Changing Implementation of IFRS in Czech SMEs: Longitudinal Study

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25940082%3A_____%2F17%3AN0000006" target="_blank" >RIV/25940082:_____/17:N0000006 - isvavai.cz</a>

Výsledek na webu

<a href="https://msed.vse.cz/msed_2017/article/56-Jindrichovska-Irena-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2017/article/56-Jindrichovska-Irena-paper.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Changing Implementation of IFRS in Czech SMEs: Longitudinal Study

Popis výsledku v původním jazyce

An increasing number of Czech SMEs are using the IFRS standards for reporting purposes. Their most frequently cited motivation is the requirement of foreign parent firms to use the IFRS for consolidation purposes. It would seem that the Czech companies could simply follow the way, however, the situation is not so straight forward. This study examines the macroeconomic context and related legal and institutional issues of the IFRS implementation as rooted in the Central European institutional background. Based on a questionnaire survey conducted periodically four times over six years, we attempt to identify the effects of IFRS adoption connected with the SMEs context. The paper finds that, even though the pressure to use the IFRS is rising, important institutional factors and constraints on the side of the users, in terms of a lack of perceived benefits complicate the way of IFRS usage for the majority of Czech SMEs. Also, the preparedness of accounting professionals is quite low, as well as the benefits attributed to the IFRS adoption bySMEs'executives. Furthermore, the Ministry of Finance only gradually adapts to special features of the Czech environment and only recently makes the transition to IFRS less strictly regulated.

Název v anglickém jazyce

Changing Implementation of IFRS in Czech SMEs: Longitudinal Study

Popis výsledku anglicky

An increasing number of Czech SMEs are using the IFRS standards for reporting purposes. Their most frequently cited motivation is the requirement of foreign parent firms to use the IFRS for consolidation purposes. It would seem that the Czech companies could simply follow the way, however, the situation is not so straight forward. This study examines the macroeconomic context and related legal and institutional issues of the IFRS implementation as rooted in the Central European institutional background. Based on a questionnaire survey conducted periodically four times over six years, we attempt to identify the effects of IFRS adoption connected with the SMEs context. The paper finds that, even though the pressure to use the IFRS is rising, important institutional factors and constraints on the side of the users, in terms of a lack of perceived benefits complicate the way of IFRS usage for the majority of Czech SMEs. Also, the preparedness of accounting professionals is quite low, as well as the benefits attributed to the IFRS adoption bySMEs'executives. Furthermore, the Ministry of Finance only gradually adapts to special features of the Czech environment and only recently makes the transition to IFRS less strictly regulated.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

The 11th International Days of Statistics and Economics: Conference Proceedings

ISBN

978-80-87990-12-4

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

615-624

Název nakladatele

Melandrium

Místo vydání

Slaný

Místo konání akce

Praha

Datum konání akce

14. 9. 2017

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000455325300061