Comparability of financial statements prepared according to IFRS and IFRS for SMEs in the field of intangible assets

Bohušová, Hana; Svoboda, Patrik

doi:10.11118/actaun201058060067

Cited by 7 publications

(5 citation statements)

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“…Moreover, the verdict of whether a company has control over the assets and bringing future economic benefits is also a complex procedure. The result of this study is in line with a statement by Bohusova and Svoboda (2010), who assert that recognition and measurement criteria for IFRS 138 are quite detailed and strict. The researchers further argue that the intangible assets have a very broad concept since some of the ordinary activities are also considered as intangible assets such as movies, franchises, customer lists, marketing rights and software.…”

Section: Regression Resultssupporting

confidence: 91%

“…From the arguments before, the literature has shown the complexity of the work in the area of intangibles, from the definition and classification to the recognition and measurements (Bohusova and Svoboda, 2010). It is expected that the higher complexity and ambiguous treatment will cause auditors to spend more time in tracing audit evidence, which, subsequently, will delay the audit report.…”

Section: Intangible Assetsmentioning

confidence: 99%

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Adoption of FRS 138 and Audit Delay in Malaysia

Yaacob¹,

Ahmad²

2012

IJEF

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In respect of the International Financial Reporting Standards (IFRS) convergence, auditing works have become too complicated in the way auditors are burdened with so many changes of standards. The complexity of IFRS adoption is mainly attributable to certain standards that have received considerable criticism from the preparers and the auditors due to their ambiguous measurement and recognition. As FRS 138 is a new IFRS in Malaysia, and the accounting treatment for intangible assets are the most controversial and complex issue in the financial reporting field (Lhaopadchan, 2010), there is a question of whether FRS 138 adoption in Malaysia would affect audit efficiency. Hence, this study aims to examine the relationship between the adoption of FRS 138 on the timely issuance of audit report. The final sample consists of 2,440 firm-year observations. The panel regression analysis reveals a significant positive relationship between FRS 138 adoption and audit delay. The result proves that FRS 138 is a complex standard that takes the auditor more time to audit.

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Section: Regression Resultssupporting

confidence: 91%

Section: Intangible Assetsmentioning

confidence: 99%

Adoption of FRS 138 and Audit Delay in Malaysia

Yaacob¹,

Ahmad²

2012

IJEF

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“…At the same time, an expansion of a company should be accompanied by economies of scale so that a better use of the assets is provided. Also retained earnings seem to be controversial from the perspective of merger success, as it could be a guarantee of economic effi ciency of the company in the future if invested appropriately (Bohušová, Svoboda, 2010). A synergy that will lead to an increase in net assets of the company in the long term should be the main criterion for an assessment of a merger success; and an additional criteria, should be the indicators expressing returns, liquidity and activity achieved by the company a er the transformation (Nerudová, 2011).…”

Section: Resultsmentioning

confidence: 99%

Synergic motives and economic success of mergers of Czech companies

Sedláček¹,

Valouch²,

Konečný³

2013

Acta Univ. Agric. Silvic. Mendelianae Brun.

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SEDLÁČEK JAROSLAV, VALOUCH PETR, KONEČNÝ ALOIS: Synergic motives and economic success of mergers of Czech companies. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, LXI, No. 7, pp. 2721-2727 One of the motives for mergers and acquisitions is the synergy eff ect, which can take several forms. This paper tries to fi nd out whether mergers implemented at the Czech market bring positive or negative synergies. The basis of our investigation is the database of the companies that implemented a merger within [2001][2002][2003][2004][2005][2006][2007][2008][2009]; out of these, the companies that published their fi nancial statements in a digitalized form were selected. We monitored the development of six indicators characterizing the economic status of a company. The values of these indicators were compared for all participating companies before the merger and for the successor company three years a er the merger. The hypotheses were formulated so that they expressed an expectation of a positive synergy brought about by mergers. However, hypothesis testing has not provided a clear result. A positive eff ect of a merger on the key indicator of net assets, whose growth means an increase in the accounting value of the company a er the merger, has been proved for small and medium-sized companies only. The eff ect of mergers on the increase in indicators has been confi rmed for retained earnings from past years and personal costs. Further research will concentrate on the relations between the indicators with the aim to create an integral indicator for the economic success of mergers. company transformation, merger development, motives for mergers and acquisitions, synergy, methods for measurement of economic eff ects of mergers, hypothesis testing, assessment of merger success

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“…These are capitalised development costs, software, patents, licenses, copyrights, import quotas, trademarks, marketing rights, etc. (Bohušová & Svoboda, 2010), • tangible fixed assets whose valuation is higher than EUR 1,700. It includes land, buildings, flats, and nonresidential premises, works of art and collections, objects made of precious metals, separate movable items and sets of movable items, cultivation units of permanent crops with a fertility period of more than 3 years, basic herd and draft animals, openings of new quarries, (Juhászová et al, 2021), • non-current financial assets generally consist of securities and shares, long-term loans, works of art, collections, precious metal objects and land acquired by the entity to hold available funds (Farkaš, 2020).…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Assets and capital in small and medium-sized wineries in Slovakia

Ladvenicová,

Košovská,

Hudáková

2023

JESI

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Small and medium-sized companies make up approximately 99.9 % of the total number of all companies in Slovakia. Developing these companies is an essential prerequisite for significant economic growth in our country. The paper's primary goal is to analyse the development of assets and capital of small and medium-sized companies in viticulture in Slovakia. The monitored period was 2013-2021, and the forecast of the indicator's development until 2024. Viticulture in Slovakia has a long-term tradition not only of growing vines but also of wine production. In the analysed wineries, the value of assets and their basic components (non-current assets, current assets, and accruals) grew. We noticed the same trend in the development of equity and liabilities and its items (equity, liabilities, and accruals). Wineries mainly used debt to finance their activities, which prevailed over equity.

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Comparability of financial statements prepared according to IFRS and IFRS for SMEs in the field of intangible assets

Cited by 7 publications

References 1 publication

Adoption of FRS 138 and Audit Delay in Malaysia

Adoption of FRS 138 and Audit Delay in Malaysia

Synergic motives and economic success of mergers of Czech companies

Assets and capital in small and medium-sized wineries in Slovakia

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