Aspects of Financial Accounting and Managerial Accounting Outputs in Connection with the Decision-Making Processes of Accounting Units

Markéta Šeligová ()
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Markéta Šeligová: School of Business Administration in Karviná, Silesian University in Opava

A chapter in Advances in Longitudinal Data Methods in Applied Economic Research, 2021, pp 297-309 from Springer

Abstract: Abstract The aim of this chapter is to evaluate how information from financial accounting statements and managerial accounting outputs determine the economic and financial position of accounting entities in the Czech Republic in the context of identifying factors that may affect the amount of profit. This is mainly the cash conversion cycle (including accounts receivables, accounts payables, and inventory), financial assets, and financial debt. In order to fulfill the aim of this chapter, the method of comparison and the generalized method of moments (GMM method) will be used. The data sample will include data for the period 2007–2018. The analysis will include companies operating according to the CZ-NACE classification in manufacturing industry and in the Czech Republic. We used a sample of 3645 manufacturing companies. Using the comparison method and the GMM method was found a statistically significant relationship between the indicators affecting the profit of the company such as cash conversion cycle, financial assets, financial debt, and the gross operating profit and economic value added in manufacturing companies in the Czech Republic. It was also found that the determination of the financial position of companies in the manufacturing industry is distorted within the information from the financial accounting statements in comparison with the outputs of managerial accounting.

Keywords: Cash conversion cycle; Economic value added; Financial accounting; Financial assets; Financial debt; Gross operating profit; Managerial accounting (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-63970-9_21

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DOI: 10.1007/978-3-030-63970-9_21

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