The paper focuses on distribution of unrealized profits. It identifies arguments for such a discussion. Substance of creditor protection, equivalent rights for shareholders and creditors, capital maintenance concepts and accounting aspects of these phenomena are discussed. The paper clearly...

As governmental accounting standards have developed, the complexities of preparing financial statements for governmental entities have greatly increased. Providing meaningful financial information to a wide range of users is not an easy task. Adding to these challenges, the Governmental...

The paper deals with general questions of business data communication, particularly it focuses on the XBRL open data format. Moreover, a brief list of possible XBRL implementation impacts on financial reporting issues are discussed, mainly online reporting and continuous auditing is surveyed....

This article deals with changes and trends brought by IFRS 3 (revised 2008). However, the aim is not to describe all changes in their detail, rather the objective is to explain what is behind the changes and how to interpret new provisions in light of the evolution of accounting for business...

This article deals with the meaning and technicalities of merger (both cross-country and local) accounting of deferred tax. It describes important relationships between valuation prepared by an expert and the way the valuation is used for measuring purposes in accounting and for setting a value...

The paper analyzes comparability of information presented according to the Czech accounting standards. The drawbacks are identified in many real world situations and an accounting treatment which would eliminate those drawbacks is suggested. In some cases only additional disclosure in notes to...

The article is dedicated to the topic of financial reporting of the economic results of universities in relation to their financing. The article defines basic issues and problems in the area: identification of and distinction between the various activities of publicly financed universities, the...