Receivables impairment comparison – accounting and taxation perspective

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

Milena Otavová¹  Jana Gláserová¹ 

[1] Ústav účetnictví a daní, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika;

关键词: receivables;    impairment;    true and fair view;    profit and loss;    tax base;   

DOI  :  10.11118/actaun200957030033

来源: DOAJ

【 摘 要 】

Receivables are the significant area of assets in the entrepreneurs reporting system and in the banks reporting system as well. It is necessary to pay attention to this area and to be flexible in the reaction to changes in the risk of bad debts. Impairment of the bad debts is the reaction to these changes. The impairment is based on the prudence principle and the true and fair view principle. There are quite different rules for impairment application for taxation purposes in the Czech Republic than for financial reporting are set up by Income Tax Act. The paper is concerned with the comparison of ways of bad debts impairment reporting in the entrepreneurs’ financial reporting system and in the banks financial reporting system.The receivables definitions are similar for entrepreneurs and for banks. There are some differences in their classification and in the way of prudent principle application in this area.

【 授权许可】

Unknown