IFRS: Global Rules & Local Use 2020: Beyond the Numbers

PROGRAMME

CONFERENCE PROCEEDINGS

Introduction

This year, the conference turned to be somewhat a challenge because we had to overcome obstacles stemming from the lack of face to face negotiation due to pandemic crisis COVID-19. The conference was organized fully online. The conference gained a new dimension using virtual communication techniques. There were more than 100 visitors and participants during the conference days.

Topics of this year´s conference covered various aspects of IFRS implementation in the context of varied national and cultural environments, as well as topics from the area of international business and the topics analyzing the impact of COVID-19 on various aspects of academic life and research. Conference papers arrived from the international audience – including, Czech Republic, Germany, Poland, Romania, Slovakia and Turkey.

All contributions went through double blind and sometimes triple blind review process, and the proceedings are prepared for submission to Clarivate (formerly Thomson Reuters as in previous years). The proceedings from years 2014-2017 are indexed in the core collection.

This year from the point of organization we need to highlight namely the support on the side of organisers and IT support providers. Their work had tremendous impact on the quality of the whole event because this year the conference turned to be a big challenge since we had to overcome obstacles stemming from the lack of face to face negotiation.

Many contributions covered very interesting and up to date and topics worth further elaboration for scientific journals. The conference is collaborating with some CEE journals which could offer some new publication opportunities after the further elaboration of the original conference contribution.

Keynote Speakers

• On Thursday the conference was open by Professor David Alexander from the University of Birmingham
  Professor Emeritus David Alexander is a leading theorist of accounting and financial reporting focused on methodology, classification IFRS, cultural differences and practical application of IFRS in an international context. Keynote address by David Alexander was performed by our colleague David Muir.  David provided his welcome chitchat summing up the development of this conference and queries of current days.
• Prof. Nadia Albu, PhD, Bucharest University of Economic Studies
  Nadia Albu is Professor of Accounting at the Bucharest University of Economic Studies, Romania, Visiting Professor at ESSEC Paris, France, and Fulbright Alumna (2013-2014, University of Dayton). Her research interests include the institutional change in the field of accounting in Central and Eastern Europe, with a focus on Romania. She is the editor of the journal of Accounting and Management Information Systems and serves on the editorial board of several international accounting journals. Her address concerned local CEE context and discussion of the way how international frameworks are implemented in practice.
• Dr. Aleš Králík, LL.M., Ministry of Finance, Czech Republic
  Mr. Kralik is the Head of department of capital markets of the Ministry of Finance, Czech Republic, and he is one of the authors of new conception of development of Czech capital market. Dr. Kralik’s speech was devoted to more practical topic and he provided his views on how to practically implement the IFRS framework into Czech regulations, or rather how to merge both approaches which seem to be somewhat dichotomous at this point.
• Prof. Ing. Luboš Smutka, Ph.D., University of Life Sciences Prague
  Prof. Smutka specializes in commodities markets and world agricultural policy. Prof Smutka opened the current topic and discussed the expected impact of COVID-19 on changes in global economy.
• On Friday further keynote addresses were presented by: Prof. Ing. Lubor Lacina, Ph.D., Mendel University Brno
  Professor Lacina is Jean Monnet Chair in European Economic Studies from think tank Mendel European Centre Mendel University in Brno, Czech Republic. Professor Lacina is specializing in international economics and problems of Eurozone and he discussed the role of Czech state support in connection with COVID-19 pandemic.
• Prof. Erginbay Ugurlu
  Erginbay is Professor and Head in the Department of International Trade at Istanbul Aydın University his major expertise is econometrics, energy economics, and sustainable development. He was a Visiting Scholar at Columbia University in 2013 and recently he was also involved in research on the impact of IFRS on change of institutional environment exploring the link to FDIs. In his speech he addressed current EU and China Trend in Trade in Challenging Times (of COVID-19).
• Dr. Peter Lerner, Anglo-American University
  Dr. Lerner was previously a research physicist, who earned his MBA from University Pittsburgh and then a PhD in Finance from Syracuse University, New York. Most of his numerous papers and book chapters are in the field of physics, but in the recent years he focuses on financial markets, risk and published a book on market micro-structure. Previously, Dr. Lerner worked as a faculty member of Kean University, New Jersey in its campus in Wenzhou, China and now is a research fellow at Anglo-American University. At this conference, his speech concerned the evolution of Fintech industry.
• Prof. Eleftherios Thalassinos, Ph.D., MBA, University of Piraeus
  Professor Thalassinos is DHC 2013, DHC 2015, DHC 2018, Professor at University of Piraeus, Greece, Affiliate Professor at University of Malta, visiting Professor at Neapolis University of Cyprus and Open University of Cyprus, European Chair Jean Monnet, Editor in-Chief ERSJ, IJEBA, IJ TEI, Chair M ICABE. This year his address explored the link between Financial Markets and Pension Systems Across the EU

