Adoption of IFRS/IAS impacting the companies
Abstract
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.
Keywords
Accounting, Convergence, Corporate Governance, Financial Reporting, GAAP, IFRS/IAS, International AccountingPersistent identifier
http://hdl.handle.net/11012/19995Document type
Peer reviewedDocument version
Final PDFSource
Trendy ekonomiky a managementu. 2008, II, č. 3, s. 27-33. ISSN 1802-8527.http://www.fbm.vutbr.cz/cs/fakulta/vedecky-casopis/aktualni-cislo/539-cislo3
Collections
- Číslo 03, ročník II [12]