Impact of IFRS Reporting on Prediction of Development of Financial Conditions of Czech Firms

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F14%3A%230000770" target="_blank" >RIV/26138077:_____/14:#0000770 - 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
Impact of IFRS Reporting on Prediction of Development of Financial Conditions of Czech Firms
Original language description
According to the international agreements since the year 2005 all the companies operating on the EU capital markets have to prepare their financial statements in accordance with the IFRS. Financial statements according the IAS/IFRS give different set ofdata in comparison with statements based on the Financial Statements according to national Accounting Standards. The assessment of the firms´ future destiny can therefore be affected by different accounting procedures. The selected indicators of Altman Z-score model summarize the most sensitive areas of the firm´s financial condition and its efficiency. We claim, that these indicators reveal the most important the impact of IFRS reporting in special structure and affect the final value and prediction offirm´s future. The aim of this paper is a thorough analysis of the changes in prediction of the firm´s future caused the different principles of reporting. Through the analysis of indicators´ changes on sample of 30 Czech firms we assess
Czech name
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Czech description
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Type
J<sub>x</sub> - 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
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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