Publication detail

Certain Aspects Of The Use Of Accounting Principles In The Accounting Of Public Corporations

PERNICA, M. HANUŠOVÁ, H.

Original Title

Certain Aspects Of The Use Of Accounting Principles In The Accounting Of Public Corporations

Type

conference paper

Language

English

Original Abstract

The article deals with aspects of the accounting reform of public finance. There are two different accounting principles - accrual approach and cash approach. The main objectives of the research was to find out the shortcomings in the public sector accounting legislation especially in the case of depreciation of assets. The pilot survey was conducted on the basis of a semi-structured interview with municipality representatives. The interviews conducted in the pilot part of the survey revealed that the municipalities criticized the fact that the principle of prudence is not being exercised in accounting, especially when it comes to depreciation of assets. In this respect, some areas of problems have been identified: small long-term property cannot be depreciated and the rules for selecting the method of property depreciation and preparing the depreciation policy are rigid.

Keywords

Accrual principle; principle of prudence; accounting reform; municipality; public finance

Authors

PERNICA, M.; HANUŠOVÁ, H.

RIV year

2015

Released

1. 12. 2015

ISBN

1877-0428

Periodical

Procedia Social and Behavioral Sciences

Number

213

State

Kingdom of the Netherlands

Pages from

345

Pages to

350

Pages count

6

URL

http://www.sciencedirect.com/science/article/pii/S1877042815059042

BibTex

@inproceedings{BUT118387,
  author="Martin {Pernica} and Helena {Hanušová}",
  title="Certain Aspects Of The Use Of Accounting Principles In The Accounting Of Public Corporations",
  booktitle="20th International Scientific Conference {"}Economics and Management 2015 (ICEM-2015){"}",
  year="2015",
  journal="Procedia Social and Behavioral Sciences",
  number="213",
  pages="345--350",
  doi="10.1016/j.sbspro.2015.11.549",
  issn="1877-0428",
  url="http://www.sciencedirect.com/science/article/pii/S1877042815059042"
}