The development of accounting and application of IFRS in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F13%3A%230000609" target="_blank" >RIV/26138077:_____/13:#0000609 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The development of accounting and application of IFRS in the Czech Republic

Original language description

This paper focuses on development of rules and practices of accounting and on the application of IFRS in the Czech Republic. The article deals with historical background of the Czech accounting and subsequently with particular features of implementationof IFRS after 1989, when the economic transformation to market economy required adjustments in accounting regulation. This part of our research investigates the relationships between local and global standards of accounting, as well as the impact and consequences and perceived benefits of adopting IFRS in accounting practices. In the recent years one can observe some activity to transformation to IFRS in the field of accounting; this however is not systematic or homogenous, as application of local rulesis still required in the domain of taxation. Our analysis of development of accounting regulations in the Czech Republic implies that the majority of Czech, companies nowadays have little motivation to switch to international reporting s

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2013

Confidentiality

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

Name of the periodical

Accounting and Management Information Systems

ISSN

1583-4387

e-ISSN

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Volume of the periodical

13

Issue of the periodical within the volume

2

Country of publishing house

RO - ROMANIA

Number of pages

38

Pages from-to

198-235

UT code for WoS article

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EID of the result in the Scopus database

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