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Basic differences in the definition of fixed assets between Czech accounting standards and International public sector accounting standards
[Základní odlišnosti ve vymezení dlouhodobých aktiv z pohledu české účetní legislativy a Mezinárodních účetních standardů pro veřejný sektor]

Author

Listed:
  • Lukáš Poutník

Abstract

The paper deals with the basic differences in the definition of fixed assets in Czech accounting legislation and International public sector accounting standards. Since 2009, the Czech accounting reform of the public sector has been in progress with the aim of establishing transparent accounting rules built on an accrual basis. At the same time International public sector accounting standards have already provided such rules in the international environment. The aim of this paper is to identify and subsequently compare the basic methodological elements that distinguish those different concepts.

Suggested Citation

  • Lukáš Poutník, 2018. "Basic differences in the definition of fixed assets between Czech accounting standards and International public sector accounting standards [Základní odlišnosti ve vymezení dlouhodobých aktiv z poh," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2018(2), pages 5-23.
    • Handle: RePEc:prg:jnlcfu:v:2018:y:2018:i:2:id:510:p:5-23
    DOI: 10.18267/j.cfuc.510
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    References listed on IDEAS

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    1. Michal Svoboda, 2016. "Modernisation of Public Sector Financial Reporting Systems in Europe - Challenges and Milestones," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2016(4), pages 5-16.
    2. Eugeniu Ţurlea & Aurelia Ştefănescu & Florina Nicolae, 2011. "Interferences And Limits Of The Accounting Policies Specific To Fixed Tangible Assets Into The Public Sector Entities In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-16.
    3. Andreea CIRSTEA & Stefan Dragos CIRSTEA, 2015. "A Brief Analysis Of Public Sector Consolidated Financial Statements Researches," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 93-99, December.
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      More about this item

      Keywords

      Public sector accounting; Accrual basis; Fixed assets; Czech accounting standards; International accounting standards for the public sector; Účetnictví veřejného sektoru; Akruální báze; Dlouhodobá aktiva; Česká účetní legislativa; Mezinárodní účetní standardy pro veřejný sektor;
      All these keywords.

      JEL classification:

      • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
      • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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