Towards financial sustainability of companies: Issues related to reporting errors

Paseková, Marie; Svitáková, Bohumila; Kramná, Eva; Otrusinová, Milana

dc.title	Towards financial sustainability of companies: Issues related to reporting errors	en
dc.contributor.author	Paseková, Marie
dc.contributor.author	Svitáková, Bohumila
dc.contributor.author	Kramná, Eva
dc.contributor.author	Otrusinová, Milana
dc.relation.ispartof	Journal of Security and Sustainability Issues
dc.identifier.issn	2029-7017 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2017
utb.relation.volume	7
utb.relation.issue	1
dc.citation.spage	141
dc.citation.epage	154
dc.type	article
dc.language.iso	en
dc.publisher	General Jonas Zemaitis Military Academy of Lithuania
dc.identifier.doi	10.9770/jssi.2016.7.1(12)
dc.subject	Accounting	en
dc.subject	Creative accounting	en
dc.subject	Errors	en
dc.subject	Financial statements	en
dc.subject	Financial sustainability	en
dc.subject	Information quality	en
dc.description.abstract	The aim of the paper is to analyse the opinion of enterprise representatives upon the risk of errors occurrence in selected areas of accounting. Research presented in this paper explains the view of enterprise accountants upon the risk of errors occurrence, both unintentional and intentional, aimed towards the creation of so called "creative accounting". The research itself, done on a sample of 232 Czech enterprises, was based on questionnaire investigation which focused on perception of problematic areas influencing the quality of accounting information. The obtained set of data was evaluated using descriptive method and mathematical/inference statistics. Special testing was done at hypotheses on concordance of two mean values and at the Friedman test. Evaluation of problematic rates of individual areas of accounting revealed that practically each observed area of accounting is connected with specific difficulties. The major causes of problems are tax impacts, namely in the area of the cost, time differentiation and of revenues and also difficulty in pricing, especially in the area of inventories and fixed and financial assets. High respondents' concordance on rating individual accounting areas as to the risk of an error occurrence was detected. It stemmed from the research that the risk of formation of unintentional errors is subjectively rated as the highest in the areas of conjectural and adjusting items and the lowest at asset and depreciation classification. Rating the space for intentional distortion of accounting statements indicates a very reserved attitude of the respondents. The results have proved that in the respondents' opinion practically all areas of accounting give space for occurrence of errors. The results of the research provided a somewhat different perspective on the issue of accounting errors in comparison with results published by other authors who used objective assessment of error rate as a departure point.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1007541
utb.identifier.obdid	43877448
utb.identifier.scopus	2-s2.0-85030636659
utb.source	j-scopus
dc.date.accessioned	2018-01-15T16:31:25Z
dc.date.available	2018-01-15T16:31:25Z
dc.rights	Attribution 3.0 Unported
dc.rights.uri	https://creativecommons.org/licenses/by/3.0/
dc.rights.access	openAccess
utb.contributor.internalauthor	Paseková, Marie
utb.contributor.internalauthor	Svitáková, Bohumila
utb.contributor.internalauthor	Kramná, Eva
utb.contributor.internalauthor	Otrusinová, Milana
utb.fulltext.affiliation	Marie Paseková1, Bohumila Svitaková2, Eva Kramá 3 , Milana Otrusinová 4 1, 2, 3, 4 Department of Finance and Accounting, Faculty of Management and Economics, Tomas Bata University in Zlín, 5139 Mostní, Zlín, 760 01, Czech Republic E-mails: 1 pasekova@fame.utb.cz; 2 svitakova@fame.utb.cz; 3 kramna@fame.utb.cz; 4 otrusinova@fame.utb.cz
utb.fulltext.dates	Received 10 December 2016; accepted 11 May 2017
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utb.scopus.affiliation	Department of Finance and Accounting, Faculty of Management and Economics, Tomas Bata University in Zlín, 5139 Mostní, Zlín, Czech Republic