Kreativní účetnictví jako rizikový moment pro správné rozhodování podniku
Creative Accounting as Risk Moment for Right Decision of Enterprise

Summary/Abstract: Financial statements, known and used as final accounts, are the crucial groundwork for management of companies especially in terms of budgeting and management control and financial analyses as well. The authors of such analyses and other users of the statements ought to start from the moment of circumstances and originating the data. It is a targeted offer of presentation of visions of the company in some cases, i. e. the distortion of the image of the company. It is necessary to define using creative accounting in relation in fraudulent financial reporting. The paper is focused on some of the results of the research in possibility and limits of financial statements manipulation. The paper presents some methods of creative accounting to find out the statement creators’ motives to manipulate with accounting data. The paper also focuses on the presentation of some methods of creative accounting with methods of window-dressing and off-balance sheet financing to mention possible finding of fraudulent acting of the firm. Further on, it proposes the concept of limits of financial statements manipulation and accounting fraud in the Czech accountancy legislation. There is not any definition or delimitation to recognize the seriousness of manipulation with financial statements in relation to the true and fair picture of accountancy yet. Creative accounting definitions are different in the point of view of the „tolerance“ with the use of the methods of creative accounting and their consequences. The research results show that assuming the ability of notice of the final accounts means to take into account the techniques of manipulation with the account statements in relation to the motives of authors of such statements.

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