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APPLICATION OF THE APPARATUS OF CREATIVE ACCOUNTING IN THE CONSTRUCTION INDUSTRY IN THE CONDITIONS OF THE SLOVAK REPUBLIC

Roman Blazek, Jakub Michulek
Published: 30 May 2022

Abstract: The aim of the paper is to clarify the use of the Beneish model to reveal creative accounting in companies. To bring its use closer to the general public and also to provide disinterested scientists with results and evaluations that are informative both for the scientific community and for people who are just beginning to take an interest in the topic. The aim of the research is to reveal the use of creative accounting, using apparatus for its detection, in the construction industry. A healthy business environment is very important for the state, as potential investors make decisions according to different rules, and it is only one of them that is ranked high in the evaluation of the state and its. Negative assumptions or hidden facts that may later become real shed a negative light on the landscape. We anticipate that the growing deterioration in economic stability will also affect the use of creative accounting in companies that, in an effort to maintain their economic position, also resort to instruments that violate the Accounting Code. The overall study was conducted on 117 companies, which were selected on the basis of various criteria. Based on the application of a tool for detecting creative accounting, specifically the Beneish model, we found that more than half of the companies surveyed decided to apply creative accounting in their accounting, which led e.g. to tax optimization.
Keywords: make decisions / creative accounting / optimization / CONSTRUCTION / surveyed / Beneish model

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