Implementation of Analytic Hierarchy Process Method in Decision-Making on the Choice of Accounting between National Accounting Standards and International Financial Reporting Standards
Implementation of Analytic Hierarchy Process Method in Decision-Making on the Choice of Accounting between National Accounting Standards and International Financial Reporting Standards

Summary/Abstract: The article deals with selected aspects of accounting and preparation of financial statements in accordance with the national accounting standards, selected multinational system of accounting standards and their combinations. When deciding whether to keep accounts only in accordance with national legislation or in accordance with International Financial Reporting Standards, a variety of criteria is taken into account. As has been found, each of the criteria has a different weight. Most considered criterion is the level of costs. Moreover, a number of methods and procedures that are used by International Financial Reporting Standards are characterized by a higher level of sophistication. The results of the research show that the highest weight occurs in case, when the accounting is performed only according to national accounting legislation. The drawback of this option might be a lower quality and limited comparability of financial statements.

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