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The Influence of the International Financial Reporting Standard for Small and Medium-sized Entities on the Financial Position and Performance of a Company

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F11%3A00049644" target="_blank" >RIV/00216224:14560/11:00049644 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    The Influence of the International Financial Reporting Standard for Small and Medium-sized Entities on the Financial Position and Performance of a Company

  • Original language description

    In 2009 the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) was published; it is expected to bring a considerable progress towards the harmonization of the accounting of SMEs. The aim of the standard is to create financial statements which will provide information about the financial position, performance and cash flow as these are important for users? economic decisions. Another objective of the standard is the enhancement of the quality of the provided information, its comprehensibility in the international context and the reduction of load for accounting entities which have to report with the use of global standards. Currently, there is no obligation to use the standard; its acceptance depends on the European Commission and then the national legislation of each particular country.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

    <a href="/en/project/GA402%2F09%2F0225" target="_blank" >GA402/09/0225: IAS/IFRS Usage in Small and Medium-sized Enterprises and its Influence on Performance Measurement</a><br>

  • Continuities

    P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Others

  • Publication year

    2011

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    International Conference New Socio-economic Challenges of Development in Europe 2010, Riga, Latvia

  • ISBN

    978-9984-45-363-7

  • ISSN

  • e-ISSN

  • Number of pages

    5

  • Pages from-to

    446-450

  • Publisher name

    University of Latvia,

  • Place of publication

    Riga, Latvia

  • Event location

    University of Latvia, Riga.

  • Event date

    Jan 1, 2010

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article