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IFRS vs. CAL: summary of practical knowledge and identification of research questions

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  • Kristýna Havlová

Abstract

In 2004, the Czech Republic entered into the European Union. This brought the obligation to implement International Financial Reporting Standards to the Accounting Act. The implementation does not mean mandatory use of IFRS for individual financial statements, however, it enables it. This fact brings a different presentation of accounting items which subsequently can result in a different financial indicators value. The paper theoretically presents financial reporting (International Financial Reporting Standards and Czech accounting legislation), identifies the impact on financial indicators, summarizes the current practical knowledge in this area and specifies related research questions.

Suggested Citation

  • Kristýna Havlová, 2016. "IFRS vs. CAL: summary of practical knowledge and identification of research questions," Ekonomika a Management, Prague University of Economics and Business, vol. 2016(2).
    • Handle: RePEc:prg:jnleam:v:2016:y:2016:i:2:id:272
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    finanční ukazatele; Financial indicators; Czech accounting legislation; IFRS; Differences in accounting systems; Research questions; Česká účetní legislativa; IFRS; Rozdíly účetních systémů; Výzkumné otázky;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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