Buhalterinės apskaitos teorija ir praktika http://www.journals.vu.lt/BATP <p>Founded in 2007 and dedicated to publishing articles on accounting, audit, and analysis.</p> en-US <p>Please read the Copyright Notice in&nbsp;<a href="http://www.journals.vu.lt/BATP/journalpolicy">Journal Policy</a>.&nbsp;</p> rasa.subaciene@evaf.vu.lt (Rasa Subačienė) vigintas.stancelis@kf.vu.lt (Vigintas Stancelis) Wed, 09 Oct 2019 14:25:31 +0300 OJS 3.1.1.2 http://blogs.law.harvard.edu/tech/rss 60 Audit of Financial Reporting Documents: Analysis of Process of Determining Materiality http://www.journals.vu.lt/BATP/article/view/14571 <p>During audit of the financial statements of companies, the auditors use a certain level of materiality to determine both the scope of the procedures and the impact of errors on the representation of the true and fair view of the financial statements. International auditing standards leave wide range of possibilities for interpretation of the materiality process, which often raises the question of how the auditor determines materiality. The purpose of the study is to analyze the materiality process and to create a model of the materiality determination process. Methods of information gathering, comparative analysis, critical evaluation, systematization and interpretation of scientific literature and normative acts of audit are used in this article. After analyzing the materiality determination process, it was found that the materiality process consists of four steps: assessment of determining factors of materiality thresholds, determination of planning materiality, determination of performance materiality and determination of clearly trivial misstatement. Based on the analyzed literature, a model of materiality determination process was developed.</p> Gerda Jurkonienė, Justina Stašaitytė ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/14571 Wed, 09 Oct 2019 00:00:00 +0300 Relevant and useful monography on VAT http://www.journals.vu.lt/BATP/article/view/12973 Jonas Mackevičius ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12973 Mon, 01 Jul 2019 00:00:00 +0300 Use of the Statistical Comparison Method in a Company's Financial Status Analysis http://www.journals.vu.lt/BATP/article/view/12974 <p>General economic<span lang="en-US">, mathematical and heuristic study methods were used when analyzing the financial status of companies. In practice, the comparison method is the most widely applied one of all the general economic research methods.</span>&nbsp;<span lang="en-US">When it is applied, the</span>&nbsp;<span lang="en-US">actual indicators (absolute and relative) are compared to the ones planned inside the company; the indicators of the company are compared with the average ones of the industry or the best ones of other companies;</span>&nbsp;<span lang="en-US">indicators of different periods are compared.</span>&nbsp;<span lang="en-US">However, until now, the comparison method has barely been applied in practice using the averages of certain indicators and especially the multidimensional ones. The aim of the article is to develop a methodology for applying the statistical comparison method based on the calculation and evaluation of the multidimensional average. For achievement of the aim were used research methods: analysis of scientific literature, information collection, aggregation, detailing and summarizing. The article analyzes the significance, advantages and disadvantages of the traditional comparison method.</span>&nbsp;<span lang="en-US">The methodology for the comparison method based on the calculation of the multidimensional average and their comparison is proposed in the article. A concrete example of how to apply the comparison method using the multidimensional average calculation method to assess the financial position of companies is provided.</span></p> Jonas Mackevičius, Daiva Tamulevičienė, Romualdas Valkauskas ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12974 Mon, 01 Jul 2019 00:00:00 +0300 The Influence of Creative Accounting to the Formation of the Accounting Policy and Accounting’s Results http://www.journals.vu.lt/BATP/article/view/12912 <p>The accounting's policy choice and creating is influenced by accounting theory, impact factors, each company's objectives, and this makes company unique. Legislation for businesses in creating accounting policies allow to choose the following accounting methods and techniques that are most revealing aspects of the activities of the enterprise. In cases where the situation is not exactly to regulate the law is left to creativity. There is a need to apply creative accounting, which is identified as a factor influencing the choice of