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Journal of Competitiveness

Reporting Under “IFRS for SMEs” in Company XY, Inc. – A Case Study

Šteker Karel, Struhařová Kateřina

Small and Medium-sized Entities (SMEs), International Financial Reporting Standards (IFRS), Financial Statements, costs, benefits.

The aim of this paper is to evaluate the costs and benefits of reporting under International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). This research is a case study of an existing Czech company. The study begins by summarizing the significant differences between IFRS for SMEs and the Czech Accounting Legislation. Also, reporting in accordance with IFRS for SMEs is illustrated using the selected company. At the end of the paper, the advantages and disadvantages of reporting under IFRS for SMEs in the company that is used as a case study are discussed.

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Journal of Competitiveness


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ISSN 1804-171X (Print); eISSN 1804-1728 (On-line)

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