The Current Problems of Harmonization of Accounting for Small and Medium-sized Enterprises

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00108915" target="_blank" >RIV/00216224:14560/19:00108915 - isvavai.cz</a>

Result on the web

<a href="https://www.tandfonline.com/doi/full/10.1080/1331677X.2018.1561317" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/1331677X.2018.1561317</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/1331677X.2018.1561317" target="_blank" >10.1080/1331677X.2018.1561317</a>

Result language

angličtina

Original language name

The Current Problems of Harmonization of Accounting for Small and Medium-sized Enterprises

Original language description

Financial statements provide significant information about thefinancial position and performance of an enterprise. In the globalworld, it is necessary that the information is comparable at theinternational level. This requirement poses a problem for smalland medium-sized enterprises as they do their reporting in com-pliance with the national legislations, which are based onDirective 2013/34/EU in the EU member states. No application ofthe Directive in national legislations guarantees the harmonisationof financial statements. Another direction in harmonisation is theIFRS for Small and Medium-sized Entities (SMEs) which the EU hasnot acknowledged as a basis for financial statement creationalthough its significance is not negligible globally–around 80jurisdictions use it or allow its use currently. The paper aims toanalyse the current state of harmonisation of financial statementsof small and medium-sized enterprises. Based on the identifica-tion of essential differences between the national legislation andthe Standard, it attempts to answer the question whether (andhow) the financial position and performance of an enterprise willchange if the accounting framework changes, i.e., in the case oftransfer from reporting based on national legislations to reportingbased on the Standard.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50205 - Accounting

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2019

Confidentiality

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

Name of the periodical

Economic Research-Ekonomska Istraživanja

ISSN

1331-677X

e-ISSN

—

Volume of the periodical

32

Issue of the periodical within the volume

1

Country of publishing house

GB - UNITED KINGDOM

Number of pages

18

Pages from-to

604-621

UT code for WoS article

000464184700005

EID of the result in the Scopus database

2-s2.0-85064259114