TBU Publications
Repository of TBU Publications

The consequences of "options" in the directive 2013/34/EU of the European parliament and of the council on the financial statements

DSpace Repository

Show simple item record


dc.title The consequences of "options" in the directive 2013/34/EU of the European parliament and of the council on the financial statements en
dc.contributor.author Hýblová, Eva
dc.contributor.author Kolčavová, Alena
dc.relation.ispartof Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
dc.identifier.issn 1211-8516 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 65
utb.relation.issue 4
dc.citation.spage 1349
dc.citation.epage 1357
dc.type article
dc.language.iso en
dc.publisher Mendel University of Agriculture and Forestry Brno
dc.identifier.doi 10.11118/actaun201765041349
dc.relation.uri https://acta.mendelu.cz/65/4/1349/
dc.subject Accounting en
dc.subject Directive en
dc.subject Financial statements en
dc.subject Harmonization of accounting en
dc.subject Information en
dc.description.abstract Directive 13/34/EC of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings is an instrument of the harmonisation of accounting in member states of the European Union. The Directive contains a number of various ways for recognition and measurement of financial statements, alternative forms of statements or simplifications for small and medium sized enterprises, worded as "permit or require". On the one hand, these differing ways can facilitate application of the Directive in national legislations; on the other hand, they can significantly reduce the comparability of information published in financial statements. The aim of the paper is to verify the relation between the options to be chosen and the variability of the resulting values of the financial statement items. Based on the findings, the results are evaluated in relation to the informative function of financial reporting. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007488
utb.identifier.obdid 43876609
utb.identifier.scopus 2-s2.0-85028872448
utb.source j-scopus
dc.date.accessioned 2017-10-16T14:43:38Z
dc.date.available 2017-10-16T14:43:38Z
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Kolčavová, Alena
utb.fulltext.affiliation Eva Hýblová 1 , Alena Kolčavová 2 1 Masaryk University, Faculty of Economics and Administration, Department of Finance, Lipová 41a, Brno, Czech Republic 2 Thomas Bata University in Zlín, Faculty of Management and Economics, Department of Statistic and Quantitative Methods, Mostní 5139, Zlín, Czech Republic Contact information Eva Hýblová: hyblova@econ.muni.cz Alena Kolčavová: kolcavova@fame.utb.cz
utb.fulltext.dates -
utb.fulltext.references BALL, R., ROBIN, A. and SADKA, G. 2008. Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism. Review of Accounting Studies, 13(2 – 3): 168 – 205. BALDARELLI, M.G., DEMARTINI, P., SKAREZ, M. L. and PALONIX, P. 2012. Accounting harmonization for SME‐s in Europe: some remarks on IFRS for SME‐s and empirical evidences. Ekonomska Istrazivanja, 25(1): 1 – 26. BARTH, M. E., LANDSMAN W. R. and LANG, M. H. 2008. International Accounting Standards and Accounting Quality. Journal of Accounting Research,46(3): 467 – 498. EUROPEAN COMMISSION. 1978. Fourth Council Directive 78/660/EEC. [Online]. Available at: http://www.kacr.cz/eu‐smernice [Accessed: 2016, September 1]. EUROPEAN COMMISSION. 2011. Report on the responses received to the consultation of accounting regulatory committee members on the use of opinions within the accounting directives. [Online]. Available at: http://ec.europa.eu/finance/accounting/docs/2010‐options_en.pdf [Accessed: 2016, August 1]. EUROPEAN COMMISSION. 2013. Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC. [Online]. Available at: http://www.kacr.cz/eu‐smernice [Accessed: 2016, September 1] FRANCIS, J. 1999. Have financial statements lost their relevance? Journal of Accounting Research, 37(2): 319 – 352. HONKOVÁ, I. 2015. International Financial Reporting Standards Applied in the Czech Republic. E+M, Economics and Management, 18(3): 84 – 89. INTERNATIONAL FINANCIAL STANDARDS BOARD. 2011. IAS 1 Presentation of Financial Statements. [Online]. Available at: http://www.iasplus.com/en/standards/ias/ias1. [Accessed: 2016, May 15]. KARGIN, S. 2013. The Impact of IFRS on the Value Relevance of Accounting Information: Evidence from Turkish Firms International. Journal of Economics and Finance, 5(4): 71 – 8 0. LANTTO, A. M. and SAHLSTRÖM, P. 2009. Impact of International Financial Reporting Standard Adoption on Key Financial Ratios. Accounting and Finance, 49(2): 341 – 361. OCHRANA, F. 2009. Methodology of science. [In Czech: Metodologie vědy]. Prague: Charles University. Carolinum. OTRUSINOVÁ, M. and ŠTEKER, K. 2013. An Analysis of Using Accounting Information for Financial Management in Czech Companies. International Journal of Mathematical Models and Methods in Applied Sciences, 7(4): 436 – 443. PASEKOVÁ, M., BIALIC‐DAVENDRA, M., MÜLLEROVÁ, L., et. al. 2010. IFRS for SMEs: Current Issues in Reporting of SMEs in the Czech Republic, Slovak Republic, Poland and Ukraine. In. AMIS 2010 – Proceedings of the 5th International Conference, Accounting and Management Information Systems. Romania, Bucuresti. pp. 793 – 8 01. SAMUELS, J. M. and PIPER, A. G. 1985. International Accounting. A Survey. New York: St. Martin’s Press. SEDLÁČEK, J. and VALOUCH, P. 2009. Fair Value in the Price Regulation of Natural Monopoly. [In Czech: Reálná hodnota v cenové regulaci přirozeného monopolu]. E + M. Economics and Management, 2: 6 – 14. ŽÁROVÁ, M. 2006. Regulation of the European Accounting. [In Czech: Regulace evropského účetnictví]. Prague: University of Economics. Oeconomica.
utb.fulltext.sponsorship The paper was prepared in the framework of specific research project, MUNI/A/0916/2015‐Behavioural and knowledge aspects of trading and the valuation of financial assets.
utb.scopus.affiliation Department of Finance, Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic; Department of Statistic and Quantitative Methods, Faculty of Management and Economics, Thomas Bata University in Zlin, Mostní, Zlín, Czech Republic
Find Full text

Files in this item

Show simple item record

Attribution-NonCommercial-NoDerivatives 4.0 International Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 International