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AAK - Acta academica karviniensia

číslo 2017/1
IFRS 3 COMPLIANCE RESEARCH AT CZECH CAPITAL MARKET
[Míra compliance s požadavky na zveřejnění dle IFRS 3 na českém kapitálovém trhu]
ISSN:
1212-415X (Print)
2533-7610 (Online)
Year [Rok]:
2017
Volume [Ročník]:
XVII
Issue [Číslo]:
1
Authors [Autoři]:
Jiří Pospíšil
Abstract [Abstrakt]:
This paper deals with the level of compliance of the financial statements to the disclosure requirements of the IFRS 3 Business Combinations. The analysis was performed on the financial statements of the companies listed in the PX and PX-TR market stock index of the Prague Stock Exchange. Financial statements of the period 2011 to 2014 were included in the research. The level of compliance is assessed through the D-score model which allows for an evaluation of the degree of disclosure in the financial statements. IFRS 3 enumerates the disclosure requirements in the form of list of rather detailed information which are required to be disclosed in the notes of the financial statements in the case that business combination occurred in the reporting period. D-score measures the level of compliance of the analysed financial reports with the list of detailed information prescribed by the IFRS 3. The research showed, that the level of compliance of the analysed financial statements varies between 47 #% and 86 #%. This paper however does not analyse the determinants that cause low level of compliance nor high level of compliance
Keywords [Klíčová slova]:
Business Combinations, Czech capital market, Degree of disclosure, IFRS 3, Level of compliance
JEL classification [JEL klasifikace]:
M41
Page range [Rozpětí stran]:
76 - 86
Full version [Plná verze]: