Work

The Impact of Accounting Estimates on Financial Position and Business Performance – Case of Non-Current Intangible and Tangible Assets

Year: 2016

Type: article

Abstract: Financial statements represent a great source of information for company's financial position and business performance evaluation. Management judgment depends on the information base which is given at the time of judgement. Each judgement is by its nature subjective, so the results of the estimation can differ. Non-current tangible and intangible assets represent a significant proportion of assets of many companies. There is a plenty of space for applying accounting estimates in order to recognise and measure such assets. The research model confirmed the volatility of financial condition and performance of a company as a result of different accounting estimates.

Source: Procedia Economics and Finance

DOI: 10.1016/s2212-5671(16)30341-0

Authors: Ivana Mamic Sacer, Sanja Sever Malis, Ivana Pavic

Institutions: University of Zagreb, Ekonomski fakultet - Zagreb

Language: English

Topic: Accounting Theory and Financial Reporting

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

Funder: Sveučilište u Zagrebu

OpenAlex ID: W2489857579

FWCI: 6.096

Cites: 5

Cited by: 25

Related to: 10