Accounting Theory and Practice <p>Founded in 2007 and dedicated to publishing articles on accounting, audit, and analysis.</p> lt-LT <p>Please read the Copyright Notice in&nbsp;<a href="">Journal Policy</a>.&nbsp;</p> (Rasa Subačienė) (Vigintas Stancelis) Tue, 14 May 2019 00:00:00 +0300 OJS 60 The Influence of Creative Accounting to the Formation of the Accounting Policy and Accounting’s Results <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## Wed, 12 Jun 2019 00:00:00 +0300 Cryptocurrency: Advantages and Disadvantages <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## Tue, 14 May 2019 00:00:00 +0300 Dividend Policy Trend: A Comprehensive Study on the Listed Industrial Sector of Bangladesh <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## Tue, 14 May 2019 00:00:00 +0300 Bankruptcy Prediction Models for the Banking Sector of Europe <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## Tue, 14 May 2019 00:00:00 +0300 Trends of Forming the Accounting and Analytical Management System in the Digital Economy <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## Tue, 14 May 2019 00:00:00 +0300 Qualitative Factors of the Materiality <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## Tue, 14 May 2019 00:00:00 +0300 2007, No.1, Table of Contents <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## Tue, 26 Mar 2019 00:00:00 +0200 2008, No.2, Table of Contents <p><strong>Buhalterinės apskaitos raida</strong></p> <p><em>Jonas Mackevičius, </em>Buhalterinės apskaitos reglamentavimas sovietinės okupacijos laikotarpiu Lietuvoje (1945 – 1965 metais), 7</p> <p><strong>Buhalterinės apskaitos teorija ir praktika</strong></p> <p><em>Agnė Lapinskaitė, Kristina Rudžionienė, </em>Poveikio gamtai atskleidimas Lietuvos įmonių atskaitomybėje, 18</p> <p><em>Vilma Vaitekūnaitė, &nbsp;Jurgita Vaitkevičiūtė, </em>Profesionalaus sporto klubų apskaitos tvarkymas, 28</p> <p><em>Rasa Subačienė</em><em>, </em><em>Romualdas Valkauskas</em><em>, </em>Ilgalaikio materialiojo turto remonto ir rekonstravimo išlaidų apskaita ir analizė, 38</p> <p><em>Raimondas Sidliarevičius, </em>Klaida ir apgaulė finansinėje atskaitomybėje, 50</p> <p><a href="#_Toc218607713"><em>Renata Steckienė</em></a><em>, </em>Vidaus kontrolės įmonėje samprata ir struktūra, 64</p> <p><em>Gailutė Gipienė</em><em>, </em><em>Rasa Kanapickienė</em><em>, </em><em>Raimonda Lepečkienė</em><strong>, </strong>Sąnaudų pripažinimo lyginamoji analizė: Lietuvos, &nbsp;Latvijos ir Švedijos pavyzdžiu, 77</p> <p><strong>Buhalterinės apskaitos organizavimas užsienio šalyse</strong></p> <p><em>Jūratė Vireliūnaitė, </em></p> <p><em>Monika Mandeikaitė</em><strong>, </strong>Buhalterinės apskaitos organizavimas Suomijoje, 87</p> <p><em>Rokas Visockas, </em>Buhalterinės apskaitos organizavimas Slovakijoje, 96</p> <p><strong>Recenzijos</strong></p> <p><em>Jonas Mackevičius, </em>Naujas apskaitos vadovėlis, 106</p> <p><em>Jonas Mackevičius, </em>Vertinga monografija apie apskaitos informacinę sistemą, 108</p> Žurnalo Archyvas ##submission.copyrightStatement## Tue, 26 Mar 2019 00:00:00 +0200 2008, No.3, Table of Contents <p>Jonas Mackevičius, The regulation of financial accounting in Lithuania during the Soviet occupation (1966–1989) , 7<br>Vita Daubarienė, Kristina Rudžionienė, The selection of evaluation methods representing true and fair view of a financial performance of a company, 18<br>Darius Gliaubicas, The research of management accounting methods in Lithuanian companies, 32<br>Romualdas Valkauskas, Economic fluctuations: indicators, statistical description, 52<br>Vladislav Tomaševič, The main principles of policy formation of working capital management, 61<br>Martynas Novikovas, Application of Berry ratio in transfer pricing, 74<br>Romualdas Bartaška, Liuda Gargasienė, External and internal audit of projects financed by EU funds, 81<br>Agnė Ramanauskaitė, Exposure of intellectual capital in financial report of a company, 94</p> Žurnalo Archyvas ##submission.copyrightStatement## Tue, 26 Mar 2019 00:00:00 +0200 Table of Contents ##submission.copyrightStatement## Mon, 01 Oct 2018 00:00:00 +0300