TOURISM COMPANIES AND THE FALS PORTRAIT GIVEN BY CREATIVE ACCOUNTING
Theodore Roosevelt expressed so well the need and effectiveness of natural resources “To waste, to destroy our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness, will result in undermining in the days of our children the very prosperity which we...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2014-05-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2014_Special/10_%20Peneoasu.pdf |
| Summary: | Theodore Roosevelt expressed so well the need and effectiveness of natural resources “To waste, to destroy
our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness, will result in
undermining in the days of our children the very prosperity which we ought by right to hand down to them amplified
and developed” in parallel with his statement that "Human beings are unique in that they can learn from others'
experience, but also through its refusal to make use of this capacity". Some companies use the knowledge of
professional accountants to manipulate figures contained in the annual accounts, without paying attention to detect
when "creativity” exceeds the limits imposed by law. Sometimes, professional accountants are convinced on the one
hand by incompetent managers, and on the other hand if the business downturn of the need for improvements in the
figures in the annual accounts. When asking why a company with the object of catering and tourism would resort to the
practice of using creative accounting, the answer is clear from the application of the trends in the field and from the
differences that emerged from the accounting procedures used by companies and the moment they are adopted |
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| ISSN: | 1844-7007 1844-7007 |