The reporting of goodwill in national and international
context: Evidence from the Czech Republic

J 2016

The reporting of goodwill in national and international context: Evidence from the Czech Republic

SEDLÁČEK, Jaroslav and Oleksandra LEMESHKO

Basic information

Original name

The reporting of goodwill in national and international context: Evidence from the Czech Republic

Authors

SEDLÁČEK, Jaroslav (203 Czech Republic, guarantor, belonging to the institution) and Oleksandra LEMESHKO (203 Czech Republic, belonging to the institution)

Edition

WSEAS TRANSACTIONS on BUSINESS and ECONOMICS, 2016, 2224-2899

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50600 5.6 Political science

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

RIV identification code

RIV/00216224:14560/16:00087952

Organization unit

Faculty of Economics and Administration

Keywords in English

IFRS; US GAAP; goodwill accounting; recognition and measurement; goodwill impairment;

Abstract

V originále

Goodwill as an important part of intangible assets has been more and more interesting not only for researchers but mainly for managers of corporation and its owners. This article deals with differences in accounting treatment and reporting in financial statement pursuant for the International Financial Reporting Standards in comparison to the United States Generally Accepted Accounting Principles and Czech accounting legislation. Our research had shown that there are intangible assets which do not meet the recognition criteria stipulated in Financial Accounting Standard 142 and International Financial Reporting Standard 3(R). However, if there are such assets in the corporation, then should be allocated into goodwill. The greatest differences were identified in comparison supranational legislation reporting of goodwill with the Czech accounting standards. This leads to a different presentation of the financial position and performance of the corporation that affect management decisions and investors.

Links

GAP403/11/0447, research and development project

Name: Analýza daňových a účetních postupů při fúzích

Citovat

SEDLÁČEK, Jaroslav and Oleksandra LEMESHKO. The reporting of goodwill in national and international context: Evidence from the Czech Republic. WSEAS TRANSACTIONS on BUSINESS and ECONOMICS. 2016, vol. 13, No 2016, p. 260-268. ISSN 2224-2899.

@article{1346371,
   author = {Sedláček, Jaroslav and Lemeshko, Oleksandra},
   article_number = {2016},
   keywords = {IFRS; US GAAP; goodwill accounting; recognition and measurement; goodwill impairment;},
   language = {eng},
   issn = {2224-2899},
   journal = {WSEAS TRANSACTIONS on BUSINESS and ECONOMICS},
   title = {The reporting of goodwill in national and international context: Evidence from the Czech Republic},
   volume = {13},
   year = {2016}
}

TY  - JOUR
ID  - 1346371
AU  - Sedláček, Jaroslav - Lemeshko, Oleksandra
PY  - 2016
TI  - The reporting of goodwill in national and international context: Evidence from the Czech Republic
JF  - WSEAS TRANSACTIONS on BUSINESS and ECONOMICS
VL  - 13
IS  - 2016
SP  - 260-268
EP  - 260-268
SN  - 22242899
KW  - IFRS
KW  - US GAAP
KW  - goodwill accounting
KW  - recognition and measurement
KW  - goodwill impairment;
N2  - Goodwill as an important part of intangible assets has been more and more interesting not only for researchers but mainly for managers of corporation and its owners. This article deals with differences in accounting treatment and reporting in financial statement pursuant for the International Financial Reporting Standards in comparison to the United States Generally Accepted Accounting Principles and Czech accounting legislation. Our research had shown that there are intangible assets which do not meet the recognition criteria stipulated in Financial Accounting Standard 142 and International Financial Reporting Standard 3(R). However, if there are such assets in the corporation, then should be allocated into goodwill. The greatest differences were identified in comparison supranational legislation reporting of goodwill with the Czech accounting standards. This leads to a different presentation of the financial position and performance of the corporation that affect management decisions and investors.
ER  -

SEDLÁČEK, Jaroslav and Oleksandra LEMESHKO. The reporting of goodwill in national and international context: Evidence from the Czech Republic. \textit{WSEAS TRANSACTIONS on BUSINESS and ECONOMICS}. 2016, vol.~13, No~2016, p.~260-268. ISSN~2224-2899.

Detailed Information on Publication Record