COMPARISON OF ACCOUNTING FOR PROVISIONS IN ACCORDANCE WITH THE CZECH LEGISLATION, GERMAN LEGISLATION AND IAS/IFRS

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F17%3A43932080" target="_blank" >RIV/49777513:23510/17:43932080 - 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

COMPARISON OF ACCOUNTING FOR PROVISIONS IN ACCORDANCE WITH THE CZECH LEGISLATION, GERMAN LEGISLATION AND IAS/IFRS

Popis výsledku v původním jazyce

Provisions represent the basic tool for the prudence concept application in the accounting systems. They are used to record future liabilities of uncertain timing and amount and to inform users about the risk of future cash outflows. First part of the article is focused on the description of legal framework of accounting of provisions according to the legislation of the Czech Republic and Germany as well as to compare acquired solutions with International Financial Reporting Standards IAS/IFRS that represent globally recognized and accepted accounting system which, in the context of global harmonization respectively convergence of accounting systems, gradually penetrates into the national accounting regulations. The aim of the article is to identify the differences in accounting of provisions in accordance with the legislation of the Czech Republic, Germany and IAS/IFRS and to determine the effect of these differences on the financial position and performance of businesses and further on true and fair view referred to in the financial statements for their internal or external users. All results will be presented in graphs and tables.

Název v anglickém jazyce

COMPARISON OF ACCOUNTING FOR PROVISIONS IN ACCORDANCE WITH THE CZECH LEGISLATION, GERMAN LEGISLATION AND IAS/IFRS

Popis výsledku anglicky

Provisions represent the basic tool for the prudence concept application in the accounting systems. They are used to record future liabilities of uncertain timing and amount and to inform users about the risk of future cash outflows. First part of the article is focused on the description of legal framework of accounting of provisions according to the legislation of the Czech Republic and Germany as well as to compare acquired solutions with International Financial Reporting Standards IAS/IFRS that represent globally recognized and accepted accounting system which, in the context of global harmonization respectively convergence of accounting systems, gradually penetrates into the national accounting regulations. The aim of the article is to identify the differences in accounting of provisions in accordance with the legislation of the Czech Republic, Germany and IAS/IFRS and to determine the effect of these differences on the financial position and performance of businesses and further on true and fair view referred to in the financial statements for their internal or external users. All results will be presented in graphs and tables.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Opportunities and Threats to Current Business Management in Cross-border Comparison 2017

ISBN

978-3-86367-051-1

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

10

Strana od-do

45-54

Název nakladatele

GUC - Verlag der Gesellschaft fur Unternehmensrechnung und Controlling m.b.H.

Místo vydání

Chemnitz

Místo konání akce

Pilsen

Datum konání akce

18. 5. 2017

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000426794300005