How International Financial Reporting Standards (IFRS) Improve the Financing of SME's in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43912835" target="_blank" >RIV/62156489:43110/16:43912835 - isvavai.cz</a>
Result on the web
<a href="http://www.ijeba.com/documents/papers/2016_IV_3_3.pdf" target="_blank" >http://www.ijeba.com/documents/papers/2016_IV_3_3.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
How International Financial Reporting Standards (IFRS) Improve the Financing of SME's in the Czech Republic
Original language description
The accountancy management inline with the IFRS provides quality and trustworthy information for financial statement users and provides the comparison with similar companies at international level. The importance of creating the closing financial statements inline with the IFRS grows with the development of cross-border trade, cooperation and competition within the business environment where the prevailing economical element are the small and medium sized enterprises (SME). The support of SME and their bussiness activities at the national and international market is the target of national politics and politics of the EU. To help the international comparison the IFRS for SME and many other programs were created to support the SME funding within the EU. The Czech Republic doesn't allow to assemble and public the closing financial statement inline with the IFRS. The access to the funds is therefore complicated, the economic indicators show different values when assembling the closing financial statement inline with the IFRS or inline with Czech accounting standards (CAS). The seven SMEs out of different bussiness sectors focusing on cross-border trade are illustrative of the current situation in the Czech Republic.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
International Journal of Economics and Business Administration
ISSN
2241-4754
e-ISSN
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Volume of the periodical
4
Issue of the periodical within the volume
3
Country of publishing house
GR - GREECE
Number of pages
11
Pages from-to
36-46
UT code for WoS article
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EID of the result in the Scopus database
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