Impact of reporting of deferred tax on sustainable development of a counry: Case of Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63521101" target="_blank" >RIV/70883521:28120/18:63521101 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.9770/jssi.2018.7.4(13)" target="_blank" >http://dx.doi.org/10.9770/jssi.2018.7.4(13)</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.9770/jssi.2018.7.4(13)" target="_blank" >10.9770/jssi.2018.7.4(13)</a>

Result language

angličtina

Original language name

Impact of reporting of deferred tax on sustainable development of a counry: Case of Czech Republic

Original language description

Achievement of high quality of accounting information in financial statements requires thorough adherence to generally accepted accounting principles. In connection with deferred tax, this concerns especially the prudence principle and the going concern principle. The deferred tax also has an impact on fiscal sustainability in any given country. The aim of this contribution is to evaluate how information about deferred tax is reported by small and medium sized enterprises in Czech Republic and evaluate quality of such reporting. The research was conducted in the form of a questionnaire survey concerning recognition of deferred tax among accounting units which prepare their financial statements according to IFRS or according to Czech accounting standards. The entities that stated in the questionnaire that they recognize deferred tax were further analysed in more detail. The survey revealed that the standard does not take into consideration that small and medium-sized enterprises would not have to account for deferred tax. The research clearly showed the unwillingness of accounting entities to recognize deferred tax voluntarily. © 2018, General Jonas Zemaitis Military Academy of Lithuania.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50205 - Accounting

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Security and Sustainability Issues

ISSN

2029-7017

e-ISSN

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Volume of the periodical

7

Issue of the periodical within the volume

4

Country of publishing house

LT - LITHUANIA

Number of pages

20

Pages from-to

769-779

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85049511542