accounting policy. Taking into account the environmental factors of the company, creative accounting is applying in different accounting areas and in different volumes, while the accounting policy structure is forming. The main source of information about the company's financial position and the results are financial statements. On financial statements basis, information users make decisions. In order to influence information users decision's, company starts to manipulate financial data. In order to influence consumer decisions, creative accounting is used to manipulate financial data, which results in higher or lower company profits and distorts other financial information. On misleading data basis made financial statements not reflect a true and fair view of the company. The size of the distortion of information's, investigations are not carried out In Lithuania. The purpose of the study is analysis of the relationship of creative accounting and accounting policy and determinate the creative accounting impact to the formation of the accounting policy and accounting's results. Methods of analysis, data systematization, comparative, grouping and modeling were used during the research.</p> <p><strong>JEL classification: </strong>M41</p> Diana Bachtijeva ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12912 Wed, 12 Jun 2019 00:00:00 +0300 Cryptocurrency: Advantages and Disadvantages http://www.journals.vu.lt/BATP/article/view/12762 <p>[full article and abstract in Lithuanian; abstract in English]</p> <p>The main feature of the twenty-first century could be named as permanent transformation that covers all areas. Payments and money are developing and changing especially fast. Technological evolution and development have led to the emergence of new transactional techniques on the Internet, mobile phones, and credit cards. Various systems of payment / money transfer have considerably expanded payment options and possibilities. And such conditions have created opportunities for the emergence of a cryptocurrency. The purpose of the study is to investigate the cryptocurrency, its concept, advantages and disadvantages. Analysis of the scientific literature, systematization, comparison, interpretation and generalization of information research methods were used for the study. Evaluation of the reasons for the emergence of cryptocurrency let to generalise, that the process was mostly influenced by technological progress and the aspiration to find faster, cheaper and more confidential settlement tools. Cryptocurrency may be defined as digital money or property in electronical form. This currency may be characterized by properties of decentralization, uncontrollability and higher risk management. The most important advantages of using a cryptocurrency may be: the speed of settlements; cheaper financial services; additional investment opportunities. Disadvantages - unpredictable, fluctuating value; possible fraud cases; possibility to use cryptocurrency for illegal activities.</p> Augustas Subačius, Rasa Subačienė ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12762 Tue, 14 May 2019 00:00:00 +0300 Dividend Policy Trend: A Comprehensive Study on the Listed Industrial Sector of Bangladesh http://www.journals.vu.lt/BATP/article/view/12840 <p>The financial decision is rotated around the dividend decision. The objective is to identify the dividend pattern and the management’ views of dividend policy for revealing the present scenario of dividend practices in the capital market of Bangladesh. The parametric test, non-parametric test and percentile are used for inferring the result. In the manufacturing sector, the miscellaneous sector provides the highest payout. The DPS, EPS, MPS of the large size firm is better than small and medium size firms. The payout of the older firms is more than the newly listed firms. The highest payouts are in medium leveraged firm, low risk’s firm, medium PE ratio’s firm. The survey results reveal that the both shareholders and companies prefer the cash dividend most because of majority shareholders’ expectation. The most of the companies pay cash dividend with stable payout. The majority companies follow increasing trend in dividend payment but there is no satisfactory research to justify the investors’ preference. The capital market related stakeholders should follow these findings.