%0 Journal Article %A M. Paseková and L. Müllerová and J. Strouhal and L. Chyzhevska %D 2010 %J International Journal of Economics and Management Engineering %B World Academy of Science, Engineering and Technology %I Open Science Index 42, 2010 %T IFRS for SMEs: Challenge for Emerging Countries? Case of Czech Republic and Ukraine %U https://publications.waset.org/pdf/6455 %V 42 %X Increase in globalization of capital markets brings the higher requirements on financial information provided for investors who look for a highly comparable information. Paper deals with the advantages and limitations of applying International Financial Reporting Standards (IFRS) in the Czech Republic and Ukraine. As a greatest limit for full adoption of IFRS shall be acknowledged the strong connection of continental accounting to tax system and enormous high administrative burden for IFRS appliers. %P 1410 - 1413