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Impact of reporting of deferred tax on sustainable development of a counry: Case of Czech Republic

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dc.title Impact of reporting of deferred tax on sustainable development of a counry: Case of Czech Republic en
dc.contributor.author Paseková, Marie
dc.contributor.author Müllerová, Libuše
dc.contributor.author Crhová, Zuzana
dc.contributor.author Svitáková, Bohumila
dc.relation.ispartof Journal of Security and Sustainability Issues
dc.identifier.issn 2029-7017 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2018
utb.relation.volume 7
utb.relation.issue 4
dc.citation.spage 769
dc.citation.epage 779
dc.type article
dc.language.iso en
dc.publisher General Jonas Zemaitis Military Academy of Lithuania
dc.identifier.doi 10.9770/jssi.2018.7.4(13)
dc.relation.uri https://jssidoi.org/jssi/papers/papers/view/308
dc.subject Czech Accounting Standards en
dc.subject Deferred tax en
dc.subject Deferred tax asset en
dc.subject Deferred tax liability en
dc.subject Financial statements en
dc.subject Small and medium-sized enterprises (SMEs) en
dc.subject Sustainability en
dc.subject Sustainable development en
dc.description.abstract Achievement of high quality of accounting information in financial statements requires thorough adherence to generally accepted accounting principles. In connection with deferred tax, this concerns especially the prudence principle and the going concern principle. The deferred tax also has an impact on fiscal sustainability in any given country. The aim of this contribution is to evaluate how information about deferred tax is reported by small and medium sized enterprises in Czech Republic and evaluate quality of such reporting. The research was conducted in the form of a questionnaire survey concerning recognition of deferred tax among accounting units which prepare their financial statements according to IFRS or according to Czech accounting standards. The entities that stated in the questionnaire that they recognize deferred tax were further analysed in more detail. The survey revealed that the standard does not take into consideration that small and medium-sized enterprises would not have to account for deferred tax. The research clearly showed the unwillingness of accounting entities to recognize deferred tax voluntarily. © 2018, General Jonas Zemaitis Military Academy of Lithuania. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1008099
utb.identifier.obdid 43879415
utb.identifier.scopus 2-s2.0-85049511542
utb.source j-scopus
dc.date.accessioned 2018-08-03T12:49:40Z
dc.date.available 2018-08-03T12:49:40Z
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Paseková, Marie
utb.contributor.internalauthor Crhová, Zuzana
utb.contributor.internalauthor Svitáková, Bohumila
utb.fulltext.affiliation Marie Paseková 1 , Libuše Müllerová 2 , Zuzana Crhová 3 , Bohumila Svitáková 4 1,3,4 Department of Finance and Accounting, Faculty of Management and Economics, Tomas Bata University in Zlín, Mostní 5139, 760 01 Zlín, Czech Republic 2 Department of Financial Accounting and Auditing, Faculty of Finance and Accounting, University of Economics; Prague W. Churchill Sq. 1938/4, 130 67 Prague 3, Czech Republic E-mails: 1 pasekova@fame.utb.cz; 2 libuse.mullerova@vse.cz; 3 crhova@fame.utb.cz; 4 svitakova@fame.utb.cz Marie PASEKOVÁ is the Associated Professor of Department of Finance and Accounting, Tomas Bata University in Zlín, Czech Republic. Research interests: international accounting harmonization for SMEs, quality of accounting information, personal bankruptcy and its social implications. Orcid ID: orcid.org/0000-0001-5400-4099 Author ID: 35756565400 Libuše MÜLLEROVÁ is the Professor of Accounting and Auditing of University of Economics in Prague, Czech Republic. Resear interest: international accounting harmonization for SMEs, quality of accounting information, taxes and audit. ORCID ID: https://orcid.org/0000-0001-5854-0155 Bohumila SVITÁKOVÁ is the Assistant Professor of Department of Finance and Accounting, Tomas Bata University in Zlín, Czech Republic. Research interests: quality of accounting information, subsidies, taxes. ORCID ID: https://orcid.org/0000-0001-8551-9466 Zuzana CRHOVÁ is the Assistant Professor of Department of Finance and Accounting, Tomas Bata University in Zlín, , Czech Republic. Research interests: business performance, quality of accounting information, firms and competitiveness ORCID ID: https://orcid.org/0000-0003-1790-8608
utb.fulltext.dates Received 20 January 2018 accepted 16 March 2018
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utb.fulltext.sponsorship The authors are thankful to the Internal Grant Agency of University No.: IGA/FaME/2018/014 „Influence of the specific risk factors of the financial statements on the company’s competitiveness with an impact on the tax area“” for financial support to carry out this research.
utb.scopus.affiliation Department of Finance and Accounting, Faculty of Management and Economics, Tomas Bata University in Zlín, Mostní 5139, Zlín, Czech Republic; Department of Financial Accounting and Auditing, Faculty of Finance and Accounting, University of Economics, Prague W. Churchill Sq. 1938/4, Prague 3, Czech Republic
utb.fulltext.projects IGA/FaME/2018/014
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