The article deals with non-financial aspects of company performance, because they are currently show as the most valuable resources which companies have and therefore raises the need to seek the ways how to utilize the potential of these resources to maximum effect. The goal of this article and...

Intangible assets represent a specific component of entity’s assets and it is relatively complicated to present its existence in financial statements. Since 2005 entities under IFRS have to apply amendment of IAS 38. This article focuses on brief explanation of recognition and measurement...

The paper focuses on financial reporting of long-lived assets. The author's aim was to analyze the approach of two major accounting principles - IAS/IFRS and US GAAP. Both of the principles address following issues: * initial recognition and measurement, * depreciation: allocation of capitalized...