The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Transactions ID Number: 17-219
Full Name: Jiri Strouhal
Position: Senior Lecturer
Age: ON
Sex: Male
Address: University of Economics Prague, W. Churchill Square 4, 130 67 Prague 3
Country: CZECH REPUBLIC
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E-mail address: strouhal@vse.cz
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Title of the Paper: Tendencies Towards Prudence Principle Application in Czech Accounting Entities
Authors as they appear in the Paper: Marie Paseková, Jiøí Strouhal, Libuše Müllerová
Email addresses of all the authors: pasekova@fame.utb.cz, strouhal@vse.cz, muller@vse.cz
Number of paper pages: 8
Abstract: The paper deals with the creating of provisions, impairment and depreciation of fixed assets in SMEs from the auditor's perspective. Prudence principle belongs to traditionally generally accepted accounting principles and is closely linked with another accounting principle - going concern in the foreseeable future. Both of these accounting principles, based on which accounting systems are built, have one common denominator; it is measurement as one of the basic methodological elements of accounting. The fundamental problem in the use of the above instruments of prudence principle in SMEs is a strong dependency of accounting of the companies on tax incidences.
Keywords: Prudence principle, small and medium sized enterprises (SMEs), measurement, impairment, provisions, depreciation auditors' insight, Czech Republic
EXTENSION of the file: .pdf
Special (Invited) Session: Auditor's Insight on Prudence Principle Application in Czech SMEs
Organizer of the Session: 658-345
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