Analysis of the Notes to the Financial Statement Related to Balance Sheet in Case of Hungarian Information-Technology Service Companies

Fenyves Veronika (), Böcskei Elvira (), Bács Zoltán (), Zéman Zoltán () and Tarnóczi Tibor ()
Additional contact information
Fenyves Veronika: Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Hungary
Böcskei Elvira: Department of Finance, Faculty of Economic and Social Sciences, Budapest University of Technology and Economics, Hungary
Bács Zoltán: Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Hungary
Zéman Zoltán: Faculty of Economics and Social Sciences, Szent István University, Hungary
Tarnóczi Tibor: Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Hungary

Scientific Annals of Economics and Business, 2019, vol. 66, issue 1, 27-39

Abstract: The main aim of the study to examine the extent to which the companies of a specific Hungarian sector fulfil their obligation to provide information in their notes to the financial statements as stipulated by the Accounting Act. Accordingly, it should be examined whether the notes to financial statements contains the required data regarding the balance sheets of companies investigated. For the analyses, it was used the notes to the financial statement of 8,226 companies with Hungarian headquarters, which are regulated by the Hungarian Accounting Act and which have information-technology services as the main business activity. It was investigated 95.78% of the financial reports containing the notes. The analysis was performed using text mining method, utilizing every available notes to the financial statement of the sector. Findings of the study reveal that the amount of published information shows greater and lesser differences and in many cases, the quantity of published data does not fulfil even the minimal obligations stipulated legally.

Keywords: notes to the financial statements; balance sheet related items; equity and liability related items; text mining (search for similar items in EconPapers)
JEL-codes: C18 M41 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/saeb-2019-0001 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:66:y:2019:i:1:p:27-39:n:1

DOI: 10.2478/saeb-2019-0001

Access Statistics for this article

Scientific Annals of Economics and Business is currently edited by Ovidiu Stoica

More articles in Scientific Annals of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().