The aim of the Beyond Budgeting concept is to recognize mutual interconnections and relations of budgeting process as a whole, to design the management model of a company operating in turbulent market environment and to specify the principles, rules and tools of the model. The Beyond Budgeting...

Sustainability accounting is the generation, analysis and use of monetarized environmental and socially related information in order to improve corporate environmental, social and economic performance. Sustainability accounting should be based on the extension of the existing scope of...

The article is a discussion to the Libby and Brown’s article: Financial Statement Disaggregation Decisions and Auditors’ Tolerance for Misstatement. The first part of the article describes the original research of the authors, including theoretical base, experiment and its conditions and...

Article focuses on issues of the IFRS implementation into the Czech accounting and tax legislation. Main topic is possibilities and risks of the conversion methods used for translation of the financial statements based on Czech Accounting Standards (CAS) to financial statements which follow the...

Balanced Scorecard (BSC) is a relatively complex management tools used also for the management and performance measurement company as a whole and its business units. The authors of that article confirm the hypothesis, that an independent audit of internal BSC reports increases the confidence of...

Current revision of the Fourth and Seventh Company Law Directives is provided in the scope of simplification of accounting rules for SMEs and other companies. The review of the Accounting Directives has the overall objective to modernize and simplify the reporting requirements as well as to make...

The paper focuses on principles of full cost recovery method in the area of research and development and it discusses challenges as well as potential problems of the implementation at Czech universities. First, the paper deals with significance of full cost method for users of information....

Financial statements display the financial effects of transactions and other events by aggregating them into groups which have common characteristics. These broad groups are called the elements (building blocks) of financial statements. These elements are a base for recording, classifying and...

This article deals with transposition of the employee participation from the 10th Directive of the European Parliament and of the Council on cross-border mergers of limited liability companies into the national law, which is represented by Czech law here. Transposition of the employees´...

This paper deals with the possibilities of practical application of the traditional model of Customer Profitability Analysis and possibilities of its extension of the capital costs related to a shorter or longer interval of payment of claims or additional resources of stocks, which are caused by...