Comparison of the requirements for reporting of listed and non-listed companies: some issues from the Czech Republic

Jirí Strouhal () and Petra Ždárská ()
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Petra Ždárská: Department of Financial Accounting and Auditing, Faculty of Finance and Accounting, University of Economics, Prague

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2008, vol. 55, 143-153

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).

Keywords: financial reporting; IFRS; Czech Republic (search for similar items in EconPapers)
Date: 2008
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