The following information was submitted:
Transactions: WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
Transactions ID Number: 29-549
Full Name: Jiri Strouhal
Position: Senior Lecturer
Age: ON
Sex: Male
Address: University of Economics Prague, Dept. of Fin. Accounting and Auditing, W. Churchill Square 4, 130 67 Prague 3
Country: CZECH REPUBLIC
Tel: +420224095794
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E-mail address: strouhal@vse.cz
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Title of the Paper: Reporting frameworks for financial Instruments in Czech: Czech accounting practices versus International financial reporting standards
Authors as they appear in the Paper: Jiri Strouhal
Email addresses of all the authors: strouhal@vse.cz
Number of paper pages: 10
Abstract: During last decades financial accounting faces the shift of financial reporting paradigms from historical costs accounting towards fair value concept. The most visible item of this change is reporting for financial instruments, particularly for financial derivatives. The research presents the particular approach of the analyzed area, namely identifying the particularities of reporting for financial instruments in correspondence to IFRS, through both theoretical description and empirical analysis, and continuously linking the findings to the actual knowledge stage and theories developed in the field. The results show a high level of similarity between Czech accounting principles and IFRS for reporting of financial instruments.
Keywords: Financial instruments; Financial reporting; IFRS (International financial reporting standards); Czech Republic; Historical costs accounting; Fair value accounting.
EXTENSION of the file: .doc
Special (Invited) Session: Reporting frameworks for financial instruments in Czech: Czech accounting practices versus IFRS
Organizer of the Session: 624-145R
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