Metrics

  • citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:7
  • full-text downloads in 30 days:6

Contents

article: 1 from 8  
Back back to result list
2018, vol. 20, iss. 1, pp. 61-78
Revarolization of permanent property and its implications on business result
University of Business Academy in Novi Sad, Faculty of economics and engineering management

emailvukasinovicj@hotmail.com
Keywords: fair value; permanent property; abuse; aggressive accounting
Abstract
The model of additional estimation of permanent property based on fair value provides many possibilities for abuse with the aim to report a financial position which is significantly different from the genuine one. This issue is even more important taking into account the importance of permanent property in the structure of assets of large and medium-sized legal entities where the effects of abuse are particularly obvious. The aim of this paper is to provide an insight into this issue. Detecting the techniques of creative accounting and the technique of aggressive revalorization of permanent property in particular by forensics, auditors, state authorities and others in order to prevent the processing of such practice is considered significant having in mind the damage resulting from evading income tax and reporting fake financial situation.
References
*** (2013) Zakon o porezima na imovinu. Sl. glasnik RS, br.26/01...47
*** (2014) Zakon o porezu na dobit pravnih lica. Sl. glasnik RS, br.25/...142
*** (2016) Zakon o proceniteljima vrednosti nepokretnosti. Sl. glasnik RS, 108
*** (2013/2014) Pravilnik o načinu priznavanja, vrednovanja, prezentacije i obelodanjivanja pozicija u pojedinačnim finansijskim izveštajima mikro i drugih pravnih lica. Sl. gl. RS, br. 118/2013 i 95/2014
*** (2010) Konceptualni okvir za finansijsko izveštavanje. IASB
*** (2013) Zakon o računovodstvu. Službeni glasnik RS, br.62
*** (2013) Zakon o reviziji. Sl. glasnik RS, 62
Andrić, M., Vuković, B. (2015) Priznavanje i vrednovanje bilansne imovine shodno zahtevima regulatornog okvira. Ekonomski pogledi, vol. 17, br. 2, str. 49-63
Barker, R., Schulte, S. (2017) Representing the market perspective: Fair value measurement for non-financial assets. Accounting, Organizations and Society, 56: 55-67
Bell, W. (2017) Foundations of futures studies: Volume 2: Values, objectivity, and the good society. Routledge
Bratten, B., Causholli, M., Khan, U. (2016) Usefulness of fair values for predicting banks' future earnings: Evidence from other comprehensive income and its components. Review of Accounting Studies, 21(1), 280-315
Bratten, B., Gaynor, L.M., McDaniel, L., Montague, N.R., Sierra, G.E. (2013) The audit of fair values and other estimates: The effects of underlying environmental, task, and auditor-specific factors. Auditing: A Journal of Practice & Theory, 32(Supplement 1): 7-44
Busso, D. (2018) Does ifrs 13 improve the disclosure of the fair value measurement: An empirical analysis of the real estate sector in Europe. GSTF Journal on Business Review (GBR), 3(4)
Cenciarelli, V.G., de Santis, F., Greco, G. (2018) External audit and fair value measurements
Chen, W., Shroff, P.K., Zhang, I. (2017) Fair value accounting: Consequences of booking market-driven goodwill impairment
Chung, S.G., Goh, B.W., Ng, J., Yong, K.O. (2017) Voluntary fair value disclosures beyond SFAS 157's three-level estimates. Review of Accounting Studies, 22(1): 430-468
Evans, M.E., Hodder, L., Hopkins, P.E. (2014) The predictive ability of fair values for future financial performance of commercial banks and the relation of predictive ability to banks' share prices. Contemporary Accounting Research, 31(1): 13-44
Ferreira, P.P., Kraeussl, R., Landsman, W.R., Nykyforovych, M., Pope, P.F. (2018) Reliability and relevance of fair values: Private equity investments and investee fundamentals
Fiechter, P., Novotny-Farkas, Z. (2017) The impact of the institutional environment on the value relevance of fair values. Review of Accounting Studies, 22(1): 392-429
Goh, B.W., Li, D., Ng, J., Ow, Y.K. (2015) Market pricing of banks' fair value assets reported under SFAS 157 since the 2008 financial crisis. Journal of Accounting and Public Policy, 34(2): 129-145
