Work detail

Accounting income: Its determination and content in financial statements of Czech companies

Author: Bc. David Procházka
Year: 2006 - summer
Leaders: Ing. Irena Kemény
Work type: Bachelors
Language: Czech
Pages: 86
Awards and prizes:
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




Patria Finance
Česká Spořitelna