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APPLICABILITY OF IFRS FOR SMES IN THE CZECH REPUBLIC

Economics and Management

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Title APPLICABILITY OF IFRS FOR SMES IN THE CZECH REPUBLIC
 
Creator Strouhal, Jiří; University of Economics Prague
 
Subject IFRS; implementation; financial reporting; SMEs; Czech Republic
 
Description Paper is focused on problems associated with the implementation of IFRS for SMEs in the Czech Republic. There are discussed results of the research done on the base of structural interviews with the representatives of accounting profession (preparer, auditor, user, professional chamber and accounting regulator). Interviewees believe that the major costs of a possible application of the IFRS for SMEs will be additional costs connected to the preparation of second financial statements based on Czech accounting regulation due to the tax purposes. Interviewees are convinced that the major benefit of the adoption of the IFRS for SMEs would be the unification of accounting methods and principles which will lead towards higher comparability of accounting information. Possible application of the IFRS for SMEs might be considered as an opportunity to change the strong linkage of accounting and tax system in the Czech Republic.DOI: http://dx.doi.org/10.5755/j01.em.17.2.2166
 
Publisher Kaunas University of Technology
 
Contributor —
 
Date 2012-08-17
 
Type —
—
 
Format application/pdf
 
Identifier http://www.eejournal.ktu.lt/index.php/Ekv/article/view/2166
10.5755/j01.em.17.2.2166
 
Source ECONOMICS AND MANAGEMENT; Vol 17, No 2 (2012); 452-458
EKONOMIKA IR VADYBA; Vol 17, No 2 (2012); 452-458
 
Language en
 
Rights Autorių teisės yra apibrėžtos Lietuvos Respublikos autorių teisių ir gretutinių teisių įstatymo 4-37 straipsniuose.
Copyright terms are indicated in the Republic of Lithuania Law on Copyright and Related Rights, Articles 4-37.