Impact of EC Directive on Disclosure of Accounting Information for Small and Medium-Sized Companies

Dopad směrnice ES na vykazování účetních informací pro malé a střední podniky

Marcela Žárová

Český finanční a účetní časopis, 2009, vol. 2009, issue 3, 73-77

Abstract: The objective of the Directive issued on June 18, 2009 is to reduce administrative burdens relating to certain disclosure requirements imposed on medium-sized companies and obligation to draw up consolidated financial statement for certain companies within the Community. Small and medium-sized companies are often subject to the same rules as larger companies, but their specific accounting needs have rarely been assessed. Extensive reporting rules create a financial burden and can decrease the use of capital for productive purposes. There is also need to clarify the relationship between the accounting rules for consolidation required by Directive 83/349/EEC and IFRS.

Keywords: EC Directive; International Financial Reporting Standards; Administrative burdens; Směrnice ES; Mezinárodní standardy účetního výkaznictví; Administrativní zátěž (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2009
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DOI: 10.18267/j.cfuc.39

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