Analysis of Financial Securities Reporting by SMEs’ in the Czech Republic

Strouhal Jiří, Paseková Marie, Hrubošová Eva

Keywords:
SME, valuation (measurement), IFRS, securities, derivatives, fair value, hedging, hedge accounting

Abstract:
Due to the harmonization of international accounting in recent years, there has been a declining trend from historical costs accounting towards a fair value measurement. This changing trend is more applicable particularly for the measurement and reporting of financial securities in the Czech Republic. The purpose of this paper is to analyze the current state in the use of financial securities by Small and Medium-sized enterprises, to assess their abilities to valuate these financial instruments, and finally, to prepare a comparative analysis of the Czech accounting treatment and the International Financial Reporting Standards (IFRSs).

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