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Regulation of Financial Reporting under IFRS and U.S. GAAP
Langmajerová, Tereza ; Jirásková, Simona (advisor) ; Vašek, Libor (referee)
This thesis deals with the issue of regulation and international harmonization of accounting with emphasis on application of International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles of the United States (U.S. GAAP). It describes their historical development, requirements for financial statements and it presents the convergence process of the two systems. It acquaints readers with the role of Conceptual Framework for Financial Reporting and by practical example of an existing American company it summarizes the main differences between the financial statements drawn up in accordance with U.S. GAAP and IFRS.

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