|
|
The Fair and True View of Business Unit in the Financial Statements
Němec, Petr ; Ondroušková, Renata (referee) ; Fedorová, Anna (advisor)
The diploma thesis deals with the issue of the fair and true view of business unit in the financial statements. The basic statements of the financial statements comprise the balance sheet, the profit and loss statement and the annexe to the financial statements explaining methods used for accounting of the accounting cases. The practical part of the diploma thesis is focused on analysis of the financial statements of particular entity and applied accounting procedures. The analysis of this unit was carried out focusing on achievement of fair and true view of this unit in the financial statements. The financial position and performance of the selected business unit was evaluated on the basis of selected financial indicators according to the unit's data and its own calculations. The results were compared and evaluated.
|
|
|
Decision making of the user of the financial statements about the financial position of the enterprise
VALDMANOVÁ, Dominika
The financial health of a company is important for the decision-making of a financial statement user for various reasons. It may be important for future investors to decide if they can invest in the company. In addition, it may also be important for a bank to decide whether the company can provide a credit. However, there are other cases where the user needs to know if the company is financially health. For this evaluation, there are selected the methods used to detect and evaluate the manipulation of financial statements. As these methods are selected the CFEBT model, the Beneish model and the Jones model of non-discretion accrual. Creditworthy models are used to determine whether the company is making any value for the future and there is any danger of bankruptcy. The creditworthiness index, the Tamari model and the IN05 model are selected as these models. In the diploma thesis, these methods are applied in six companies. There are the parent company named ABC a.s. and its five subsidiaries named with Roman numerals I-V. Names of companies are invention. In the practical part of the diploma thesis, the companies are analysed according to individual models and then there is determined the influence of subsidiaries on the parent company according the correlation coefficient. In the end the hypotheses are confirmed or refuted. The first hypothesis says that the whole consolidation unit is financially health. The second hypothesis assumes that the results of subsidiaries influence the results of parent company positively.
|
|
|
The Fair and True View of Business Unit in the Financial Statements
Němec, Petr ; Ondroušková, Renata (referee) ; Fedorová, Anna (advisor)
The diploma thesis deals with the issue of the fair and true view of business unit in the financial statements. The basic statements of the financial statements comprise the balance sheet, the profit and loss statement and the annexe to the financial statements explaining methods used for accounting of the accounting cases. The practical part of the diploma thesis is focused on analysis of the financial statements of particular entity and applied accounting procedures. The analysis of this unit was carried out focusing on achievement of fair and true view of this unit in the financial statements. The financial position and performance of the selected business unit was evaluated on the basis of selected financial indicators according to the unit's data and its own calculations. The results were compared and evaluated.
|
|
|
Possibilities of detection risk of fraud and accounting errors in terms of Czech accounting standards
ČERVENKOVÁ, Klára
The aim of the master thesis is to analyze the accountancy of the selected business entity in order to evaluate the risk of accounting errors and frauds in individual accounting areas and to determine the possible impact on financial statements. Head Sport s. r. o. is a chosen company for this master thesis and this company is based in České Budějovice. The analysis is based on real data and knowledge of the entity. The financial statements according to Czech Accountancy Standards will be analysed for 7 accounting periods (2011-2017). At the same time, the model will be applied to the consolidated and individual financial statements (2010-2014) of the parent company Head N.V. based in the Netherlands. The most significant and most problematic areas are leasing, receivables from controlled and managed entities, payables to controlled and managed persons and the area of sales which relates to leasing. At the same time, the very limited reporting capacity of financial statements according to Czech Accountancy Standards has been confirmed for users of these data.
|
|
|
Creative Accounting Techniques - Aspects of the Presentation of Financial Statements Prepared in Accordance with International Financial Reporting Standards
ŠVAMBERK, David
The topic of this diploma thesis is "Creative Accounting Techniques - Aspects of the Presentation of Financial Statements Prepared in Accordance with International Financial Reporting Standards". The aim of this thesis is to assess whether the selected entity has shown indicators of possible creative accounting in the context of publicly available financial statements compiled according to IFRS in comparison with Czech Accounting Standards and the subsequent assessment of acquired differences of both accounting approaches. For such assessment, selected detection models are used the Beneish model, the CFEBT model, and Jones Nondiscretionary Accruals. Moreover, there were calculated other two models Altman's Z-score and the Bonity Index. The diploma thesis is focused on the explanatory power of financial statements for stakeholders (or other external users) which has significant influence on their economic decision making. This work analyses issued and audited financial statements from the user's perspective who does not have any access to more detailed supporting documentation. The diploma thesis is divided into three main parts. The first part is the theoretical over-view of creative accounting. This part describes definitions, history, causes, effects, and techniques of creative accounting, as well as there are mentioned detection models which may help to identify manipulated financial statements. There are also presented bankruptcy and solvency models used for a financial analysis of the selected entity. The second part, methodological, contains the procedures and calculations of selected models used for the further analysis of creative accounting. The third part is devoted to evaluate the results of creative accounting analyses. In conclusion, there is commented the possible occurrence of creative accounting in the entity's financial statements and the explanatory power of both accounting systems.
|
|
|
Accounting and economics: Influence of accounting methods on economic indicators
Almásy, Michael ; Šťastný, Daniel (advisor) ; Svoboda, Miroslav (referee)
The way the economic reality is observed is essential in order to determine decision-making of economic subjects. The picture of economic reality drawn by accounting can be said to be either the true and fair, or biased. If the latter is the case, how much does that bias translate into the quality of economic decision-making? In summary, the paper analyzes whether accounting should provide the fair and true view whether it does, and how it affects the economic behavior when it does not on both micro-economic and macro-economic level. The arguments are built up on a logical structure rather taking a broader multidisciplinary approach to answer the previously stated questions.
|
guest ::
