Browsing by Author "Bagos (Calancea), Eugenia"

Now showing 1 - 3 of 3

CONTABILITATEA CREATIVĂ CA OBIECT AL AUDITULUI FINANCIAR, PRACTICI SPECIFICE DE EXERCITARE ALE ACESTUIA
(CEP USM, 2021-04-22) Bagos (Calancea), Eugenia
This article aims to define the notion of creative accounting, alongside with the specific risks and consequences of usage of the creative accounting practices by the firms. There is also presented the actuality of the topic, the main reasons why accounting professionals may use these techniques, the double perspective of creative accounting and the main instruments that may be applied in order to mitigate the bad practices. One of the important role in identi- fication and mitigation of the creative accounting practices are the high quality audit procedures performed throughout the audit engagements.
IMPACTUL CONTABILITĂȚII CREATIVE ASUPRA SITUAȚIILOR FINANCIARE ȘI PERFORMANȚEI ENTITĂȚII
(CEP USM, 2022) Bagos (Calancea), Eugenia
This article aims to define the notion of creative accounting, alongside with presentation of the impact of such techniques usage on the financial statements of a company as well as on it’s performance. The linkage between the creative accounting and the necessity of the managers to present a specific performance of the company alongside with avoidance of damages on the company’s image is clearly identified. Reliability and the benefit of financial or performance information determined using creative accounting, is significantly deteriorated, this is why, usage of creative accounting should be limited, by promotion of fair accounting practices by governances and auditors of companies.
TEHNICI SPECIFICE DE CONTABILITATE CREATIVĂ Eugenia BOGOS (CALANCEA)
(CEP USM, 2022) Bagos (Calancea), Eugenia
In the specialized literature, there is no consensus regarding the definition of the concept of creative accounting. Thus, in the specialized literature there are various approaches, starting from the idea that the concept of creative accounting is used, as a rule, to describe the process by which professional accountants use their knowledge in order to manipulate the figures included in the annual accounts. Creative accountants will always find bizarre and novel ways to twist the numbers to the company's advantage. Their goal is to make a business appear as successful and profitable as possible, and sometimes they will do this by misrepresenting the truth. Where a gray area is found in accounting, it can be exploited, even if it results in misleading investors. The potential of creative accounting is found in six main areas: regulation and flexibility of accounting and legislative regulations, lack of regulation, leeway for managerial judgment regarding future assumptions, the timing of some transactions, the use of artificial accounts, as well as some financial instruments, artificial transactions and finally the reclassification and presentation of financial figures. Creative accounting techniques revolve around the basic process of "debiting and/or crediting an 'incorrect' account" when recording a transaction or event. By default, the process also covers "debiting and/or crediting" the correct accounts the "correct" amount.