JINDŘICHOVSKÁ, Irena and Dana KUBÍČKOVÁ. Economic and Political Implications of IFRS Adoption in the Czech Republic. In Uchenna, Nnadi, Tanna, Iyoha. Econpomic and Political Implicaitons of International Financial Reporting Standards. 1st ed. Hershey, PA: IGI Global, 2016, p. 105-133. Economics and Political Implications of International Financial Reporting Standards. ISBN 978-1-4666-9876-5.
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Basic information
Original name Economic and Political Implications of IFRS Adoption in the Czech Republic
Name in Czech Economic and Political Implications of IFRS Adoption in the Czech Republic
Authors JINDŘICHOVSKÁ, Irena (203 Czech Republic, guarantor, belonging to the institution) and Dana KUBÍČKOVÁ (203 Czech Republic).
Edition 1. vyd. Hershey, PA, Econpomic and Political Implicaitons of International Financial Reporting Standards, p. 105-133, 29 pp. Economics and Political Implications of International Financial Reporting Standards, 2016.
Publisher IGI Global
Other information
Original language English
Type of outcome Chapter(s) of a specialized book
Field of Study 50600 5.6 Political science
Country of publisher United States of America
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
Organization unit University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
ISBN 978-1-4666-9876-5
Keywords (in Czech) IFRS
Keywords in English IFRS adoption; international operations; FDI; institutional factors;
Changed by Changed by: doc. Ing. Irena Jindřichovská, CSc., učo 16171. Changed: 16/5/2016 14:17.
Abstract
This chapter analyses the political and economic impact of IFRS adoption in the Czech Republic. It contributes to the current understanding of IFRS adoption from the perspective of small European transitional market, where local accounting standards were previously well developed and still play a major role in financial reporting mainly, however for local taxation puroses. Although there has been an observable increase in country's export, FDI and international trade since the beginning of 1990s, the direct impact IFRS is difficult to discern, because of many political and institutional changes that have taken place concurrently. However, it is clear can be stated that adoption of IFRS gas contributed to greater cultivation of economic environment and fscilitated international operations. The IFRS adoption is highly prevalent but it is gradually increasing. This is apparent mainly in Czech companies with foreign parents that are in anz event required to report in IFRS.
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