Challenges and opportunities represented by shift to IFRS in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F10%3A63509872" target="_blank" >RIV/70883521:28120/10:63509872 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Challenges and opportunities represented by shift to IFRS in the Czech Republic

Popis výsledku v původním jazyce

In the Czech Republic usage of International Financial Reporting Standards (IFRS) is limited. Only listed entities are required to prepare its consolidated financial statements in line with IFRS. Other entities if they want to prepare their financial statements under IFRS they have to prepare them in addition to financial statements under CZ GAAP which are mandatory for statutory purposes. Due to this fact and to the fact that Czech Companies do not see the opportunities that IFRS can bring them are IFRS financial statements used very rare (in 2009 it was prepared only by 6 % of Czech Companies). In this paper we focus on the challenges and opportunities represented by shift to IFRS in the Czech Republic and the possible adoption or convergence plans and their impact on the Czech companies.

Název v anglickém jazyce

Challenges and opportunities represented by shift to IFRS in the Czech Republic

Popis výsledku anglicky

In the Czech Republic usage of International Financial Reporting Standards (IFRS) is limited. Only listed entities are required to prepare its consolidated financial statements in line with IFRS. Other entities if they want to prepare their financial statements under IFRS they have to prepare them in addition to financial statements under CZ GAAP which are mandatory for statutory purposes. Due to this fact and to the fact that Czech Companies do not see the opportunities that IFRS can bring them are IFRS financial statements used very rare (in 2009 it was prepared only by 6 % of Czech Companies). In this paper we focus on the challenges and opportunities represented by shift to IFRS in the Czech Republic and the possible adoption or convergence plans and their impact on the Czech companies.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

<a href="/cs/project/GA402%2F09%2F0225" target="_blank" >GA402/09/0225: Užití IAS/IFRS v malých a středních podnicích a vliv na měření jejich výkonnosti</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2010

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the WSEAS International Conference

ISBN

978-960-474-242-4

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

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Název nakladatele

West University of Timisoara

Místo vydání

Timisoara

Místo konání akce

Timisoara

Datum konání akce

1. 1. 2010

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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