Comparative Analysis of the National Accounting Standards of the Czech Republic and Lithuania

Mackevičius, Jonas; Strouhal, Jiří; Zverovich, Svetlana

doi:10.18267/j.efaj.88

Cited by 3 publications

(2 citation statements)

References 16 publications

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“…This is according to our prediction. A tax-driven nature of accounting requirements persists in Eastern European countries (Mackevicius et al, 2008). It comes from the historic development of the relationship between taxation and accounting.…”

Section: Accounting and Tax Connection Variable (Accountax)mentioning

confidence: 99%

“…Additionally, literature on earnings management points out that within the Eastern European countries Poland and the Czech Republic represent countries with a perspective focused to some extent on "investor oriented" directives having slight flexibility in terms of the fulfilment of the tax requirements, (see studies, (Jaruga, Walinska, & Baniewicz, 1996;Mackevicius, Strouhal, & Zverovich, 2008;Sucher & Jindrichovska, 2004;Vellam, 2004). On the other hand, Slovakia and Hungary are much more orientated towards the strong and strict connection of the accounting and taxation system.…”

mentioning

confidence: 99%

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A New Perspective on Earnings Management in Emerging European Countries: Investigation on Environmental Factors that Explain Differences in Earnings Management

Callao

Jarne

Wróblewski

2019

Journal of Accounting, Business and Finance Research

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This paper presents a new perspective on earnings management analyzing and comparing emerging European countries in the presence of environmental factors of developing countries. We provide empirical evidence on differences in the extent of earnings management across countries. Developing Eastern European countries experienced important changes. They have been in transition over the past decade, and remain making great strides to overcome the drag exerted by their communist heritage. Nevertheless, the studies on earnings management based on emerging economies are rare and hardly pursued due to the presence of institutional and regulatory differences between developed and emerging economies. Therefore, the present study fulfils the important gap in earnings management literature related to developing countries. Our results confirm that managers from different emerging European countries manage earnings differently. Additionally, we identify that there is not a sole reason affecting the managers' decisions, but a significant number of circumstances and characteristics. Whether a firm's environment offers more protection or is characterized by a higher level of development, higher foreign investments, it helps to limit the earnings management. In addition, when accounting and tax are not as strongly aligned with market approach as expected, it also limits the earnings management behaviour of managers.

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Section: Accounting and Tax Connection Variable (Accountax)mentioning

confidence: 99%

mentioning

confidence: 99%

A New Perspective on Earnings Management in Emerging European Countries: Investigation on Environmental Factors that Explain Differences in Earnings Management

Callao

Jarne

Wróblewski

2019

Journal of Accounting, Business and Finance Research

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Ending Eternal Liabilities: Updates to Gift Card and Loyalty Program Accounting

Warne¹

2017

J. Corp. Acct. Fin

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The Financial Accounting Standards Board recently updated rules regarding revenue recognition, which includes the accounting for gift card and customer loyalty point “breakage.” Breakage is the number of gift cards sold or customer loyalty points that will remain unredeemed indefinitely. Until the recent change, some companies kept the liabilities on their records indefinitely, while other companies reduced the liabilities over time, which created inconsistencies between companies. This article provides an example and discusses the changes related to accounting for gift cards and customer loyalty programs. © 2017 Wiley Periodicals, Inc.

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International Accounting and Auditing Standards Adoption in the Eastern European Countries of the European Union: Review of Regulations and Literature

Rykaczewski

Thevenot

Vulcheva

2022

Journal of International Accounting Research

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In this paper, we review regulatory changes surrounding the adoption of international accounting and auditing standards in 11 Central and Eastern European countries that are European Union (EU) members. Additionally, we examine the English-language research related to these changes in each jurisdiction. We find many commonalities associated with the countries' Communist past and the process of joining the EU. While many studies are being conducted in four of the countries (Czech Republic, Hungary, Poland, and Slovakia), such research is sparse in the remaining seven jurisdictions, primarily due to data availability. English-language audit research is particularly lacking. Our review outlines future research avenues and emphasizes country characteristics that must be addressed when any of the jurisdictions are a part of an international sample. Moreover, we enable international research readers to assess the generalizability of extant research findings.

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Comparative Analysis of the National Accounting Standards of the Czech Republic and Lithuania

Cited by 3 publications

References 16 publications

A New Perspective on Earnings Management in Emerging European Countries: Investigation on Environmental Factors that Explain Differences in Earnings Management

A New Perspective on Earnings Management in Emerging European Countries: Investigation on Environmental Factors that Explain Differences in Earnings Management

Ending Eternal Liabilities: Updates to Gift Card and Loyalty Program Accounting

International Accounting and Auditing Standards Adoption in the Eastern European Countries of the European Union: Review of Regulations and Literature

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