Adoption of IFRS/IAS impacting the companies
MetadataShow full item record
Last years have ushered in some great changes in the financial reporting. Those changes are mostly a reaction to cases of Enron, WorldCom, and the others. The article is based on the author’s secondary research on current and possible future impacts of the IFRS/IAS on companies. Application of the IFRS/IAS on financial statements preparation in companies is concurrent to use of national GAAP in some countries. The example of Czech Republic is quite typical in such a point of view. It is obvious that impacts of the IFRS/IAS implementation in firms are grater in these countries.
KeywordsAccounting, Convergence, Corporate Governance, Financial Reporting, GAAP, IFRS/IAS, International Accounting
Document typePeer reviewed
Document versionFinal PDF
SourceTrendy ekonomiky a managementu. 2008, II, č. 3, s. 27-33. ISSN 1802-8527.
- Číslo 03, ročník II