</p> Mohammad Shahidul Islam, Adnan Atm ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12840 Tue, 14 May 2019 00:00:00 +0300 Bankruptcy Prediction Models for the Banking Sector of Europe http://www.journals.vu.lt/BATP/article/view/12841 <p><span lang="en-US">The global financial crisis has hit the global business and society hard and has caused a mistrust in the monitoring and control of the banking sector a decade ago. The distrust encouraged supervisory authorities to reinforce the bankruptcy preventive measures, that are being developed to prevent or mitigate the negative effects of the new crisis. The development and permanent application of reliable bankruptcy prediction models are the part of such preventive measures. The aim of the study was to create a universal straightforward bankruptcy prediction model for the European banking sector, based on the analysis of financial ratios.&nbsp;</span><span lang="en">The study examines the scholarly literature and deploys the theoretical methods of comparative analysis, critical evaluation, systematisation, generalisation. The empirical research involves expert assessment method,&nbsp;</span><span lang="en-US">analysis of financial statements, data collection, structuring and modification, modelling: binary logistic regression, correlation, graphical representation of data, ROC curve.&nbsp;</span><span lang="en-US">Research and results: based on selected 24 variables (ratios), five binary logistic regression models were created. The accuracy was tested on the ROC curve, together with the comparison of II type errors, which were made while predicting bank’s failure 1 year and 2 years before the distress. Main findings were: when models where validated and their II type errors were compared, the conclusion was made that model Z5 is the most suitable for predicting bankruptcy for the European banking sector. The accuracy to identify failing banks 1 year before the distress was 78.57%.</span></p> <p><span lang="en-US"><strong>JEL:</strong>&nbsp;F 37, G2, G3</span></p> Goda Kazakevičiūtė, Ramunė Budrionytė ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12841 Tue, 14 May 2019 00:00:00 +0300 Trends of Forming the Accounting and Analytical Management System in the Digital Economy http://www.journals.vu.lt/BATP/article/view/12913 <p>Recent trends of overall digitalisation challenges to find new approaches and improvement of information formation systems in different spheres. The trends also make impact on the tendency to develop common stereotypes of methods, accounting procedures, reporting forms, etc. which may be called identification. The identification of accounting systems in its essence - is the solution to the problem of harmonization of accounting at the international level. However, it is impossible to achieve complete identification. Everything that is done in this direction at the national level by accounting systems (standardization of reporting, convergence of national rules with international ones, convergence of evaluation and control systems, etc.) indicates a progressive trend in the processes of identification and harmonization of accounting systems. The purpose of the research is to evaluate the trends of forming the accounting and analytical management system in the digital economy. The research methods are comparison, systematisation and summarisation of information.<strong>&nbsp;</strong>Thus the main components of the accounting organization have been defined, among them: the technique of organizing and conducting accounting; methodological support of accounting and internal control. There is a need for generalization of modern achievements for the construction of the AAMS, the development of the company's development strategy in the light of work peculiarities in the digital economy. Authors identified, that there is a modification of the existing and emergence of modern requirements and tasks for the organization of accounting due to a focus on new users, transformation of motives and requests of all interested in the accounting information participants of international economic relations. Moreover, further improvement of the AAMS organization will enable to increase efficiency and raise productivity of economic activity.</p> <p><strong>JEL code:</strong>&nbsp;M40</p> Serhii Hushko, Volodymyr Kulishov, Yaroslav Izmaylov, Rasa Subačienė ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12913 Tue, 14 May 2019 00:00:00 +0300 Qualitative Factors of the Materiality http://www.journals.vu.lt/BATP/article/view/12914 <p>In the audit evidence gathering process, the auditor uses a set of assumptions about audit risk factors and determines the level of material error and misstatement. In practice, questions arise as to how the auditor should avoid making mistakes in shaping its approach to the information that is relevant to users of financial statements. The aim of the study is to reveal the basic regulation of qualitative materiality factors. Tasks of the research