Accounting according to The Czech Legislation or IFRS? Czechia Case Study
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F24%3A10255065" target="_blank" >RIV/61989100:27510/24:10255065 - isvavai.cz</a>
Result on the web
<a href="https://journals.vilniustech.lt/index.php/JBEM/article/view/21531" target="_blank" >https://journals.vilniustech.lt/index.php/JBEM/article/view/21531</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/jbem.2024.21531" target="_blank" >10.3846/jbem.2024.21531</a>
Alternative languages
Result language
angličtina
Original language name
Accounting according to The Czech Legislation or IFRS? Czechia Case Study
Original language description
The article deals with the decision-making situation whether it is more advantageous for accounting entities in Czechia to keep accounting according to Czech accounting regulations or to International Financial Reporting Stand ards. The preparation of financial statements only in accordance with national accounting regulations may often not be sufficient. Different ways of regulating accounting in the world put pressure on accounting harmonization. International Financial Reporting Standards are the world's primary tools for accounting har monization. The results of the decision analysis show that it is more advanta geous for accounting entities to prepare financial statements only in accordance with national accounting regulations. The main reason for the higher utility of this option is lower costs, which is the most important criterion in the deci sion-making process. While accounting entities confirm that the preparation of financial statements in accordance with International Financial Reporting Stand ards provides higher quality and comparability of accounting information, it also provides higher costs. In the article are used methods of analysis, synthesis, comparison and a selected method of multi-criteria decision making
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
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of business economics and management
ISSN
1611-1699
e-ISSN
2029-4433
Volume of the periodical
25
Issue of the periodical within the volume
3
Country of publishing house
LT - LITHUANIA
Number of pages
19
Pages from-to
553-571
UT code for WoS article
001263975400004
EID of the result in the Scopus database
2-s2.0-85199901795