Reporting ogf Intangibles in Different Reporting Systems
| Autoři | |
|---|---|
| Rok publikování | 2016 |
| Druh | Článek ve sborníku |
| Konference | 3th International Multidisciplinary Scientitific Conference on Social Science and Arts. SGEM 2016. Conference Proceedings |
| Fakulta / Pracoviště MU | |
| Citace | |
| Doi | http://dx.doi.org/10.5593/sgemsocial2016B23 |
| Obor | Řízení, správa a administrativa |
| Klíčová slova | Accounting Standards Intangibles Reporting |
| Popis | The main purpose of this research is examine the reporting of intagible assets in different accounting systems and consider results of convergence proces in that area between International Financial Reporting Standards (IFRS) and United States Generally Accepted Accounting Practises (US GAAP). This article is based on analysis and comparisons of relevant literature resources, mainly articles and conference papers, but also legislative acts and monographs. This paper briefly reviews IFRS, U.S. and U.K. GAAP and Czech accounting standards relating to intangibles. Inconsistencies are highlighted, and evidence is provided that suggests that recognition of intangible assets is in accordance with existing accounting principles. In today’s economy value is often created by intangible assets that arised from intectual capital. The accounting standard setters try to meet the challenge of recognition and reporting the results of knowledge-based entities. The problems relating to the accounting for intangibles are international in scope. |