Conservative Accounting of Receivables

Zásada opatrnosti v případě pohledávek

Hana Březinová and Pavel Štohl

Český finanční a účetní časopis, 2011, vol. 2011, issue 3, 119-124

Abstract: 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; Pohledávky; Opravné položky; Zásada opatrnosti (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.18267/j.cfuc.127

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