Tag Archive | "accounting practices"

Detecting Creative Accounting Practices and Their Impact on The Quality of Information Presented in Financial Statements

This paper aims at presenting some methods of motivating, identifying and decreasing manipulation mechanisms in financial accounting data. Based on a research undertaken with Romanian companies, there has been produced a range of defining elements concerning the approach on creativity in accounting. Initially, we focused on the way business individuals perceive manipulation in accounting, the level of risk taking and the desire to identify such risks. According to our study undertaken, there is a high percentage likely to reveal the need of identifying creative practices in accounting and for becoming acquainted with the methods of achieving they should be structured according to the underlying interests and benefits.

Subsequently, relying on the data gathered there has been produced a series of strategies for limiting the financial accounting misleading data, considering all those involved in the economic activity. The conclusions largely confirm the initial hypotheses, an aspect otherwise revealing the need for security in accounting in the future, for generating trust through an accurate image instead of substantial increases, reinforcing thus the idea according to which a transparent company is a safe one, where anticipations are likely to become reality.

  1438_Nisulescu-Detecting Creative Accounting Practices and Their Impact on the Quality of Information Presented in Financial Statements.pdf (192.5 KiB, 15,811 hits)

Posted in Knowledge Management, Volume III, Issue no. 6