Risks of Developments in International Accounting Standards for Financial Instruments

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F14%3A%230000890" target="_blank" >RIV/26138077:_____/14:#0000890 - 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
Risks of Developments in International Accounting Standards for Financial Instruments
Original language description
As a result of the worsening credit ratings of clients during the recession there has been an increase in certain parameters of bank credit risk. Banks must create adjustment items in relation to these losses. Adjustment items and expected credit lossesreduce the reported net economic result during the periods when the adjustment items are recognised. The purpose of this article is to point out potential risks for small and mid-sized companies in connection with the development of International Financial Reporting Standards (IFRS), mainly in relation to financial instruments, which could include mainly the risk of not obtaining credit financing due to a credit rating change. This article also examines the impacts of changes to European accounting legislation in general and points out the loss of trustworthiness of financial reports as well as political influences and pressure on accounting.
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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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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