Novotná, Markéta - In: Acta Oeconomica Pragensia 2004 (2004) 1, pp. 122-139
major accounting principles - IAS/IFRS and US GAAP. Both of the principles address following issues: * initial recognition … conditions according to IAS/IFRS; * impairment: IAS/IFRS allow to cancel or adjust the impairment towards the original value of … value of the asset; * IS /IFRS use historical costs based treatment and allowed alternative treatment - revaluation, US GAAP …