Jeno Beke, Ph.D., CPA, CMA, CTA
This paper traces the benefits of international accounting standards and their contribution to harmonization in business practice. The author measured and valued the effects of international standards on the business economic environments. There was shown that uniform management accounting standards will increase market liquidity and division of labour, decrease transaction costs for investors, lower cost of capital, and facilitate international capital formation and flow. Reduced costs will also result in more cross-listings and cross-border investments. This survey contains information on how local, national accounting rules differ from International Financial Reporting Standards (IFRS) on incorporating recognition, measurement, and disclosure rules. To analyze business adoption decision my sample consists of Budapest Exchange Trade (BET) companies who compulsory adopted international financial reporting standards in Hungary, from 2007. In this research the pre-adoption examination period is in year of 2006 and the post-adoption is in year of 2007. In the scientific research methodology the author assigned that the Balance Sheet indexes deteriorated especially regarding solvency and prosperity after adaptation of IFRS. Earnings management reduced after the post-adoption period. Business management has more value relevance in the IFRS adopted enterprises.
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