Circular Economy from the Perspective of Accounting Data During the Pandemic Period
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F24%3A43908537" target="_blank" >RIV/60076658:12510/24:43908537 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.36689/uhk/hed/2024-01-043" target="_blank" >http://dx.doi.org/10.36689/uhk/hed/2024-01-043</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.36689/uhk/hed/2024-01-043" target="_blank" >10.36689/uhk/hed/2024-01-043</a>
Alternative languages
Result language
angličtina
Original language name
Circular Economy from the Perspective of Accounting Data During the Pandemic Period
Original language description
Circular economics refers to a system where production systems are designed to be self-contained regarding resources, allowing for their reuse. The focus of this paper is to analyze accounting data, such as the assets, liabilities, costs revenues, and cash flow for the companies that have implemented elements of the circular economy. The analyzed accounting data were from the period before the pandemic and the period of the pandemic. Statistically significant differences were found in the indicators of long-term financial assets, capital funds, other operating revenues, residual cost of long-term assets and materials, and interest income. The analysis also indicates that companies, unable to fully engage in their business activities, invested more in long-term (financial) assets, which generated profit in the form of interest income, and had to resort to selling part of their long-term (tangible) assets and inventory. The identified statistically significant differences indicate that the pandemic period had a significant impact on the financial and operational activities of companies, which had to adapt to new conditions and strategically invest in long-term assets. These changes in indicators suggest the necessity of adapting and optimizing business strategies in response to emerging challenges.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50205 - Accounting
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Hradec Economic Days, proceedings of the international scientific conference Hradec Economic Days 2024
ISBN
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ISSN
2464-6059
e-ISSN
2464-6067
Number of pages
10
Pages from-to
484-493
Publisher name
Univerzita Hradec Králové, Fakulta informatiky a managementu
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Apr 11, 2024
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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