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How Do Czech Companies Report Fair Value Measurement Under IFRS 13?

Author

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  • Jan Dvořák

Abstract

Although the IFRS 13 standard has been effective for more than 4 years, there is virtually no practical research on this topic. Therefore, this paper focuses on reporting of fair value measurement under IFRS 13 in the Czech Republic. Firstly, the author identifies and describes the theoretical basis of IFRS 13 with a relevant literature review of the conducted research. Subsequently, the actual empirical research is presented on a sample of companies from the Czech Republic. The author reaches a conclusion that in some cases, companies in the Czech Republic fail to report compulsory information, as required by the IFRS 13 standard. Moreover, the empirical research has revealed that the proportion of the fair value measurement within fair value hierarchy is approximately one third for each of the three levels, and it does not change over time.

Suggested Citation

  • Jan Dvořák, 2017. "How Do Czech Companies Report Fair Value Measurement Under IFRS 13?," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2017(3), pages 117-127.
    • Handle: RePEc:prg:jnlefa:v:2017:y:2017:i:3:id:191:p:117-128
    DOI: 10.18267/j.efaj.191
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    References listed on IDEAS

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    1. John A. Enahoro & Jumoke Jayeoba, 2013. "Value Measurement and Disclosures in Fair Value Accounting," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(9), pages 1170-1179, September.
    2. Edward J. Riedl & George Serafeim, 2011. "Information Risk and Fair Values: An Examination of Equity Betas," Journal of Accounting Research, Wiley Blackwell, vol. 49(4), pages 1083-1122, September.
    3. John A Enahoro & Jumoke Jayeoba, 2013. "Value Measurement and Disclosures in Fair Value Accounting," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(9), pages 1170-1179.
    4. David Čevela, 2016. "Quality of Information Disclosed in Annual Reports of Listed Companies in the Czech Republic," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2016(2), pages 21-36.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    IFRS 13; Fair value; International accounting standards;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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