Implementation of IFRS for SMEs and its Impact on Performance Indicators

Abstract

The paper deals with actual topic of international standardization processes in field of accounting. After the brief introduction attention is given to the results of financial ratios. Methodology for ratio calculation is presented and followed by short case study that shows and analyses the impact of transfer of the Czech accounting statements on the financial statements according to the IFRS for SMEs. As calculation structure was chosen pyramidal breakdown of ROE. Subsequently the results of both accounting systems were calculated, compared and evaluated.