Český finanční a účetní časopis 2011(3):119-124 | DOI: 10.18267/j.cfuc.127

Conservative Accounting of Receivables

Hana Březinová1, Pavel Štohl2
1 Doc. Ing. Hana Březinová, CSc. - docentka; Soukromá vysoká škola ekonomická Znojmo, Loucká 656/21, 669 02 Znojmo; <hana.brezinova@audit-habr.cz>.
2 Ing. Pavel Štohl - odborný asistent; Soukromá vysoká škola ekonomická Znojmo, Loucká 656/21, 669 02 Znojmo; <stohl@svse.cz>.

Receivables are company's assets that can cause substantial problems, especially when these assets are rising. Therefore it is necessary to look after receivables continually and to apply the principle of conservative accounting. Unlike US GAAP, adjustments are used in the Czech Republic. As an inspiration for setting the level of adjustments the factor of bad debts can be used. At setting the level of adjustments, limitation of the receivable is taken into account. Adjustments not only influence the bottom line, they also are a very important fiscal policy tool. Correct application of tax regulations can radically influence the income tax level of a particular subject.

Keywords: Receivables; Adjustments; Conservative Accounting.
JEL classification: M41

Published: October 1, 2011  Show citation

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Březinová, H., & Štohl, P. (2011). Conservative Accounting of Receivables. Czech Financial and Accounting Journal, 2011(3), 119-124. doi: 10.18267/j.cfuc.127
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    References

    1. Březinová, H. (2000): Účetní závěrka v mezinárodním rámci, Praha, Česká zemědělská univerzita v Praze, 2000
    2. Mládek, R. (1998): Světové účetnictví, Praha, Linde, 1998

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