The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators
Basic financial indicators are based on accounting information. These indicators help to manage and plan every business and are quite important in the performance assessment of accounting units. The road to success for every business is to increase its competitiveness, which is not possible without...
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Tomas Bata University in Zlín
2019-03-01
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doaj-6dfcc7b7615747d2aa6ecdfb373d1a1d2020-11-25T01:55:50ZengTomas Bata University in ZlínJournal of Competitiveness1804-171X1804-17282019-03-01111415110.7441/joc.2019.01.03The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic IndicatorsEva Kolarova0Vendula Kolarova1David Homola2Tomas Bata University in ZlínTomas Bata University in ZlínTomas Bata University in Zlín Basic financial indicators are based on accounting information. These indicators help to manage and plan every business and are quite important in the performance assessment of accounting units. The road to success for every business is to increase its competitiveness, which is not possible without access to the proper information. This article briefly describes the effect of accounting errors, mainly in the area of taxable expenses and revenues, on economic indicators. The aim of the article is to present research results focused on reasons for the occurrence of inaccurate accounting information and its impact on economic indicators. The first part of the paper analyses the error rate in individual areas of accounting. The difficulty of valuation, adjustments, depreciation, tax impacts and the accruals were proven to be the riskiest areas and the subsequent research focused on them. The second part of the research focused on the use of economic indicators in companies and the influence of errors on firms’ ability to provide information. The data were processed using descriptive statistics and statistical analysis methods. In the following discussion, special attention was devoted to the distortion of economic indicators due to bad accounting information, the occurrence of which was statistically confirmed.https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=314&cp=accountinginaccurate informationtax baseeconomic indicators |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Eva Kolarova Vendula Kolarova David Homola |
spellingShingle |
Eva Kolarova Vendula Kolarova David Homola The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators Journal of Competitiveness accounting inaccurate information tax base economic indicators |
author_facet |
Eva Kolarova Vendula Kolarova David Homola |
author_sort |
Eva Kolarova |
title |
The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators |
title_short |
The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators |
title_full |
The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators |
title_fullStr |
The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators |
title_full_unstemmed |
The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators |
title_sort |
impact of errors in the area of taxable expenses and revenues on economic indicators |
publisher |
Tomas Bata University in Zlín |
series |
Journal of Competitiveness |
issn |
1804-171X 1804-1728 |
publishDate |
2019-03-01 |
description |
Basic financial indicators are based on accounting information. These indicators help to manage and plan every business and are quite important in the performance assessment of accounting units. The road to success for every business is to increase its competitiveness, which is not possible without access to the proper information. This article briefly describes the effect of accounting errors, mainly in the area of taxable expenses and revenues, on economic indicators. The aim of the article is to present research results focused on reasons for the occurrence of inaccurate accounting information and its impact on economic indicators. The first part of the paper analyses the error rate in individual areas of accounting. The difficulty of valuation, adjustments, depreciation, tax impacts and the accruals were proven to be the riskiest areas and the subsequent research focused on them. The second part of the research focused on the use of economic indicators in companies and the influence of errors on firms’ ability to provide information. The data were processed using descriptive statistics and statistical analysis methods. In the following discussion, special attention was devoted to the distortion of economic indicators due to bad accounting information, the occurrence of which was statistically confirmed. |
topic |
accounting inaccurate information tax base economic indicators |
url |
https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=314&cp= |
work_keys_str_mv |
AT evakolarova theimpactoferrorsintheareaoftaxableexpensesandrevenuesoneconomicindicators AT vendulakolarova theimpactoferrorsintheareaoftaxableexpensesandrevenuesoneconomicindicators AT davidhomola theimpactoferrorsintheareaoftaxableexpensesandrevenuesoneconomicindicators AT evakolarova impactoferrorsintheareaoftaxableexpensesandrevenuesoneconomicindicators AT vendulakolarova impactoferrorsintheareaoftaxableexpensesandrevenuesoneconomicindicators AT davidhomola impactoferrorsintheareaoftaxableexpensesandrevenuesoneconomicindicators |
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