DOI: 10.32725/978-80-7394-976-1.43

Reporting expenses and revenues according to IFRS and Czech accounting legislation in the energy sector

Jaroslav Svoboda, Jana Lososová
University of South Bohemia in České Budějovice, Faculty of Economics, Department of Accounting and Finances, Studentská 13, 370 05 České Budějovice, Czech Republic, svoboda@ef.jcu.cz.
University of South Bohemia in České Budějovice, Faculty of Economics, Department of Accounting and Finances, Studentská 13, 370 05 České Budějovice, Czech Republic, lososova@ef.jcu.cz.


Energy companies present a segment that is currently being watched very closely. The record energy prices created by the stock market generate multifold profits for these types of companies. Building on historical traditions, customs, and the economic and legislative environment, accounting regulation in different countries takes place in different forms and bodies. Currently, the primary accounting standards dominating not only the territory of the European Union are International Financial Reporting Standards (IFRS). The contribution will attempt to analyze the profit and loss statements in this industry for selected companies that report according to International Financial Reporting Standards and Czech accounting legislation.

Keywords: Profit/loss statement; Czech accounting legislation; International Financial Reporting Standards; Energy

pages: 293-300



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