| VOGT, Jan. Peculiarities in Accounting: The difficulties between recording past transactions and forward looking estimates and the transmission of value through IFRS balance sheets. In ROUBAL, Ondřej, ed. Konference doktorandů na Vysoké škole finanční a správní 2022: prezentace výsledků společenskovědního výzkumu s ekonomickými a finančními efekty (9. ročník) = Doctoral Students Conference at the University of Finance and Administration 2022: presentation of the results of social science research with economic and financial effects (9th annual conference). Praha: Vysoká škola finanční a správní, 2022, s. 176-187. ISBN 978-80-7408-250-4. |
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@inproceedings{10435,
author = {Vogt, Jan},
address = {Praha},
booktitle = {Konference doktorandů na Vysoké škole finanční a správní 2022: prezentace výsledků společenskovědního výzkumu s ekonomickými a finančními efekty (9. ročník) = Doctoral Students Conference at the University of Finance and Administration 2022: presentation of the results of social science research with economic and financial effects (9th annual conference)},
editor = {ROUBAL, Ondřej, ed.},
keywords = {Accounting; Valuation; Book Value; Market Value; Fair Value},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Praha},
isbn = {978-80-7408-250-4},
pages = {176-187},
publisher = {Vysoká škola finanční a správní},
title = {Peculiarities in Accounting: The difficulties between recording past transactions and forward looking estimates and the transmission of value through IFRS balance sheets},
url = {https://www.vsfs.cz/prilohy/konference_doktorandu_na_vysoke_skole_fi.pdf},
year = {2022}
}
TY - JOUR
ID - 10435
AU - Vogt, Jan
PY - 2022
TI - Peculiarities in Accounting: The difficulties between recording past transactions and forward looking estimates and the transmission of value through IFRS balance sheets
PB - Vysoká škola finanční a správní
CY - Praha
SN - 9788074082504
KW - Accounting
KW - Valuation
KW - Book Value
KW - Market Value
KW - Fair Value
UR - https://www.vsfs.cz/prilohy/konference_doktorandu_na_vysoke_skole_fi.pdf
N2 - This paper discusses the relevance of accounting from the investor's perspective focusing on “value”. It first explains the key basic concepts of accounting - fair value accounting vs. historical cost - and thus frames the conflict between recording past transactions reliably vs. providing fair values based on future estimates. Based on the differences of market and book values of equity in combination with (at least in parts) inconsistent rules in accounting, challenges regarding systemic transparency on value are discussed. Accounting lost significant ground regarding the relevance of information in the context of decision-making for investors mostly because defining significant value sitting in intangibles as out of scope.
ER -
VOGT, Jan. Peculiarities in Accounting: The difficulties between recording past transactions and forward looking estimates and the transmission of value through IFRS balance sheets. In ROUBAL, Ondřej, ed. \textit{Konference doktorandů na Vysoké škole finanční a správní 2022: prezentace výsledků společenskovědního výzkumu s ekonomickými a finančními efekty (9. ročník) = Doctoral Students Conference at the University of Finance and Administration 2022: presentation of the results of social science research with economic and financial effects (9th annual conference)}. Praha: Vysoká škola finanční a správní, 2022, s.~176-187. ISBN~978-80-7408-250-4.
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