Abstract
The aim of this article was to examine the bond of the national regulation of accounting for mergers in the Czech Republic and Poland to the theoretical methods of accounting for business combinations and to compare the national regulations assuming finding potential clashes. Our assumption was that since Poland’s capital market is more advanced than Czech’s capital market, the regulation for mergers and the accounting for this type of transactions will also be more advanced; but at the same time, since both national regulations arose from the same geopolitical background and embodies the same directives of the European Union, therefore, we assumed that the basic concepts of accounting for mergers will be very much alike. Both assumptions proved to be correct. We found that the differences between Czech national regulation and Polish national regulations are many, but the similarities are greater. Both regulations aspire to some extent to the IAS/IFRS regulation of merger accounting as well as to the theoretical concepts of merger accounting and its methods. We found that Czech national regulation is a bit behind with its convergence to the IAS/IFRS which is in our opinion cause by the reluctance of the Czech national legislation to embrace the comprehensive and coherent method-based approach over the strict legal regulation.
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Acknowledgments
This paper has been prepared under financial support of Vysoká škola ekonomická v Praze: FFU, project no. 47/2015 (IG105055) “Relevance of accounting information on the consolidated basis in business and public sector,” which authors gratefully acknowledge.
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Pospíšil, J., Strojek-Filus, M. (2017). Comparison of Accounting for Mergers in the Czech Republic and Poland. In: Procházka, D. (eds) New Trends in Finance and Accounting . Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-49559-0_39
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DOI: https://doi.org/10.1007/978-3-319-49559-0_39
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