The purpose of this publication is to assist you in understanding the significant differences between International Financial Reporting Standards (IFRSs) and Slovak accounting regulations (SAR). This publication does not discuss every possible difference; rather, it is a summary of those differences that we have encountered most frequently in practice. The focus of this publication is on recognition and measurement, rather than on disclosures. However, disclosure-based areas are included. Throughout this publication there is a summary of the requirements of IFRSs included in the left-hand column. In the right-hand column SAR is compared to IFRSs, highlighting similarities and differences.

This publication does not include the specific views that KPMG has developed in the absence of specific guidance under IFRSs or SAR, since others may have applied their judgement in developing different guidance.
In some cases we note what we would expect in practice, but in other cases we note simply that practice varies or may vary.