Is there a difference in the implementation of fair value concept between companies that apply international and companies that apply national accounting standards? - The case of Croatian companies from real sector (CROSBI ID 687054)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Gulin, Danimir ; Perčević, Hrvoje ; Hladika, Mirjana ; Bernat, Ivana
engleski
Is there a difference in the implementation of fair value concept between companies that apply international and companies that apply national accounting standards? - The case of Croatian companies from real sector
Fair value concept is the prevailing concept used for subsequent measurement of particular assets and liabilities that has been implemented by International Financial Reporting Standards and in the majority of national accounting standards. Since companies in Croatia prepare financial statements either according to International Financial Reporting Standards or Croatian Financial Reporting Standards, the purpose of this paper is to identify to what extent is fair value concept implemented in companies from real sector that use International Financial Reporting Standards in comparison to companies that use Croatian Financial Reporting Standards in Croatia and to analyze if there is a difference in fair value application between companies that apply International Financial Reporting Standards and companies that apply Croatian Financial Reporting Standards. The research is carried out on the random sample of 100 Croatian companies from real sector, of which 67 apply International Financial Reporting Standards and 33 Croatian Financial Reporting Standards. Research results have indicated that fair value concept is mostly used for measuring properties, plant and equipment in Croatian companies from real sector regardless of the standards used, while investment in properties are mostly measured at fair value in companies applying International Financial Reporting Standards. Based on the research results, it can be concluded that there is no significant difference in fair value application between companies that apply International Financial Reporting Standards and companies that apply Croatian Financial Reporting Standards.
CFRS, fair value, IFRS, real sector
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
Podaci o prilogu
66-71.
2019.
objavljeno
Podaci o matičnoj publikaciji
Proceedings of the International Conference Management, Accounting, Banking, Economics and Business Research
Milano: WRF Explore
Podaci o skupu
International Conference Management, Accounting, Banking, Economics and Business Research
predavanje
03.12.2019-04.12.2019
Milano, Italija