Issues Connected With The Reliability Of Information In Financial Reports And Methods For Discovering Manipulative Operations

Gergana Tsoncheva ()
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Gergana Tsoncheva: Varna University of Economics

Business & Management Compass, 2012, issue 1, 101-110

Abstract: The main objective of financial statements is to provide reliable information that clearly portrays the economic resources of an enterprise and the claims to those resources, and also any cha nges in them over a period of time. Financial reporting provides information that is useful to investors, creditors, and other users in making rational economic decisions. The qualitative characteristics of financial statements, such as true and fair view , understandability, reliability, relevance, comparability, and representational faithfulness, can be achieved through strictly observing the rules of accounting standards in evaluating the assets, the liabilities, and the equity of the enterprise.

JEL-codes: M41 (search for similar items in EconPapers)
Date: 2012
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