Accounting income: Its determination and content in financial statements of Czech companies
| Author: | Bc. David Procházka |
|---|---|
| Year: | 2006 - summer |
| Leaders: | Ing. Irena Kemény |
| Consultants: | |
| Work type: | Bachelors |
| Language: | Czech |
| Pages: | 86 |
| Awards and prizes: | |
| Link: | |
| Abstract: | The main aim of this paper is to delineate procedures and approaches to income determination in accounting. I outline capital maintenance approach and transaction approach as two major concepts of accounting income. By the capital maintenance approach, the income is earned only if the initial volume of capital remains intact. Using the second concept, we compute the income as a difference between two streams of economic values during an accounting period. One can get acquainted with basic approaches to income determination under American Generally accepted accounting principles (US GAAP), International financial reporting standards (IAS/IFRS), and Czech accounting standards (CAS), too. In the last part of the paper I present the results from the empirical study regarding the presentation of the financial performance of companies listed on Prague Stock Exchange. |
| Downloadable: | David Procházka |
