Approach to Valuation of Assets in Czech Accounting, Comparison to IFRS and Impacts on Controlling ...

@inproceedings{4335,
   author = {Dlasková, Gabriela and Havlíček, Karel},
   address = {Linz, Austria},
   booktitle = {21st Interdisciplinary Information Management Talks (IDIMT)},
   editor = {Douček, P., Chroust G., Oškrdal, V (eds).},
   keywords = {The International Financial Reporting Standards (IFRS); Czech accounting standards; accounting standards harmonization; process model of company management; controlling; SMEs (Small and medium sized enterprises)},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Linz, Austria},
   isbn = {978-3-99033-083-8},
   note = {AR 2016/2017 - odesláno do RIV. (duben 2017)},
   pages = {343-350},
   publisher = {Johannes Kepler Universität},
   title = {Approach to Valuation of Assets in Czech Accounting, Comparison to IFRS and Impacts on Controlling Process of SME´s.},
   year = {2013}
}

TY  - JOUR
ID  - 4335
AU  - Dlasková, Gabriela - Havlíček, Karel
PY  - 2013
TI  - Approach to Valuation of Assets in Czech Accounting, Comparison to IFRS and Impacts on Controlling Process of SME´s.
PB  - Johannes Kepler Universität
CY  - Linz, Austria
SN  - 9783990330838
N1  - AR 2016/2017 - odesláno do RIV. (duben 2017)
KW  - The International Financial Reporting Standards (IFRS)
KW  - Czech accounting standards
KW  - accounting standards harmonization
KW  - process model of company management
KW  - controlling
KW  - SMEs (Small and medium sized enterprises)
N2  - The International harmonisation strategy in the area of accounting legislation in member states of the European Union. Trust in financial markets plays a significant role in the decision making of all entities involved, and accounting should provide reliable data, which are a basis for such decision making. The current valid legislation in the Czech Republic requires that those accounting units that issue securities registered at the regulated security market in the member states of the European Union apply the set of the IFRS standards. Thus, the obligation to report in such a way only applies to the above-mentioned companies. In spite of this fact the number of companies that compile their financial statements in compliance with the IFRS voluntarily is increasing. Due to this so-called double reporting there are differences between the financial statements prepared in compliance with the IFRS and those prepared in compliance with the Czech accounting legislation. Showing of assets and liabilities and their valuation that are used in a different way in the IFRS, this all brings a completely different picture of a company. A consequence of this may be a different asset structure, structure of liabilities and financial situation, as well as the fair market value of a company, which may appear to be very different taking these two points of view.
ER  - 

DLASKOVÁ, Gabriela a Karel HAVLÍČEK. Approach to Valuation of Assets in Czech Accounting, Comparison to IFRS and Impacts on Controlling Process of SME´s. In Douček, P., Chroust G., Oškrdal, V (eds). \textit{21st Interdisciplinary Information Management Talks (IDIMT)}. Linz, Austria: Johannes Kepler Universität. s.~343-350. ISBN~978-3-99033-083-8. 2013.