Financial Statement according to National or International Financial Reporting Standards? A Decision Analysis Case Study from the Czech Republic at Industrial Companies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F20%3A10245009" target="_blank" >RIV/61989100:27510/20:10245009 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.5755/j01.ee.31.3.22715" target="_blank" >https://doi.org/10.5755/j01.ee.31.3.22715</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5755/j01.ee.31.3.22715" target="_blank" >10.5755/j01.ee.31.3.22715</a>
Alternative languages
Result language
angličtina
Original language name
Financial Statement according to National or International Financial Reporting Standards? A Decision Analysis Case Study from the Czech Republic at Industrial Companies
Original language description
Financial statements bring information about financial position, performance and changes in financial performance. These statements could be prepared in accordance with national accounting standards or in accordance with International Financial Reporting Standards. The scientific problem is to assess whether it is more beneficial to prepare financial statements according to national, transnational or both national and transnational accounting standards. Results show that it is more convenient to prepare financial statements only according to the legislation of national accounting standards. The advantage of this option is lower costs. However, the second best option, based on preparing financial statements according to International Financial Reporting standards, leads to higher quality, credibility and comparison of these statements. Options based on the gradual convergence of transnational and national accounting standards also do not represent an ideal situation. The utility of options is influenced by many criteria. The most important criterion according to the questionnaire survey is costs. The questionnaire survey was carried out in the year 2018 among 28 industrial companies in the selected region of the Czech Republic. The methods of description, analysis, synthesis, comparison and selected methods of multi-criteria decision-making are used in the article
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50205 - Accounting
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Inzinerine Ekonomika-Engineering Economics
ISSN
1392-2785
e-ISSN
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Volume of the periodical
31
Issue of the periodical within the volume
3
Country of publishing house
LT - LITHUANIA
Number of pages
12
Pages from-to
270-281
UT code for WoS article
000545337200002
EID of the result in the Scopus database
2-s2.0-85087125305