 CONFUSION OF ACCOUNTING TERMINOLOGY IN LITHUANIAGintaras Černius () European Journal of Business and Economics, 2011, vol. 3, issue 0, 12-16 volume1: 3 Abstract: This article presents an analysis of issues relevant to the science of finances and the practical side of this field related to financial terms. The article is written with the purpose of helping solve terminology problems of accounting which is viewed as a scientific and practical activity field. The goals of this article are to reveal the current problems of financial terminology in the field of accounting, analyze the reasons of their occurrence, determine the possible and existing negative consequences of the use of incorrect terms in the scientific and practical fields and foresee possible solutions of such problems while aiming to negate or at least reduce its impact. The relevance of the article is that the problem of accounting terms that has been discussed only sporadically is now analyzed entirely starting from its rise and development and encompassing modern times. One of the more significant results of this article is evident proof that the use of incorrect terms has negative impact upon the results provided in financial reports. Also, based on the article, certain conclusions were formed which foresee possible solutions to the analyzed terminology problems occurring in scientific literature and practice. Keywords: AccountingTerminology; Problems in Literature (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aad:ejbejj:v:3:y:2011:i:0:p:12-16 Access Statistics for this article More articles in European Journal of Business and Economics from Central Bohemia University |
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