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2008, vol. 56, br. 5-6, str. 182-193
Creative financial reporting as a source of information risks
(naslov ne postoji na srpskom)
Univerzitet u Beogradu, Ekonomski fakultet
Ključne reči: policy of financial reporting; creative financial reporting; aggressive accounting; earnings management; income smoothing; fraudulent financial reporting
Sažetak
(ne postoji na srpskom)
Efficient functioning of capital market implies the existence of reliable and transparent system of financial reporting aiming at the decrease of information asymmetry. Of course, investors and other users expect high quality information in order to make right decisions. The problem rises when management, supported by accountants and auditors, begins executing creative accounting practice. Concerning this, creative accounting implies activities directed towards intentional framing of financial reports in order to present only wished-for and not real profitability and financial position of a company. In the first part of this paper, the effort was made to define creative accounting reporting as well as to point at the difference between creative accounting reporting and permissible policy of financial reporting. This part of the paper offers the explanation of the following terms aggressive accounting, profit management, income smoothing and fraudulent financial reporting. This is followed by the analysis of motives essential for the application of creative accounting practice.
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jezik rada: engleski
vrsta rada: naučni članak
objavljen u SCIndeksu: 25.01.2009.

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