Analysis of Accounting Standards for Income Reporting - New Approaches in the World and the Possibilities of Their Utilisation in the Czech Republic
Project goals
Income is the most scrutinised accounting information. It comprises all aspects of entity's business activity in the past period and it is a measure of the ability to utilise scarce economic resources in an effective way. In connection with convergence of two most important world accounting systems in the last decade, we can be witnesses to a rapid shift in accounting paradigm. Conventional prudence principle is losing its relevance in setting new accounting standards. This tendency can be especially seen in the sphere of the measurement and revenue recognition. The aim of running changes is to report accounting information which is in concord with the actual market development. Therefore, the accounting concept of income is approaching to the economicone. Czech accounting standards are under pressure of tax legislation so that accounting can not provide the users with appropriate information for high-quality decision making. The aim of project is to analyse the actual development both in the world and the Czech Republic and to recommend amendments to current Czech legislation.
Keywords
ZiskMezinárodní standardy účetního výkaznictví (IFRS)americké všeobecně uznávané účetní zásady (US
Public support
Provider
Czech Science Foundation
Programme
Post-graduate (doctorate) grants
Call for proposals
Postdoktorandské granty 9 (SGA02009GA1PD)
Main participants
—
Contest type
VS - Public tender
Contract ID
402/09/P523
Alternative language
Project name in Czech
Analýza účetních pravidel pro vykazování zisku - nové přístupy ve světě a možnosti jejich aplikace v České republice
Annotation in Czech
Cílem projektu je analýza teoretických i praktických přístupů k determinaci zisku za účetní období. Ve vazbě na probíhající zásadní posuny účetního výkaznictví ve světě je projekt směřován k formulaci doporučení změn české legislativy, aby bylo dosaženovětší transparentnosti účetních informací.
Scientific branches
Completed project evaluation
Provider evaluation
U - Uspěl podle zadání (s publikovanými či patentovanými výsledky atd.)
Project results evaluation
The project gone according to plan both in terms of expertise and in terms of disbursement of funds.
Solution timeline
Realization period - beginning
Jan 1, 2009
Realization period - end
Dec 31, 2011
Project status
U - Finished project
Latest support payment
Apr 16, 2011
Data delivery to CEP
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data delivery code
CEP12-GA0-GP-U/03:3
Data delivery date
May 2, 2016
Finance
Total approved costs
906 thou. CZK
Public financial support
906 thou. CZK
Other public sources
0 thou. CZK
Non public and foreign sources
0 thou. CZK
Recognised costs
906 CZK thou.
Public support
906 CZK thou.
0%
Provider
Czech Science Foundation
CEP
AH - Economics
Solution period
01. 01. 2009 - 31. 12. 2011