Articlegold2012

THE INFLUENCE OF A DIFFERENT ACCOUNTING SYSTEM ON INFORMATIVE VALUE OF SELECTED FINANCIAL RATIOS

18 citations0/0 files storedTechnological and Economic Development of Economy

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Accounting Theory and Financial Reporting Auditing, Earnings Management, Governance Financial Analysis and Corporate Governance

Abstract

In recent global world the importance of financial markets is growing as well as the amount of capital distributed through these markets. To enable optimal efficiency of these markets the best investment opportunities has to be chosen. An alternative how to compare and select suitable companies to invest in is represented by a financial analysis of financial statements. The results of financial ratios are mainly influenced by the presumptions according to those the financial statements have been prepared. Therefore, in this article there is analysed if and eventually how significant the input data, influence the results of financial ratios. Firstly, the description of financial ratios that are used in following analysis is made. After that, there are analysed the requirements of Czech legislation and IAS/IFRS and their influence on financial statements. Then, the influence of five selected accounting transaction on balance sheets and income statements that are prepared once according to the Czech legislation and for the second time according to the IAS/IFRS is analysed. The final part tries to examine if and how strong the impact of different accounting system on the results of the selected financial ratios is.

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References

2011The Benefits of Financial Statement Comparability 1981Comparative International Accounting 2010Principles-Based versus Rules-Based Accounting Standards: The Influence of Standard Precision and Audit Committee Strength on Financial Reporting Decisions 1985Financial Accounting and Reporting 2001Accounting classification and the international harmonisation debate — an empirical investigation 2009The usefulness of accounting estimates for predicting cash flows and earnings 2004Financial Accounting: An International Introduction 2005Comparative International Accounting

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