Cash-Flow Reporting Between Potential Creative Accounting Techniques And Hedging Opportunities Case Study Romania
We have studied the cash flow reporting issues in Romania, trying to establish if there isan interest in using creative accounting techniques in order to manipulate cash flow reporting.Another issue of our research is focused on the possibility of using hedging opportunities by financialmanagers of Romanian companies, in order to at least partially protect future cash-flow from externalfluctuating factors.In order to achieve our goals, we have issued a questionnaire, submitted to authorize auditors fromRomania (208 audit companies and 267 individual auditors).Our study lead us to conclude that creative accounting techniques related to cash flow are only partlyknown and used by the Romanian companies. On the other hand, hedging techniques were found to bevery little known and used by Romanian managers. In this respect, the few instruments used are relatedto bank and insurance products like factoring, receivables insurance, financial instruments based oninterest and foreign exchange rates.
Volume (Year): 1 (2009)
Issue (Month): 11 ()
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