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Conservative Accounting of Receivables
[Zásada opatrnosti v případě pohledávek]

Author

Listed:
  • Hana Březinová
  • Pavel Štohl

Abstract

Receivables are company's assets that can cause substantial problems, especially when these assets are rising. Therefore it is necessary to look after receivables continually and to apply the principle of conservative accounting. Unlike US GAAP, adjustments are used in the Czech Republic. As an inspiration for setting the level of adjustments the factor of bad debts can be used. At setting the level of adjustments, limitation of the receivable is taken into account. Adjustments not only influence the bottom line, they also are a very important fiscal policy tool. Correct application of tax regulations can radically influence the income tax level of a particular subject.

Suggested Citation

  • Hana Březinová & Pavel Štohl, 2011. "Conservative Accounting of Receivables [Zásada opatrnosti v případě pohledávek]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2011(3), pages 119-124.
    • Handle: RePEc:prg:jnlcfu:v:2011:y:2011:i:3:id:127:p:119-124
    DOI: 10.18267/j.cfuc.127
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    More about this item

    Keywords

    Receivables; Adjustments; Conservative Accounting; Pohledávky; Opravné položky; Zásada opatrnosti;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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