Accounting Processes within Farm Business Entity after Accounting Act Amendments

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F16%3A00000821" target="_blank" >RIV/75081431:_____/16:00000821 - isvavai.cz</a>

Result on the web

—

DOI - Digital Object Identifier

—

Result language

angličtina

Original language name

Accounting Processes within Farm Business Entity after Accounting Act Amendments

Original language description

This paper focuses on agriculture, namely on Czech accounting processes within a farm business entity, and draws the attention to some of the legal standards which govern accounting and reporting both domestically and in the European Union. The Czech accounting, governed by Act No. 563/1991 Coll., on Accounting, Decree no. 500/2002 Coll. and the Czech Accounting Standards, was amended by Act No. 221/2015 Coll. and Decree 250/2015 Coll. The authors compare accounting of selected accounting operations before and after 1st January 2016 when these significant changes occurred. Particularly in terms of accounting results, they involve deletion of account groups 61 Changes in product inventory and 62 Activation, whose recognitions were moved to 58 Change in inventory from own activity and activation. Similarly, accounting for extraordinary costs and extraordinary revenues was transferred to operating and financial costs and revenues respectively.

Czech name

—

Czech description

—

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

—

Project

—

Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2016

Confidentiality

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

Name of the periodical

Auspicia

ISSN

2464-7217

e-ISSN

—

Volume of the periodical

roč. XIII

Issue of the periodical within the volume

číslo 2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

10

Pages from-to

111-120

UT code for WoS article

—

EID of the result in the Scopus database

—