Circular Economy from the Perspective of Accounting Data During the Pandemic Period

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Circular Economy from the Perspective of Accounting Data During the Pandemic Period

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Circular Economy from the Perspective of Accounting Data During the Pandemic Period

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název statě ve sborníku

Hradec Economic Days, proceedings of the international scientific conference Hradec Economic Days 2024

ISBN

—

ISSN

2464-6059

e-ISSN

2464-6067

Počet stran výsledku

10

Strana od-do

484-493

Název nakladatele

Univerzita Hradec Králové, Fakulta informatiky a managementu

Místo vydání

Hradec Králové

Místo konání akce

Hradec Králové

Datum konání akce

11. 4. 2024

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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