Český finanční a účetní časopis 2019(4):5-14 | DOI: 10.18267/j.cfuc.536

How Czech companies comply with the disclosure requirements of IAS 36

Pavel Huňáček
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra financí a oceňování podniku

This paper focuses on disclosure requirements relating to international accounting standard IAS 36 Impairment of assets. The focus of the analysis is, except mandatory disclosure, also on its potential impacts on market liquidity and investment decisions especially of smaller investors. The data analyzed in areas relating to information about impairment of goodwill, property, plant and equipment and investments in subsidiaries belongs to publicly traded companies on the Prague Stock Exchange from 2015-2017. The results of the investigation confirmed the continuation of historically found non-compliance with information obligations and identified this deficiency as one of the causes of the underdeveloped securities market.

Keywords: IAS 36; Impairment of Assets; Prague stock market
JEL classification: M41

Accepted: February 10, 2020; Prepublished online: February 10, 2020; Published: January 1, 2020  Show citation

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Huňáček, P. (2019). How Czech companies comply with the disclosure requirements of IAS 36. Czech Financial and Accounting Journal, 2019(4), 5-14. doi: 10.18267/j.cfuc.536
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