THE EMPIRICAL STUDY OF THE SMES POSITION IN THE PROCESS OF IFRS FOR SME APPLICATION IN THE CZECH REPUBLIC

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F08%3A00124073" target="_blank" >RIV/62156489:43110/08:00124073 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

čeština

Original language name

The empirical study of the smes position in the process of ifrs for sme application in the czech republic

Original language description

Republic there is negative relation between the size of the enterprise and the amount of compliance costs of taxation and also that those micro enterprises in the Czech Republic are less involved in cross-border activities in comparison with the small and medium enterprises. In that connection, the paper discusses the possibility of introduction of IFRS for SME in the Czech enterprises. Based on the results of empirical research some problems could arise with IFRS for SME application. The main problem seems to be the suitability of IFRS for all types of SMEs (the typical enterprise, which IFRS for SME are intended for, is the enterprise with approximately 50 employees). Based on the questionnaires, respondents are highly interested in the costs and gains of IFRS for SME application. The first application of IFRS for SME in the Czech SME will be costly and time demanding, because of the different philosophy, principles and methodology of recording used in IFSR for SME. The gains should

Czech name

The empirical study of the smes position in the process of ifrs for sme application in the czech republic

Czech description

Republic there is negative relation between the size of the enterprise and the amount of compliance costs of taxation and also that those micro enterprises in the Czech Republic are less involved in cross-border activities in comparison with the small and medium enterprises. In that connection, the paper discusses the possibility of introduction of IFRS for SME in the Czech enterprises. Based on the results of empirical research some problems could arise with IFRS for SME application. The main problem seems to be the suitability of IFRS for all types of SMEs (the typical enterprise, which IFRS for SME are intended for, is the enterprise with approximately 50 employees). Based on the questionnaires, respondents are highly interested in the costs and gains of IFRS for SME application. The first application of IFRS for SME in the Czech SME will be costly and time demanding, because of the different philosophy, principles and methodology of recording used in IFSR for SME. The gains should

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GA402%2F07%2F0547" target="_blank" >GA402/07/0547: The Impact of Financial Reporting Harmonization for Small and Medium-sized Enterprises in Relation to the Income Tax Base Construction</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2008

Confidentiality

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

Name of the periodical

Ekonomika ir vadyba

ISSN

1822-6515

e-ISSN

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Volume of the periodical

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Issue of the periodical within the volume

1

Country of publishing house

LT - LITHUANIA

Number of pages

6

Pages from-to

157-162

UT code for WoS article

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EID of the result in the Scopus database

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