68 research outputs found
One or Two Statement Approach for the Income Statement of Czech Companies?
Purpose of the article: The article examines the IAS 1 revised that allows the company to choose between a
reclassification of items by nature or by function (destination), it also provides two alternative presentations
of the income statement: a single statement of comprehensive income or two statements, the first containing
the components of net income, and the second that, starting from net income, shows the other components of
expanded income.
Methodology/methods: First we outline the principal theories of the statement of comprehensive income,
secondly we concentrate the research to obtain the empirical data. The research is developed in the following
steps: selection of the companies surveyed; selection of the documents to be analysed; election of the empirical
aspects to be studied.
Scientific aim: The aim of the research is to define which format has been adopted by companies listed on the
Czech Republic Stock Exchange for the new Income Statement to be prepared according to the International
Accounting Standards – IAS 1 revised in 2007. In particular, we examine the Consolidated Financial Statements
2010 published online.
Findings: This article illustrates the two choices that have the companies to present items of net income, items
of other comprehensive income and total comprehensive income: they can create one continuous statement of
comprehensive income or two separate consecutive statements.
Conclusions: The results show that the Czech financial statements have not a firms’ propensity to separate
the section of the income statement in two statements rather than to integrate it into a single one, while the
reclassification of the income statements privileges the reclassification by nature
Is total comprehensive income or net income better for the evaluation of companies\u2019 financial performance?
The aim of the paper is to compare the utility of the net income and the total comprehensive income for the evaluation of goodness in connection with companies\u2019 investments. For the research, we use the data of the consolidated financial statements for 2010, 2011 and 2012 published online by companies listed on the Prime Market of the Czech Republic Stock Exchange. In the last part of the work, we show the results of empirical research on the income statement of the Czech companies, which have adopted IAS/IFRS principles. The results show that the Czech companies\u2019 financial statements have no propensity to separate the income statement section into two statements rather than integrating it into a single one, while the reclassification of the income statements privileges the reclassification by nature. The results show that the total comprehensive income possesses informa- tive content and gives further information for the evaluation of financial performance
Is total comprehensive income or net income better for the evaluation of companies’ financial performance?
The aim of the paper is to compare the utility of the net income and the total comprehensive income for the evaluation of goodness in connection with companies’ investments. For the research, we use the data of the consolidated financial statements for 2010, 2011 and 2012 published online by companies listed on the Prime Market of the Czech Republic Stock Exchange. In the last part of the work, we show the results of empirical research on the income statement of the Czech companies, which have adopted IAS/IFRS principles. The results show that the Czech companies’ financial statements have no propensity to separate the income statement section into two statements rather than integrating it into a single one, while the reclassification of the income statements privileges the reclassification by nature. The results show that the total comprehensive income possesses informa- tive content and gives further information for the evaluation of financial performance
Is total comprehensive income or net income better for the evaluation of companies' financial performance?
The aim of the paper is to compare the utility of the net income and the total comprehensive income for the
evaluation of goodness in connection with companies’ investments. For the research, we use the data of the
consolidated financial statements for 2010, 2011 and 2012 published online by companies listed on the Prime
Market of the Czech Republic Stock Exchange. In the last part of the work, we show the results of empirical
research on the income statement of the Czech companies, which have adopted IAS/IFRS principles. The results
show that the Czech companies’ financial statements have no propensity to separate the income statement section
into two statements rather than integrating it into a single one, while the reclassification of the income statements
privileges the reclassification by nature. The results show that the total comprehensive income possesses informative
content and gives further information for the evaluation of financial performance
Is total comprehensive income or net income better for the evaluation of companies’ financial performance?
The aim of the paper is to compare the utility of the net income and the total comprehensive income for the evaluation of goodness in connection with companies’ investments. For the research, we use the data of the consolidated financial statements for 2010, 2011 and 2012 published online by companies listed on the Prime Market of the Czech Republic Stock Exchange. In the last part of the work, we show the results of empirical research on the income statement of the Czech companies, which have adopted IAS/IFRS principles. The results show that the Czech companies’ financial statements have no propensity to separate the income statement section into two statements rather than integrating it into a single one, while the reclassification of the income statements privileges the reclassification by nature. The results show that the total comprehensive income possesses informa- tive content and gives further information for the evaluation of financial performance
Impairment Test in the Football Team Financial Reports
Abstract The aim of the paper is to analyze the valuation and the application of the impairment test of intangible assets of Italian football teams. The purpose is to understand how and what kind of information each club discloses on their financial reports the values of player registrations. The study considers the evolution of the reports from the ruling of UEFA Financial Fair Play Regulations ( UEFA, 2009 ) in the years 2010–2015. The study demonstrates that only some clubs have reached the beak-even goal and that only some teams give impairment test information in the statement and in the attached notes
The Sharing economy: the problem of a shared definition
The sharing economy is founded on pooling and exchanging services, goods, resources, time, skills, and knowledge in order to reduce the costs and, at the same time, to reduce or eliminate the intermediaries. This phenomenon has increased in importance in recent years but there is no single definition in the literature, rather there are different terms to define the general concept. The aim of the paper is therefore to identify the different definitions developed in doctrine in order to finally understand the causes that led to the crisis of the linear economy in favour of the circular economy
Certified B Corporations and Innovation : Crowdfunding as a Tool for Sustainability
Peer reviewedPublisher PD
The role of individual social responsibility and corporate social responsibility in the tax fraud war : A comparison between the priorities of Italian and Romanian consumers
Open Access Funding provided by Universita degli Studi dell'Insubria within the CRUI-CARE Agreement.Peer reviewedPublisher PD
NPO Funding in Italy: The Role and the Contribution of Corporate Governance
By adopting mainly the “principal-agent theory”, the study analyses how non-profit organizations (NPOs) corporate governance structure could increase the trust of the donors and therefore affect their ability to receive donations from taxpayers. Starting from a literature review we concentrated our attention on the non-profit sector where NGOs represent the largest category. In Italy, starting from 2006, all NPOs could receive funding deriving from taxes paid by citizens when making tax returns with the so called ‘5 per thousand’ of the personal income tax. We analyzed the corporate governance disclosure practices of the first Italian 100 NPOs that received the highest donations from 5 per thousand. In particular, we elaborated a CGI index that includes governance and informativeness. This paper shows how an efficient and transparent corporate governance structure motivates the donors to donate 5 per thousand to NPOs that demonstrate good corporate governance. The findings suggest that taxpayers are inclined to allocate 5 per thousand to organizations where the information level, from a governance point of view, is high, easily available and clear about the purpose in the specified field of research
- …