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Revenue - similarities and differences of normative texts


  • Miloslav Janhuba


This exposition focused to some basic problems by definition of the microeconomic (and accounting) category "revenue", of its congruence and differences in canonic texts (law act, instruction, directive etc.), which regulate a complex of accounting performances, in the first place, income statements. As canonic texts was make use of directives EU, International Accounting Standards, Financial Accounting Standards in USA and Czech law. Theoretically compared are the functions of revenue (and its precise definition) by isolating of multifarious types of income: operating profit, realizable cost saving, realized cost saving and realized capital gains. The process of revenue recognition in some complicated situations is minutely described mainly in International Accounting Standard No. 18 120 - Appendix. Next highlighted is any logically uncompromising accounting category "revenue" necessity in Czech canonic texts for financial statements preparation and disclosure.

Suggested Citation

  • Miloslav Janhuba, 2004. "Revenue - similarities and differences of normative texts," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2004(1), pages 107-121.
  • Handle: RePEc:prg:jnlaop:v:2004:y:2004:i:1:id:251:p:107-121

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    References listed on IDEAS

    1. S. Illeris & G. Akehurst, 2001. "Introduction," The Service Industries Journal, Taylor & Francis Journals, vol. 21(1), pages 1-4, January.
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    More about this item


    International Accounting Standards; US GAAP; income statement; revenues; EU directives; směrnice EU; Mezinárodní účetní standardy; US GAAP; výsledovka; výnosy;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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