EVOLUTION OF EARNINGS MANAGEMENT PRACTICE: A NEW THREAT TO THE QUALITY OF FINANCIAL REPORTS

Snežana Miletić; Siniša Radić

doi:10.5937/Oditor2203117M

Autori

Snežana Miletić Univerzitet u Beogradu, Ekonomski fakultet, Beograd, Srbija Author
Siniša Radić Univerzitet u Beogradu, Ekonomski fakultet, Beograd, Srbija Author

DOI:

https://doi.org/10.5937/Oditor2203117M

Ključne reči:

Upravljanje obračunskim komponentama dobitka, upravljanje dobitkom putem realnih transakcija, kvalitet finansijskih izveštaja

Apstrakt

Mehanizmi upravljanja dobitkom mogu se realizovati primenom računovodstvenih tehnika ili preduzimanjem realnih transakcija. U prvom slučaju, oportunističko ponašanje usmereno je ka obračunskim komponentama računovodstvenih rezultata, dok manipulacije realnim transakcijama imaju reperkusije na novčane tokove. Na bazi kvalitativne analize relevantne međunarodne i domaće literature koja se odnosi na problematiku upravljanja dobitkom, u radu su predstavljene posledice, ograničenja i rizici povezani sa različitim tehnikama upravljanja dobitkom. U velikom broju istraživanja sprovedenih u razvijenim privredama potvrđena je evolucija prakse upravljanja dobitkom od računovodstvenih manipulacija ka manipulacijama putem realnih transakcija. Kako su metodološki instrumenti za procenu realnih manipulacija i dalje oskudni, cilj rada je da skrene pažnju javnosti na praksu upravljanja dobitkom putem realnih transakcija jer je reč o perfidnijem obliku koji značajno redukuje rizik detekcije. Osim toga rad doprinosi definisanju novog područja istraživanja ka kome bi u budućnosti akademska računovodstvena zajednica trebalo da usmeri svoje napore.

##plugins.themes.default.displayStats.downloads##

##plugins.themes.default.displayStats.noStats##

Reference

Baber, WR, Fairfield, PM and Haggard, JA (1991). The Effect of concern about Reported Income on Discretionary Spending Decisions: The Case of Research and Development. The Accounting Review, 66(4), pp. 818–829.

Baber, WR, Kang, S.-H. and Li, Y. (2011). Modeling Discretionary Accrual Reversal and the Balance Sheet as an Earnings Management Constraint. The Accounting Review, 86(4), pp. 1189–1212.

Barton, J. and Simko, PJ (2002). The Balance Sheet as an Earnings Management Constraint. The Accounting Review, 77 (Supplement), pp. 1– 27.

Bartov, E. (1993). The Timing of Asset Sales and Earnings Manipulation. The Accounting Review, 68(4), pp. 840–855.

Cohen, DA, Dey, A. and Lys, TZ (2008). Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods. The Accounting Review, 83(3), pp. 757–787.

Dechow, PM and Schrand, C. (2004). Earnings quality. Research Foundation of CFA Institute.

Dechow, PM, Sloan, RG and Sweeney, AP (1996). Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research, 13(1), pp. 1–36.

FASB (Financial Accounting Standards Board). Statement of Financial Accounting Concepts No. 1 Objectives of Financial Reporting by Business Enterprises.

Fields, TD, Lys, TZ and Vincent, L. (2001). Empirical research on accounting choice. Journal of Accounting and Economics, 31, pp. 255–307.

Graham, JR, Harvey CR, Rajgopal S. (2005). The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40.

Hribar, P. (2002). Discussion of "Inventory changes and future returns". Review of Accounting Studies, 7(2–3), pp. 163–187.

Lev, B. (2003). Corporate Earnings: Facts and Fiction. The Journal of Economic Perspectives, 17(2), pp. 27–50.

Levitt, A. (1998). The "Numbers Game". Securities and Exchange Commission. Remarks by Chairman Arthur Levitt www.sec.gov

Miletić, S., Vučković Milutinović S. (2020). An Analysis of Accrual-based Earnings Management in Large Serbian Companies. Business Economics, 68(7-8), pp. 469-483

Miletić, S. (2021). Assessment of the quality of financial reports of large companies in the Republic of Serbia using models based on aggregate measures. Doctoral dissertation, Faculty of Economics, University of Belgrade

Nelson, MW, Elliott, JA and Tarpley, RL (2003). How Are Earnings Managed? Examples from Auditors. Accounting Horizons, pp. 17–35.

Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of Accounting and Economics, 42, pp. 335–370.

Schilit, H. (2002). Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud in Financial Reports. Second Ed. McGraw-Hill.

Srivastava, A. (2019). Improving the measures of real earnings management. Review of Accounting Studies. Springer, 24(4), pp. 1277– 1316.

Thomas, JK and Zhang, H. (2002). Inventory changes and future returns. Review of Accounting Studies, 7(2–3), pp. 163–187.

www.sec.gov/news/press/2004-105.htm Bristol-Myers Squibb Company Agrees to Pay $150 Million to Settle Fraud Charges. Available at: https://www.sec.gov/news/press/2004-105.htm