Acta academica karviniensia 2011, 11(1):79-91 | DOI: 10.25142/aak.2011.008

PROJECT OF UPDATING THE CONCEPTUAL FRAMEWORK OF THE IAS/IFRS AND ITS INFLUENCE ON THE ACCOUNTING IN THE CZECH REPUBLIC

Olga Malíková1, Zdeněk Brabec2
1 Ing. Olga Malíková, Ph.D., Odborný asistent Katedra financí a účetnictví, Ekonomická fakulta, Technická univerzita v Liberci, Studentská 2, 461 17 Liberec 1, olga.malikova@tul.cz
2 Ing. Zdeněk Brabec, Doktorand Katedra financí a účetnictví, Ekonomická fakulta, Technická univerzita v Liberci, Studentská 2, 461 17 Liberec 1, zdenek.brabec@tul.cz

This article is engaged in a comparative analysis of the existing IASB's framework with the proposal of a new improved version, which is elaborated within the common convergence project of the International Financial Reporting Standards (IASB) and the United States Financial Accounting Standards Board (FASB). After that some inferential conclusions for accounting in the Czech Republic are analysed.

Keywords: financial accounting, conceptual framework, convergence, standard setters, financial reporting, financial statements
JEL classification: M41, M48

Published: March 30, 2011  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Malíková O, Brabec Z. PROJECT OF UPDATING THE CONCEPTUAL FRAMEWORK OF THE IAS/IFRS AND ITS INFLUENCE ON THE ACCOUNTING IN THE CZECH REPUBLIC. Acta academica karviniensia. 2011;11(1):79-91. doi: 10.25142/aak.2011.008.
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. BULLEN, H.G.; CROOK, K. Revisiting the Concepts. [online] Norwalk: FASB, c2005. [cit. 2010-09-02] Available from WWW: <http://www.fasb.org/news/SDR_10_20-21_08.pdf>http://www.fasb.org/project/communications_paper.pdf
    2. DELOITTE. Conceptual Framework - Overall Approach to the Project. [online] Deloitte, c2010 [cit. 2010-09-02] Available from WWW: <http://www.iasplus.com/agenda/framework.htm>
    3. FASB. Conceptual Framework Project Phase C: Measurement Milestone I Summary Report-Inventory and Definitions of Possible Measurement Bases. [online] Norwalk: FASB, c2007. [cit. 2010-09-02] Available from WWW: <http://www.fasb.org/project/CF_Milestone_I_Summary_Report.pdf>
    4. FASB. Joint Meeting - IASB and FASB. [online] Norwalk: FASB, c2007. [cit. 2010-09-02] Available from WWW: <http://www.fasb.org/news/SDR_10_20-21_08.pdf>
    5. IASB. Conceptual framework. [online] London: IASCF, c2010. [cit. 2010-09-02] Available from WWW: <http://www.ifrs.org/Current+Projects/IASB+Projects/Conceptual+Framework/Conceptual+Framework.htm>
    6. IASB. Conceptual Framework - Measurement. [online] London: IASCF, c2010. [cit. 2010-09-02] Available from WWW: <http://www.ifrs.org/Current+Projects/IASB+Projects/Conceptual+Framework/Conceptual+Framework.htm>
    7. IASB. Exposure draft: Conceptual Framework for Financial Reporting: The Reporting Entity. [online] London: IASCF, 2010. [cit. 2010-09-02] Available from WWW: < http://www.ifrs.org/NR/rdonlyres/363A9F3B-D41C-41E7-9715-79715E815BB1/0/EDConceptualFrameworkMar10.pdf >
    8. IASB. Exposure draft of an improved Conceptual Framework for Financial Reporting: Chapter 1: The Objective of Financial Reporting, Chapter 2: Qualitative Characteristics and Constraints of Decision-useful Financial Reporting Information. [online] London: IASCF, 2008. [cit. 2010-09-02] Available from WWW: <http://www.ifrs.org/NR/rdonlyres/464C50D6-00FD-4BE7-A6FF-1BEAD353CD97/0/conceptual_framework_exposure_draft.pdf>
    9. IASB. Framework for the Preparation and Presentation of Financial Statements. [online] London: IASCF, c1989. [cit. 2010-09-02] Available from WWW: <http://eifrs.iasb.org/eifrs/bnstandards/en/framework.pdf>
    10. KIESO, D. E.; WEYGANDT; J. J., WARFIELD, T. D. Intermediate Accounting: IFRS Edition. Volume 1. 1st edition. New Jersey: John Wiley & Sons, 2010. 800 s. ISBN: 978-0-470-61630-7
    11. MLÁDEK, R. Koncepční rámec IFRS a US GAAP. Účetnictví, roč. 2009, č. 8, s. 60-63. ISSN 0139-5661
    12. NOBES, C.; PARKER, R. Comparative international accounting. 9th edition. Harlow: Prentice Hall, 2006, 576 s. ISBN: 978-0-273-70357-0
    13. UŽIK,M., ŠOLTÉS V., Vplyv zmeny ratingu na ceny spoločností obchodovaných na kapitálovom trhu. E+M Ekonomie a Management. 2009, roč. 12, č. 1, s. 49-56. ISSN 1212-3609
    14. WARFIELD, T. D; WEYGANDT, J. J and KIESO, D. E. Intermediate Accounting: Principles and Analysis, 2nd edition. New Jersey: John Wiley & Sons, 2008. 1136 s ISBN: 978-0-471-73793-3
    15. Zákon č. 563/1991 Sb., o účetnictví. In Sbírka zákonů České republiky. 2008, Available as well from WWW: < http://www.mfcr.cz/cps/rde/xchg/mfcr/xsl/dane_ucetni_reforma_v_oblasti_vf_pravpred_42073.html >

    Return to the content