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KONSERVATYVUMO PRINCIPAS APSKAITOS KOKYBĖS KONTEKSTE. (Lithuanian)

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  • Additional Information
    • Alternate Title:
      CONSERVATISM PRINCIPLE IN THE CONTEXT OF ACCOUNTING QUALITY. (English)
    • Abstract:
      Recently, there have been numerous debates concerning the quality of accounting. Yet, the conception of it is still not defined and it is not clear what features the information processed in accounting should have in order to be considered as qualitative. Enterprise's financial liability law requires that companies have to follow the basic principles of accounting, one of them is the conservatism principle which states that from possible accounting methods it is important to choose the ones that do not allow increasing or decreasing gratuitously capital assets, liability, income and expenditure value of an enterprise. This means that in practice excessive conservatism is unacceptable when there is an aim to present lower rates as it can mislead the interested in accounting information parties. Hence, the purpose of the research is to disclosure the links between conservatism and accounting quality after the conservatism principle, information, accounting and financial disclosures quality conception analysis. Research methods: the analysis of scientific literature, the grouping of information, the methods of structuring, comparing and summarizing. Having analysed the main features and criteria of conservatism, the conception of it is specified stating that conservatism is an accounting policy which, in uncertainty context, requires choosing such accounting methods that give better verification for good news than bad ones. The quality of information can be estimated according to its categories or accentuating efficiency components. The conception of accounting quality is ambiguous. It is often identified as a quality of financial disclosures. The quality of financial disclosures is a part of accounting quality, so the authors state that accounting quality is characterised by financial disclosures; however, accounting quality is a much broader conception. Despite the fact that the researches of foreign authors disclose the fact that conservatism is the main accounting peculiarity that improves the quality of given information, the opinion of conservatism practice is still suggestive. The authors of this research agree that accounting quality is influenced not only by conservatism but also by fair measures of the true value of capital assets. Thus, as accounting quality, the true value of capital assets and the conservatism principle are closely related and influence each other, the authors are of the opinion that they should be harmonized. [ABSTRACT FROM AUTHOR]
    • Abstract:
      Straipsnyje analizuojama tradicinėmis finansinės apskaitos konvencijomis traktuojama konservatyvumo samprata. Taip pat nagrinėjamos informacijos, apskaitos bei finansinių ataskaitų kokybės reikšmės, jų požymiai ir savybės, atsižvelgiant į tai, jog literatūroje šios sąvokos neretai persipina. Remiantis atliktos kokybinės duomenų analizės rezultatais, nustatomas nagrinėjamų konservatyvumo principo ir apskaitos kokybės objektų ryšys, siekiant įvertinti, kaip konservatyvi apskaita nulemia apskaitos kokybę. Konservatyvumas yra esminė apskaitos ypatybė, kuri gerina atskleidžiamos informacijos kokybę. [ABSTRACT FROM AUTHOR]
    • Abstract:
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