≣ MENU

Search For:  
Czech |  English

Journal of Competitiveness

The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators

Eva Kolarova, Vendula Kolarova, David Homola

Keywords:
accounting, inaccurate information, tax base, economic indicators

Abstract:
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.

Fulltext download:

The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators [PDF file] [Filesize: 566.83 KB]

10.7441/joc.2019.01.03


Kolarova, E., Kolarova, V., Homola, D. (2019). The Impact of Errors in the Area of Taxable Expenses and Revenues on Economic Indicators. Journal of Competitiveness, 11(1), 41–51. https://doi.org/10.7441/joc.2019.01.03

Journal of Competitiveness

Homepage | About | Current issue | Archive | Instructions for authors | RSS feed | LinkedIn | Facebook

Copyright © 2009-2019 Journal of Competitiveness; Tomas Bata University in Zlin. All rights reserved.
Search powered by Google™

ISSN 1804-171X (Print)
ISSN 1804-1728 (On-line)


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.