Economic Security in Supporting the Enterprise Strategic Development: Urainian View
Journal Title: International Journal of New Economics, Public Administration and Law - Year 2018, Vol 2, Issue 2
Abstract
The article discusses the possibilities of using the Beneish model in the realities of Polish balance sheet legislation. This legislation, based on the legal norm of the law, refers to IASF international regulations and introduces a number of accounting methods, the application of which allows obtaining financial results of diversified values. Removing the influence of these methods on the financial statements is favored by the (eight and five) method of detecting M.D.Beneish. The article validates this method using selected components of the financial statements of the company which declared bankruptcy in 2018. It is worth noting that in the preceding years it indicated a high profit and proper asset structure allowing for obtaining positive opinions by "independent" certified auditors auditing and reviewing the financial statements of the entity, on the basis of which the entity was able to incur further liabilities.
Authors and Affiliations
Leszek Michalczyk
Keywords
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- EP ID EP622397
- DOI 10.31264/2545-093X-2018-2(2)-127-134
- Views 54
- Downloads 0
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