The possibilities of convergence of an economic and an accounting concept of income

Možnosti sbližování ekonomického zisku a účetního výsledku hospodaření

David Procházka

Český finanční a účetní časopis, 2006, vol. 2006, issue 1, 30-49

Abstract: The exposition is aimed to define basic economic category which is profit (income). This element is a subject of the theoretical research in the accounting, too. Firstly, the contribution refers to some characteristics of economic concept of income. Then, I expound the accounting point of view, especially in mutual relations to various concepts of value, capital and income. I delineate two theoretical concepts of accounting profit - realizable profit and business profit. In the last part, there is an analysis of profit as it is specified in the Conceptual Framework to International Financial Reporting Standards.

Keywords: Value; Capital; Income; Realizable profit; Business profit; IFRS; Hodnota; Kapitál; Důchod; Realizovatelný zisk; Podnikatelský zisk (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2006
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DOI: 10.18267/j.cfuc.117

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