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@article{34362, author = {Raušer, Daniel and Kabourková, Kristina}, article_location = {České Budějovice}, article_number = {číslo 2}, keywords = {International Accounting Standards; accounting; Act on Accounting}, language = {eng}, issn = {2464-7217}, journal = {Auspicia}, title = {Accounting Processes within Farm Business Entity after Accounting Act Amendments}, volume = {roč. XIII}, year = {2016} }
TY - JOUR ID - 34362 AU - Raušer, Daniel - Kabourková, Kristina PY - 2016 TI - Accounting Processes within Farm Business Entity after Accounting Act Amendments JF - Auspicia VL - roč. XIII IS - číslo 2 SP - 111-120 EP - 111-120 PB - Vysoká škola evropských a regionálních studií SN - 24647217 KW - International Accounting Standards KW - accounting KW - Act on Accounting N2 - This paper focuses on agriculture, namely on Czech accounting processes within a farm business entity, and draws the attention to some of the legal standards which govern accounting and reporting both domestically and in the European Union. The Czech accounting, governed by Act No. 563/1991 Coll., on Accounting, Decree no. 500/2002 Coll. and the Czech Accounting Standards, was amended by Act No. 221/2015 Coll. and Decree 250/2015 Coll. The authors compare accounting of selected accounting operations before and after 1st January 2016 when these significant changes occurred. Particularly in terms of accounting results, they involve deletion of account groups 61 Changes in product inventory and 62 Activation, whose recognitions were moved to 58 Change in inventory from own activity and activation. Similarly, accounting for extraordinary costs and extraordinary revenues was transferred to operating and financial costs and revenues respectively. It is expected that these changes are not final, as the Czech Republic's accounting will undoubtedly be adjusted in accordance with the EU over the coming years. ER -
RAUŠER, Daniel and Kristina KABOURKOVÁ. Accounting Processes within Farm Business Entity after Accounting Act Amendments. \textit{Auspicia}. České Budějovice: Vysoká škola evropských a regionálních studií, 2016, roč. XIII, číslo 2, p.~111-120. ISSN~2464-7217.
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