The Current Problems of Harmonization of Accounting for Small and Medium-sized Enterprises

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00108915" target="_blank" >RIV/00216224:14560/19:00108915 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.tandfonline.com/doi/full/10.1080/1331677X.2018.1561317" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/1331677X.2018.1561317</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/1331677X.2018.1561317" target="_blank" >10.1080/1331677X.2018.1561317</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Current Problems of Harmonization of Accounting for Small and Medium-sized Enterprises

Popis výsledku v původním jazyce

Financial statements provide significant information about thefinancial position and performance of an enterprise. In the globalworld, it is necessary that the information is comparable at theinternational level. This requirement poses a problem for smalland medium-sized enterprises as they do their reporting in com-pliance with the national legislations, which are based onDirective 2013/34/EU in the EU member states. No application ofthe Directive in national legislations guarantees the harmonisationof financial statements. Another direction in harmonisation is theIFRS for Small and Medium-sized Entities (SMEs) which the EU hasnot acknowledged as a basis for financial statement creationalthough its significance is not negligible globally–around 80jurisdictions use it or allow its use currently. The paper aims toanalyse the current state of harmonisation of financial statementsof small and medium-sized enterprises. Based on the identifica-tion of essential differences between the national legislation andthe Standard, it attempts to answer the question whether (andhow) the financial position and performance of an enterprise willchange if the accounting framework changes, i.e., in the case oftransfer from reporting based on national legislations to reportingbased on the Standard.

Název v anglickém jazyce

The Current Problems of Harmonization of Accounting for Small and Medium-sized Enterprises

Popis výsledku anglicky

Financial statements provide significant information about thefinancial position and performance of an enterprise. In the globalworld, it is necessary that the information is comparable at theinternational level. This requirement poses a problem for smalland medium-sized enterprises as they do their reporting in com-pliance with the national legislations, which are based onDirective 2013/34/EU in the EU member states. No application ofthe Directive in national legislations guarantees the harmonisationof financial statements. Another direction in harmonisation is theIFRS for Small and Medium-sized Entities (SMEs) which the EU hasnot acknowledged as a basis for financial statement creationalthough its significance is not negligible globally–around 80jurisdictions use it or allow its use currently. The paper aims toanalyse the current state of harmonisation of financial statementsof small and medium-sized enterprises. Based on the identifica-tion of essential differences between the national legislation andthe Standard, it attempts to answer the question whether (andhow) the financial position and performance of an enterprise willchange if the accounting framework changes, i.e., in the case oftransfer from reporting based on national legislations to reportingbased on the Standard.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50205 - Accounting

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

Economic Research-Ekonomska Istraživanja

ISSN

1331-677X

e-ISSN

—

Svazek periodika

32

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

18

Strana od-do

604-621

Kód UT WoS článku

000464184700005

EID výsledku v databázi Scopus

2-s2.0-85064259114