ACCOUNTING FOR OWN PRODUCTION-DEFINING THE NEGATIVES OF CURRENT CZECH METHODOLOGY

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F23%3A00002582" target="_blank" >RIV/75081431:_____/23:00002582 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.magnanimitas.cz/ADALTA/1301/papers/A_kabourkova.pdf" target="_blank" >https://www.magnanimitas.cz/ADALTA/1301/papers/A_kabourkova.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

ACCOUNTING FOR OWN PRODUCTION-DEFINING THE NEGATIVES OF CURRENT CZECH METHODOLOGY

Popis výsledku v původním jazyce

The paper deals with the analysis of the current methodology of manufacturing accounting in accordance with the Czech accounting standards. For the purposes of the paper, the method of process analysis is used. The paper defines the negatives of accounting procedures that have been used since 2016 and compares the current accounting procedures with the procedures used before 2016. It has been found that the current methodology according to the Czech accounting standards is in conflict with the Act No. 563/1991 Coll., on accounting. According to the former procedures, increase or decrease in manufacturing inventory were accounted for with the accounts in Class 6 - Revenue. Under the current rules, changes in manufacturing inventory are accounted for in the accounts in Class 5 - Costs. This significantly distorts the total value of costs and revenues. The financial statements prepared on the basis of such documents thus do not provide a true and fair view of the subject atter of the accounts, as required by Act No. 563/1991 Coll., on accounting. There is a conflict between the rules laid down by the Czech Accounting standards for manufacturing accounting and the requirements for financial statements under the Act No. 563/1991 Coll., on accounting.

Název v anglickém jazyce

ACCOUNTING FOR OWN PRODUCTION-DEFINING THE NEGATIVES OF CURRENT CZECH METHODOLOGY

Popis výsledku anglicky

The paper deals with the analysis of the current methodology of manufacturing accounting in accordance with the Czech accounting standards. For the purposes of the paper, the method of process analysis is used. The paper defines the negatives of accounting procedures that have been used since 2016 and compares the current accounting procedures with the procedures used before 2016. It has been found that the current methodology according to the Czech accounting standards is in conflict with the Act No. 563/1991 Coll., on accounting. According to the former procedures, increase or decrease in manufacturing inventory were accounted for with the accounts in Class 6 - Revenue. Under the current rules, changes in manufacturing inventory are accounted for in the accounts in Class 5 - Costs. This significantly distorts the total value of costs and revenues. The financial statements prepared on the basis of such documents thus do not provide a true and fair view of the subject atter of the accounts, as required by Act No. 563/1991 Coll., on accounting. There is a conflict between the rules laid down by the Czech Accounting standards for manufacturing accounting and the requirements for financial statements under the Act No. 563/1991 Coll., on accounting.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Ad Alta - Journal of Interdisciplinary Research

ISSN

1804-7890

e-ISSN

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Svazek periodika

13

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

5

Strana od-do

135-139

Kód UT WoS článku

001027245000023

EID výsledku v databázi Scopus

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