in the condition of Czech accounting regulations and international standards of accounting recording (IFRS) in case studies of particular accounting units, as well as in the case studies where the techniques of creative accounting window dressing off-balance sheet financing were used. The CFEBT results of the study cases were subsequently verified and compared with the results of Beneish and Jones Non-discretionary Accruals models in conditions of Czech accounting regulations and international standards IFRS. The following paper further analyses and assesses the CFEBT approach to techniques and tools to identify risks of manipulated financial statements or tools for decreasing information asymmetry among the users of financial statements, with the use of main methods of creative accounting and accounting frauds in CFEBT model, Beneish´s model, Jones´ model of non-discretion accruality in comparison with the results of Altman´s model of financial health of a business corporation.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Liberec Economic Forum 2017

ISBN

978-80-7494-349-2

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

11

Strana od-do

319-329

Název nakladatele

Technická univerzita v Liberci, Ekonomická fakulta

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

11. 9. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000426486500036