Vladimír Urbánek (Kurzy.cz)
Business  |  February 13, 2013 14:35:43

Morale entrepreneurs is significantly improving, still přikrášlují its financial results


21% of entrepreneurs in the Czech Republic this year is expected to improve their financial accounts. While this is down by one percentage point less than last year, but it is efficiently modified by potentially more than one-fifth of the financial statements for 2012. In practice, this may represent around 200 t ISIC companies. This is the result of a regular poll Association of Chartered Certified Accountants.

Number of accounting adjustments, such as "increase profitability" is almost four out of five creative interventions in the financial statements, specifically 78.9%. Last year featured an artificial increase in the profitability of 87.3% of these treatments.

Polls attended by 314 respondents from among the members of the Association of Chartered Certified Accountants, which brings together experts on accounting, tax and corporate finance. In their view, in addition to profitability and indebtedness often přikrášluje company. Indebtedness of the company this year "reduced" by a full 2 percentage points more companies than last year. 17.5% of embellishments so this creates accounts "deleveraging".Outwardly, therefore, as less indebted entity potentially faces up to around 30,000 companies registered in the country. Other common modifications include optimization of tax losses, budget indicators or analysis of enhancements to the results.

Clearly confirms the assumption that financial statements can be partly deliberately distort. This is mainly on information in the balance sheet and the profit and loss account. The only statement which does not change, and hence embellish, the cash flow, which isstatement of cash flows. According to Alice Šrámková, President of the Chamber, it remains a paradox that a particular statement is not in accordance with the Accounting Act compulsory part of the financial statements of entrepreneurs. Stresses that Czech legislation does not have sufficient tools to prevent distortion of the financial statements. The fact is also convinced almost 68% of all survey respondents, current Association of Chartered Certified Accountants.

DitaChrastilová, Vice-President of the Chamber, commenting on possible reasons for embellishing statements: "At a time of continuing economic downturn, we can improve the results of efforts to explain the reasons for career managers, and of course the availability of finance from banks or investors. External pressure on companies cause. Logically, it takes an effort to improve the image of their commercial success. "

The Chamber of Chartered Accountants

Chamber of Certified Accountants is since 1999 an integral part of the system of certification of accountants in the Czech Republic. The chamber operates as a separate organizational unit under the Union of Accountants who owns this system of certification and certification in addition to the Institute of Accountants, the system ensures that organization as a service company.   The chamber is a platform for certified accountants who are in it for graduation or certification system. obtain a similar qualification from one of the member organizations of the International Federation of Accountants (IFAC) pool.

Vitezslav Horak
Weber Shandwick, Account Director

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Morálka podnikatelů se výrazně nezlepšuje, i nadále přikrášlují své finanční výsledky

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