Český finanční a účetní časopis 2006(4):132-135 | DOI: 10.18267/j.cfuc.201

Some remarks to innovative approach in Revenue Recognition by International Financial Reporting Standards

Miloslav Janhuba
Prof. Ing. Miloslav Janhuba, CSc. - profesor; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <mjanhuba@vse.cz>.

An International Financial Reporting Standards innovations process and its connections with theoretical fundamentals of balancing in accounting systems is the contents of this critique. Major problematic of new issue of revenue recognition is discussed. The new, so called 'asset-liability approach', is preferred against the opinion of authors of reviewed contribution.

Keywords: Revenue recognition; Asset; Net assets; Liability; Temporary accounts; Income; Profit, Gain; Loss.
JEL classification: M41

Published: December 1, 2006  Show citation

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Janhuba, M. (2006). Some remarks to innovative approach in Revenue Recognition by International Financial Reporting Standards. Czech Financial and Accounting Journal, 2006(4), 132-135. doi: 10.18267/j.cfuc.201
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    References

    1. Činčura, J. (2006): Možné propojení aktiv a pasiv. In Míšek, R. - Procházka, D. (eds.): Sborník 2006 - 7. konference studentů doktorského studia Fakulty financí a účetnictví. Praha, Oeconomica, 2006, s. 294-298. Go to original source...
    2. Wüstemann, J. - Kierzek, S. (2005): Revenue Recognition under IFRS Revisited: Conceptual Models, Current Proposals and Practical Consequences. Accounting in Europe, 2005, roč. 3, č. 2, s. 69-106. 7 V angličtině 'holding gains and losses'. Go to original source...

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