IMPACT OF DIFFERENT ACCOUNTING SYSTEMS ON EVALUATION OF FINANCIAL POSITION AND PERFORMANCE OF ENTERPRISE

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F21%3A85388" target="_blank" >RIV/60460709:41110/21:85388 - isvavai.cz</a>

Alternative codes found

RIV/60460709:41110/19:81203

Result on the web

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DOI - Digital Object Identifier

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Result language

čeština

Original language name

IMPACT OF DIFFERENT ACCOUNTING SYSTEMS ON EVALUATION OF FINANCIAL POSITION AND PERFORMANCE OF ENTERPRISE

Original language description

This paper defines the application of International Financial Reporting Standards in the Czech Republic and Germany and focuses on the evaluation of the main differences in accounting methodologies IAS / IFRS and Czech legislation. Already at the beginning there is an assumption that the selected accounting has an impact on enterprise performance. National legislation of Czech Republic is defined in the Act on Accounting 563/1991 Coll., as well as by implementing Decree No. 500/2002 Coll. and Czech Accounting Standards. As in Germany, these national regulations are gradually being influenced by EU legislation, but it has not yet been fully harmonized with IAS / IFRS, which the IASB is working on constantly improving. To make a comparison, a matrix of important aspects of selected accounting systems was compiled, which showed the main differences. These differences identified their impact on the financial situation, performance and basic ratios of financial analysis. Given the focus of the authors, th

Czech name

IMPACT OF DIFFERENT ACCOUNTING SYSTEMS ON EVALUATION OF FINANCIAL POSITION AND PERFORMANCE OF ENTERPRISE

Czech description

This paper defines the application of International Financial Reporting Standards in the Czech Republic and Germany and focuses on the evaluation of the main differences in accounting methodologies IAS / IFRS and Czech legislation. Already at the beginning there is an assumption that the selected accounting has an impact on enterprise performance. National legislation of Czech Republic is defined in the Act on Accounting 563/1991 Coll., as well as by implementing Decree No. 500/2002 Coll. and Czech Accounting Standards. As in Germany, these national regulations are gradually being influenced by EU legislation, but it has not yet been fully harmonized with IAS / IFRS, which the IASB is working on constantly improving. To make a comparison, a matrix of important aspects of selected accounting systems was compiled, which showed the main differences. These differences identified their impact on the financial situation, performance and basic ratios of financial analysis. Given the focus of the authors, th

Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50205 - Accounting

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

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

Article name in the collection

5th International Scientific Conference on Opportunities and Threats to Current Business Management in a Cross-Border Comparison

ISBN

978-3-86367-062-7

ISSN

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e-ISSN

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Number of pages

10

Pages from-to

167-176

Publisher name

GUC Fachbuchreihe

Place of publication

Chemnitz, Germany

Event location

Zelezna Ruda, CZECH REPUBLIC

Event date

Nov 8, 2019

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000631253900017