Politická ekonomie 2016, 64(4):451-467 | DOI: 10.18267/j.polek.1081

Ekonomické teorie účetnictví: přehled moderních přístupů a jejich reflexe při tvorbě účetních standardů

David Procházka, Jiří Pelák
Vysoká škola ekonomická v Praze.

Economic Theories of Accounting: The Review of Modern Approaches and their Relevance for Standard-Setting

The paper deals with fundamental functions of accounting and their characteristics, which are identified with reference to the information economics. Accounting research distinguishes three accounting functions: decision-usefulness; contracting; and signalling. Useful information produced by accounting contributes to mitigating the information asymmetry within economy. The theoretical classification of accounting functions is also relevant for the standard-setting, as different decision tasks require different sets of accounting information. Standard-setters face then a challenge, which function shall have priority over others. Setters utilise the findings of accounting research, which offers relevant inputs for the cost-benefit analysis of deliberated accounting treatments. The analysis of the IASB's Conceptual Framework for Financial Reporting demonstrates a substantial influence of accounting research on the content of IFRS.

Keywords: relevance of accounting research, information economics, accounting functions
JEL classification: M41

Published: August 1, 2016  Show citation

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Procházka, D., & Pelák, J. (2016). Economic Theories of Accounting: The Review of Modern Approaches and their Relevance for Standard-Setting. Politická ekonomie64(4), 451-467. doi: 10.18267/j.polek.1081
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