Artikel
Comparative Analysis of the National Accounting Standards of the Czech Republic and Lithuania
The European Union (EU) Regulation 1606/2002 requires all listed companies of the member states to prepare consolidated financial statements based on the International Financial Reporting Standards (IFRS) for accounting periods beginning on or after 1 January 2005. The adoption of IFRS is supported in many countries inside and outside the European Union because it may improve the quality and comparability of financial reporting. In addition to the use of IFRS by listed companies and in some countries also by unlisted companies, many countries have developed their own national accounting standards based on the international ones. Although the national standards are based on IFRS, they are not identical. The Czech Republic and Lithuania are transitional economies that joined the European Union in May 2004. The purpose of the paper is to compare national accounting standards of the Czech Republic and Lithuania with IFRS, look at approaches of these countries to aspects of financial reporting, and analyze differences and similarities in the approaches.
- Language
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Englisch
- Bibliographic citation
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Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 3 ; Year: 2008 ; Issue: 4 ; Pages: 22-44 ; Prague: University of Economics, Faculty of Finance and Accounting
- Classification
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Management
Accounting
- Subject
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Financial reporting
European Union
International Financial Reporting Standards
Czech GAAP
Lithuanian Business Accounting Standards (LBAS)
- Event
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Geistige Schöpfung
- (who)
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Mackevicius, Jonas
Strouhal, Jiří
Zverovich, Svetlana
- Event
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Veröffentlichung
- (who)
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University of Economics, Faculty of Finance and Accounting
- (where)
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Prague
- (when)
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2008
- DOI
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doi:10.18267/j.efaj.88
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Mackevicius, Jonas
- Strouhal, Jiří
- Zverovich, Svetlana
- University of Economics, Faculty of Finance and Accounting
Time of origin
- 2008
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Accounting Interpretation of Cross-border Mergers in the Czech Republic Based on Czech Accounting Standards
Water resources management in the Czech Republic, Hungary, Lithuania, Slovenia
The management accounting practices in healthcare: The case of Czech Republic hospitals
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Ruthenica Bohemica : Ruthenian translations from Czech in the Grand Duchy of Lithuania and Poland
The unintended consequences of accounting harmonization in a transition country: A case study of management accounting of private Czech companies
Modern accounting specialist in new economic reality: Cases of Lithuania and Latvia
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Is the Future of Accounting Compatible with the Accounting of the Future?
Adjustments to Accounting Profit in Determination of the Income Tax Base: Evolution in the Czech Republic
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