Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109846
Authors: 
Halíř, Zbyněk
Year of Publication: 
2010
Citation: 
[Journal:] European Financial and Accounting Journal [ISSN:] 1805-4846 [Volume:] 5 [Year:] 2010 [Issue:] 2 [Pages:] 25-52
Abstract: 
The paper concerns measuring and reporting of financial performance of an enterprise from external user’s point of view. Basic approach of the paper is the analysis of the Income Statement as amended by US GAAP. If it is appropriate wording of US GAAP is enriched by requirement of IAS/IFRS. The paper comes from following premise: Advanced accounting systems of the world could be rich sources of inspiration that would help to improve the Czech accounting legislation, the Czech accounting standards and their interpretations. Where it is appropriate the paper also brings inspiration for solving partial inconsistencies between IAS / IFRS and US GAAP. It gives some recommendations for continuing the harmonization process of both accounting systems in the field of measuring and reporting of financial performance.
Subjects: 
Financial Performance
Income Statement
US GAAP
IFRS
Czech Accounting Legislation
JEL: 
M41
Persistent Identifier of the first edition: 
Document Type: 
Article

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