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Creative techniques in accounting and their impact on a true and fair view
KŘÍŽOVÁ, Denisa
Subject of this diploma thesis is "Creative accounting techniques and their impacts on true and fair view". The aim is to present the mostly used creative accounting techniques (listed in the theoretical part) and evaluation of their repercussions on financial statements and true view of accounting. Concepts of creative accounting are defined in the theoretical part same as reasoning and circumstances which lead to utilization of creative accounting. These are followed by advantages and disadvantages of such deeds. Following factual part is devoted to an analysis of a specific company and its economic results in the last 5 years. Together with analysis of the company also risks of the concerned industry are examined. Beneish and CFEBT models are used to actually check the true and fair view on the company's financial statements. To really demonstrate the impacts of the creative accounting techniques listed in the theoretical part these were used and implemented on year 2018 financial statements of the XY company. Results of the analysis are compared with the actual numbers and figures while also considering their impact on true and fair view of the company's financial statements.
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Impacts of Selected Changes in Accounting Legislation on Reporting and Comparison of Data
NOVÁKOVÁ, Lucie
The thesis deals with the evaluation of changes in accounting legislation in relation to the informative ability of accounting. In particular, these changes are: - Canceling Reporting Item Separation Reporting alone - Changes in accounting for provisions - Accounting for activation and inventory of own activity - Categorization of entities and related obligations - Cancellation of extraordinary costs and revenues - Amendment to the regulations governing the auditor's audit of financial statements - Canceling the separate reporting of the Trade Margin item As the Czech Republic is a part of the European Union, it is impossible to ignore the effort to unify repor-ting, which is intended to improve the readability of financial statements for users from other countries. The work includes an evaluation of changes from the perspective of various authors and the professional public. Selected statements are verified on selected businesses. The ongoing small legislative adjustments do not fully meet the needs of current businesses, the concept of the new form of accounting, which is currently presented to the professional public for discussion, indicates the future direction of Czech ac-counting. An equally important part of the thesis is the analysis of the questionnaire, which seeks to gain the opinion of the professional public on the issue.
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Application of selected accounting principles in specific conditions of Centrum Paraple, a public benefit organization
Pištorová, Bára ; Poutník, Lukáš (advisor) ; Zouhar, Tomáš (referee)
The thesis deals with accounting principles in specific conditions of the selected non-profit organization. The main aim of this thesis is to describe and analyse accounting practises of the accounting entity and evaluate them in terms of accounting principles. The first part constitutes a theoretical base for this issue. In the first chapter are described public benefit organizations with relation to legislation. The second chapter defines assumptions of double entry accounting system and particular accounting principles. In the third chapter is introduced non-governmental organization Centrum Paraple, a public benefit organization, especially its activities, mission and economy. The last chapter constitutes a practical base of the thesis, which is based on an analysis of certain accounting principles in specific conditions of the selected public benefit organization.
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The accounting and jurisdiction practices of the Supreme Audit Institution
Hanselová, Aneta ; Králíček, Vladimír (advisor) ; Roubíčková, Jaroslava (referee)
The aim of the following thesis reflects current trends in public sector accounting and subsequent audit of public sector entities's financial statements. The main principles of accounting are desribed in order to determine how the financial statements are used during controls and audits. In this context the Supreme Audit Institution is introduced as an independant institution practicing external audit in public sector. For this purpose the SAI's control reports reflected the financial audit of the selected public sector entities will be analyzed.
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Reserves - an instrument of caution
Štychová, Andrea ; Randáková, Monika (advisor) ; Míková, Marie (referee)
In the introduction the bachelor's thesis focuses on terms such as the principle of prudence, the true and fair view, going concern in the foreseeable future and the accrual principle. The next part deals with instruments of caution - depreciation, adjusting items and reserves. It focuses on different types of reserves. In the practical part it is analyzed,what types of reserves are most frequently shown by enterprises in the czech region in 2012.
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Influence of Selected Accounting Principles on the Financial Statement Closing Process
Krejzlová, Darina ; Vácha, Petr (advisor) ; Pelák, Jiří (referee)
This thesis is concerned with generally accepted accounting principles in the Czech Republic. Emphasis is laid on the application of these principles to a well-defined set of steps that must be followed when preparing a closing financial statement. A secondary aim of this study is to evaluate current legislative measures in terms of how sufficient they are for the proper use of the principles in the Czech Republic. These measures are compared with international accounting standards. In order to accomplish the objectives, theoretical knowledge was gathered, and then applied to specific cases, which are described in the comments section. The second part is supplemented with a comparison of Czech and international legislation, emphasizing the main differences and drawbacks that may influence the application of the accounting principles. The conclusion provides a summary of research findings.
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Creative accounting methods, models and their use
KLEČKOVÁ, Jitka
The aim of this work is to formulate the most famous creative accounting techniques in relation to selected items of financial statements, including their impact, and further to evaluate selected creative accounting models. These models are used for detection of possible manipulation in reported accounting data. The aim is also to determine their potential as well as their limitations. The thesis is divided into two parts. The first part deals with the essence of creative accounting. The second part provides an analysis of selected items of financial statements in relation to the creative accounting practices. The thesis also includes a case study that addresses the issue of the identification of manipulated financial statements. Financial statements are an important source of information. When the data contained in them are modified, they supply inaccurate and false information. Then this fact may have a significant impact on users´ decision.
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Creative accounting
Lukačková, Petra ; Polák, Martin (advisor) ; Procházka, David (referee)
This bachelor thesis deals with the problem existing in the world-creative accounting which leads to a violation of true and fair view of accounting and provides users of financial statements misleading. The thesis is togather as much information as possible on the issue, describe the concept of creative accounting and its origin, define the major causes and techniques. Finally, in order to define the boundaries of accessible creative accounting, impacts and possible sanctions.
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creative accounting
Havlůj, Zdeněk ; Pelák, Jiří (advisor) ; Molín, Jan (referee)
In this thesis I try to clarify the concept of "creative accounting ". First I define the difference between error and fraud. Then I try to compare two different accounting systems (IFRS and Czech accounting standards). I specify the major differences between these two systems (the valuation of assets, the principle of revenue recognition etc.) and I compare their impact on the financial statements. In the end I consider the role of adoption of the Sarbanes-Oxley Act in relation to the creative accounting.
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Creative accounting with impact on income tax
Kudláčková, Pavla ; Polák, Martin (advisor)
In this thesis I will try to clarify the concept of "creative accounting". I will engage in describing individual techniques that could lead to a wrong statement. Then, I will continue to identify more specific processes that affect the overall management. In conclusion, I work on reasons that lead to practices of creating accounting and also its consequences.
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