Digitální knihovnaUPCE
 

International Financial Reporting Standards versus Czech Accounting Standards in financial ratios of Czech companies

Konferenční objektOmezený přístuppeer-reviewedpostprint
Náhled

Datum publikování

2018

Vedoucí práce

Oponent

Název časopisu

Název svazku

Vydavatel

SGEM

Abstrakt

As a result of globalization, the transfer of ownership to the hands of foreign firms, as a result of acquisitions and mergers, the accounting entity switches to other accounting systems. In the US, the Generally Accepted Accounting Principles accounting standard is used, the International Financial Reporting Standards accounting system is increasingly being promoted in Europe, and the Czech Accounting Standards are the most widely used in the Czech Republic. However, some Czech companies also keep IFRS accounting not only for the purpose of business comparability with other SBUs operating in Europe, but also because it is a necessary condition for entering a company on the stock exchange. Also, the Prague Stock Exchange (BCPP) requires companies with traded securities to disclose their financial statements in the form of financial statements prepared in accordance with IFRS. The aim of this paper is to compare selected indicators of financial analysis and to verify the hypothesis that the chosen accounting system influences the economic performance of the enterprise expressed through financial ratios. For owners, investors and management are the key financial indicators the profitability ratios. The statistical significance of the research has shown that the financial ratios of return on assets and return on capital employed differ according to used accounting standards. On the other hand, return on equity ratios also showed different values, but this difference was statistically confirmed with lower significance level.

Rozsah stran

p. 455-462

ISSN

2367-5659

Trvalý odkaz na tento záznam

Projekt

SGS_2018_013/Zdroje, dostupnost, kvalita, stabilita a možnosti zpracování informací pro rozhodování finančního managementu v třetím tisíciletí

Zdrojový dokument

SGEM 2018 : conference proceedings. Vol. 5

Vydavatelská verze

Přístup k e-verzi

pouze v rámci univerzity

Název akce

SGEM Florence Social Sciences and Arts Conference (23.10.2018 - 26.10.2018, Florencie)

ISBN

978-619-7408-67-6

Studijní obor

Studijní program

Signatura tištěné verze

Umístění tištěné verze

Přístup k tištěné verzi

Klíčová slova

IFRS, CAS, financial analysis, profitability, IFRS, ČÚS, finanční analýza, rentabilita

Endorsement

Review

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