scholarly journals The Consequences of “Options” in the Directive 2013/34/Eu of the European Parliament and of the Council on the Financial Statements

2017 ◽  
Vol 65 (4) ◽  
pp. 1349-1357
Author(s):  
Eva Hýblová ◽  
Alena Kolčavová
Keyword(s):  
European Union ◽  
Financial Reporting ◽  
Financial Statements ◽  
European Parliament ◽  
The Other ◽  
Financial Statement ◽  
The European Union ◽  
Consolidated Financial Statements ◽  
Other Hand ◽  
The One

Directive 13/34/EC of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings is an instrument of the harmonisation of accounting in member states of the European Union. The Directive contains a number of various ways for recognition and measurement of financial statements, alternative forms of statements or simplifications for small and medium sized enterprises, worded as “permit or require”. On the one hand, these differing ways can facilitate application of the Directive in national legislations; on the other hand, they can significantly reduce the comparability of information published in financial statements. The aim of the paper is to verify the relation between the options to be chosen and the variability of the resulting values of the financial statement items. Based on the findings, the results are evaluated in relation to the informative function of financial reporting.

Euro-Centrism vs. International Thinking

2006 ◽  
Vol 12 ◽  
pp. 12-14
Author(s):  
Stefan Fersterer
Keyword(s):  
European Union ◽  
The Other ◽  
European Identity ◽  
The European Union ◽  
Other Hand ◽  
Familiar Environment ◽  
The One ◽  
European Citizen

If European people are asked to answer the question, “Which of your different identities has the highest rank in your personal sense: the local, the national or the European?”, a high percentage rate would definitely still report to the two former and only a minority would define themselves primarily as an European citizen. This is no surprise. On the one hand, one defines its identity through that origin, with which he or she has the strongest relation. On the other hand it is extremely difficult for a huge and often aloof entity like the European Union to develop a common European identity that evokes those impressions and sentiments that people combine with their familiar environment.

scholarly journals HARMONIZACIJA RAČUNOVODSTVENE REGULATIVE NA PODRUČJU EVROPSKE UNIJE SA POSEBNIM OSVRTOM NA EU ZEMLJE CENTRALNE I ISTOČNE EVROPE

2018 ◽  
pp. 165
Author(s):  
Dragana Ranđelović ◽  
Tadija Đukić
Keyword(s):  
European Union ◽  
Eastern Europe ◽  
Financial Reporting ◽  
Central And Eastern Europe ◽  
The Other ◽  
The European Union ◽  
Economy Model ◽  
Regulatory Frameworks ◽  
Positive Experiences ◽  
The One

The emergence and development of a unified european market imposes a need  for harmonization financial reporting of business entites in the European Union. Directives and Regulations are the basic instruments for harmonization of national regulatory frameworks with aquaris, on the one hand, and for hamozication accounting practices among member countries, as well as those which are claiming membership, on the other. According to the model of financial reporting, the countries of Central and Eastern Europe belong or belonged to the mixed economy model. Our country belongs to the same model. In this paper, we will describe the reaches of certain Central and Eastern Europe economies in harmonization of financial reporting in relation to the current regulations of the European Union. Using comparative analysis, we will point out the essential features of the regulatory frameworks of certain national economises. Positive experiences of these countries in the development of accounting regulations could be applied in our country

scholarly journals ABOUT THE FINANCIAL REPORTING ON THE CAPITAL MARKETS IN THE EUROPEAN UNION: REQUIREMENTS OF USING THE IFRS AND THE EQUIVALENCE OF THIRD COUNTRY ACCOUNTING STANDARDS

2013 ◽  
Author(s):  
Aristita Rotila
Keyword(s):  
European Union ◽  
Financial Reporting ◽  
Capital Markets ◽  
Accounting Standards ◽  
Financial Statements ◽  
National Standards ◽  
The European Union ◽  
Consolidated Financial Statements ◽  
Community Capital ◽  
Single European Market

The need to build a single European market and to ensure the competitiveness of the community capital markets led to the involvement of European Union in the convergence process taking place on a global level in the realm of financial reporting. This paper is a study on financial reporting for the capital markets in the European Union by analyzing the accounting standards that need to be applied. Specifically, this paper highlights a number of issues concerning: the adoption of IAS / IFRS in the European Union and their compulsory aspect in preparing the consolidated financial statements for the companies listed on a regulated market; the requirement’s extension of using the IFRSs adopted in the European Union to the issuers of certain third countries involving a public offer of securities in European Union or performing transactions with securities on a community regulated market; the establish of a mechanism for the determination of equivalence of certain third country accounting standards with IFRSs in force at European level and, consequently, the possibility of using by some third country issuers, in preparing the consolidated financial statements submitted to the European markets, recognized national standards as equivalent to adopted IFRS.

