Jirí Strouhal () Petra Ždárská () (Department of Financial Accounting and Auditing, Faculty of Finance and Accounting, University of Economics, Prague)
Abstract
The globalization and the expansion of markets, as well as the general progress in the technolo-gies available have brought new problems to the compilation of financial reports and to the ascertainment of trading income of supranational corporations and groups in accordance with statu-tory regulations of countries involved. From the year 2005 should public listed companies in the Czech Republic report under IFRS framework, while the non-listed companies still report under Czech accounting principles. This duality may lead to discrepancies with respect to the identification of free cash flow, which is considered the basic information required for the income-based business valua-tion. The subsequent text therefore deals with the basic difference in the identification and valuation of assets and liabilities in listed companies (which report under IFRS) and nonlisted companies (which report under Czech regulations).
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Volume (Year): 55 (2008) Issue (Month): (November) Pages: 143-153 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF