Možnosti identifikace rizika manipulace účetních výkazů v podmínkách českých účetních předpisů
Possibilities and Risk Identification of Manipulation of Financial Statements in Terms of Czech Accounting Statutory Instruments

Summary/Abstract: The crucial condition of financial statements is to provide reliable and true information. Accounting information is an important source of information about a business company for the majority of groups being interested. This paper deals with the specific interpretation of accountancy data. Its second line deals with understanding the financial statement preparation and intentions of those who prepare them. A case study demonstrates the methods of handling financial statements as well as it suggests a possible way to identify manipulated financial statements. Thus the article summarizes the outcomes of possibility and limits of manipulated financial statements and their identification. The goal of this article is based on the verification of the hypothesis whether there has been a close relation between the economic result and the loss and increase in cash flow in 5 years, or the sum of the amounts within the 5-year period has led to more or less similar results, then to create the CFEBT model applied to the financial statements in terms of the Czech accounting statutory instruments. This hypothesis was verified on the accounting statements of the accounting units of prepared case studies using selected methods of creative accounting (option A) compared to the case study respecting the true and fair view of accounting determined by Czech accounting statutory instruments (option C). There is proposed a possible identification model of creative accounting (the CFEBT model) applied to the financial statements in terms of the Czech accounting statutory instruments.

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