Can Information from Publicly Available Sources Reveal Manipulation of Financial Statements? Сase Study of Czech and Slovak Companies

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Can Information from Publicly Available Sources Reveal Manipulation of Financial Statements? Сase Study of Czech and Slovak Companies

Popis výsledku v původním jazyce

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&apos; 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.

Název v anglickém jazyce

Can Information from Publicly Available Sources Reveal Manipulation of Financial Statements? Сase Study of Czech and Slovak Companies

Popis výsledku anglicky

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&apos; 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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Scientific Papers of the University of Pardubice. Series D. Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

1804-8048

Svazek periodika

30

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

9

Strana od-do

—

Kód UT WoS článku

001041312900002

EID výsledku v databázi Scopus

2-s2.0-85148215292