Comparative analysis of the national accounting standards of the Czech Republic and Lithuania

摘要: The European Union (EU) Regulation 1606/2002 requires all listed companies of the member states to prepare consolidated financial statements based on International Financial Reporting Standards (IFRS) for accounting periods beginning or after 1 January 2005. adoption IFRS is supported in many countries inside and outside because it may improve quality comparability reporting. In addition use by some also unlisted companies, have developed their own national standards international ones. Although are IFRS, they not identical. Czech Republic Lithuania transitional economies that joined May 2004. purpose paper compare with look at approaches these aspects reporting, analyze differences similarities approaches.