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Valuation and creative accounting

Author

Listed:
  • Maria Madalina VOINEA

    (Doctoral School of economics and Business Administration, "Alexandru Ioan Cuza" University of Iasi, Romania)

  • Anca-Simona HROMEI

    (Doctoral School of economics and Business Administration, "Alexandru Ioan Cuza" University of Iasi, Romania)

Abstract

This paper deals with the economic and financial valuation, that is the only type of valuation, based on a diagnosis and expertise, which has as objective to establish the market value of elements, whether goods or businesses, being a "orientation tool" for the economic operators on the market. There are specific means to measure value but there are also some mechanisms that can influence the value obtained, from the category of creative accounting. Creative accounting occurs due to human intervention and even the most advanced accounting systems are not able to do this due to the lack of reasoning. There must be also assumed that it is possible that these creative accounting techniques may be caused by a simple mistake and not necessarily with the intention of manipulating the financial results and reports. The aim of the paper is to see how specific element valuation can influence the general one, namely the value of a company.

Suggested Citation

  • Maria Madalina VOINEA & Anca-Simona HROMEI, 2014. "Valuation and creative accounting," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 197-208, May.
    • Handle: RePEc:cmj:journl:y:2014:i:5:voinea&hromei
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    Citations

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    Cited by:

    1. Damiano Montani & Francesco Perrini & Daniele Gervasio & Andrea Pulcini, 2017. "The Importance of “Contextualisation” in Small and Medium-Sized Firms Valuation: Evidences from an Italian Case Study," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(1), pages 1-70, December.

    More about this item

    Keywords

    Economic valuation; Company valuation methods; Creative accounting techniques;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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