Die neunten Direktwahlen zum Europäischen Parlament: Rahmenbedingungen, Parteien und Bürger in der Bundesrepublik Deutschland

2019 ◽  
Vol 50 (4) ◽  
pp. 715-735
Author(s):  
Daniela Braun ◽  
Markus Tausendpfund
Keyword(s):  
European Union ◽  
Political Parties ◽  
European Integration ◽  
European Parliament ◽  
Significant Loss ◽  
The Other ◽  
The European Union ◽  
European Elections ◽  
The One ◽  
European Parliament Elections

Despite a higher turnout, the ninth elections to the European Parliament can still be considered as second-order elections . In Germany, the governing parties - in particular the CDU and SPD - experienced a significant loss compared to the 2017 Bundestag elections and the 2014 European elections, whereas the Greens are the winners . The article provides information on the conditions framing the European Parliament elections and focuses on political parties and citizens . The empirical findings show, on the one hand, that the European integration issue is more salient in the manifestos than generally assumed and, on the other hand, that citizens’ knowledge of the European Union continues to be low . Against this background, turnout, electoral choices and reasons for these are discussed . Moreover, the composition of the newly elected European Parliament and possible implications are described . [ZParl, vol . 50 (2019), no . 4, pp . 715 - 735]

scholarly journals Legal Obstacles for Chinese Companies Investing in the Infrastructure Construction in the Europea Union: From a Labour Law Perspective

2020 ◽  
Vol 6 (2) ◽  
pp. 28
Author(s):  
Kai Liu
Keyword(s):  
European Union ◽  
The Other ◽  
Infrastructure Investment ◽  
The European Union ◽  
Labour Law ◽  
Law System ◽  
Other Hand ◽  
Chinese Companies ◽  
The One ◽  
The Eu

Annual infrastructure investment by Chinese companies in Europe continues to climb. However, the legal obstacles arising from the labour law system of the European Union has been not paid sufficient attention to. This research has taken use of a legal analyzing approach, to probe into on the one hand, the EU labour law framework; and on the other hand, to analyze the specific aspects of the labour law filed which would lead to the legal obstacles against the Chinese companies investing in the infrastructure construction.

scholarly journals Impact of Transposition of the Directive 2013/34/EU into the National Laws of EU Member States Emphatically V4

2017 ◽  
Vol 65 (2) ◽  
pp. 631-639
Author(s):  
Jana Gláserová ◽  
Milena Otavová ◽  
Anna Bušovová ◽  
Eliška Dřínovská
Keyword(s):  
European Union ◽  
Competitive Advantage ◽  
Financial Statements ◽  
European Parliament ◽  
The European Union ◽  
Consolidated Financial Statements ◽  
Member States ◽  
National Accounting ◽  
Eu Member States ◽  
The Eu

The European Union has published the Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings for reasons of increasing of the competitive advantage and productivity of small and medium‑sized enterprises. The EU Member States have to incorporate the rules of the Directive with their national law by 20 July 2015 at the latest during the year 2016. The intention of this paper is to determine and to evaluate the impacts of transposition of the Directive into the Czech Accounting Law and into the national accounting laws of EU Member States chosen. There is an identification of main differences of Czech Accounting Law and of amended Czech Accounting Law issued 1st of January 2016. There is an impact of implementation of the Directive 2013/34/EU on financial statements and at the same time on requirements of audit for individual categories of Czech accounting entities. In this paper, there is also an analysis of impact of the Directive 2013/34/EU on national accounting laws V4 States and on several further EU Member States. On the basis of comparison of differences recognized, there is an deduction of findings for companies falling into the same group.

Exploring the European Council's Legal Accountability: Court of Justice and European Ombudsman

2013 ◽  
Vol 14 (9) ◽  
pp. 1661-1686 ◽  
Author(s):  
Nikos Vogiatzis
Keyword(s):  
European Union ◽  
Rule Of Law ◽  
The Other ◽  
European Council ◽  
The European Union ◽  
Treaty Of Lisbon ◽  
Court Of Justice ◽  
Other Hand ◽  
Legal Accountability ◽  
The One

The purpose of this article is to explore the avenues for legal accountability vis-à-vis the European Council after the Treaty of Lisbon. This will be achieved through an assessment of the jurisdictional realms of, on the one hand, the Court of Justice of the European Union (CJEU), and on the other hand, the European Ombudsman, always in relation to the European Council. Legal accountability may be understood in this respect as the supervision of the observance of the European Union (EU) rule of law. The European Ombudsman is an EU body established by the Treaty of Maastricht; by virtue of Art. 228 of the Treaty on the Functioning of the European Union (TFEU), he or she has the power to investigate complaints of maladministration “in the activities of the Union institutions, bodies, offices or agencies, with the exception of the Court of Justice of the European Union acting in its judicial role.”

Exit from Joint-decision Problems?

2020 ◽  
Vol 7 (1) ◽  
pp. 2-27
Author(s):  
Lucas Schramm
Keyword(s):  
European Union ◽  
European Integration ◽  
The Other ◽  
Decision Problems ◽  
The European Union ◽  
Eurozone Crisis ◽  
Joint Decision ◽  
Other Hand ◽  
The One ◽  
The Eu

Over the last decade, the European Union (EU) has faced a multitude of crises. Importantly, the various crises have led to different outcomes: Whereas the Eurozone crisis, for example, led to more European integration, the Schengen crisis arguably resulted in a partial European disintegration. Applying models of joint-decision problems in the EU, this paper analyses why and how these two crises led to divergent outcomes. It finds that higher levels of functional pressures, higher capacities of supranational agency, and more room for package deals enabled the EU to exit from joint-decision problems in the Eurozone crisis, whereas these and other potential exit mechanisms were widely unavailable in the Schengen crisis. Looking explicitly at the (missing) availability of exit mechanisms from joint-decision problems, this paper goes beyond the application of the usual European integration theories, which struggle to explain the variation in crisis outcomes. Furthermore, the paper makes a contribution to the more recent academic discussions on European integration/ disintegration, on the one hand, and the legitimacy-effectiveness gap, on the other hand.

The Making of a President: The European Parliament and the Confirmation of Jacques Santer as President of the Commission

1996 ◽  
Vol 31 (1) ◽  
pp. 62-76 ◽  
Author(s):  
Simon Hix ◽  
Christopher Lord
Keyword(s):  
European Parliament ◽  
The Other ◽  
The European Union ◽  
Political Debate ◽  
European Elections ◽  
Shared Meanings ◽  
Single European Act ◽  
The One ◽  
Council Of Ministers ◽  
The Eu

THE SINGLE EUROPEAN ACT AND THE MAASTRICHT TREATY attempted to balance two principles of representation in their redesign of the institutional structures of the European Union: the one, based on the indirect representation of publics through nationally elected governments in the European Council and Council of Ministers; the other, based on the direct representation of publics through a more powerful European Parliament. There is much to be said for this balance, for neither of the two principles can, on its own, be an adequate solution at this stage in the development of the EU. The Council suffers from a non-transparent style of decision-making and is, in the view of many, closer to oligarchic than to democratic politics. On the other hand, the claims of the European Parliament to represent public sentiments on European integration are limited by low voter participation, the second-order nature of European elections and the still Protean nature of what we might call a transnational European demos. The EU lacks a single public arena of political debate, communications and shared meanings; of partisan aggregation and political entrepreneurship; and of high and even acceptance, across issues and member states, that it is European and not national majority views which should count in collective rule-making.

Moving Beyond Procedure

2002 ◽  
Vol 35 (7) ◽  
pp. 784-813 ◽  
Author(s):  
AMIE KREPPEL
Keyword(s):  
European Union ◽  
European Parliament ◽  
Decision Procedures ◽  
The Other ◽  
Current Debate ◽  
Legislative Process ◽  
The European Union ◽  
The Impact ◽  
Legislative Influence

This article examines the influence of the European Parliament (EP) within the legislative process of the European Union. Although debate over the impact of the cooperation and co-decision I procedures continues, this article argues that, in part, the current theoretical debate is a false one that has caused many of the other important variables that affect EP legislative influence to be ignored. This article briefly revisits the current debate, then proceeds to an analysis of the success of more than 1,000 EP amendments under the cooperation and co-decision procedures. This evidence suggests that numerous other variables, such as internal EP unity and type of amendment made, have a significant impact on EP success, even controlling for procedure. In addition, this comparison points out some empirical differences between the two procedures that have been largely ignored in the theoretical debate but that nonetheless have a significant impact of EP success and merit further study.

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