Gokcen, G., Teraman, O. (2018) Importance of synergistic value in the context of business combination: A case study from Turkey. Economics, 6(1): 49-60
Griffith, E. (2015) Auditors, Specialists, and professional jurisdiction in audits of fair values
Griffith, E.E. (2015) How do auditors use valuation specialists when auditing fair values?. Madison: The University of Wisconsin, Unpublished paper
Hanley, K.W., Jagolinzer, A.D., Nikolova, S. (2018) Strategic estimation of asset fair values. 66(1): 25-45
IASB (2001) Okvir za pripremanje i prikazivanje finansijskih izveštaja
Juhas, G. (2011) Sekjuritizacija kredita i uzroci hipotekarne krize. Ekonomski pogledi, br. 1, str. 101-125
Knežević, G., Pavlović, V., Stevanović, S. (2015) New accounting rules for the recognition and measurement of financial instruments: Some issues implied by the IFRS 9. Ekonomski pogledi, vol. 17, br. 3, str. 91-105
Lawrence, A., Siriviriyakul, S., Sloan, R.G. (2016) Who's the fairest of them all: Evidence from closed-end funds. Accounting Review, 91(1): 207-227
Marai, A., Pavlović, V. (2013) Earnings management vs financial reporting fraud: Key features for distinguishing. Facta universitatis - series: Economics and Organization, vol. 10, br. 1, str. 39-47
McDonough, R.P., Shakespeare, C.M. (2015) Fair value measurement capabilities, disclosure, and the perceived reliability of fair value estimates: A discussion of Bhat and Ryan. Accounting, Organizations and Society, 46: 96-99
Ministarstvo finansija Republike Srbije (2014) Međunarodni računovodstveni standard 12 - porezi na dobitak. zvanični prevod
Ministarstvo finansija Republike Srbije (2014) Međunarodni računovodstveni standard 16 - nekretnine, postrojenja i oprema. zvanični prevod
Ministarstvo finansija Republike Srbije MSFI 13 Odmeravanje fer vrednosti. zvanični prevod
Ministarstvo finansija Republike Srbije (2013) MSFI za MSP. zvanični prevod
MSR-Savez računovođa i revizora Srbije (2006) Međunarodni standardi i saopštenja revizije, uveravanja i etike
Müller, M.A., Riedl, E.J., Sellhorn, T. (2015) Recognition versus disclosure of fair values. Accounting Review, 90(6): 2411-2447
Pavlović, V., Ljumović, I. (2009) Finansijska regulativa u SAD kao pokretač aktuelne svetske krize. Računovodstvo, vol. 53, br. 5-6, str. 78-93
Ramasamy, R., Kumar, B.C., Saldi, S.B.M. (2018) Soft computing of credit risk of bond portfolios. in: Soft Computing: Theories and Applications, Singapore: Springer, pp. 815-828
Siekkinen, J. (2016) Value relevance of fair values in different investor protection environments. Accounting Forum, 40(1): 1-15
Skoda, M., Bockova, K.H. (2018) Has financial crisis been the crisis of fair value accounting?. IJAME, Available online at www.managementjournal.info
Song, X. (2015) Value relevance of fair values: Empirical evidence of the impact of market volatility. Accounting Perspectives, 14(2): 91-116
Stojiljković, M. (2011) Towards a criticism of fair value accounting. Facta universitatis - series: Economics and Organization, vol. 8, br. 1, str. 91-109
Stojiljković, M. (2010) Fair value accounting: The beginning of the end. Facta universitatis - series: Economics and Organization, vol. 7, br. 2, str. 163-177
Škarić-Jovanović, K. (2009) Finansijska kriza - povod za preispitivanje osnova vrednovanja u finansijskim izveštajima. in: Zbornik radova: 40 godina računovodstva i poslovnih finansija - dometi i perspektive, XL simpozijum SRRS
The International Valuation Standards Committee-IVSC Međunarodni standardi procenjivanja / International Valuation Standards. www.rics.org
Zamora-Ramírez, C., Morales-Díaz, J. (2018) The use of fair value measurement in financial reporting: A literature review. Estudios de Economía Aplicada, 36(2), 489-514
 

About

article language: Serbian
document type: Review Paper
DOI: 10.5937/EkoPog1801061V
published in SCIndeks: 12/02/2020

Related records

FU: Econ&Organization (2010)
Fair value accounting: The beginning of the end
Stojiljković Milorad

FU: Econ&Organization (2011)
Towards a criticism of fair value accounting
Stojiljković Milorad

Ekonomika poljoprivrede (2010)
World financial crisis and its impact on the Serbian economy
Stevanović Simo V., et al.

show all [12]