Improving the Numbers of Financial Statements

Traian Calota and Alin-Eliodor Tănase
Additional contact information
Traian Calota: Faculty of Economic Sciences, University Titu Maiorescu Bucharest, Senior Expert Infofisc
Alin-Eliodor Tănase: CFO, Everet România Distribution

Journal of Knowledge Management, Economics and Information Technology, 2013, vol. 3, issue 3, 15

Abstract: Improving the numbers of financial statements can be achieved by several methods such as: recording the revenue too soon, recording bogus revenue, shifting the current expense to a future or an earlier period, failing to record liabilities or shifting the current revenue to a later periods. As being science, technology or language of communication the accounting should reflect economic reality of transactions. Legal regulations, knowledge, creativity, management, and innovation spirit are all factors that are applied in practice and these factors contribute to economic reality through science of the reporting or ‘financial position and performance tuning (creative accounting).

JEL-codes: H32 M16 M41 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spp:jkmeit:1392

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