Comparative Analysis of the National Accounting Standards of the Czech Republic and Lithuania

Artikel

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: 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

Klassifikation und Themen

• Klassifikation: Management ; Accounting
• Thema: Financial reporting ; European Union ; International Financial Reporting Standards ; Czech GAAP ; Lithuanian Business Accounting Standards (LBAS)

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Mackevicius, Jonas ; Strouhal, Jiří ; Zverovich, Svetlana
• Ereignis: Veröffentlichung
• (wer): University of Economics, Faculty of Finance and Accounting
• (wo): Prague
• (wann): 2008

Weitere Informationen

• DOI: doi:10.18267/j.efaj.88
• Handle: http://hdl.handle.net/10419/109814
• Letzte Aktualisierung: 2025-03-10T11:41:33+0100