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  • 1.
    Allert, Jonas
    et al.
    University of Skövde, School of Technology and Society.
    Berg, Anna
    University of Skövde, School of Technology and Society.
    Tillgodoses bankernas informationsbehov genom redovisningsinformation upprättad enligt K2 i kreditbedömningen?2012Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Background and problems: It has been an issue for small- and medium sized companies, as accounting standards that they set up their accounts after having been unnecessarily complicated in compared to the needs of the users of its financial statements. Sweden’s efforts to simplify these accounting standards has among other things, been characterized by easing the work for small- and medium size companies. These efforts were called K-projektet, whose purpose partly has been to meet the needs of users of financial statements. K2 is the simplified rule package aimed at smaller companies. Banks are one of the primary users of small companies’ financial statements. K2 is characterized by simplifications, standardization and less reporting obligation. Since banks are demanding a lot of information at a credit decision of a company to make an informed decision, the questions where as follow To what extant do banks use companies accounting information in credit decision? How do financial statements prepared in K2 framework meet the needs of regarded information in credit decisions?Purpose: We examine how the information needs of banks´ are met at credit decisions based on financial statements prepared in the K2 framework. The study aims to increase the understanding and perception of what banks´ demand in the financial information provided by the entities.Method: In the purpose of this study, we wanted to increase the understanding and perception of the chosen topic. A qualitative method aims to do just that, to obtain a deeper understanding of banks´ information demand for credit. A case study includes a complexity of the investigated object, which our study is characterized by because there are relatively few companies that currently apply the K2 in the preparation of accounting information, hence a case study was chosen. The choice to interview the banks was based on that they are the primary users of financial statements in accordance to the K2-regulation.Conclusion: In credit evaluation, accounting is the primary source of information for banks´. Accounting is never a sufficient basis for credit decision for the bank. They have to obtain further information to make an justified decision. The banks´ own assessment of the company as a whole, are based on both hard and soft information which means that regardless of the regulations a company is incorporated by, the banks own internal assessment if a company will be able to repay the credit they will be granted. The most important quality for the bank is that the financial statements are reflecting the fair value, but since K2 is characterized by simplifications, standard solutions and limited choices it creates fewer opportunities for it.Suggestions for further research: An interesting framework to conduct a similar study on, is the K3-framework, since smaller entities may be able to also establish its own financial statements for these regulations. Today is it voluntary to apply K2 this means that few today have chosen to apply the rules. Establishing a new survey when regulations become mandatory for small companies would be a way to highlight the banks´ direct perception of the rules.

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