Changing Implementation of IFRS in Czech SMEs: Longitudinal Study

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25940082%3A_____%2F17%3AN0000006" target="_blank" >RIV/25940082:_____/17:N0000006 - isvavai.cz</a>
Result on the web
<a href="https://msed.vse.cz/msed_2017/article/56-Jindrichovska-Irena-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2017/article/56-Jindrichovska-Irena-paper.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Changing Implementation of IFRS in Czech SMEs: Longitudinal Study
Original language description
An increasing number of Czech SMEs are using the IFRS standards for reporting purposes. Their most frequently cited motivation is the requirement of foreign parent firms to use the IFRS for consolidation purposes. It would seem that the Czech companies could simply follow the way, however, the situation is not so straight forward. This study examines the macroeconomic context and related legal and institutional issues of the IFRS implementation as rooted in the Central European institutional background. Based on a questionnaire survey conducted periodically four times over six years, we attempt to identify the effects of IFRS adoption connected with the SMEs context. The paper finds that, even though the pressure to use the IFRS is rising, important institutional factors and constraints on the side of the users, in terms of a lack of perceived benefits complicate the way of IFRS usage for the majority of Czech SMEs. Also, the preparedness of accounting professionals is quite low, as well as the benefits attributed to the IFRS adoption bySMEs'executives. Furthermore, the Ministry of Finance only gradually adapts to special features of the Czech environment and only recently makes the transition to IFRS less strictly regulated.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 11th International Days of Statistics and Economics: Conference Proceedings
ISBN
978-80-87990-12-4
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
615-624
Publisher name
Melandrium
Place of publication
Slaný
Event location
Praha
Event date
Sep 14, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000455325300061

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