Český finanční a účetní časopis 2009(3):73-77 | DOI: 10.18267/j.cfuc.39
Impact of EC Directive on Disclosure of Accounting Information for Small and Medium-Sized Companies
- Doc. Ing. Marcela Žárová, CSc. - docentka; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, Česká republika; <zarova@vse.cz>.
The objective of the Directive issued on June 18, 2009 is to reduce administrative burdens relating to certain disclosure requirements imposed on medium-sized companies and obligation to draw up consolidated financial statement for certain companies within the Community. Small and medium-sized companies are often subject to the same rules as larger companies, but their specific accounting needs have rarely been assessed. Extensive reporting rules create a financial burden and can decrease the use of capital for productive purposes. There is also need to clarify the relationship between the accounting rules for consolidation required by Directive 83/349/EEC and IFRS.
Keywords: EC Directive; International Financial Reporting Standards; Administrative burdens.
JEL classification: M41
Published: October 1, 2009 Show citation
References
- Žárová, M. (2006): Regulace evropského účetnictví. Praha, Oeconomica, 2006.
Go to original source... - Žárová, M. (2003): Zásadní změna regulace evropského účetnictví. Praha, Účetnictví, 2003, roč. 50, č. 12, s. 90-96.
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