IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATION
The present study focuses on the method of coverage calculation and the reasons for the different results due to the differences between the Hungarian and IFRS accounting systems. First, the accounting characteristics inherent in the content and structure of the profit and loss account are presented...
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| Format: | Article |
| Language: | English |
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Romanian Foundation for Business Intelligence
2022-07-01
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| Series: | Network Intelligence Studies |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/NIS_19_7.pdf
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| _version_ | 1811183565408305152 |
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| author | Alexandra SZEKERES Angelika DIENES |
| author_facet | Alexandra SZEKERES Angelika DIENES |
| author_sort | Alexandra SZEKERES |
| collection | DOAJ |
| description | The present study focuses on the method of coverage calculation and the reasons for the different results due to the differences between the Hungarian and IFRS accounting systems. First, the accounting characteristics inherent in the content and structure of the profit and loss account are presented on which the coverage calculation is based in the Hungarian and IFRS systems. Next, the accounting items that are necessary for the calculation of coverage are described in detail and are compared according to the two accounting systems. Finally, the differences in the calculation of coverage in the Hungarian and IFRS accounting systems based on the same items are presented through an example. Based on the study, it can be clearly stated that a significantly higher coverage amount can be detected on the basis of the same items in the system of IFRS than in the Hungarian accounting environment. |
| first_indexed | 2024-04-11T09:48:51Z |
| format | Article |
| id | doaj.art-9de356aea5dc4528a6715e6898974b83 |
| institution | Directory Open Access Journal |
| issn | 2344-1712 |
| language | English |
| last_indexed | 2024-04-11T09:48:51Z |
| publishDate | 2022-07-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | Network Intelligence Studies |
| spelling | doaj.art-9de356aea5dc4528a6715e6898974b832022-12-22T04:30:53ZengRomanian Foundation for Business IntelligenceNetwork Intelligence Studies2344-17122022-07-01X19 (1/2022)7178networ:y:2022:i:19:p:71-78IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATIONAlexandra SZEKERES0Angelika DIENES1 Faculty of Economy, University of Debrecen, Debrecen, Hungary Faculty of Economy, University of Debrecen, Debrecen, Hungary The present study focuses on the method of coverage calculation and the reasons for the different results due to the differences between the Hungarian and IFRS accounting systems. First, the accounting characteristics inherent in the content and structure of the profit and loss account are presented on which the coverage calculation is based in the Hungarian and IFRS systems. Next, the accounting items that are necessary for the calculation of coverage are described in detail and are compared according to the two accounting systems. Finally, the differences in the calculation of coverage in the Hungarian and IFRS accounting systems based on the same items are presented through an example. Based on the study, it can be clearly stated that a significantly higher coverage amount can be detected on the basis of the same items in the system of IFRS than in the Hungarian accounting environment. http://seaopenresearch.eu/Journals/articles/NIS_19_7.pdf ifrshungarian accounting actcoverage calculation |
| spellingShingle | Alexandra SZEKERES Angelika DIENES IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATION Network Intelligence Studies ifrs hungarian accounting act coverage calculation |
| title | IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATION |
| title_full | IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATION |
| title_fullStr | IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATION |
| title_full_unstemmed | IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATION |
| title_short | IMPACT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS ON COVERAGE CALCULATION |
| title_sort | impact of the transition to international financial reporting standards on coverage calculation |
| topic | ifrs hungarian accounting act coverage calculation |
| url |
http://seaopenresearch.eu/Journals/articles/NIS_19_7.pdf
|
| work_keys_str_mv | AT alexandraszekeres impactofthetransitiontointernationalfinancialreportingstandardsoncoveragecalculation AT angelikadienes impactofthetransitiontointernationalfinancialreportingstandardsoncoveragecalculation |