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دانلود رایکان مقاله انگلیسی ISI با موضوع تاثیر برآوردهای مالی بر موقعیت مالی و عملکرد تجاری

عنوان فارسی مقاله:

تاثیر برآوردهای مالی بر موقعیت مالی و عملکرد تجاری – مورد دارایی ‌های نامشهود و مشهود غیرجاری

عنوان انگلیسی مقاله:

The Impact Of Accounting Estimates On Financial Position And Business Performance – Case Of Non-Current Intangible And Tangible Assets

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4. Conclusion

Financial statements portray entity’s financial condition and business performance. To disclose that the financial statements of an entity are in conformity with financial reporting standards requires from management to make estimates and assumptions that affect the amounts reported in these statements and accompanying notes. Since each judgement is by its nature subjective, the results of the estimation can differ. Therefore, management should use all available and sufficient information when making accounting estimates. Persons in estimation processes should also react ethically and avoid any conflicts of interest. To confirm its objectivity in making estimates management should be able to approve the process of making estimates. It means, it will consider the critical areas of accounting estimates, discuss those estimates and its impact as well as document these processes. With regard to these tasks, management should review entity’s critical accounting policies and related disclosures with the Audit Committee. The research was based on the testing the designed balance sheet with the significant portion of non-current intangible and tangible assets and the appropriate income statement. The selected variables (typical financial ratios) for the evaluation of financial position and business performance of a company have shown, for all conducted models, that financial position and business performance could materially depend on the made estimates. The research model confirmed the volatility of financial condition and performance of an entity as a result of different accounting estimates in cases where intangible and tangible assets represent significant part of the entities’ assets. However, to minimise this problem, entities should disclose critical accounting estimates in the notes to the financial statements which will serve as the information base for all the interested users. Where the proportion of assets, for which the estimation is made, is not material, the volatility of financial condition and performance would not be significant. After all, sometimes, despite the proportion of assets, accounting estimates will still have a significant impact on financial statements.