PROBLEM OF THE TRANSITION FROM THE CZECH ACCOUNTING STANDARDS TO THE IAS/IFRS

At a time when most of the small and medium-sized companies face no small competitive pressure due to ongoing economic crisis, it is obvious the question of how to maintain their market position or where to expand, and strengthened its market position? Because, in the expansion into foreign markets and maintaining the market position, is suitable to be presented not by local, but by internationally understandable statements, the paper is focused on the analysis of the problem of transition from the Czech Accounting Standards to the International Financial Reporting Standards in the selected company by using a model of multi-criteria analysis of variants.