European Financial and Accounting Journal, 2016 (vol. 11), issue 2
Articles
The IFRS 8 Segment Reporting Disclosure: Evidence on the Czech Listed Companies
Nattarinee Kopecká
European Financial and Accounting Journal 2016, 11(2):5-20 | DOI: 10.18267/j.efaj.154 
The IFRS 8, the operating segments was converged of the IAS 14 and SFAS 131(US GAAP). It was issued in November 2006 and subsequently has been applied since 2009. The core of convergence is to reduce the differences between IAS 14 and SFAS 131. The IASB expected that a change would increase useful information for users and can be used as a single set of standard accounting for international trade. However, since the standard had been applied, it emerges advantages and disadvantages for users and entities on some issues. Particularly, internal management information issue that managers use as a compass to lead the company's strategies and it conceals...
Quality of Information Disclosed in Annual Reports of Listed Companies in the Czech Republic
David Čevela
European Financial and Accounting Journal 2016, 11(2):21-36 | DOI: 10.18267/j.efaj.155
This article examines the periodic information duty of the companies listed on Prague Stock Exchange in relation to the information disclosed within annual reports. The most significant regulatory requirements in force as at December 31, 2013 are identified and divided into several sub-areas - requirements on the financial statements, Report on relations and the Report of the Board of Directors, notes and complementary information and financial position and financial results. The identified requirements are then confronted with actual information disclosed within annual reports of the companies analysed to assess the compliance with the applicable...
Quality of Disclosed Information with Emphasis on Goodwill Impairment
Markéta Boučková
European Financial and Accounting Journal 2016, 11(2):37-52 | DOI: 10.18267/j.efaj.156
This paper focuses on an analysis of the mandatory disclosure of goodwill impairment information in compliance with the international accounting standard IAS 36. The international financial reporting standards require a wide range of disclosed information concerning the goodwill impairment such as the carrying amount of goodwill allocated to the cash generating unit, determination of the discount rate applied to areas such as cash flow projections or sensitivity analysis. Prior research on disclosure requirements of goodwill impairment has shown generally low level of compliance within the selected companies. The main goal of this paper is to find...
The Effects of R&D Intensity and Tax Incentives on Firms Growth of PIGS Countries
Markéta Šeligová
European Financial and Accounting Journal 2016, 11(2):53-67 | DOI: 10.18267/j.efaj.157
The aim of this paper is to evaluate the effects of R&D intensity, R&D investment and tax incentives on firms' growth in Portugal, Italy, Greece and Spain from 2002 to 2014. Another ambition of this paper is to identify which selected factors affected firms' growth. The effect of variables such as the R&D intensity, generosity of tax incentives, capital intensity, profitability, firm size and firm sales was tested. Using panel regression analysis a positive influence R&D intensity and generosity of tax incentives at firms' growth was recorded.
The Economic Paradigms Need to Be Updated
Jaroslav Daňhel, Eva Ducháčková, Jarmila Radová
European Financial and Accounting Journal 2016, 11(2):69-76 | DOI: 10.18267/j.efaj.158
This contribution deals with the current problems of the stagnating European economy: a high level of debt, political instability and a lower level of ethics. The growth of the income gap in society is viewed as one of the most pressing problems. Reference is made to the ineffectiveness of traditional fiscal and monetary policy, the problematic nature of solutions based on new tools, such as quantitative easing, and the low level of the effectiveness of implemented regulatory projects, which reduce the efficiency of regulated business. In a quest for new approaches to correcting economic paradigms, the authors recommend greater anticipation of empirical...