Contributions

The ensuing conference contributions on both days provided open-minded insight into the current state of contemporary accounting and finance topics, including current conditions of non-financial reporting to enhance better evaluation of the current situation as well as the state of implementation of IFRS in different areas of national economies.

To sum up, the conference contributions provide open-minded insight into the current state of contemporary accounting and finance topics, the state of implementation of IFRS in different areas of national economies, including current conditions of non-financial reporting to enhance better evaluation of the current situation.

This collection of conference contributions is intended to provide for dissemination of new findings presented at the conference amongst interested parties on this issue and further to inspire new research in this area.

Conference contributions are available in this year’s proceedings

Testimonials/Feedbacks

• Again, my congratulations to you and the whole organizing team for planning and organizing this very fruitful event! I really enjoyed the discussions that helped me to get new insides in the situation of the countries in Southeastern Europe! 
  Prof. Dr. Rainald Kasprik, Professor of Business Administration and Marketing, Heilbronn University of Applied Sciences, Germany
• Many thanks for your email and invitation to be part of the conference! Congrats on the organization! Looking forward to attending a physical one, hopefully next year!
  Profs. Nadia and Catalin Albu, Bucharest
• I am really glad that your conference was organized this year, with all the changes which occured in our lives! Looking forward to hearing from you!
  Prof. Madalina Dumitru Bucharest
• Dobry den, dekuji za pozvani a obdivuji veskerou energii kterou jste do organizace konference vlozili. Mate muj obdiv. S uctou...
  Hello, thank you for the invitation and I admire all the energy you put into the organization of the conference.You have my admiration.With respect...
  Prof. Ing. Lubor Lacina, Ph.D. Jean Monnet Chair in European Economic Studies, Mendelova Universita Brno
• I am highly apreciating the fruitful discussion at the conference and the large number of interesting conference papers.
  Doc. Vladislav Pavlát, University of Finance and Administration Prague
• Dekuji Vam mnohokrat za pozvani a především za naprosto dokonale pripravenou online konferenci s mnoha inspirativnimi lidmi. Budu se tesit nekdy na videnou, samozřejmě ještě zůstávám na závěrečné ukončení. …….. Thank you very much for the invitation and especially for the perfectly prepared online conference with many inspiring people.I'll look forward to seeing you sometime, of course I still stay for the final ending.
  Ladislava Volkova PhD student VŠE (IT expert!)
• Irena, thank you very much for invitation. Thank you for listening to the interesting presentations. I am sending warm greetings to everyone from Łódź (Poland).
  Prof. Anna Szychta: Editor in Chief - Zeszyty Teoretyczne Rachunkowości

Personal Thank You From doc. Ing. Irena Jindřichovská, CSc.

Topics of this year´s conference covered various aspects of IFRS implementation in the context of varied national and cultural environments, as well as topics from the area of international business and the topics analysing the impact of COVID-19 on various aspects of academic life and research. Conference papers arrived from the international audience – including, Czech Republic, Germany, Poland, Romania, Slovakia and Turkey.

All contributions went through double blind and sometimes triple blind review process, and the proceedings are prepared for submission to Clarivate (formerly Thomson Reuters as in previous years). The proceedings from years 2014-2017 are indexed in the core collection.

This year from the point of organization we need to highlight namely the support on the side of organisers and IT support providers. Their work had tremendous impact on the quality of the whole event because this year the conference turned to be a big challenge since we had to overcome obstacles stemming from the lack of face to face negotiation.

Many contributions covered very interesting and up to date and topics worth further elaboration for scientific journals. The conference is collaborating with some CEE journals which could offer some new publication opportunities after the further elaboration of the original conference contribution.

I believe that this online meeting brought us new inspiration and we look forward to next year’s personal negotiation.