Changes in unrealized production accounting in the Czech Republic and their consequences

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F17%3A00010943" target="_blank" >RIV/47813059:19520/17:00010943 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Changes in unrealized production accounting in the Czech Republic and their consequences

Popis výsledku v původním jazyce

The entry of the Czech Republic into the European Union resulted in many changes of law rules and regulations. These changes also affected a legislative amendment of the Accounting. The process of accounting reform is very closely related to the provision of reliable, comparable and comprehensible accounting information. The application of international accounting standards to national legislation and the creation of national accounting standards has become the basic trend in accounting. Changes were made by amendments to the Act on Accounting, which were followed by the issue of implementing regulations to the Act on Accounting and the Czech Accounting Standards in the past. Other changes to accounting legislation occurred in 2016, where the major changes included the valuation adjustment of inventory created by its own activities, making entries of transactions be connected with changes in inventories and their reporting. The aim of the paper is to evaluate the effect of changes in a ccounting of the unrealized production on the performance of companies in the manufacturing sector. Using the comparison of past and present methods of accounting for unrealized production will be an evaluation of observed changes and their impact on the profit and loss account and the selected financial indicators.

Název v anglickém jazyce

Changes in unrealized production accounting in the Czech Republic and their consequences

Popis výsledku anglicky

The entry of the Czech Republic into the European Union resulted in many changes of law rules and regulations. These changes also affected a legislative amendment of the Accounting. The process of accounting reform is very closely related to the provision of reliable, comparable and comprehensible accounting information. The application of international accounting standards to national legislation and the creation of national accounting standards has become the basic trend in accounting. Changes were made by amendments to the Act on Accounting, which were followed by the issue of implementing regulations to the Act on Accounting and the Czech Accounting Standards in the past. Other changes to accounting legislation occurred in 2016, where the major changes included the valuation adjustment of inventory created by its own activities, making entries of transactions be connected with changes in inventories and their reporting. The aim of the paper is to evaluate the effect of changes in a ccounting of the unrealized production on the performance of companies in the manufacturing sector. Using the comparison of past and present methods of accounting for unrealized production will be an evaluation of observed changes and their impact on the profit and loss account and the selected financial indicators.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

AIESA - BUILDING OF SOCIETY BASED ON KNOWLEDGE

ISBN

978-80-972866-1-3

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

74-84

Název nakladatele

Letra Edu

Místo vydání

Bratislava

Místo konání akce

Bratislava

Datum konání akce

9. 11. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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