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PROCEDURES AND TECHIQUES SPECIFIC TO CREATIVE ACCOUNTING USED IN REGISTERING THE EXCHANGE RATE DIFFERENCES

Laura-Alexandra Mortură, Daniel Petru Vârteiu and Andreea Elena Dreghiciu
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Laura-Alexandra Mortură: University „1st of December 1918” Alba Iulia
Daniel Petru Vârteiu: University „1st of December 1918” Alba Iulia
Andreea Elena Dreghiciu: University „1st of December 1918” Alba Iulia

SEA - Practical Application of Science, 2017, issue 15, 407-411

Abstract: The purpose of accounting is to show an entity’s trusty image through different financial reports. The information provided by these reports are used in the decision making process by different categories of users. Throughout time different procedures and techiques have been developed, through which an „embelishment” of financial reports is made. These procedures and techniques are specific to creative accounting and have the capacity to influence both the profit and loss account, but also the entity’s balance sheet. Only by knowing the procedures specific to creative accounting, can the users of financial reports identify the situations, reasons and consequences of their appliance on the information based on which they will make certain decisions. A domain in which the techiques of creative accounting have the capacity of influencing the exercise and implicitly the owned contribution is the one concerning the exchange rate differences.

Keywords: Creative accounting; Economic – financial information; Exchange rate differences (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2017
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