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%3A00135142" target="_blank" >RIV/00216224:14560/19:00135142 - isvavai.cz</a>

Alternative codes found

RIV/00216224:14560/19:00108915

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 the financial position and performance of an enterprise. In the global world, it is necessary that the information is comparable at the international level. This requirement poses a problem for small and medium-sized enterprises as they do their reporting in compliance with the national legislations, which are based on Directive 2013/34/EU in the EU member states. No application of the Directive in national legislations guarantees the harmonisation of financial statements. Another direction in harmonisation is the IFRS for Small and Medium-sized Entities (SMEs) which the EU has not acknowledged as a basis for financial statement creation although its significance is not negligible globally – around 80 jurisdictions use it or allow its use currently. The paper aims to analyse the current state of harmonisation of financial statements of small and medium-sized enterprises. Based on the identification of essential differences between the national legislation and the Standard, it attempts to answer the question whether (and how) the financial position and performance of an enterprise will change if the accounting framework changes, i.e., in the case of transfer from reporting based on national legislations to reporting based on the Standard.

Czech name

—

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

—

OECD FORD branch

50200 - Economics and Business

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 ISTRAZIVANJA

ISSN

1331-677X

e-ISSN

1848-9664

Volume of the periodical

32

Issue of the periodical within the volume

1

Country of publishing house

HR - CROATIA

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