The True and Fair View on Financial Position and Performance at Application of International Financial Reporting Standards
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F11%3APU91081" target="_blank" >RIV/00216305:26510/11:PU91081 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
The True and Fair View on Financial Position and Performance at Application of International Financial Reporting Standards
Original language description
Accounting is closely connected with activities of humans. It is generally known and approved that with the ongoing globalization one set of world-surrounding accounting standards are the need. In recent years this is the role of the International Financial Reporting Standards. But on the other hand, a number of discussions are connected with the IFRS adoption. One of the points of interest is the fair value which is preferred measurement base within the IFRS because its application affects a view on financial position and performance of a company substantially. Moreover, in consequence of the financial crisis, some notes that fair value has been one of the reasons of this crisis occurred. In this article, the authors are discussing, besides the application of fair value, the differences between the IFRS and the Czech GAAP which cause the gap between results of performance of company based on the IFRS and based on the Czech accounting standards.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
—
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
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
Bulhartelskyj učet: istoria, kovremenost i perpektivy razvitja
ISBN
978-5-9978-0209-7
ISSN
—
e-ISSN
—
Number of pages
10
Pages from-to
18-27
Publisher name
Neuveden
Place of publication
St. Petersburg, Rusko
Event location
Petrohrad
Event date
Oct 26, 2010
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—