The series of corporate accounting scandals drew attention to the stewardship function of accounting. This exposition deals with the characteristics of accounting from perspective of institutional economic theory. I analyze relationship between owner and manager by the principal-agent model....

After recodification Czech law there has been problem in commercial and accounting law with using accounting purchase method and acquisition method. Too in one’s behalf transformation – reorganization is in commercial law and in accounting norms used purchase method and acquisition method....

The issue of business combinations date arose in accounting in connection with the case of cross-border fusions again. The solution of this issue in the Czech accounting and in company law takes into account objective fundament of the transaction. Legal regulation in many EU countries is...

Accounting and business regulation for the transformation of commercial companies over the last twenty years has crystallized into five developmental stages. By analyzing and comparing the legal and accounting concepts, we can say that the last stage is characterized by an extensive choice of...

The consensus in the merges idea conceptions is necessary to increase fairness (trustiness) and comparability of accounting information about business combinations. In the first case of merging independent companies and their accounting entities we can suppose, that the basic idea of merge is...

Mergers and spin-offs encounter with a problem of recognizing the transaction as actual purchase. From the commercial law perspective the transaction is always considered as actual purchase while the accounting search for real basis of the case. When the subjects of the transaction are not...

Despite of harmonisation processes throughout EU directives conceptual legal and accounting differences of national solutions for mergers could be very important. There shall be stated certain discrepancies in following areas: · date of acquisition versus effective date; · revaluation issues of...

To address the negative impacts of economic recession can be successfully used modern methods of management costs through cost technology ABC (Activity Based Costing). In addition to market effects in the business community is the use a more efficient use of public resources in the...

The article deals with methodical problems connected with model of deferred advantage (or disadvantage) from reinvestment. The advantage shall be understood as a difference in shareholder’s wealth resulting from the situation when the corporate profits are ploughed back into business...