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Approaches to Revenue Definition and Recognition and Their Implications for Profit and Loss Measurement
[Pojetí a uznání "revenue" v rámci modelu hospodářského výsledku - přístupy a aplikace]

Author

Listed:
  • Jaroslav Wagner
  • Petr Petera

Abstract

The paper concerns models of profit and loss measurement in accordance with various approaches to revenue definition and recognition. First part defines different models as a result of a theoretical experiment, regardless postulates and axioms applied in any economic disciplines. It aims to show - without any prepossessions - diversity of concepts that can be used for profit measurement. Second part deals with selected application problems of general models of revenues.

Suggested Citation

  • Jaroslav Wagner & Petr Petera, 2014. "Approaches to Revenue Definition and Recognition and Their Implications for Profit and Loss Measurement [Pojetí a uznání "revenue" v rámci modelu hospodářského výsledku - přístupy a aplik," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2014(3), pages 20-33.
    • Handle: RePEc:prg:jnlcfu:v:2014:y:2014:i:3:id:406:p:20-33
    DOI: 10.18267/j.cfuc.406
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    References listed on IDEAS

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    1. Dechow, Patricia M., 1994. "Accounting earnings and cash flows as measures of firm performance : The role of accounting accruals," Journal of Accounting and Economics, Elsevier, vol. 18(1), pages 3-42, July.
    2. David Procházka, 2011. "Proposals of a New Standard for Revenue Recognition: Open Issues [Otevřené otázky novelizace účetních standardů pro vykazování výnosů]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2011(4), pages 43-51.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Revenues; Revenue recognition; Profit measurement; Profit sharing; Výnosy; Rozpoznání výnosů; Měření zisku; Sdílení zisku;
    All these keywords.

    JEL classification:

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

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