Accounting according to The Czech Legislation or IFRS? Czechia Case Study

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F24%3A10255065" target="_blank" >RIV/61989100:27510/24:10255065 - isvavai.cz</a>

Výsledek na webu

<a href="https://journals.vilniustech.lt/index.php/JBEM/article/view/21531" target="_blank" >https://journals.vilniustech.lt/index.php/JBEM/article/view/21531</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3846/jbem.2024.21531" target="_blank" >10.3846/jbem.2024.21531</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Accounting according to The Czech Legislation or IFRS? Czechia Case Study

Popis výsledku v původním jazyce

The article deals with the decision-making situation whether it is more advantageous for accounting entities in Czechia to keep accounting according to Czech accounting regulations or to International Financial Reporting Stand ards. The preparation of financial statements only in accordance with national accounting regulations may often not be sufficient. Different ways of regulating accounting in the world put pressure on accounting harmonization. International Financial Reporting Standards are the world&apos;s primary tools for accounting har monization. The results of the decision analysis show that it is more advanta geous for accounting entities to prepare financial statements only in accordance with national accounting regulations. The main reason for the higher utility of this option is lower costs, which is the most important criterion in the deci sion-making process. While accounting entities confirm that the preparation of financial statements in accordance with International Financial Reporting Stand ards provides higher quality and comparability of accounting information, it also provides higher costs. In the article are used methods of analysis, synthesis, comparison and a selected method of multi-criteria decision making

Název v anglickém jazyce

Accounting according to The Czech Legislation or IFRS? Czechia Case Study

Popis výsledku anglicky

The article deals with the decision-making situation whether it is more advantageous for accounting entities in Czechia to keep accounting according to Czech accounting regulations or to International Financial Reporting Stand ards. The preparation of financial statements only in accordance with national accounting regulations may often not be sufficient. Different ways of regulating accounting in the world put pressure on accounting harmonization. International Financial Reporting Standards are the world&apos;s primary tools for accounting har monization. The results of the decision analysis show that it is more advanta geous for accounting entities to prepare financial statements only in accordance with national accounting regulations. The main reason for the higher utility of this option is lower costs, which is the most important criterion in the deci sion-making process. While accounting entities confirm that the preparation of financial statements in accordance with International Financial Reporting Stand ards provides higher quality and comparability of accounting information, it also provides higher costs. In the article are used methods of analysis, synthesis, comparison and a selected method of multi-criteria decision making

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

2024

Kód důvěrnosti údajů

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

Název periodika

Journal of business economics and management

ISSN

1611-1699

e-ISSN

2029-4433

Svazek periodika

25

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

19

Strana od-do

553-571

Kód UT WoS článku

001263975400004

EID výsledku v databázi Scopus

2-s2.0-85199901795