Analysis of the Current Harmonization Process for Financial Reporting Standards in the European Union and its Progress
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F11%3A43897461" target="_blank" >RIV/49777513:23510/11:43897461 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Analysis of the Current Harmonization Process for Financial Reporting Standards in the European Union and its Progress
Original language description
The financial accounting is the basic tool which gives necessary data to all its users, not only for assessment of the company performance in the past, but also for the ability to make proper decisions in the future, which will lead to positive influenceof company's activities. Development of the global economy place requires the harmonization of accounting method that would lead to the creation of a single global worldwide used and acceptable accounting system. The European Commission decided to gradually harmonize the accounting and reporting system of the EU with the IAS/IFRS system, which is (together with US GAAP) worldwide applicable and acceptable accounting system. International financial reporting standard for small- and medium-sized entities(IFRS for SME) has been valid since 2009 and its purpose is to create the set of rules for financial reporting, which will balance the costs and benefits connected with their application.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
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
The 17th International Business Information Management Association Conference
ISBN
978-0-9821489-6-9
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
1895-1903
Publisher name
International Business Information Management Association
Place of publication
Milan
Event location
Italy, Milan
Event date
Nov 14, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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