About: Impact of Changes in Financial Reporting Environment on Controlling Process and Results

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

Attributes	Values
rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	http://www.vsfs.cz/prilohy/konference/controlling_in_smes_final_2.pdf
Description	In this paper, we discuss the changes caused by the use of IFRS in the area of economic information and financial indicators, which are the elementary component of many controlling activities. Reporting of assets, equity and liabilities according to IFRS compared to the national accounting standards brings substantial changes to the classification, content and valuation of almost all items of the financial statements as well as other parts of information system. To find out whether and how reporting according to IFRS affects economic data has changed, we compared a set of selected data and indicators from financial statements prepared according to national standards and subsequently a set of financial statements prepared fpr the same entity and for the same period according to IFRS. Based on the comparison of both sets of data, we have found that the values are different, but the changes are not of the same nature or extent and that the use of these data leads to a different evaluation and decision-making. This means that the controlling conclusion in various levels and proceses may lead to different decisions, conclusions and suggestions. In this paper, we discuss the changes caused by the use of IFRS in the area of economic information and financial indicators, which are the elementary component of many controlling activities. Reporting of assets, equity and liabilities according to IFRS compared to the national accounting standards brings substantial changes to the classification, content and valuation of almost all items of the financial statements as well as other parts of information system. To find out whether and how reporting according to IFRS affects economic data has changed, we compared a set of selected data and indicators from financial statements prepared according to national standards and subsequently a set of financial statements prepared fpr the same entity and for the same period according to IFRS. Based on the comparison of both sets of data, we have found that the values are different, but the changes are not of the same nature or extent and that the use of these data leads to a different evaluation and decision-making. This means that the controlling conclusion in various levels and proceses may lead to different decisions, conclusions and suggestions. (en)
Title	Impact of Changes in Financial Reporting Environment on Controlling Process and Results Impact of Changes in Financial Reporting Environment on Controlling Process and Results (en)
skos:prefLabel	Impact of Changes in Financial Reporting Environment on Controlling Process and Results Impact of Changes in Financial Reporting Environment on Controlling Process and Results (en)
skos:notation	RIV/26138077:_____/14:#0000606!RIV15-MSM-26138077
http://linked.open...avai/riv/aktivita	I
http://linked.open...avai/riv/aktivity	I
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Kubíčková, Dana
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Vysoká škola finanční a správní, o.p.s.
http://linked.open...dnocenehoVysledku	20572
http://linked.open...ai/riv/idVysledku	RIV/26138077:_____/14:#0000606
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	IFRS; Financial statements; Indicators; Decomposition of ROE (en)
http://linked.open.../riv/klicoveSlovo	Financial statements IFRS Indicators Decomposition of ROE
http://linked.open...ontrolniKodProRIV	[5578B0294575]
http://linked.open...v/mistoKonaniAkce	Praha
http://linked.open...i/riv/mistoVydani	Praha
http://linked.open...i/riv/nazevZdroje	Controlling in SMEs - beyond numbers
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2014
http://linked.open...iv/tvurceVysledku	Jindřichovská, Irena Kubíčková, Dana
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open.../riv/zahajeniAkce	2014-01-01 (xsd:date)
number of pages	10 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Vysoká škola finanční a správní, o.p.s.
https://schema.org/isbn	978-80-7408-086-9

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