ZMENY POSTUPOV UCTOVANIA PRE PODNIKATEL'OV S PODADOM NA VLASTNE IMANIE

The financial accounting in accordance with the valid methods and principles ensures the demonstrable and true information about the process and results of business activities. This article is presenting the analysis of Accounting Procedures for Businesses and their Amendments from 1. 1. 2004, the impact of analysed changes on the equity for the accounting period of 2004 and the influence of analysed changes on income tax base. The legal adjustment contains the definition of contents of long term intangible assets, new definition of contents and structure of deferred charges, creation and using the provision for reconstruction of long term tangible assets. The application of changes in accounting standards will influence the value of equity of an enterprise as it is disclosed in the Balance Sheet namely the changes will have an impact on the item "income from previous years". The changes in the approach to the accounting as mentioned above will deepen the accumulated losses and decrease or increase the retained earnings from previous years. The application of changes in Accounting Procedures for Businesses will have influence on the financial situation of entrepreneurs, value of equity, capital structure, indicators of indebtedness and determination of tax basis and tax liability in accordance with the Income Tax Law 595/2003 Coll.


Other Titles:
THE CHANGES IN ACCOUNTING PROCEDURES FOR BUSINESSES AND THEIR IMPACT ON EQUITY
Issue Date:
2005
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/267473
ISSN:
1336-9261
Language:
Slovak
Published in:
Acta Oeconomica et Informatica, Volume 08, Number 1
Page range:
18-20




 Record created 2018-01-31, last modified 2018-04-02

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)