are to analyze the regulatory provisions of international auditing standards, to identify issues regarding the assessment of qualitative factors of materiality and its influence on decision making process of the auditors. Methods of literature analysis, systematization, abstracting and grouping analysis are used in the article. The analysis of scientific and professional literature has shown that qualitative parameters of significance are not precisely defined in the regulatory provisions, therefore, the auditors are left with a wide range of qualitative materiality factors. These factors can fundamentally change the auditor's decision-making process choosing relevant audit procedures. The auditor must evaluate the qualitative data and information comprehensively and be able to identify qualitative factors of materiality.</p> <p><strong>JEL klasifikacija:</strong>&nbsp;M42</p> Daiva Raziūnienė, Gintarė Verbickaitė ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12914 Tue, 14 May 2019 00:00:00 +0300 2007, No.1, Table of Contents http://www.journals.vu.lt/BATP/article/view/12618 <p>Redkolegijos žodis, 7</p> <p><strong>Buhalterinės apskaitos raida</strong></p> <p><em>Romualdas Bartaška</em><strong><em>, </em></strong>Vidaus audito sistema Lietuvoje: raida, &nbsp;funkcionavimas ir perspektyvos, 9</p> <p><em>Jonas Mackevičius</em><strong><em>, </em></strong>Buhalterinės apskaitos reglamentavimas per pirmąjį Lietuvos nepriklausomybės paskelbimo (1918 – 1928 m.) ir atkūrimo (1990 – 2000 m.) dešimtmetį<strong>, </strong>15</p> <p><em>Romualdas Valkauskas</em><strong><em>, </em></strong>Nacionalinė sąskaityba. Sąnaudų – išeigos metodas: istorinė raida<strong>, </strong>19</p> <p><strong>Buhalterinės apskaitos teorija ir praktika</strong></p> <p><em>Borisas Jefimovas</em><strong><em>, </em></strong>Metodologiniai apskaitos pokyčių aspektai<strong>, </strong>23</p> <p><em>Rasa Kanapickienė, Kristina Rudžionienė, </em>Finansinės apskaitos reglamentavimo pokyčiai, 26</p> <p><em>Laimutė Kazlauskienė</em><strong><em>, </em></strong>1-ojo verslo apskaitos standarto „Finansinė atskaitomybė“ ir Tarptautinių apskaitos standartų finansinių ataskaitų sudarymo ir pateikimo pagrindų lyginamoji analizė<strong>, </strong>33</p> <p><em>Renata Legenzova </em><strong><em>, </em></strong>Lietuvos buhalterinės apskaitos reglamentavimo pokyčių vertinimas ES apskaitos harmonizacijos procesų kontekste<strong>, </strong>38</p> <p><em>Kristina Rudžionienė, Rasa Kanapickienė</em><strong><em>, </em></strong>Požiūrių į apskaitos teoriją tyrimas Lietuvos mokslininkų darbuose<strong>, </strong>42</p> <p><em>Rasa Subačienė</em><strong><em>, </em></strong>Ilgalaikio materialiojo turto finansinės ir mokestinės apskaitos skirtumai<strong>, </strong>48</p> <p><em>Kostas Valužis</em><strong><em>, </em></strong>Veiklos rezultatų ataskaitų sudarymo ypatumai skirtingų veiklos sričių įstaigose bei įmonėse<strong>, </strong>52</p> <p><strong>Buhalterinės apskaitos specialistų rengimas</strong></p> <p><em>Danutė Binkienė</em><strong><em>, </em></strong>Buhalterinės apskaitos studijų programos įgyvendinimas Kauno kolegijoje: patirtis ir tobulinimo galimybės<strong>, </strong>56</p> <p><em>Irena Černiauskienė, Lina Striaukaitė</em><strong><em>, </em></strong>Žemaitijos kolegijos buhalterinės apskaitos specialybės studentų profesijos pasirinkimo motyvacija<strong>, </strong>61</p> <p><em>Nijolė Gedvilienė, Aušra Gabrevičienė, Virginija Giliuvienė</em><strong><em>, </em></strong>Studentų motyvacija pasirenkant buhalterio specialybę Marijampolės kolegijoje<strong>, </strong>67</p> <p><em>Emilė Grigalevičienė, Marytė Zenkevičienė</em><strong><em>, </em></strong>Vidurinės mokyklos matematikos žinių įtaka buhalterinės apskaitos programos studijoms kolegijoje<strong>, </strong>74</p> <p><em>Vida Holšanskienė</em><strong><em>, </em></strong>Buhalterinės apskaitos specialistų mokymo turinio pokyčiai laiko kontekste<strong>, </strong>80</p> <p><em>Birutė Petrošienė, Danguolė Šidlauskienė</em><strong><em>, </em></strong>Studentų savarankiškas darbas – jo dalykinių gebėjimų atspindys<strong>, </strong>84</p> <p><em>Asta Pikelienė</em><strong><em>, </em></strong>Buhalterinės apskaitos studijų organizavimo kokybės tyrimas Vilniaus kolegijoje<strong>, </strong>89</p> <p><em>Arūna Plytnikienė</em><strong><em>, </em></strong>Buhalterinės apskaitos specialistų rengimo raida Alytaus rajone, 97</p> <p><em>Alma Skujienė</em><strong><em>, </em></strong>Buhalterinės apskaitos studijų programos tobulinimas siekiant tenkinti darbo rinkos poreikius, 103</p> Žurnalo Archyvas ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.journals.vu.lt/BATP/article/view/12618 Tue, 26 Mar 2019 00:00:00 +0200