The use of aggressive accounting by managers and its consequences for creditors

• Authors: Fladrowska, Emilia , Pawłowska-Tyszko, Joanna

Abstracts

EN

The article presents a case study of a company in which the use of aggressive creative accounting led to a fraud on non-bank creditors amounting to about 26 million PLN and suppliers of raw materials to approximately 20 million PLN. The main factors that caused this situation were:1) performance of ownership and managerial functions by first-line relatives;2) excessive expansion of support services not contributing to company’s income creation;3) faulty accounting system not ensuring effective control;4) ineffective auditing of financial statements.

Keywords

EN

rachunkowość agresywna; branża rolnicza; aggressive accounting

• Publisher: Stowarzyszenie Księgowych w Polsce (SKwP), Zarząd Główny, Rada Naukowa
• Journal: Zeszyty Teoretyczne Rachunkowości
• Year: 2010
• Volume: 2010(58(114))
• Pages: 1-12

Contributors

author

Fladrowska, Emilia

author

Pawłowska-Tyszko, Joanna