The diploma thesis deals with the issue of creative accounting and subsequent manipulation of financial statements. This is the current topic in our country and in the world. After several world scandals in the area of deliberate misrepresentation of accounting, an increasing emphasis is placed on the reporting ability of financial statements and, in particular, their true and fair value. Financial statements are often the basis for making economic decisions by external users of financial statements. Therefore, it is necessary to emphasize other possible methods leading to the detection of the misstatements in them. The diploma thesis is divided into literary and practical part. In the literary part the reader is acquainted with basic concepts, definition of creative accounting and accounting fraud. There is also a set of selected identification methods used both to prevent the creation and to detect accounting frauds. The practical part of the thesis applies four selected models to the financial statements of the selected entity. It is a small entity without an audit obligation where the main activity is the provision of IT services. Applied and further compared are the Beneish M-Score, Jones Nondiscretionary accruals, CFEBT and Piotroski F-Score models. An add-on is a bankrupt Altman model that evaluates the financial health of the entity, but it does not indicate anything about the possibility of disturbing the true and fair value. Risk periods are analyzed in detail using basic financial analysis techniques. The conclusion of the thesis provides an evaluation of the applicability and suitability of the used methods for the given type of business.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:387636 |
| Date | January 2018 |
| Creators | JAROLÍMKOVÁ, Kamila |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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