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Analysis of the Notes to the Financial Statement Related to Balance Sheet in Case of Hungarian Information-Technology Service Companies

Author

Listed:
  • Fenyves Veronika

    (Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Hungary)

  • Böcskei Elvira

    (Department of Finance, Faculty of Economic and Social Sciences, Budapest University of Technology and Economics, Hungary)

  • Bács Zoltán

    (Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Hungary)

  • Zéman Zoltán

    (Faculty of Economics and Social Sciences, Szent István University, Hungary)

  • Tarnóczi Tibor

    (Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Hungary)

Abstract

The main aim of the study to examine the extent to which the companies of a specific Hungarian sector fulfil their obligation to provide information in their notes to the financial statements as stipulated by the Accounting Act. Accordingly, it should be examined whether the notes to financial statements contains the required data regarding the balance sheets of companies investigated. For the analyses, it was used the notes to the financial statement of 8,226 companies with Hungarian headquarters, which are regulated by the Hungarian Accounting Act and which have information-technology services as the main business activity. It was investigated 95.78% of the financial reports containing the notes. The analysis was performed using text mining method, utilizing every available notes to the financial statement of the sector. Findings of the study reveal that the amount of published information shows greater and lesser differences and in many cases, the quantity of published data does not fulfil even the minimal obligations stipulated legally.

Suggested Citation

  • Fenyves Veronika & Böcskei Elvira & Bács Zoltán & Zéman Zoltán & Tarnóczi Tibor, 2019. "Analysis of the Notes to the Financial Statement Related to Balance Sheet in Case of Hungarian Information-Technology Service Companies," Scientific Annals of Economics and Business, Sciendo, vol. 66(1), pages 27-39, March.
    • Handle: RePEc:vrs:aicuec:v:66:y:2019:i:1:p:27-39:n:1
    DOI: 10.2478/saeb-2019-0001
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    More about this item

    Keywords

    notes to the financial statements; balance sheet related items; equity and liability related items; text mining;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General

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