European Financial and Accounting Journal 2017, 12(3):117-127 | DOI: 10.18267/j.efaj.191

How Do Czech Companies Report Fair Value Measurement Under IFRS 13?

Jan Dvořák
University of Economics, Prague, Faculty of Finance and Accounting, Department of Finance and Business Valuation, W. Churchill Sq. 4, 130 67 Prague, Czech Republic.

Although the IFRS 13 standard has been effective for more than 4 years, there is virtually no practical research on this topic. Therefore, this paper focuses on reporting of fair value measurement under IFRS 13 in the Czech Republic. Firstly, the author identifies and describes the theoretical basis of IFRS 13 with a relevant literature review of the conducted research. Subsequently, the actual empirical research is presented on a sample of companies from the Czech Republic. The author reaches a conclusion that in some cases, companies in the Czech Republic fail to report compulsory information, as required by the IFRS 13 standard. Moreover, the empirical research has revealed that the proportion of the fair value measurement within fair value hierarchy is approximately one third for each of the three levels, and it does not change over time.

Keywords: IFRS 13, Fair value, International accounting standards
JEL classification: M40

Published: December 11, 2018  Show citation

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Dvořák, J. (2017). How Do Czech Companies Report Fair Value Measurement Under IFRS 13? European Financial and Accounting Journal, 12(3), 117-127. doi: 10.18267/j.efaj.191
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