International Financial Reporting Standards versus Czech Accounting Standards in financial ratios of Czech companies
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F18%3A39913651" target="_blank" >RIV/00216275:25410/18:39913651 - isvavai.cz</a>
Výsledek na webu
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DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
International Financial Reporting Standards versus Czech Accounting Standards in financial ratios of Czech companies
Popis výsledku v původním jazyce
As a result of globalization, the transfer of ownership to the hands of foreign firms, as a result of acquisitions and mergers, the accounting entity switches to other accounting systems. In the US, the Generally Accepted Accounting Principles accounting standard is used, the International Financial Reporting Standards accounting system is increasingly being promoted in Europe, and the Czech Accounting Standards are the most widely used in the Czech Republic. However, some Czech companies also keep IFRS accounting not only for the purpose of business comparability with other SBUs operating in Europe, but also because it is a necessary condition for entering a company on the stock exchange. Also, the Prague Stock Exchange (BCPP) requires companies with traded securities to disclose their financial statements in the form of financial statements prepared in accordance with IFRS. The aim of this paper is to compare selected indicators of financial analysis and to verify the hypothesis that the chosen accounting system influences the economic performance of the enterprise expressed through financial ratios. For owners, investors and management are the key financial indicators the profitability ratios. The statistical significance of the research has shown that the financial ratios of return on assets and return on capital employed differ according to used accounting standards. On the other hand, return on equity ratios also showed different values, but this difference was statistically confirmed with lower significance level.
Název v anglickém jazyce
International Financial Reporting Standards versus Czech Accounting Standards in financial ratios of Czech companies
Popis výsledku anglicky
As a result of globalization, the transfer of ownership to the hands of foreign firms, as a result of acquisitions and mergers, the accounting entity switches to other accounting systems. In the US, the Generally Accepted Accounting Principles accounting standard is used, the International Financial Reporting Standards accounting system is increasingly being promoted in Europe, and the Czech Accounting Standards are the most widely used in the Czech Republic. However, some Czech companies also keep IFRS accounting not only for the purpose of business comparability with other SBUs operating in Europe, but also because it is a necessary condition for entering a company on the stock exchange. Also, the Prague Stock Exchange (BCPP) requires companies with traded securities to disclose their financial statements in the form of financial statements prepared in accordance with IFRS. The aim of this paper is to compare selected indicators of financial analysis and to verify the hypothesis that the chosen accounting system influences the economic performance of the enterprise expressed through financial ratios. For owners, investors and management are the key financial indicators the profitability ratios. The statistical significance of the research has shown that the financial ratios of return on assets and return on capital employed differ according to used accounting standards. On the other hand, return on equity ratios also showed different values, but this difference was statistically confirmed with lower significance level.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
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OECD FORD obor
50206 - Finance
Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2018
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
SGEM 2018 : conference proceedings. Vol. 5
ISBN
978-619-7408-67-6
ISSN
2367-5659
e-ISSN
neuvedeno
Počet stran výsledku
8
Strana od-do
455-462
Název nakladatele
SGEM
Místo vydání
Sofia
Místo konání akce
Florencie
Datum konání akce
23. 10. 2018
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
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