IFRS and regulation of accountancy in the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

IFRS and regulation of accountancy in the Czech Republic

Popis výsledku v původním jazyce

Since the 2005 the firms listed on the regulated capital markets in the EU are required to prepare their financial statements in accordance with the IFRS. The adoption of IFRS was intended to improve the accounting information quality, to ensure greatercomparability and transparency of financial reporting, to reduce information asymmetry, and to improve the quality of information for its users. Despite of these positive expectations, the implementation of IFRS into Czech accounting legislation and itspractical use in terms of Czech companies is very low and slow. The causes of this fact can be seen on many levels. The aim of this article is to discuss the form of IFRS implementation into the Czech accounting system and the main reasons of the lack ofinterest in IFRS with a special attention to the area of SMEs.

Název v anglickém jazyce

IFRS and regulation of accountancy in the Czech Republic

Popis výsledku anglicky

Since the 2005 the firms listed on the regulated capital markets in the EU are required to prepare their financial statements in accordance with the IFRS. The adoption of IFRS was intended to improve the accounting information quality, to ensure greatercomparability and transparency of financial reporting, to reduce information asymmetry, and to improve the quality of information for its users. Despite of these positive expectations, the implementation of IFRS into Czech accounting legislation and itspractical use in terms of Czech companies is very low and slow. The causes of this fact can be seen on many levels. The aim of this article is to discuss the form of IFRS implementation into the Czech accounting system and the main reasons of the lack ofinterest in IFRS with a special attention to the area of SMEs.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Financial markets within the globalization of world economy

ISBN

978-80-7408-124-8

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

140-150

Název nakladatele

Vysoká škola finanční a správní

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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