This study examines the impact of the mandatory transition to the International Financial Reporting Standards (IFRS) to prepare consolidated and individual reports through the examples of reconciliation differences between the financial statements of companies listed on the Budapest Stock Exchange in Hungary in 2005 and 2017. This study examines the reconciliation items disclosed by joint stock companies in order to compare different income statements under IFRS. Content and frequency analyses were used to identify the reconciliations in the IFRS annual financial reports in the comparative periods of 2005 and 2017. In the transition to individual reporting, companies did not provide more reconciliation information compared to the periods at the consolidated level. The most frequent reconciliations in 2005 were related to the accounting of deferred tax, fair value and goodwill amortization, and in 2017, the most frequent reconciliations were also related to the accounting of deferred tax, depreciation of assets and dividends.
XII. évfolyam 2024. Special Issues 1. 13-19
DOI: 10.24387/CI.2024.1.3
Cikk megtekinthető: http://controllerinfo.hu/wp-content/uploads/2024/11/Controller_2024_K1-3.pdf
REFERENCES
ACT C OF 2000 ON ACCOUNTING.
BEKE, JENŐ (2010): Business and economic aspects of accounting standardization in Hungary. BEH – Business and Economic Horizons, 2 (2), 82-88, https://doi.org/10.22004/ag.econ.95973
CSEBFALVI, GÁBOR (2012): Hungarian Accounting Standardization Effects. International Journal of Accounting and Financial Reporting, 2 (1), 83-98, https://doi.org/10.5296/ijafr.v2i1.1457
FEHÉR, GÁBOR – KARAI, ÉVA (2020): Hungarian IFRS Implementation from Tax Perspective. Fourth International Scientific Conference ITEMA 2020 Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture. Belgrade: Association of Economists and Managers of the Balkans: 159-167, https://doi.org/10.31410/ITEMA.2020.159
FEKETE SZILVESZTER, PALI – PISTA – LUKÁCS, JÁNOS (2004): Implementing IFRS in Hungary. Globalism, Globality, Globalization – Ten Years of European Studies in Cluj. BBTE, Európai Tanulmányok Kar: pp. 159-170, https://www.ceeol.com/content-files/document-269143.pdf
FRITZ, S. – LÄMMLE, C. (2003): The International Harmonisation Process of Accounting Standards. Retrieved from http://liu.diva-portal.org/smash/get/diva2:18878/FULLTEXT01.pdf
GOVERNMENT REGULATION 1387. (2015): Retrieved from 1387/2015. (VI.12.) Government Regulation on the Application of International Financial Reporting Standards for Individual Reporting Purposes.
GULYÁS, ÉVA – WICKERT, IRÉN (2013): The impact and practice of applying IFRS – the case in Hungary. In Katalin Szendrő – Mihály Soós (Ed.), Proceedings of the 4th International Conference of Economic Sciences. Kaposvár: Kaposvár University. ISBN 978-963-9821-61-3, 383-392, http://dtk.tankonyvtar.hu/xmlui/handle/123456789/6297
HEGEDŰS, MIHÁLY – CSÁNYI, PÉTER (2019): Könyvvizsgálat speciális esetei IFRS szerint (Special cases of auditing according to IFRS). XIII. Soproni Pénzügyi Napok „2020 – Gazdasági változások és kihívások az új évtized küszöbén” pénzügyi, adózási és számviteli szakmai és tudományos konferencia. Sopron. ISBN 978-615-80230-5-4, pp. 49-62. https://oszkdk.oszk.hu/storage/00/02/77/39/dd/1/SPN_2019_Konferenciakotet.pdf
KPMG (2012): Felmérés a tőzsdén jegyzett magyar társaságok körében (Survey among companies listed on the Hungarian stock exchange). http://www.kpmg.com/HU/hu/IssuesAndInsights/ArticlesPublications/Lapok/penzugyikimutatasok‐2012.aspx
LAKATOS LÁSZLÓ, PÉTER (2014): A számviteli szabályozások eltérésének okairól (Causes of the differences in accounting regulations). Vezetéstudomány – Budapest Management Review, 45 (9), pp. 2-11. https://doi.org/10.14267/veztud.2014.09.01
LARSON, R. K. – STREET, D. (2004): Convergence with IFRS in an expanding Europe: progress and obstacles identified by large accounting firms’ survey. Journal of International Accounting, Auditing and Taxation, 13 (2004), pp. 89–119. https://doi.org/10.1016/j.intaccaudtax.2004.09.002
MADARASINÉ SZIRMAI, ANDREA – SZŐLLŐSINÉ SZÉP, ADRIENN (2018): A nemzetközi pénzügyi beszámolási standardok (IFRS) alapján teljesített statisztikai adatszolgáltatás módszertanának háttere és tapasztalatai (The background and experiences of the statistical data provision methodology based on IFRS). Statisztikai Szemle, 96 (5), pp. 489-521. https://doi.org/10.20311/stat2018.05.hu0489
REGULATION NO. 1606. (2002): Retrieved from Regulation (EC) No. 1606/2002 of The European Parliament and of The Council of 19 July 2002 on the application of international accounting standards: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32002R1606
STROUHAL, J. – HORÁK, J. – BOKŠOVÁ, J. (2017): Accounting harmonization in V4-countries and its impact on financial data. International Advances in Economic Research, 23 (4), pp. 431-432. https://doi.org/10.1007/s11294-017-9658-4
TAKÁTS, GYÖNGYVÉR (2014): Classification of the Hungarian accounting system. Zeszyty Teoretyczne Rachunkowości, SKwP, Warszawa, tom 78 (134), pp. 197-207. https://doi.org/10.5604/16414381.1122882
TARPATAKI, ELEONÓRA – FILYÓ, JANKA – LÁSZLÓ, NORBERT (2022): Magyar vállalkozások áttérése az IFRS-alapú beszámolóra a hitelbírálatok során használt mutatószámok tükrében (The transition of Hungarian enterprises to IFRS-based reporting in the light of the indicators used during credit evaluations). Hitelintézeti Szemle / Financial And Economic Review, 21 (1), pp. 95-112. https://doi.org/10.25201/HSZ.21.1.95
