Český finanční a účetní časopis 2006(1):84-98 | DOI: 10.18267/j.cfuc.128
Possibilities and Risks of the Translation of the Czech Financial Statements to IFRS by Accounting Information Systems
- Ing. Ladislav Mejzlík, Ph.D. - vedoucí katedry, odborný asistent; Katedra finančního účetnictví, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <lmejzlik@vse.cz>.
Article focuses on issues of the IFRS implementation into the Czech accounting and tax legislation. Main topic is possibilities and risks of the conversion methods used for translation of the financial statements based on Czech Accounting Standards (CAS) to financial statements which follow the IFRS by accounting information systems. At the end of the article are mentioned the main requirements differences between Czech Accounting Standards (CAS) and IFRS. Conclusions of the article summarize the IFRS implementation impact on performance reporting, financial position and management of the company generally.
Keywords: IFRS implementation, translation of the financial statements, accounting information systems.
JEL classification: M41
Published: March 1, 2006 Show citation
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