Commenced in January 2007
Paper Count: 30184
IFRS for SMEs: Challenge for Emerging Countries? Case of Czech Republic and Ukraine
Abstract: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.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1062948Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1629
 S. Aisbitt, "Measurement of Harmony of Financial Reporting within and between Countries: The Case of the Nordic Countries," European Accounting Review, vol. 10, no. 1, pp. 22-51, 2001.
 H. Ashbaugh, "Non-U.S. Firms- Accounting Standards Choices," Journal of Accounting and Public Policy, vol. 20, no. 2, pp. 129-153, 2001.
 E. Emenyonu, S. Gray, "International Accounting Harmonisation and the Major Developed Stock Market Countries: An Empirical Study," International Journal of Accounting, vol. 31, no. 3, pp. 269-280, 1996.
 D. Herrmann, W. Thomas, "Harmonisation of Accounting Measurement Practices in the European Community," Accounting and Business Research, vol. 25, no. 100, pp. 253-265, 1995.
 Jermakowicz, Gornik-Tomasevski, "Implementing IFRS from the perspective of EU publicly traded companies", Journal of Accounting, Auditing and Taxation, vol. 15, pp. 170-196, 2006.
 C. Leuz, "IAS versus US GAAP: Information Asymmetry-Based Evidence from Germany-s New Market," Journal of Accounting Research, vol. 41, no. 3, pp. 445-472, 2003.
 J. Strouhal, L. Mullerova, Z. Cardova, M. Pasekova, "National and International Financial Reporting Rules: Testing the Compatibility of Czech Reporting from SMEs Perspective," WSEAS Transactions on Business and Economics, vol. 9, no. 4, pp. 432-441, 2009.