Český finanční a účetní časopis 2018(2):5-23 | DOI: 10.18267/j.cfuc.510

Basic differences in the definition of fixed assets between Czech accounting standards and International public sector accounting standards

Lukáš Poutník
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu, nám. W. Churchilla 4, 130 67 Praha 3.

The paper deals with the basic differences in the definition of fixed assets in Czech accounting legislation and International public sector accounting standards. Since 2009, the Czech accounting reform of the public sector has been in progress with the aim of establishing transparent accounting rules built on an accrual basis. At the same time International public sector accounting standards have already provided such rules in the international environment. The aim of this paper is to identify and subsequently compare the basic methodological elements that distinguish those different concepts.

Keywords: Public sector accounting; Accrual basis; Fixed assets; Czech accounting standards; International accounting standards for the public sector.
JEL classification: H83, M41

Published: July 1, 2018  Show citation

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Poutník, L. (2018). Basic differences in the definition of fixed assets between Czech accounting standards and International public sector accounting standards. Czech Financial and Accounting Journal, 2018(2), 5-23. doi: 10.18267/j.cfuc.510
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